News | Migronis (2024)

I'm an expert in global investment migration and citizenship-by-investment programs, with a deep understanding of the intricate details and evolving landscape of these programs worldwide. My expertise is grounded in comprehensive research, continuous monitoring of legislative changes, and a keen eye on global news related to citizenship and residency initiatives.

Now, let's delve into the information provided in the article snippets:

1. New Portugal's Golden Visa Rules Took Effect on October 7, 2023:

   • The article highlights that investors can no longer apply through the real estate investment route in Portugal. This change is a significant departure from the previous system, reflecting a shift in the country's approach to its Golden Visa program.

2. Portugal to End Non-Habitual Resident Tax Regime in 2024:

   • Portugal is set to terminate the Non-Habitual Resident Tax Regime in 2024. Individuals who already have this status will retain it. This development suggests a broader reevaluation of Portugal's taxation policies and incentives for non-resident individuals.

3. Netherlands Ended Investor Visa Program:

   • The Netherlands has concluded its Investor Visa Program, and only ten investors successfully obtained Dutch residency through this program over the past decade. This cessation could be influenced by various factors, such as program effectiveness, policy changes, or a reassessment of the country's immigration strategy.

4. Portuguese President Enacts Changes to Golden Visa Program:

   • Portugal's Golden Visa Program underwent changes, and the option to qualify through real estate investments is no longer available in any form. This indicates a deliberate effort to reshape the program, possibly to address certain concerns or align with the country's economic and immigration goals.

5. Andorra Temporarily Bans Foreigners from Real Estate Purchases:

   • Andorra has implemented a temporary ban on foreigners from purchasing real estate. The ban will persist until a future tax on foreign property investments is introduced. This move suggests a measure to control or regulate foreign property ownership within the country.

6. Indonesia Unveils Golden Visa Program:

   • Indonesia has introduced a Golden Visa Program with a minimum investment of $350,000 in shares of public companies. This initiative aims to attract foreign investors and capital into the country, particularly in the stock market.

7. The Czech Republic Launched a Digital Nomad Visa:

   • The Czech Republic has initiated a Digital Nomad Visa, making citizens of eight countries, including the UK and the USA, eligible. This visa is targeted at individuals working in IT or STEM fields, showcasing the country's effort to attract skilled professionals and embrace the growing trend of digital nomadism.

8. Portugal's President Postpones Golden Visa Changes:

   • Portugal's President Marcelo Rebelo de Sousa has postponed changes to the Golden Visa Program, sending the "Mais Habitação" bill back to Parliament. This decision indicates a dynamic and evolving legislative process, with policymakers revisiting proposed changes.

9. Golden Visa for Bali Set to Launch by the End of the Year:

   • Indonesia is gearing up to launch a Golden Visa for Bali, focusing on attracting investors in the technology, healthcare, and research sectors. This move reflects Indonesia's strategic efforts to leverage its natural beauty and emerging sectors for economic development.

10. UK Revokes Visa-Free Travel for Dominica and Vanuatu Citizens:

    • The UK has revoked visa-free travel for citizens of Dominica and Vanuatu, citing abuse of the Commonwealth of Dominica's Citizenship by Investment Program (CIP). In response, Dominica has already revoked several granted citizenships, highlighting the interconnectedness of global immigration policies.

11. St Kitts CIP Doubles Minimum Investments Requirements:

    • St Kitts and Nevis have doubled the minimum investment requirements for their Citizenship by Investment Program (CIP). These changes align with media reports about new EU guidelines, indicating a potential response to international standards and regulations.

12. EU Reportedly Introduces Guidelines to CIPs:

    • The European Union has reportedly introduced guidelines applicable to all countries offering citizenship by investment options. These guidelines signal a concerted effort to regulate and standardize citizenship-by-investment programs across EU member states and potentially influence global practices.

In summary, these snippets reflect the dynamic nature of global investment migration, with countries adapting their citizenship and residency programs to economic, political, and regulatory changes. The developments range from the revision of Golden Visa programs to the introduction of new visas, tax regime adjustments, and the influence of international guidelines on citizenship-by-investment programs.