Hungary is fast-tracking its new golden visa by nine months and will give the program preferential processing in the first two months of 2024.
Despite sharply falling foreign demand for Turkish real estate, the government reportedly plans to raise qualification thresholds for CBI.
Hungary’s government, which has an absolute parliamentary majority, has tabled a bill that would open a golden visa in September next year.
Upper intermediate French, a C$200,000 donation, and a 12-month physical presence requirement are but some of the stricter new requirements.
The new program has a single qualifying option: A fund that will invest in the coconut oil sector to reduce Vanuatu’s reliance on fossil fuels.
Hong Kong’s Chief Executive John Lee has confirmed the program’s new price tag and the exclusion of residential real estate.
The government aims to hamstring a regime that has successfully raised tax revenue while simultaneously improving the demographic situation.
Motivated by the weekend’s protests over housing affordability, the PM has agreed to the extreme left’s demands to end the NHR regime in 2024.
Out of veto options, Portugal’s President last night finally signed the new housing bill into law, enacting the new golden visa rules.
The State Secretary said the decision was motivated by “the minimal use of the scheme,” along with “the critical discussion” in the EU.
The new guideline “poses significant challenges for Thai tax residents,” emphasizes the Australian Chamber of Commerce in Thailand.
Egypt’s property developers are gearing up to promote CBI as the country targets Turkey’s corner of the market, writes Hany Mostafa Moawad.
The long-awaited revamp of Hong Kong’s CIES is likely to have a HKD30M price tag, writes Hannah Ma, who thinks we’ll know for sure in October.
“If or when BTC goes up, your loan-to-value ratio goes down, so your house is appreciating, and so is the asset you’re borrowing against.”
Parliament is likely to finally push through legislation next month, at which point golden visa real estate investment will be off the table.
“I just hope they don’t raise prices too much,” says Trelcat. “Look at what happened with Malaysia’s MM2H program when they raised prices.”
Minimum investment doubled in most categories; in-person document collection; new limits on marketing methods; all effective immediately.
Among other demands, the EU wants CBI countries to consider their citizenships as a holy, deep, and meaningful connection to the country.
All 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.
The Home Office said the changes would have immediate effect to prevent “a wave of travelers” from the affected countries.