3,127 Ireland IIP Applications Worth €2.12 Billion Pending After Torrent of Last-Minute Filings
The government indicated the sharply rising application volumes had become “unmanageable” and had informed the decision to close the scheme.
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Europe
Portugal Approves 12,000th Golden Visa as Total Investment Approaches EUR 7 Billion
British investors are becoming more numerous and have now appeared in the monthly top-five nationalities list for 6 of the last 8 months.
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Spanish Govt. Mulls Whether to Raise Golden Visa Real Estate Minimums or Disqualify Property Investments Altogether
Sources say the government is considering two options: Higher real estate investment minimums, or no real estate option at all.
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Bulgaria Has Revoked the Citizenships of 17 CBI Investors for Failing to Make or Maintain Investments
That such a large proportion of program participants appear to have tried to skirt the rules raise questions about who has been advising them.
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Greek Golden Visa: Q1 2023 Application Volume Up 259% Y-o-Y, Backlog Doubled in 6 Months
Buoyed by fewer competitors and an impending price hike, the program’s application volume has ballooned. So has its backlog of pending cases.
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Cyprus Golden Visa: No More Senior Dependents, Annual Proof of Income and Investment
Investors will no longer be able to include parents or in-laws and must show proof of maintained income and investment every year.
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How to Live in Italy and Pay a Single-Digit Tax Rate: 3 Special Tax Regimes
Attracted by the charm of Italy but repelled by its high tax rates? Here are the three special regimes that make Italy a tax haven – for you.
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8th Annual Report on Malta CBI: Regulator Laments “Surreal” EU Criticism as Program FDI Reaches EUR 1.7bn
Three agents alone were responsible for 42% of applications, while 22 agents submitted only a single application.
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Portuguese Govt. Yields on Golden Visa Retroactivity and 183-day Presence in Housing Bill’s Final Wording
No retroactivity for post-February 16th applications, 7-days-a-year presence requirement preserved, and cultural investment visas kept.
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Q1 Figures Show Portugal on Track to Approve All-Time Record Number of Golden Visas in 2023
Portugal is likely to approve a record number of applications in 2023. As long as the housing bill in its current form doesn’t pass, that is.
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Greece Extends Golden Visa Transition Period by Another 3 Months to July 31st
“This extension relieves the stress of investors,” commented Alexander Varnavas of Athens-based Varnavas Law on the news.
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Portuguese Govt. Insists on Feb 16th Cut-Off, 183-Day Presence for Golden Visa in Final “More Housing” Draft Bill
If the law is approved, investors will not get what they paid for. It’s “a violation of basic constitutional rights,” says one lawyer.
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Record Application Volume Sees Greek Golden Visa Authorities Struggling to Keep Up With Demand
Greek Golden Visa authorities are struggling to keep up with mushrooming demand. Applications in the backlog now number at least 3,700.
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UK’s New Founder Innovator Visa Program is “Not Scalable” And Will See “Serious Bottlenecks”
“We don’t anticipate any truly scalable offerings in the future here in the UK,” said veteran UK investment migration provider Eric Major.
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Portuguese President Calls Housing Bill “Unfeasible”, Indicates It is Unlikely to Go Through
Characterizing the bill as “inoperable from start to finish”, President de Sousa indicated it was unlikely to pass in its current form.
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Portugal Golden Visa: Madeira “Refuses” to Comply, President Says Govt. is Considering “Alternative Proposals”
Madeira’s President says his government “refuses to apply the measures” and that it has the “capacity and authority to legislate on the subject.”
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Albania to Postpone CBI Plans Pending Outcome of EU Court Case Against Malta
If the ECJ rules against CBI, said Rama, “the matter is closed.” But if it rules in favor, he said, “each country will make its own choice.”
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Portugal’s Golden Visa Public Discussion Period and What’s at Stake
Inês Costa Moura and Miguel Gomes outline the three possible outcomes of the government’s proposal and what is at stake in terms of jobs.
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26 Cypriot Law Firms Investigated For CIP-Related Compliance Violations: Five Already Found Guilty
The Cyprus Bar Association said it had found many instances of inadequate KYC/AML procedures and had already collected EUR 200,000 in fines.
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Portuguese Govt. Extends Public Discussion Period on “More Housing” Bill By Two Weeks
Considering the questions surrounding the proposal’s constitutionality, the golden visa’s future is unlikely to be settled before May.
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