Under new conditions, those investing not less than €250,000 in national property funds or €500,000 into real estate will be able to apply for a renewable residency permit for a period of 10 years. In addition, it is planned to be provided for those who will invest minimally €1 million in the so-called public trusts. They were created by Hungarian government in order to ensure university activities.
It's worth mentioning that the former program was closed in 2017 amid a corruption scandal. At that time, a residence permit, along with the opportunity to freely move around the EU were provided for the purchase of government bonds amounting to €300,000. This resulted in an immigrant growth coming from Russia and China. Ultimately, the program was closed after a wave of media publications.
The decision on the new program is expected in early or mid-December. It is unclear when it will come into force, whether directly after it's been adopted, or later. Obviously, the government will need time to develop new legal parameters.
From June 1, 2025 Uzbekistan will launch a “golden visa” program - residence permit for $250,000 without mandatory purchase of real estate. Investors will receive a residence permit for 5 years with the possibility to include family members (additional payment of $150,000 per person).
Russia and Oman have abolished visas for short-term travel! It is now possible to stay in the country for up to 30 days without a visa, but not more than 90 days per year. The agreement will enter into force 30 days after formal procedures.
One World Migration is pleased to announce that it has received an official license to operate the Nauru Economic and Climate Resilience Citizenship program.
