Investor’s opportunity in a market decline: Sell now except if you are heavily overweight momentum stocks Trump’s “gold card” announcement
Investor takeaway from market decline: Sell now unless you’re heavily overweight momentum stocks US President Donald Trump announced on Tuesday (25 February) a new “Gold Card” pathway for foreign investors who want to come to the US permanently and eventually become citizens.
People would get Green Card privileges, and it would cost about $5 million. Trump said "wealthy people would be coming into our country by buying this card. "
More than 100 countries have them, so charging well-to-do people for an accelerated path to citizenship is nothing new. Why have they sometimes been criticized, and what’s the rationale?
There is usually a minimum educational requirement and you will need an offer letter from a company to work there. This process can take years and get boring.
On the other hand, golden visas are based mainly on an individual’s ability to pay a lot of money to the host country, as the name implies. This can be done through real estate, government bonds, and other investments.
But as the name suggests, golden visas are based primarily on a person’s ability to make a sizeable contribution to the host nation. That can be through real estate, government bonds, and other investments.
Henley & Partners (H&P), a global firm working in residence and citizenship by investment, says on its website: “In its most basic form, golden visa acquisition, commonly associated with residence by investment, refers to the process whereby qualified, vetted candidates are granted residence rights in exchange for a defined economic contribution to the host country. ”
A similar option is citizenship by investment (sometimes called a "golden passport"), which confers full citizenship rights on similar grounds, but fewer countries offer these.
Which nations have made golden visas available?
More than 100 countries are said by H&P to have introduced golden visa laws, including Australia, Canada, Italy and the UK, as well as more than 60% of EU members, including Portugal, Spain, Greece and Malta.
But these programs have become more popular in recent years, according to a 2022 report by the University of Oxford and the Centre on Migration, Policy, and Society. “With a donation of $100, 000, you can get a second passport in one of the many Caribbean countries, and buying a second residence in the Mediterranean is enough to gain.
"These programmes have become more common in recent years, " said a 2022 report by the University of Oxford and the Centre on Migration, Policy, and Society. "You can buy a second passport in a number of Caribbean countries for $100, 000, and buy a second Mediterranean home in order to get residency in a number of EU member states,
Hotel and resort construction or renovation – The largest component of the tourism economies in the Caribbean, a popular location for such investments, are hotels and resorts. Some of the region’s best-known eco-resorts have received financing in this way, the report says.
Some countries have sought to tighten rules and scrutinize applications more closely. The UK scrapped the Tier 1 Investor visa for high net worth individuals in 2022 amid concerns about illegal Russian money flowing into the country at a time of increased tensions with Russia over the conflict in Ukraine. A clean criminal record certificate and a document proving there are no criminal proceedings pending or ongoing against the applicant are required by law in Bulgaria, the European Commission report said.
Another big issue in Europe is that the programs have been watered down in an effort to give more preference to locals as housing costs rise. A recent Bloomberg report said Malta, Greece, the Netherlands and Ireland have tightened or scrapped their golden visa or similar policies. Spain also said last year it would.
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