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DSG – in the pipeline

Tag Archives: european comission

Only 2% of Golden Visa applications rejected in over 6 years

09 Saturday Mar 2019

Posted by Ursula in Posts

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approved, eu, european comission, golden visa, money laundering, parliament, portugal

Since inception, more than 19,000 new “golden” residents have been approved for Golden Visas in Portugal. Only 387 (2 out of every 100 applications) were turned down despite warnings from the UN and the European Commission. Allegations abound that these Portuguese entry visas facilitate money laundering and tax evasion as well as jeopardize the security of the EU. The European Parliament will vote on a proposal to abolish such schemes throughout the member states.

Golden Visas: Lisbon defiant

09 Saturday Mar 2019

Posted by Ursula in Posts

≈ Comments Off on Golden Visas: Lisbon defiant

Tags

european comission, golden visa, high net worth, investors, lisbon, parliamant, portugal

While the European Commission (EC) defends the end of “Golden Visas”, Portugal contends that the programme will go on. In recent years, the scheme has served as a gateway for millions of euros into the national real estate market in exchange for permanent residency visas for high net worth foreign investors. In light of the controversy, the government has announced plans to alter legislation to improve transparency as called for by the European Parliament.

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