Greek Golden Visa Raising €200m+ a Month: Backlog Has Tripled in One Year
While application volume is up 262%, processing is up only 142%. Net result: A sudden and unprecedented backlog worth EUR 1.75 billion.
Read MoreWhile application volume is up 262%, processing is up only 142%. Net result: A sudden and unprecedented backlog worth EUR 1.75 billion.
Read MoreParliament is likely to finally push through legislation next month, at which point golden visa real estate investment will be off the table.
Read MoreBy the end of the 7th month of 2023, the SEF had approved 962 golden visas, already significantly more than the 865 approved in all of 2021.
Read MoreAfter becoming the program’s number one applicant nationality last year, Russians are now excluded from Italy’s “Dolce Visa” program.
Read MoreItalian tax advisor and immigration specialist Nicoló Bolla introduces a little-known but highly flexible path to residency in Italy.
Read MoreAll that remains for the golden visa changes to take effect is promulgation by the President. Here are answers to your questions about the golden visa’s future.
Read MoreA source at the SEF says the agency has 7,802 pending applications. At current rates, processing these will take 6.8 years.
Read MoreJersey has raised billions from its low-tax HVR program. Now, deputies debate whether asking wealthy residents for more will scare them away.
Read MoreGreece’s backlog now numbers nearly 16,000 (about 5,000 main applicants), which, when converted to golden visas, will net billions for Greece.
Read MoreRequests for Portuguese nationality rose 37% to an all-time high of 74,506 in 2022. Authorities approved 98.6% of citizenship applications.
Read MoreThe UK Supreme Court settles a nearly four-year-old legal dispute over self-serving UK Tier 1 investment structures.
Read MoreThe same governing party that introduced the bill to end the golden visa in the first place is now proposing to keep most of the program.
Read MoreThe government of Serbia, an EU candidate, wants to give immigrants and refugees citizenship after just a year of living in the country.
Read MoreJerry Morgan of Mercan, the PGV’s biggest developer, says it’s been a “traumatic” year but that he’s “cautiously optimistic” about the future.
Read MoreThe government indicated the sharply rising application volumes had become “unmanageable” and had informed the decision to close the scheme.
Read MoreBritish investors are becoming more numerous and have now appeared in the monthly top-five nationalities list for 6 of the last 8 months.
Read MoreSources say the government is considering two options: Higher real estate investment minimums, or no real estate option at all.
Read MoreThat such a large proportion of program participants appear to have tried to skirt the rules raise questions about who has been advising them.
Read MoreBuoyed by fewer competitors and an impending price hike, the program’s application volume has ballooned. So has its backlog of pending cases.
Read MoreInvestors 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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