About  the canceled Portugal Golden Visa

The Portuguese government, through its Prime Minister Antonio Costa, announced on February 16, 2023 during a press conference, the abolition of the Golden Visa programme. As one of the other package of decisions to solve the deteriorating housing situation. And high real estate prices in the country.
The Golden Visa program is closely linked to the real estate market in Portugal. Investors are allowed to obtain residency and passport in Portugal through investment, especially real estate investment. This program, in turn, led to a rise in housing prices and rents in the country, according to analysts.
First, Ireland canceled the Golden Visa program due to the housing crisis and introduced it to stimulate investment at a time when the country was going through economic hardship. Then Portugal closed the curtain on this program 10 years after its introduction.
In the same week, the Spanish left-wing political leader of the Mas País party introduced a bill to the Spanish Congress to cancel the Spanish Golden Visa program on the grounds of high housing prices. But things are still the same until now.

• Canceled Portugal Golden Visa reasons

Most people think is that Portugal canceled this program because of the high housing prices, which is not true. The main reason for its cancellation is real estate speculation. And
The other reason is the fear of the risks of tax evasion and money laundering.
As the percentage of real estate in Portugal increased by 37% just in 2022. The Portuguese President explained that the housing problem affects all people of all classes, not just the needy class.

Where the abolition of the Portugal Golden Visa did not happen suddenly. But after several adjustments over the past three years. And in 2021, Portugal canceled real estate permits and excluded the purchase of real estate in the capital, Lisbon, and other major cities.
The Portuguese Golden Visa Program was designed to restore the economic situation and address the housing crisis in the country after the economic crisis in Europe in general and Portugal in particular in 2011. After the bailout plan issued by the European Union and the International Monetary Fund.
In the years since the establishment of the Portuguese Visa Program, Portugal has collected revenues estimated at around €6.5 billion from this programme.

Any exceptions to the canceled Portugal Golden Visa Program?

As we mentioned, Spain looks like Portugal a lot. As of now, it is not clear if the revocation will only be for the real estate investment option, or if it will include all options. And final decision not has been taken in this regard yet. Where the Portuguese Prime Minister submitted the abolition file to Parliament. For approval in mid-March.
The President stated that people who already have a golden visa can renew their residency without any problem. Provided that the property is for personal ownership or a long-term lease.
In addition to canceling the golden visa, Portugal introduced a package of other decisions to overcome the obstacles that limit this problem. The most important of which is to expedite and facilitate the granting of real estate licenses. and encourage long-term rentals by lowering their taxes. Restrictions on increasing rents in new contracts. Encouraging homeowners to sell the property they do not need to the state, and in return, waive the capital tax for them.

• Best alternatives to the canceled Portugal Golden Visa

• Spain

If there is a program like Portugal Golden Visa, it is the Spain Visa Program. Which has an integrated program similar to the Portuguese Golden Visa.
The biggest advantage that makes a person hurry and choose Spain as a destination for the Golden Visa program is that Spain is also subject to possible cancellation after a possible period, this is the best alternatives to the canceled Portugal Golden Visa right now.
Because the leftist political leader of the party, Mas País, submitted signatures to cancel the golden visa for Spain. Which can be applied months from now. This means that now is the best time to apply for a unique and comprehensive, Portuguese visa program alternative.
We also mentioned that when the file is submitted and the initial approval is obtained from the government, the Spanish government does not have the right to cancel any previously submitted file. As with the similar program in Portugal, the program was canceled but investors who had already received approval were retained.

Dominica passport by investment

With Dominica citizenship by investment, you will get a passport with which you can enter 140 countries without a visa by buying shares in luxury resorts, through which you will earn a refundable investment within 5 years of the same value with high annual benefits and free accommodation in these resorts and Above all, you will get a strong permanent passport for you and all your family members.

The words may seem like an exaggeration for a moment, but Dominica citizenship is legal. The citizenship system was established there in 1993 and is very popular all over the world. The investor can also invest in real estate, rent the property in which he invested, and then resell it after the expiration of the legal period of 5 years.

