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The 4 Factors Driving China's Investment Migration Market Rebound

Translated and adapted by Christian Nesheim, who is alone responsible for the below content. The original version is available on our WeChat channel. After an encouraging second quarter of 2022, the Chinese investment migration market – and the agencies catering to it – are rapidly “recovering” and, judging by present levels of activity, this trend is persistent. The most sought-after programs among the Chinese right now are: ■  European golden visas through either real estate or fund investment, particularly in Portugal, Spain, Malta, and Ireland (less than before in Greece); ■  East and Southeast Asian income-based programs, with an emphasis on...
中文

Portugal Golden Visa on Track for Best Year Since 2019

In a televised speech on Saturday, Greek Prime Minister Kyriakos Mitsotakis announced that the minimum investment amount required under the property investment option of the golden visa program is set to double. “In order to increase the affordability of real estate for Greeks, we are now increasing the minimum amount of investment required for the issuance of a Golden Visa from EUR 250,000 to EUR 500,000,” stated Mitsotakis. The measure was announced at the Thessaloniki International Fair as part of a wider set of economic policies to be implemented, and the Prime Minister did not expound in detail on the...
中文

Switzerland Suspends Visa-Free Travel for Vanuatu Citizens Until February 2023

Switzerland has decided to no longer permit to enter the country visa-free Vanuatu citizens whose passports were issued on or after May 25, 2015.The decision has been taken on June 10, 2022, during a meeting of the Federal Council, according to a prior decision of the European Union’s Council to partially call off the visa waiver agreement with Vanuatu taken in early March upon an evaluation of the EU that Vanuatu’s investor citizenship programs, also known as Golden passports, bring risk to the EU countries.In a press release issued by the Federal Department of Justice and Police, which functions within...

Turkey tightens foreign citizenship investment from June

Erdogan government raises amount that foreigners must invest in property in order to become eligible for citizenship ANKARA: A price hike for foreigners seeking citizenship through real estate investment is the latest attempt by the Turkish government to ease the country’s financial woes. The move is estimated to help Turkey overcome its current account deficit and change the profile of foreign investors. “Only up to June 3 you can apply for Turkish citizenship by investing $250,000. Obtain a Turkish passport and citizenship in the most prestigious projects in Istanbul,” a popular advertisement reads. Amid widespread criticism of skyrocketing house prices...

Denmark Wants to Change Its Permanent Residency Employment Criteria

Becoming a Danish permanent resident could become easier than before, as the New Danish Minister for Immigration and Integration, Kaare Dybvad Bek, has expressed his intentions to facilitate the procedure for workers.  In an interview with Politiken newspaper, Minister Bek said that people engaged in paid internships should be considered as sufficient criteria for permanent residency, saying he wants Denmark’s immigration rules to be “tight, but not crazy,” SchengenVisaInfo.com reports.  More specifically, the minister said that internships and trainee programs should count toward the work requirement, indicating that applicants for permanent residency must have worked for at least three years and six...