Spain Planning Golden Visa Rule Changes to Boost Demand and Attract Investments

Lagging behind investment immigration programs offered by other European countries like Portugal, Cyprus, and Greece, Spain’s government is considering liberalizing the Spanish Golden Visa program. Currently, the Spanish Golden Visa program is subject to the following rules: Minimum investment of at least EUR 500,000 in one or multiple properties in Spain. The applicant can invest…

New Cyprus Tax Benefits and Exemptions to Boost Investment Immigration

The taxation framework applicable to one of the most popular investment immigration programs in the world, the Cyprus Citizenship-by-Investment Program, has been modified to enhance its attractiveness to non-domiciled investors. The President of Cyprus recently announced changes to the tax framework applicable to the program that will allow investors to enjoy tax-free profits on their…

Portugal seeks to redevelop real estate market through revised Golden Visa Program

In a bid to attract investment towards redevelopment of Lisbon’s city centre, the Portuguese government has reduced the minimum investment required under its Golden Visa Program to EUR 350,000. However, investors will have to purchase properties situated in specific districts that have been identified for urban renewal and redevelopment. This move is expected to result…