The Dominica Citizenship Program does not impose a residency requirement after or before obtaining citizenship. A person will be able to obtain Dominica citizenship within weeks by mailing it to the investor’s home addresses after attending the personal interview.

With this, you have obtained a passport without residency at all. It is one of the very few countries that provides such easy and quick services for obtaining Caribbean citizenship.

Nature Island

Dominica is home to some rare flora and fauna, with hot springs, plentiful waterfalls and rainforests, with the second largest active sparkling lake in the world. For all these reasons, Dominica is called the Island of Nature!

In order not to confuse Dominica with the Dominican Republic, we can say that the Dominican Republic is located next to Haiti and its people speak Spanish. While Dominica is located within the Greater Antilles in the Caribbean islands near Puerto Rico, its population speaks English.

The requirements for obtaining Dominican citizenship are very simple, and include: that the person does not have any criminal records, along with proof that the source of the funds used in the investment is clean, and that the state of health is proven by a medical certificate.

Family members who can be added to the citizenship file and the investment methods through which an individual can obtain citizenship will be mentioned in detail below.

Dominica citizenship by investment power

• Possibility to obtain a legally secured passport from a country of natural beauty within 6 months with a non-refundable investment of $200,000.

• The country’s official language is English, with friendly citizens. And the ease to obtain the social security and a driver’s license.

• Dominica citizenship is granted for life with the possibility of being passed on to all future descendants and all current family members.
• Without performing military service, enjoying privacy, freedom of expression and opinion, and forming trade unions with the highest levels of protection from a country with a very low crime rate.
• The ability to enter 145 countries without a visa, which includes China, Singapore, Hong Kong, and all Schengen countries and other countries.
• Ease of obtaining a 10-year work visa for the United States of America and a travel visa for Canada. 
• Citizens of Dominica can live and work permanently without a permit in any of the OECS countries of which Dominica is a member, including: Grenada, Saint Vincent and the Grenadines, and others.
• Dominica citizens can live and work permanently without a permit in any of the Dominica Caribbean Union, which includes 20 countries in the West Indies.
• As with other citizenship programs in other Caribbean countries. Dominica does not require you to cancel your first passport. Your file and your Dominican passport will also be kept strictly confidential.
• The Dominica Citizenship by Investment Program does not require any residency or examination in order to obtain its citizenship.
• Government agencies in Dominica provide investors with many packages suitable for families and individuals, to choose between them in the way that suits the investor, after consulting with an accredited office.

Dominica citizenship by investment for businessmen

• Domestic and foreign wealth and trade can be preserved and regulated by being able to pass the relaxed European tax regimes and completely tax-exempt Dominica regimes.

• Opening international bank accounts and most importantly opening companies in Europe and all the countries of the Caribbean Union.
• No restrictions on transfers with duty-free trade in the Caribbean.
• Dominica is one of the very few countries that allows its citizens to enter China without a visa, and this greatly benefits all people who have business relations with China.
• Dominica citizenship allows you to enter 145 countries without a visa, thus eliminating the burden of waiting for visas and the possibility of visa rejection.
• Among the countries that Dominica allows you to enter without a visa are China, all Schengen countries, Singapore, Ireland, Switzerland, Germany, Italy and many more reputable countries.

Dependents in Dominica citizenship by investment

• The spouse of the main applicant can be added.

• Under-18-year-old offspring of the primary applicant or of his or her spouse may be added.
• Children between the ages of 18 and 30, who are enrolled in an accredited institution of higher education and are dependents of the main applicant or the spouse of the main applicant.
• An unmarried daughter of the main applicant or the spouse of the main applicant under the age of 25, who is wholly dependent on the main applicant or the spouse of the main applicant.
• Children of the main applicant or children of the spouse over the age of 18 who have mental or physical problems and who are completely dependent on the main applicant can be added.
• Parents and/or grandparents of the main applicant and/or spouses of the main applicant over the age of 65 who are dependents of either the main applicant or the spouse of the main applicant.

Methods to obtain Saint Kitts and Nevis citizenship