Thursday, March 13, 2014

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What is gold visa? | Bankar.me.
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Mediterranean beaches were once sufficient bait to arrive in southern Europe, however, the crisis that has engulfed formal letter the region strongly, the two countries of the Iberian Peninsula are trying to help with foreign financial injections recover the real estate market collapsed. formal letter
This incentive measure and falling real estate prices and bring the first results of recovery in the market of three million empty houses on the Iberian polustrvu. In China and Russia are advertised real estate ranging from 80,000 euros for the apartment and up to 15 million euros for the villa. The Portuguese government has issued 318 "European gold visas" since a year ago began a program which has attracted 200 million, mostly in real estate, and by the end of the year he hopes that it will be 300 million. The tourist resort in the Algarve Pine Cliffs apartments costing 780,000 euros and villas and more than 4.5 million. Spain, where the real estate market flourished before the crisis in 2008, introduced a similar measure in September. "They are most attractive areas around Barcelona and resorts such as Marbella," says Christian de Milas of Estate, which points out that the few customers who pay above the prescribed limit. Greece is a similar measure introduced this year and offers a visa for property purchase of at least 250,000 euros. Malta foreigners formal letter who invest 650,000 euros recently offered citizenship, which allows them to go to the visa-free Schengen countries and the United States. Most of the buyers from China and Russia and therefore are for sale listings of houses and signs for tourist attractions formal letter in Spain and written Russian and Chinese language. In Portugal, foreign investors have to spend at least seven days in the year, while Spain is sufficient one visit per year. Russians often buy holiday homes for rental, others because they could no visa free travel through formal letter Europe, but there are those who intend to permanently settle in Spain. Under the gold visa, customers are obliged to transfer the money to a local bank and explain its origin and, thereby preventing money laundering. The residence permit is valid until the property is owned by the customer. Portugal has taken another step, because it offers tax exemption for foreigners to settle in the country until receiving a pension from abroad. Tax Act was initiated 2013th and according to him, single tax rate of 20 percent applies to foreigners who apply in Portugal, for a period of ten years. More than 1,000 people signed up, according to these regulations, resident in Portugal, and it is mainly retirees from Scandinavia, France, Germany and Great Britain. Similar legislation exists in Spain.
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