Designed as a utopia for remote workers, and located on the Portuguese archipelago of Madeira, the world’s first official digital nomad village offers free workspace and wifi for those staying a month or more.
The Portugal Golden Visa Scheme has been a great success but changes come into effect from January 1 2022 which means the scheme will no longer apply to popular destinations such as Lisbon, Porto and the Algarve.
Malta’s new programme has seen the EU country remain at the top of the Global Citizenship Programs Index (GCPI), while the Austria Private Residence Program and the Portugal Golden Residence Permit Program share top spot in the Global Residence Programs Index (GRPI) — this according to Investment Migration Programs 2021, released by Henley & Partners.
Following the announcement last year that Portugal’s highly successful residency by investment programme was removing Lisbon, Porto and the Algarve as property investment options, with the aim of increasing investment in low-density areas, the Portuguese authorities have further announced this will become effective on July 1, 2021.
In a bid to combat the economic impact of the pandemic, Slovenia announces it is considering a proposal to launch a citizenship or residence by investment programme for 2021, making it the latest Balkan country to do so.
From closed borders and travel restrictions to lockdowns and quarantines, the effects of the pandemic throughout 2020 has led to a surge in enquiries for second passports and residency by investment proving that what once was a luxury for HNWIs has now become a necessity.
Dubai-based RIF Trust, part of global residency and citizenship by investment advisory firm, the Latitude Group, has expanded its operations to China, with two new offices in Shanghai and Hong Kong, providing Chinese HNWIs with on-the-ground support from December 2020.
Portugal has seen an increasing number of Chinese and South African citizens rushing to purchase residency and ultimately citizenship in Portugal via the country’s successful residency by investment programme. This comes following a recent announcement that the popular Portuguese areas of Lisbon, Porto and the Algarve are set to be removed as investment regions from the programme at the end of this year.