
UK Drops £5 Million Investor Visa From October 28 Budget
The Treasury doubted the growth case and the visa’s main backer lost his job, but Downing Street hasn’t closed the door.

The Treasury doubted the growth case and the visa’s main backer lost his job, but Downing Street hasn’t closed the door.

Non-EU investor residency routes stay unchanged, while EU nationals swap investment-based permits for EU rights rationed by quota.

Under one design, investors would put £5 million into a British Business Bank fund; under another, £2.5 million plus £200,000 a year in tax.

“One thing is the blah, blah, blah and another is reality,” Sánchez fired back, likening Babiš’s rhetoric to Spain’s far-right Vox.

Revocation for short-term lets is written into the law; for rebates it rests on a ministry circular. Plevris says both will be enforced.

Cyprus expects to join the Schengen Area in full during 2027, its deputy migration minister said on October 10. The president of Cyprus said in May 2025 that the country would join in 2026. The 25 European Union countries already in the Schengen Area must all agree before Cyprus can join.

The committee then rejected the bill’s revenue part; the measure needs a fresh vote on the Assembly floor, where debate opens October 13.

Experts predict a change in who pays rather than a tax cut, and doubt it would keep wealthy French families from leaving.

Greece’s finance ministry has published a draft bill that would tax individuals’ gains from crypto-assets at 10%. Net gains of up to €500 a year would go untaxed, and the ministry wants parliament to vote on the bill in the first week of November.

With 30,000 biometric appointments booked for golden visa applicants, Lisbon practitioners now quote 14 to 18 months for new filings.

PASOK wants an “Angel Visa” instead; lawyer Christina Georgaki says golden visa buyers are mostly in a different market from Greek households.

The People’s Party, which fought golden visa abolition, leads the polls; the Sahrawi citizenship bill goes back to square one.

The Home Office has conceded one Italian case. Under Italian law, says one lawyer, “proof may come later; the status does not.”

At least 210,000 Britons took a second EU citizenship after 2016. The first rejoin overture from a sitting prime minister puts EU settlement rights back in play.

Non-EU applicants face more than double today’s minimum tax from 2027; applications received by December 31 keep current terms until 2031.

No thresholds or timeline yet, and the 12,000 figure does not match the 7,088 golden visas officials reported to MPs in April.

Amendments passed at ratification rewrite the entrepreneur route, close a treaty gap in the flat tax, and add twice-yearly reporting to parliament.

The EU offer covered defense, tech, and the Arctic, but not mobility. Experts put visa-free movement rights years away, if ever.

The bill targets a route the prime minister first proposed and would leave one investor option.

Dutch investors keep the notional-return system until at least 2029 while the government drafts a tax charged only at the point of sale.