Golden Visas Are Closing! Get In Before It's Too Late | Summary and Q&A

TL;DR

European countries are imposing restrictions on wealth and movement, with Spain and Portugal removing their golden visa programs. Greece is currently the best option, allowing property investment for a golden visa with a lower price point and fewer renewal requirements.

Key Insights

• 🏤 European countries are imposing restrictions on their golden visa programs to control the movement of wealth and specific nationalities.
• 😘 Greece currently offers the best option for a golden visa, with a lower investment requirement and longer visa duration compared to other European countries.
• 😀 Caribbean citizenship by investment programs may face more regulations and restrictions due to potential security threats and illegal practices.
• 🌍 Alternative options for a second passport include countries in Latin America and Eastern Europe, which offer residency and citizenship without the constant conflicts with the EU.

Transcript

it's official Spain has removed their golden Visa by property investment a couple of months ago Portugal removed their real estate golden Visa Greece is increasing prices Europe in general is restricting movement of wealth we are seeing restrictions on Caribbean citizenship by investment countries they now have raised the minimum amount to $200,000... Read More

Questions & Answers

Q: Why are European countries removing their golden visa programs?

European countries claim they are imposing these restrictions to control property prices and prevent foreign investors from dominating the local market. However, the underlying motive may be to control the influx of wealth and specific nationalities.

Q: What are the advantages of Greece's golden visa program?

Greece offers a lower investment requirement compared to other European countries. The visa duration is longer, renewals are less frequent, and there is a possibility of applying for citizenship after seven years.

Q: Is Hungary a good option for a golden visa?

Hungary may not be the best option due to its proximity to Ukraine and Russia. It is difficult to obtain citizenship unless one marries a Hungarian or spends a significant amount of time in the country and learns the language.

Q: Are Caribbean citizenship by investment programs reliable?

Caribbean citizenship programs that offer special price discounts should be approached with caution. There is a risk of citizenship being revoked when the EU conducts due diligence if the process is deemed illegal or poses a security threat.

Summary & Key Takeaways

• Spain and Portugal have removed their golden visa programs, while Greece is increasing prices and imposing more regulations.

• Caribbean countries have raised the minimum investment amount for citizenship by investment, and some countries may be removed from the program.

• Greece currently offers the best option for a golden visa, with a lower investment requirement, longer visa duration, and the possibility of applying for citizenship after seven years.