PM Sánchez says he is taking “measures to guarantee that housing is a right and not a mere speculative business.”
Professionals must learn some Greek, earn €2,500 monthly, hold a degree, and have two years of relevant experience, explains Charles Savva.
To qualify for the program’s entrepreneurship route, applicants will need a compelling business plan and endorsement from an incubator.
Short-term rental is forbidden, but investors can qualify at EUR 250,000 throughout the country by renovating or converting properties.
Fund investments become cheaper and are likely to become more popular with the expected introduction of higher real estate minimums.
Following the example recently set by the UK, Ireland imposes visa restrictions on nationals of CBi countries Dominica and Vanuatu.
After 225 years of helping Britain attract global wealth, the non-dom regime will end next year – ironically, thanks to the Tories.
The government has also issued detailed stipulations for how investors must allocate the HKD 30 million.
But golden visa experts question what “date of application” means in practice and whether the law will help those who have already started the process.
The news is likely to vex golden visa developers who had pivoted to neighborhoods near – but not within – Athens, like Piraeus.
PM Mitsotakis will also consider the opposition’s proposal to oblige golden visa investors to put their properties up for long term rental.
Detailed regulations for Hungary’s new golden visa program are finally out. Hungarian specialist Csaba Magyar explains the rules in detail.
Australia is closing down its entire suite of investor and entrepreneur programs, citing insufficient fiscal benefits and dubious applicants.
The new rules allow for naturalization in as little as three years and legally guarantee processing citizenship applications within eight months, writes Charles Savva.
You can now obtain residency in Saudi Arabia based on investment, proven financial means, skills, or startup financing.
In recognition of processing delays, Portugal will let residents count their five years to naturalization from the day they applied, rather than from the approval date.
Dominica has now enshrined most of the “6 CBI Principles” in regulation, and prohibits name changes. Antigua offers a Q&A on CBI interviews.
Malaysia has made its MM2H program more attainable for most people. But market observers say the reforms will not suffice to tip the scales.
Minister Thomas said the CBI program is once more open to applicants of any nationality, the 4th such policy change in under two years.
Siren Chen summarizes the last few years’ changing terms of the Turkey CIP and outlines what we can expect next.