The Investment Migration Knowledge Platform
Greece’s residence by investment program is raising €23 million a week. Already Europe’s most popular program by far, its application volumes keep growing.
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The milestone has only been reached by three other residence programs in history, but apps. hit a 17-month low in Nov and 2019 income is lowest since 2015.
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The results from IMI’s 2019 Investment Migration Executive Survey are in.
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Investment financing has the potential to catapult investment migration from UHNWI luxury product status to the much greater mass affluent market.
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The world of golden visa programs is “a buyer’s market in which Chinese citizens have their pick” says Georg Chmiel, Executive Chairman of Juwai.com.
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After two years on the drawing board, the Greek government yesterday approved a variety of new investment options for its golden visa program.
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“Let them bring their European pensions,” says the Namibian Ministry of Home Affairs.
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Portugal’s golden visa program is just EUR 89 million away from passing the 5-billion-euro mark. The champagne-opening could take place as soon as next month.
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Greek Prime Minister Mitsotakis means business: Invest half a million; pay 100,000 in tax. Invest 1.5 million; pay 50,000. Invest 3 million; pay 25,000.
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Portugal’s recent focus on private equity investment funds for Golden Visas reveal investor migrants are now sensitive to sound tax and exit strategies.
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While the announcement spoke only of a suspension, “it is not clear if the program will reopen, and under what conditions,” said one major service provider.
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Portugal’s government wants to channel more golden visa funds into non-real estate projects to address concerns about housing costs. That will not be easy.
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In a decision diametrically opposed to that of the previous government, Greek authorities move to allow the use of POS-terminals for golden visa investments.
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Immigration offices in the capital region are turning away applications due to a lack of capacity. Fortunately, regional offices are picking up the slack.
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In terms of revenue, 2019 will see EU programs raise at least EUR 5 billion – beating its own previous record by 43%.
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The record numbers make Spain’s golden visa Europe’s second most popular such program in H1 2019, surpassed only by Greece.
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Close to 80,000 investor migrants and dependents have obtained Australian visas under the BIIP, but 18,682 applicants are “in the pipeline”.
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Approved applications cratered by 49% compared to August and investments fell from some EUR 83 million to EUR 49 million, figures released today reveal.
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Unconfirmed reports indicate Greece will double its minimum investment requirement, introduce compulsory stays, and mandate minimum spending.
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Adjusting for differences in minimum requirements, you’ll get three times as many square meters in the cheapest market as in the most expensive.
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