{"id":56150,"date":"2020-06-14T13:10:56","date_gmt":"2020-06-14T17:10:56","guid":{"rendered":"https:\/\/www.investmentimmigration.com\/?p=56150"},"modified":"2020-06-14T13:10:56","modified_gmt":"2020-06-14T17:10:56","slug":"coronavirus-4-destinations-where-investment-immigration-is-key-to-economic-recovery","status":"publish","type":"post","link":"https:\/\/www.investmentimmigration.com\/coronavirus-4-destinations-where-investment-immigration-is-key-to-economic-recovery\/","title":{"rendered":"Coronavirus: 4 Destinations Where Investment Immigration is Key to Economic Recovery"},"content":{"rendered":"

1) Caribbean Region<\/b><\/p>\n

The economy of the Caribbean region is heavily dependent on revenue generated by tourism and hospitality sectors, which means the COVID-19 pandemic is definitely bad news for this region.\u00a0<\/span><\/p>\n

Countries are locked, airlines are shut, and a vacation in the Caribbean is unlikely to be a big priority even after the pandemic subsides. This means the economic damage caused by COVID-19 is going to be worse and last for longer than during the aftermath of the frequent hurricanes that hit the region.\u00a0<\/span><\/p>\n

Countries like St. Kitts & Nevis<\/a>, Dominica, and Grenada are likely to aggressively market their programs to attract valuable foreign investment into their economies. As in the past, these nations may offer a temporary reduction in minimum investment requirements as an incentive to foreign investors. \u00a0<\/span><\/p>\n

2) Italy<\/b><\/p>\n

Italy was one of the first European countries to be hit hard by the COVID-19 pandemic. Although it is ranked fifth in terms of total cases, Italy\u2019s economy has suffered.<\/p>\n

Italy set up its investment immigration program in 2017, significantly later than its European neighbours that were quick to launch programs to undo the damage of the 2008 recession.\u00a0<\/span><\/p>\n

With low-risk options costing between one to two million euros, Italy\u2019s golden visa program is significantly more expensive than golden visas offered by the likes of Portugal, Greece, and Spain.\u00a0<\/span><\/p>\n

While other countries do not have a lot of room to lower requirements, Italy can add cheaper low-risk investments to attract foreign investment into its pandemic-hit economy. \u00a0 \u00a0<\/span><\/p>\n

3) Portugal<\/b><\/p>\n

Portugal has been a success story, be it in running a popular golden visa program<\/a> or protecting its citizens from the COVID-19 pandemic. Ranked 25th<\/sup> in the list of nations with most COVID-19 cases, Portugal may be forced to reconsider its decision to introduce major changes to its golden visa program.\u00a0<\/span><\/p>\n

Worried about excessive inflow of foreign capital into real estate in and around Lisbon and Porto, Portugal recently restricted the real-estate investment option of its golden visa program to investments outside these two cities.\u00a0<\/span><\/p>\n

Despite intense protests from wealthy foreign investors, the government stuck to its decision and has announced its implementation from 2021.<\/p>\n

With the pandemic stopping the global economy in its tracks and with hospitality, tourism, and commercial real estate hit the hardest, Portugal\u2019s decision now seems particularly ill-timed.<\/p>\n

4) USA<\/b><\/p>\n

Like Portugal, the US announced a major change to its EB-5 program<\/a>. Unchanged since the program\u2019s introduction in 1990, the minimum investment requirements were increased by 80 per cent to $1.8 million for projects not in targeted employment areas (TEA) and $900,000 for TEA projects.\u00a0<\/span><\/p>\n

The US has been hit hardest by the pandemic, in terms of both human toll and economic damage.\u00a0<\/span><\/p>\n

While the US dollar\u2019s status as the reserve currency for the global economy helps, the government may consider introducing lower investment requirements for investments directed towards the worst-hit sectors of the economy.\u00a0 \u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

1) Caribbean Region The economy of the Caribbean region is heavily dependent on revenue generated by tourism and hospitality sectors, which means the COVID-19 pandemic is definitely bad news for this region.\u00a0 Countries are locked, airlines are shut, and a vacation in the Caribbean is unlikely to be a big priority even after the pandemic…<\/p>\n","protected":false},"author":2,"featured_media":56152,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"footnotes":"","_jetpack_memberships_contains_paid_content":false,"jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[454],"tags":[5589,4002,5587,4036,84,5591,4047,5593],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.investmentimmigration.com\/wp-content\/uploads\/2020\/06\/Coronavirus_319024320-scaled.jpeg","jetpack_shortlink":"https:\/\/wp.me\/p8hnWW-eBE","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts\/56150"}],"collection":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/comments?post=56150"}],"version-history":[{"count":0,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts\/56150\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/media\/56152"}],"wp:attachment":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/media?parent=56150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/categories?post=56150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/tags?post=56150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}