"We are not allowing entrance to criminals or money for which we do not know the source," Silva said. "Exceptions can happen but it will be one in 10,000 or two in 10,000 and of course those are the ones that go public."
Yes. A UK visa is not a valid Dubai visa
His office did not immediately reply to a request for comment. Costa has previously said there was no justification to keep the scheme because it had fulfilled the role it had been intended to fulfill, without elaborating.
"As soon as you put a deadline on something, it gets people rushing," Nuri Katz from another advisers, Apex Capital Partners, told Reuters. "There's absolutely nothing as good as a deadline in this business."
The scheme, aimed at non-EU nationals ready to invest in Portugal, has attracted 6.8 billion euros ($7.30 billion) since its launch in 2012, with the bulk of the money going into real estate. Successful applicants are then given residency rights.
LISBON, Dec 11 (Reuters) - Investments through Portugal's "golden visa", which gives wealthy foreigners residence rights, jumped nearly 50% last month, data showed on Sunday, as the government considers whether to scrap the controversial scheme.
LISBON, March 14 (Reuters) - Portugal's plan to end its golden visa scheme for investors, yet to be officially approved, has led to a rush in applications according to advisory firms who have criticized the plan as populist.
If you have any thoughts concerning where by and how to use golden visa portugal, you can get hold of us at the internet site. Vasco Silva, the CEO of Kleya, which helps foreigners move to Portugal, said his company had received many queries about what was going on, adding that some investors had rushed their decision just incase the programme was altered or binned.
Britain scrapped golden visas in February following the Russian invasion of Ukraine amid concerns about the inflow of illicit Russian money. Portugal suspended golden visas for Russians, but 431 had already benefited from the scheme since the time of its launch, according to SEF. ($1 = 0.9497 euros) (Reporting by Catarina Demony; Editing by Crispian Balmer)
The Portuguese branch of anti-corruption group Transparency International (TI) has said the programme could be used for money laundering, while the European Commission has said it considers such schemes a potential security risk.
To apply, non-EU nationals must make a significant investment in Portugal, such as buying real estate. They are then given residency rights and are allowed visa-free travel throughout Europe's Schengen area.
In January, 93 golden visas were issued, a 45% drop compared to December, but the number went up again in February, when 130 were handed out, mainly to Chinese, U.S. and Turkish investors, according to border agency data.
While the data shows a jump in applications, the process can take months so it is not immediately clear whether the numbers are a reflection of the government's announcement, which was first floated in November.
As part of a package to address the housing crisis as rents also soar, Portugal's premier Antonio Costa announced last month the intention to scrap the scheme. The measure is under public consultation until next Friday.
Goncalo Roxo, of Portugal-based Your Property Advisor, said he had warned his clients against trying to speed up the process due to the risk from bureaucratic delays. ($1 = 0.9310 euros) (Reporting by Catarina Demony; Additional reporting by Patricia Rua; Editing by Andrei Khalip and Alison Williams)
Yes. A UK visa is not a valid Dubai visa
His office did not immediately reply to a request for comment. Costa has previously said there was no justification to keep the scheme because it had fulfilled the role it had been intended to fulfill, without elaborating.
"As soon as you put a deadline on something, it gets people rushing," Nuri Katz from another advisers, Apex Capital Partners, told Reuters. "There's absolutely nothing as good as a deadline in this business."
The scheme, aimed at non-EU nationals ready to invest in Portugal, has attracted 6.8 billion euros ($7.30 billion) since its launch in 2012, with the bulk of the money going into real estate. Successful applicants are then given residency rights.
LISBON, Dec 11 (Reuters) - Investments through Portugal's "golden visa", which gives wealthy foreigners residence rights, jumped nearly 50% last month, data showed on Sunday, as the government considers whether to scrap the controversial scheme.
LISBON, March 14 (Reuters) - Portugal's plan to end its golden visa scheme for investors, yet to be officially approved, has led to a rush in applications according to advisory firms who have criticized the plan as populist.
If you have any thoughts concerning where by and how to use golden visa portugal, you can get hold of us at the internet site. Vasco Silva, the CEO of Kleya, which helps foreigners move to Portugal, said his company had received many queries about what was going on, adding that some investors had rushed their decision just incase the programme was altered or binned.
Britain scrapped golden visas in February following the Russian invasion of Ukraine amid concerns about the inflow of illicit Russian money. Portugal suspended golden visas for Russians, but 431 had already benefited from the scheme since the time of its launch, according to SEF. ($1 = 0.9497 euros) (Reporting by Catarina Demony; Editing by Crispian Balmer)
The Portuguese branch of anti-corruption group Transparency International (TI) has said the programme could be used for money laundering, while the European Commission has said it considers such schemes a potential security risk.
To apply, non-EU nationals must make a significant investment in Portugal, such as buying real estate. They are then given residency rights and are allowed visa-free travel throughout Europe's Schengen area.
In January, 93 golden visas were issued, a 45% drop compared to December, but the number went up again in February, when 130 were handed out, mainly to Chinese, U.S. and Turkish investors, according to border agency data.
While the data shows a jump in applications, the process can take months so it is not immediately clear whether the numbers are a reflection of the government's announcement, which was first floated in November.
As part of a package to address the housing crisis as rents also soar, Portugal's premier Antonio Costa announced last month the intention to scrap the scheme. The measure is under public consultation until next Friday.
Goncalo Roxo, of Portugal-based Your Property Advisor, said he had warned his clients against trying to speed up the process due to the risk from bureaucratic delays. ($1 = 0.9310 euros) (Reporting by Catarina Demony; Additional reporting by Patricia Rua; Editing by Andrei Khalip and Alison Williams)
