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MADRID (Reuters) -Spain will scrap its so-called "golden visa" programme granting residency rights to foreigners who make large investments in real estate in the country, Prime Minister Pedro ...
The EB-5 visa program, which is also called as the Golden Visa program, requires applicants to invest between US$900,000 and US$1.8 million, depending on the location of the project, and requires at least 10 jobs to be either created or preserved. [40] [41] There is an annual cap of 10,000 applications under the EB-5 program. [42]
Spain's government said Monday it plans to scrap so-called “golden visas" that allow wealthy people from outside the European Union to obtain residency permits on investing more than half a ...
Spain is to stop giving residency to foreigners who make large investments in real estate so that property will be more affordable to locals, its prime minister says. Spain to scrap ‘golden ...
Golden visas require investments of anywhere from $100,000 in Dominica up to £2,000,000 in the UK. The most common method for obtaining a golden visa is through the purchase of real estate with a minimum value. [41] Some countries such as Cyprus and Malta also offer golden passports to individuals if they invest a certain sum. [42]
Spain and Greece have programs comparable to Portugal's Gold Visa program. [10] The terms and criteria for the Golden visa program has changed over time and the country has tightened the rules to obtain the visa by simply buying a property in the country. [11] [12]
Such programmes have sparked controversy in several countries. A lack of demonstrable economic benefits, and security concerns, have been among the most common criticisms. In 2014 the Canadian government suspended their golden visa programme (although, as of 2017, Quebec maintains its own golden visa programme). [11]
Spain is particularly attractive, Ingrim says, because it still offers a residency investment option via real estate, and many of the other benefits of Portugal.
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