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Spain to Eliminate Real Estate Linked Golden Visas
The Spanish government is pushing for scrapping of golden visa program which allows foreigners buying real estate to secure a golden visa in Spain. Since the law was passed in 2013, about 14,576 golden visas linked to real estate investments have been granted, mostly to citizens from China, Russia, the United Kingdom, the United States,…
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Hungary Opens Golden Visa for Property Buyers from Jan 1, 2025
Hungary has announced big changes to the golden visa program for foreign property buyers, investing in Hungary. According to the new rules, only properties worth atleast 500,000 euros bought AFTER Jan 1, 2025 will be eligible for golden visa residence permit in Hungary. Start Date The Hungary golden visa program, although officially starts from July…
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FATCA compliant banks in Portugal
IRS frequently publishes list of banks and financial institutions in Portugal, with a Global Intermediary Identification Number (GIIN), in accordance with FATCA regulations. The following banks are FATCA compliant, for golden visa purpose, might be use for americans and expats investing in Portugal. Top Banks in Portugal The following are the popular banks among foreigners…
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Effective 5 April 2022, Bulgaria terminates CBI Program
Bulgarian Government has moved to scrap its citizenship by investment program(CBI) granting golden passports to international investors amidst EU pressure to ban golden passports and to further pursue its schengen and US visa waiver ambitions. On 24 March 2022, the Bulgarian Parliament approved an amendment to the Bulgarian Citizenship Act, which aims to end the…
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Changes to Bulgaria Golden Visa
The Bulgarian Immigrant Investor Programme started in 2005 when article 25(1), § 6 of the Foreigners Act was amended to allow the granting of permanent residency in Bulgaria to foreigners who invested more than 1 million Bulgarian leva (BGN) (about US$561,000 in 2005) in the Bulgarian economy by purchasing Bulgarian government bonds or shares of a publicly…
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Bulgaria removes Govt Bonds for Citizenship by investment
Bulgaria has made important modifications to the investor citizenship scheme in 2021. The Amendments to the Bulgarian Citizenship Act was approved on 16th of February 2021 and now published in the gazette. We have good news and bad news for you. Let’s start with Good news. The Good news is Bulgaria investor citizenship scheme will…
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How to get Bulgarian citizenship for €200,000?
Bulgaria is one citizenship program that no one talks about. Many foreign investors dont even know the extended benefits of the scheme as it is not promoted or marketed unlike Malta or Cyprus. The Bulgarian investor citizenship program introduced in 2005 is a ‘hidden gem’ in Europe. Amendments were made to the citizenship legislation in…
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FAQs on Bulgaria Citizenship Program
What is happening with Bulgaria investor citizenship scheme in 2020? A lot of confusion remains with the Bulgarian citizenship by investment program (BCBI) open or not in 2020. Here are some latest updates. Please find answers for some of the important questions below provided by the Bulgarian lawyer we work with. Is Bulgaria citizenship scheme…
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Why Bulgaria is the cheapest EU citizen by investment program?
Bulgaria really has the cheapest EU citizenship by investment program. How is this even possible? The trick is to finance €1m bonds issued by Government. You can become EU citizen by investment taking advantage of Bulgaria, because Bulgaria is already full EU member state and a candidate to join schengen area in the future. So…
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What you should know about Bulgaria citizenship by investment?
Bulgaria is a super interesting country to become a citizen by investment. Considering Bulgaria is a EU member state and likely to join schengen area in the future, things get more interesting in Bulgaria. So what you should know about Bulgaria citizenship by investment (BCBI)? Bulgaria has low corporate taxes, easy business formations, low cost…
Golden Visa
Golden Visa (GV) programs grant residency rights to investors and their families in exchange for a qualifying investment such as real estate, business, bank deposit or investment funds/ bonds. These programs offer a pathway to permanent residency or citizenship, along with added benefits like visa-free travel, tax advantages, and access to education and healthcare in the host country.