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Golden visas were set up in Portugal about a decade ago Government held a cabinet meeting on Thursday about housingBy Henrique Almeida Portugal will end its so-called golden visa program for new foreign property buyers as it tries to address the lack of affordable housing in one of Western Europe’s poorest economies. To fight real estate speculation, Portugal will “eliminate the issuance of new golden visas,” Prime Minister Antonio Costa said at a press conference in Lisbon on Thursday following a cabinet meeting. Foreign real estate buyers who wish to renew their existing golden visas will only be eligible if...

IMMIGRATION BY INVESTMENT NEWS 2023

Affordability, unbeatable tax benefits to foreign nationals among the perks When considering a residency by investment programme, there are several options to choose from but what influences the ultimate decision to choose a specified programme lies in the details, which include the cost of the programme, location, and the amount of access a programme offers. It also depends on the benefits offered, like education and health, and how long it will take to obtain citizenship. According to DRP Advisers a leading real estate investment and EU citizenship consultancy in Portugal, “Several highly sought after residency by investment programmes exist in Europe, top...

IMMIGRATION BY INVESTMENT NEWS 2023

Govt hopeful of rise in FDI inflows in coming months   Synopsis FDI equity inflows fell nearly a quarter to $10.3 billion in the quarter to September 2022 from $13.6 billion a year earlier. In the first half of this financial year, FDI equity inflows shrank 14% to $26.91 billion from $31.5 billion a year earlier, while total inflows were 8.8% lower at $39.09 billion in the April-September period from $42.86 billion a year ago.   The government is hopeful of an increase in foreign direct investment (FDI) inflows in the coming months despite global headwinds, a senior official of...

FOREIGN DIRECT INVESTMENT NEWS 2023

U.S. and European investors’ holdings of assets controlled by Chinese companies but issued offshore are worth nearly three times as much as direct investments in companies registered in China. By Tom Hancock & Spe Chen U.S. and European investment into mainland China has largely been channeled through offshore vehicles set up by Chinese companies in tax havens, according to newly published research. This suggests that foreign exposure to Chinese assets is much larger than official statistics imply. U.S. and European investors’ holdings of equities and bonds that were issued by offshore vehicles and are controlled by Chinese companies such as...

CORPORATE & FIDUCIARY NEWS 2023

  by Strategic Management SocietyAn increasingly connected world and a strong digital economy have made it easier for multinational companies to have investments in multiple countries. This investment, where the company buys a controlling stake in a foreign company, is known as foreign direct investment. Making multiple foreign direct investments in countries with favorable tax policies, also known as tax havens, is a common strategy used by multinational companies to pay lower taxes and increase profits. But this strategy is commonly believed to have negative effects on the economic productivity of the home country (where the company is based) and...

FOREIGN DIRECT INVESTMENT REPORTS 2023

Wealthy internationals planning to acquire residency in Greece through the Golden Visa program will have to spend more money when investing after the country decided to increase the minimum amount of investment for this program. ccording to an amendment presented in Greece’s Parliament last week, in some parts of the Hellenic Republic, the minimum value of property required for Golden Visa issuance would be €500,000, SchengenVisaInfo.com reports. Based on local media reports, the new changes will be applied to the North part of Greece, as well as the Central and South Sector of Athens in the Attica Region, the islands...

IMMIGRATION BY INVESTMENT NEWS 2023

London, Dec. 27, 2022 (GLOBE NEWSWIRE) -- The much-anticipated changes to St Kitts and Nevis’ Citizenship by Investment Programme have been announced today by the country’s recently appointed Citizenship by Investment Unit Head, Michael Martin. Setting a bold and new tone for the industry as a whole, St Kitts and Nevis is once again leading the way for the investment immigration industry – adding a new layer of integrity to truly accelerate the country’s economic diversification, empower and prosper local citizens while creating an enriching base for intelligent investors. “Today, our progressive government brings to fruition these much-awaited and very...

IMMIGRATION BY INVESTMENT NEWS 2023

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...

IMMIGRATION BY INVESTMENT NEWS 2023