Europe’s citizenship-by-investment programs are alive and well, despite calls from across the political spectrum to end them.
In Greece and Portugal, the number of visas granted in recent months has been on the up, and demand in Italy and Spain has hit record levels.
So-called golden visas allow wealthy foreigners to gain EU residency — and by extension, a path to citizenship — by investing in local real estate or financial assets. There are few strings attached, and some programs require spending no more than a week in the country per year.
Why are such visas a problem exactly? (This paper is behind a paywall)
If you got the money you can buy your way into any country around the world not only Europe. These visa schemes or something similar are In most countries now
I don’t see the problem. They’re rich enough to not be dependent on governmental aid but they’re still paying taxes.
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[From Bloomberg News reporter Alice Kantor:](https://www.bloomberg.com/news/articles/2023-08-15/europe-s-golden-visas-are-booming-despite-calls-to-get-rid-of-them)
Europe’s citizenship-by-investment programs are alive and well, despite calls from across the political spectrum to end them.
In Greece and Portugal, the number of visas granted in recent months has been on the up, and demand in Italy and Spain has hit record levels.
So-called golden visas allow wealthy foreigners to gain EU residency — and by extension, a path to citizenship — by investing in local real estate or financial assets. There are few strings attached, and some programs require spending no more than a week in the country per year.
Why are such visas a problem exactly? (This paper is behind a paywall)
If you got the money you can buy your way into any country around the world not only Europe. These visa schemes or something similar are In most countries now
I don’t see the problem. They’re rich enough to not be dependent on governmental aid but they’re still paying taxes.