{"id":1156656,"date":"2023-02-18T04:13:36","date_gmt":"2023-02-18T09:13:36","guid":{"rendered":"https:\/\/bugaluu.com\/news\/heres-where-you-can-still-buy-residence-permits\/1156656\/"},"modified":"2023-02-18T04:13:36","modified_gmt":"2023-02-18T09:13:36","slug":"heres-where-you-can-still-buy-residence-permits","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/heres-where-you-can-still-buy-residence-permits\/1156656\/","title":{"rendered":"Here’s Where You Can (Still) Buy Residence Permits"},"content":{"rendered":"
\"Infographic:<\/a><\/div>\n

Here’s Where You Can (Still) Buy Residence Permits<\/span><\/p>\n

\n

There are several ways to obtain the citizenship<\/strong> of a country.<\/p>\n

As well as simply being born there or being the descendant of one of its citizens, nations allow permits through marriage, adoption or naturalization – the latter of which is based on an application-related executive decision. Until the outbreak of the\u00a0Ukraine war<\/a>, additional “citizenship by investment” (CBI) programs were also offered in the three EU member states of Cyprus, Malta and Bulgaria. <\/strong><\/p>\n

As Statista’s Anna Fleck and Florian Zandt note<\/a>, these are more commonly known as “golden passports.”<\/strong><\/p>\n

By investing a certain amount of money, it becomes possible to obtain citizenship without the bureaucratic hurdles.<\/p>\n

Bulgaria and Cyprus have now abolished this method of granting citizenship, while Malta refuses to grant such passports specifically to Russians and Belarusians. <\/strong><\/p>\n

However, “Golden visas”, i.e. residence permits granted in exchange for investments in the economy, still exist in several other EU countries, as the chart below shows.<\/p>\n<\/p>\n

You will find more infographics at Statista<\/a><\/em><\/p>\n

Especially in Southern Europe, so-called “residency by investment” (RBI) programs are fairly common.<\/strong> While this practice was recently abolished in Portugal and Ireland, Spain, Greece, Cyprus and Malta, among others, still grant residency rights in exchange for economic investments. According to a 2019 study by the EU Commission, more than 130,000 people were either naturalized or granted residence rights under CBI and RBI between 2011 and 2019, which had generated a conservatively estimated total revenue of \u20ac21.4 billion for the countries.<\/p>\n

Both practices have come under fire from officials.<\/strong><\/p>\n

As early as 2014, the EU spoke out against such programs, arguing, among other things, that they run counter to anti-discrimination requirements and could potentially encourage\u00a0corruption<\/a>\u00a0and money laundering. In Portugal, for example, the RBI program, which has now been abolished, is considered to have fueled the real estate crisis.<\/p>\n

Worldwide, the first CBI programs were launched in the 1980s on a few Caribbean islands, and some of them are still active there today. <\/strong>European non-EU countries that offer CBI include Montenegro and Turkey.<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nSat, 02\/18\/2023 – 08:45<\/span><\/p>\n

From:Zerohedge<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Here’s Where You Can (Still) Buy Residence Permits There are several ways to obtain the citizenship of a country. As well as simply being born…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1156656","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1156656","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1156656"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1156656\/revisions"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1156656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1156656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1156656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}