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Golden Visa

Former Google CEO Reportedly Granted Cypriot Citizenship

Former Google CEO Eric Schmidt and his family have now become citizens of the island nation of Cyprus, according to Cypriot and foreign media reports. The former software magnate and CEO, who is now worth a cool $19.2 billion as of...

Speaker of Cyprus Assembly Resigns Over Golden Visa Scandal

The Speaker of the House of Representatives in Cyprus, Demetris Syllouris, resigned on Thursday following corruption allegations implicating him and other officials in the selling of passports to convicted felons. Political parties demanded his resignation after he and another lawmaker,...

Cypriots Furious Over Allegations of Corruption

Hundreds of people gathered in Nicosia on Wednesday to protest the alleged widespread corruption among politicians and lawyers surrounding the Golden Visa program. Politicians, including the president of the Cyprus Assembly, are under pressure to resign following the Al Jazeera...

Cyprus Suspends Golden Visa Program Due to Corruption Allegations

The nation of Cyprus has abruptly stopped the issuance of Golden Visas after a press report  and video showed alleged corruption in the process, in which foreigners were welcomed to pay for a visa allowing them residence in the...

Coronavirus Measures Hinder Chinese Investors on 'Golden Visa' Program

More than 120 families of Chinese "Golden Visa" investors and another 100 prospective buyers are not allowed to enter Greece due to the coronavirus preventive measures. The "Golden Visa" program allows a foreign, non-EU individual or family to become residents...

Chinese Surge for Greece's Golden Visa Expected Post-Covid Restrictions

The coronavirus pandemic has caused a significant drop in the number of Golden Visas awarded by Greece to Chinese citizens, says a report released on Wednesday by Juwai IQI, a holding company comprised of two Asian real estate super-brands. The...

Demand for Greek Real Estate from Chinese Investors Peaks Despite Coronavirus

Chinese investors' demand for Greek real estate continues to be strong and has actually peaked during the coronavirus crisis, as Greece is considered to be safer than other countries in this regard due to its low infection rate. A study of...

Chinese Investors Rush to Greece for Golden Visa

The Chinese are setting records for the number of so-called "Golden Visas," or investment visas, they are obtaining in Greece, according to statistics released recently by the Greek government. Chinese investors account for an amazing 68 percent of all Greek...

Greece Sets New, Higher Investment Criteria for Golden Visa Program

Greece launched a new set of criteria on Thursday for offering a Golden Visa to foreign citizens, setting out procedures for the granting of a five-year entrance and residence permit in Greece to non-EU nationals. More specifically, in order to...

Cyprus Revokes "Golden Passports" From 26 Wealthy Foreign Investors

The Cyprus government says it will revoke the "Golden Passports" that once were purchased by 26 wealthy foreign investors and family members from outside the EU. The measures follow an outcry over media reports that Malaysian businessman Jho Low had...