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europe

Europe 

Portuguese President Calls Housing Bill “Unfeasible”, Indicates It is Unlikely to Go Through

March 22, 2023March 22, 2023 Ahmad Abbas club, europe, golden visa, mais habitacao, politics, portugal, residence by investment

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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Europe 

Portugal Golden Visa: Madeira “Refuses” to Comply, President Says Govt. is Considering “Alternative Proposals”

March 20, 2023March 20, 2023 Christian Henrik Nesheim club, europe, golden visa, madeira, portugal, residence by investment

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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Europe Opinion 

Portugal’s Golden Visa Public Discussion Period and What’s at Stake

March 13, 2023March 13, 2023 Contributor club, europe, golden visa, opinion, portugal, residence by investment

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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Europe 

26 Cypriot Law Firms Investigated For CIP-Related Compliance Violations: Five Already Found Guilty

March 11, 2023March 11, 2023 Ahmad Abbas cbi, cip, citizenship by investment, club, cyprus, europe

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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Europe 

Portuguese Govt. Extends Public Discussion Period on “More Housing” Bill By Two Weeks

March 10, 2023March 10, 2023 Christian Henrik Nesheim club, europe, golden visa, portugal, residence by investment

Considering the questions surrounding the proposal’s constitutionality, the golden visa’s future is unlikely to be settled before May.

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Europe 

Special Tax Regimes: How to Live in Greece and Pay a Single-Digit Tax Rate

March 1, 2023March 1, 2023 Christian Henrik Nesheim club, europe, greece, tax, tax planning, tax residency

Greece offers investors, retirees, and business owners the opportunity to pay a sharply reduced tax rate for up to 15 years.

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Podcast 

Podcast: “99% Chance” Italy’s Dolce Visa Will Get a Real Estate Option in March

February 27, 2023February 27, 2023 Christian Henrik Nesheim dolce visa, europe, golden visa, investor visa, italy, lavoratori impatriati, lump-sum, madalena monteiro, podcast, real estate, residence by investment

Madalena Monteiro saw a deluge of inquiries about the Italian Dolce Visa after news of Portugal’s closing. Especially from Russians.

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Analysis 

The Link Between Taxation and Citizenship by Investment in Malta

February 27, 2023February 27, 2023 Nicholas Gouder cbi, cip, citizenship by investment, club, europe, malta, MEIN, mprp, tax, tax residency

Nicky Gouder explains the nuances of the terms resident and domiciled and how each has different implications for taxability in Malta.

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Sponsored Feature 

Greece Still Welcomes Golden Visa Investment at One of Europe’s Most Affordable Rates

February 24, 2023 Contributor europe, golden visa, greece, residence by investment, sponsored feature

When Greece last year announced golden visa investment requirements would increase, prospective investors worried. They needn’t have.

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Europe 

Entrepreneurs, Associations, and Madeira’s Govt. Slam PM Costa’s Announcement on Portugal Golden Visas

February 22, 2023February 22, 2023 Christian Henrik Nesheim ancieto viegas, appii, club, daniel correia, europe, fontainhas, golden visa, hugo santos ferreira, mercan, miguel albuquerque, miguel gomes, residence by investment

Madeira’s President wants to keep the program and joins industry voices to lambast the PM for his ill-considered announcement.

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Europe 

Legislative Proposal Seeks to Remove Real Estate Option for Spain’s Golden Visa

February 17, 2023February 17, 2023 Christian Henrik Nesheim club, europe, golden visa, politics, residence by investment, spain

Más País proposes a reform that “guarantees an effect on the real economy without distorting the real estate market in Spain.”

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Europe Policy Updates 

Portugal to Close Golden Visa Program in Its Entirety

February 16, 2023February 18, 2023 Christian Henrik Nesheim club, europe, golden visa, policy updates, portugal, residence by investment

The worst thinkable outcome has come to fruition. Hopes to the contrary notwithstanding, the entire program is being scrapped.

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Europe Policy Updates 

Ireland Closes Immigrant Investor Program: EU Views on Golden Visas Part of the Decision

February 14, 2023February 14, 2023 Christian Henrik Nesheim club, europe, golden visa, ireland, residence by investment

Minister Harris said he had “taken on board a number of reports and findings from the EU Commission, Council of Europe, and the OECD […].”

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Europe Intel & Data 

Irish Immigrant Investor Application Volume Swelled by 410% in 2022 as Officials Called for Program Suspension

February 10, 2023February 10, 2023 Christian Henrik Nesheim club, data, europe, golden visa, ireland, ireland immigrant investor programme, residence by investment, statistics

Last year, the IIP got more than 5 times as many applications as in 2021, mostly from Chinese. The govt. worries what Brussels will think.

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Europe Intel & Data 

Americans Displace Turks to Become All-Time 3rd Biggest Portugal Golden Visa Investor Group. Now, the British are Coming Too

February 9, 2023February 9, 2023 Christian Henrik Nesheim club, data, europe, golden visa, portugal, residence by investment, statistics

Americans leapfrog Turks to become the third-biggest investor nationality. British application volume is showing signs of acceleration too.

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Reports 

How to Live a Low-Tax Life in High-Tax European Countries – 11 Special Regimes

February 6, 2023February 8, 2023 Christian Henrik Nesheim alexander varnavas, chetcuti cauchi, david lesperance, europe, imi research unit, report, tax, tax planning, tax residency

How to legally pay a single-digit tax rate while living in eight otherwise high-tax Western European countries.​

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Europe 

63 Portugal Golden Visa Investors Have Sued Govt. Over Delays: 18 Have Won So Far

January 28, 2023January 28, 2023 Christian Henrik Nesheim bettino zanini, club, europe, golden visa, lawsuit, portugal, residence by investment, SEF

Since the first judge ruled in favor of a golden visa investor last summer, dozens more have been taking the SEF to court – and winning.

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Europe 

Digital Nomads Relocating to Portugal: 3 Tax and Legal Pitfalls Foreign Employers Must Avoid

January 25, 2023January 25, 2023 Mónica Santos Costa club, digital nomads, europe, portugal, tax

Remote workers in Portugal – and their foreign employers – must ensure they don’t run afoul of Portuguese labor and tax laws, write Mónica Santos Costa and Tiago de Magalhães.

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Intel & Data 

Applications for Greek Golden Visa Soared in Anticipation of Price Increase

January 24, 2023January 28, 2023 Christian Henrik Nesheim club, data, europe, golden visa, greece, residence by investment, statistics

When Greek Prime Minister Mitsotakis announced the price increase for golden visa real estate in September, investors reacted immediately.

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Europe 

Cyprus Has Revoked 222 CBI-Origin Citizenships – So Far

January 19, 2023January 19, 2023 Christian Henrik Nesheim cbi, cip, citizenship by investment, club, cyprus, europe, revocation

The fallout from Cyprus’ citizenship by investment scandal continues: 222 individuals have seen their citizenships revoked so far.

Read more
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