The government has extended the deadline of amendments, initially set for July 2021, which were due to make some changes to the qualifying criteria for the golden visa the residence in Portugal through investment, to 1 January 2022

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In a jaw-dropping development, Portugal real estate market shows 12 per cent rise in 2020 despite 7.6 percent economic contraction in the country due to COVID-19 restrictions.

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The President of Cyprus, Nicos Anastasiades, has said that Cyprus will not be replacing its citizenship by investment program – but other incentives would be offered for investment.

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A new residence and visa program which will be introduced in the coming months is aimed at attracting more investors to Malta while maintaining current high due diligence standards, Parliamentary Secretary Alex Muscat told parliament on Tuesday, February 9th, 2021.

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Many business people,senior managers,entrepreneurs,students and families are tired of applying for United Kingdom (UK) or Schengen visas and sick of waiting in long lines at visa application centers or being interrogated like a criminal in front of visa unit,while some may quit and modify their travel itineraries to other countries. But such ordeal may come to an end through buying a residency and / or citizenship (passport) in another country by investing in a property or government fund.

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The Citizenship by Investment (CBI) industry has seen a number of dramatic changes to investment migration and citizenship programs during the year 2017 and 2018 On May 21 2018,the council of Cyprus ministers approved some changes to the citizenship-through-investment program,which has already attracted over €4.8 billion of direct investment into the Cypriot economy — up until 2016.'The Cyprus government has tightened vetting procedures in a program that grants Cypriot citizenship to investors'

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Many European countries have introduced a 'Golden Visa' program, offering permanent residency in exchange for real estate investments . The Golden Visas are intended to be a magnet for foreign investments and arouse the property market and economy. The Golden Visas programs primarily target Middle Eastern , Chinese and Russian investors, and also investors from South Africa , Brazil , Turkey and Vietnam.

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