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Brussels “Demands” Immediate End to Golden Visa Programs

By Natasha Donn   Brussels today is demanding that the EU Member States “immediately end” golden visa programs that give applicants European residency and/or citizenship.   The reason is that after years in which warnings have been sounded by NGOs and ‘lone voices’ against corruption, MEPs recognize these schemes enable “a rapid entry of criminals” into the bloc.   Says a statement released by the European Parliament: “EU citizenship cannot be marketed as a commodity”.   But that is of course what has been happening – in Portugal’s case since 2012.   Admittedly, Portugal doesn’t confer Golden Visa applicants with citizenship....

Major Changes Coming to the Portugal Golden Visa Program

By Latitude Residency and Citizenship   The Portugal Government is set to make significant changes to their popular Golden Visa program that will have major implications for clients considering this popular EU residence by investment option.   Why is the program so popular?   The Portugal Golden Visa program has been one of the world’s most successful residence by investment programs due to its minimal residence requirements and flexible path to citizenship. Portugal residence permit holders also gain the right to live and work year-round in Portugal and enjoy visa-free access to the entire EU.   They offer several qualifying investment options...

Portugal Golden Visa Investment Almost Triples in May

  Investment raised through golden visas almost tripled (192 percent) in May, compared to the same month of 2019, to €146 million, according to statistics from the Foreigners and Borders Service (SEF). Last month, the total investment resulting from the granting of Residence Authorisation for Investment (ARI) reached €146,168,473.40, which represents an increase of 192 percent compared to the €50 million recorded in May 2019.   May recorded the highest monthly investment amount raised since March 2017, when €192.4 million were raised in ARI. In relation to April (€28 million), the investment raised more than quintupled (421 percent).   In...