Irish Golden Visa program closed

[JohnnyDoe]

Ireland's 'golden visas' programme to be scrapped

Applications will no longer be accepted under the programme from Wednesday.

www.bbc.co.uk

 

[wellington]

Being British, we can just move there and generally have someone in the family for a link to get citizenship via.

 

[JohnnyDoe]

Being British, we can just move there and generally have someone in the family for a link to get citizenship via.

Sure, and if you are a broke EU citizen you can go there and enjoy social welfare. But if you are a wealthy Chinese or Russian you are no longer welcome to bring money into the country

 

[Alonzo]

2 days later, Portugal follows Ireland

Portugal ends Golden Visas, curtails Airbnb rentals to address housing crisis

Portugal announced on Thursday a hefty package of measures to tackle a housing crisis, including the end of its controversial "Golden Visa" scheme and a ban on new licenses for Airbnbs and other short-term holiday rentals.

www.reuters.com

 

[JohnnyDoe]

2 days later, Portugal follows Ireland

Portugal ends Golden Visas, curtails Airbnb rentals to address housing crisis

Portugal announced on Thursday a hefty package of measures to tackle a housing crisis, including the end of its controversial "Golden Visa" scheme and a ban on new licenses for Airbnbs and other short-term holiday rentals.

www.reuters.com

Ursula orders and her subjects obey.

 

[manukahoney]

Brutal. Socialist states in all their "beauty" - "let's all be poor and hate the rich foreigners".
Wondering if or when the Cyprus will be pushed to the limit - they already scrapped the passport program, will the golden visa follow?

 

[RealDude]

Brutal. Socialist states in all their "beauty" - "let's all be poor and hate the rich foreigners".
Wondering if or when the Cyprus will be pushed to the limit - they already scrapped the passport program, will the golden visa follow?

For sure!

 

[rkadius]

Spain may be next:

Legislative Proposal Seeks to Remove Real Estate Option for Spain's Golden Visa - Investment Migration Insider

Más País proposes a reform that "guarantees an effect on the real economy without distorting the real estate market in Spain."

www.imidaily.com

 

[backpacker]

All of this makes sense. It cannot be that housing goes to some dubioulsly rich Chinese while locals have to suffer.
Portugals' program was born during the Euro crisis. This crisis is no longer and PT is doing fine. Moreover, the overall contribution to the countries' economy is minimal since most of these rich golden visa holders do not pay taxes in PT.

Rest assured, the remaining programs in Europe will all be closed in the not so distant future. They do not make sense anymore.
Interestingly, even countries like Turkey and the Philippines are tightening on these programs.

 

[manukahoney]

Spain may be next:

I actually doubt it, but time will tell. Unlike Portugal and Ireland, Spain has no tax incentives for newcomers with money. So unless they want to completely ruin the economics of Costas - they will keep the "golden visa" and keep milking British and other non-eu guys.

 

[RealDude]

I actually doubt it, but time will tell. Unlike Portugal and Ireland, Spain has no tax incentives for newcomers with money. So unless they want to completely ruin the economics of Costas - they will keep the "golden visa" and keep milking British and other non-eu guys.

An impoverished Englishman can be milked?

 

[manukahoney]

An impoverished Englishman can be milked?

Comparing to the locals - yes, they have relatively big amounts of cash (usually retirement money) to splurge around.

 

[uplana]

But if you are a wealthy Chinese or Russian you are no longer welcome to bring money into the country

does it surprise you after all?