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Reply to "Golden Visas: Anyone been through or going through the process in Italy, Portugal or Spain?"
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[quote=Anonymous]Perhaps you already discovered this but most countries in Europe will be ending the Golden Visa program due to the negative impact on the local economy. They had hoped to stimulate economy with foreign investments but all these golden visas did was bring wealthy retirees who had no intention of building businesses, staying full time or contributing to society. It also created a huge strain on the housing market. Portugal has already axed the program. I have a friend who is currently in litigation due to the lengthy wait periods for those whose cases were pending when program ended. Spain is likely poised to end the program in Jan 2025. Italy will likely be next. There are other types of non-immigrant visas, of course, but the $500K Euro purchase of a property will not continue. Contact a reputable atty in Spain or Italy to guide you on this. [/quote]
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