Hungary to restart a program of Golden Visa

2023-11-17
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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.

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4 Caribbean countries signed a Memorandum on setting the minimum threshold to $200,000

Four of five Caribbean countries with CBI programs, namely Antigua and Barbuda, Grenada, Dominica, Saint Kitts & Nevis, signed a memorandum of understanding (MoU) to set the minimum threshold to $200,000 and collaborate on specific aspects.

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What to expect in the Turkish market in 2024

With Turkiye you will have an opportunity to come one step closer to the business and real estate market in Eurasia, that is full of entrepreneurial opportunities and innovative ideas. The country boarders with a great range of countries, thus, suggesting new opportunities to people for efficient entrepreneurship and business development.

What to expect in the Turkish market in 2024
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