TUESDAY, 27 JUN 2017

 

CONNECT

Facebook Linked In Twitter
EmbassyUkraine_04/05-06/08_728x90px
GloriaJeans_266x90px
IMH LTD

Christodoulides: EU 27 Appear To Be In Line With Cyprus' Position on Security and Guarantees

Syllouris: Greek Cypriot Side Should Be Concerned Whether Turkey Would Respect an Agreement

IMH LTD
Volvo_19/06-19/07_468x60px

Citizenship for Sale

 

PREVIOUS

NEXT

 
 
 
Citizenship for Sale

Citizenship for Sale

European Golden Visas have been crafted to encourage further investment into the struggling economies of several EU countries, offering a door through which non-EU high net worth individuals can walk through with relative ease, to gain European citizenship and permanent residency.


Particularly essential in countries such as Spain and Cyprus which are coping with austerity and looking at an economically challenging 2014, the visa schemes have already attracted much attention, with Cyprus Interior Minister Socratis Hasikos recently stating that most of the €500 million foreign investment on the island in the past eight months came from investors meeting the targets for the programme.


With the competition fierce to create the most coveted Golden Visa scheme, many European countries are evaluating and reevaluating their requirements in the hopes of attaining higher foreign investors to their shores.


The latest to join the race will be Malta, with the implementation of new legislation at the end of this month to grant an immediate European passport to investors for the sum of just €650,000, to be donated to their National Development Fund. 
Though the authorities will evaluate applications from foreign investors in detail, applicants are not required to visit the country itself; a major advantage for many interested investors, and a major disadvantage for competing jurisdictions, as minimum stay requirements are often off-putting for prospective investors whose homes and business headquarters are far away.


The popular ‘Golden Visa’ incentives are cause for concern for many Europeans, who believe that easy access to citizenship will allow a doorway for foreign business-people and criminals alike. The anxiety is heightened by the knowledge that the European Commission is unable to prevent these residence permits.


Despite this, it is still seen as imperative that investors from Russia, China and Arab countries take advantage of the visa opportunities and bring their businesses, and their money, to the currently weak economies of the European countries on offer.


Here are just five of these Golden Visa schemes.

 

FROM AROUND GOLDNEWS

   

EBRD Awarded at the CIPA International Investment Awards 2017

EBRD has received an honorary award at the 2017 CIPA International Investment Awards.   The award was presented to Philip Bennett, EBRD First Vice ...
   

Fattal Hotel International Awarded at the CIPA International Investment Awards 2017

Fattal Hotel International has been selected as a winner of the 2017 CIPA International Investment Awards.   The award was presented to Roni Aloni, ...
   

Coast2Coast Capital Awarded at the CIPA International Investment Awards 2017

Coast2Coast Capital has been selected as a winner of the 2017 CIPA International Investment Awards. The award was presented to Greg von Holdt, Senior ...
   

Eni Awarded at the CIPA International Investment Awards 2017

Eni has been selected as a winner of the 2017 CIPA International Investment Awards.   The award was presented to Aldo Napolitano, EVP Exploration ...
   

CNP Assurances Awarded at the CIPA International Investment Awards 2017

CNP Assurances has been selected as a winner of the 2017 CIPA International Investment Awards. The award was presented to Xavier Larnaudie-Eiffel, Deputy ...
   

Nielsen Awarded at the CIPA International Investment Awards 2017

Nielsen Ltd has been selected as a winner of the 2017 CIPA International Investment Awards.   The award was presented to Vicky Grigoriadou, ...
   

SMT SHIPPING (Cyprus) Ltd Awarded at the CIPA International Investment Awards 2017

SMT SHIPPING (Cyprus) Ltd has been selected as a winner of the 2017 CIPA International Investment Awards.   The award was presented to Anthonius J. ...
   

Bouygues Bâtiment International Awarded at the CIPA International Investment Awards 2017

Bouygues Bâtiment International has been selected as a winner of the 2017 CIPA International Investment Awards. The award was presented to Daniel ...

HEADLINES

MOST POPULAR

Deloitte_2016_300x250px
Gold_Digital_Edition_300x250px

IMH LTD