TLAXCALA تلاكسكالا Τλαξκάλα Тлакскала la red internacional de traductores por la diversidad lingüística le réseau international des traducteurs pour la diversité linguistique the international network of translators for linguistic diversity الشبكة العالمية للمترجمين من اجل التنويع اللغوي das internationale Übersetzernetzwerk für sprachliche Vielfalt a rede internacional de tradutores pela diversidade linguística la rete internazionale di traduttori per la diversità linguistica la xarxa internacional dels traductors per a la diversitat lingüística översättarnas internationella nätverk för språklig mångfald شبکه بین المللی مترجمین خواهان حفظ تنوع گویش το διεθνής δίκτυο των μεταφραστών για τη γλωσσική ποικιλία международная сеть переводчиков языкового разнообразия Aẓeḍḍa n yemsuqqlen i lmend n uṭṭuqqet n yilsawen dilsel çeşitlilik için uluslararası çevirmen ağı

 17/12/2018 Tlaxcala, the international network of translators for linguistic diversity Tlaxcala's Manifesto  
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 EUROPE 
EUROPE / Spain, Europe's new ‘golden visa’ haven
Date of publication at Tlaxcala: 27/11/2018
Original: España se consolida como paraíso europeo de las ‘golden visa’

Spain, Europe's new ‘golden visa’ haven

José Luis Aranda

Translated by  Susana Urra

 

Statistics suggest a new record this year in applications for a residency-by-investment program that critics say does not provide enough safeguards against money laundering

 

When you have money, you can set up whatever you want in any part of the world,” says Jorge, a 28-year-old from Venezuela, matter-of-factly.

Jorge, who declined to provide his last name and did not wish to be recognized in photographs, has been in Spain for three months but he already has a residency card and a job.

He is one of 5,778 foreigners to have obtained in the first 10 months of the year what is commonly known as a “golden visa” in Spain. Known formally as the Law to Support Entrepreneurs and their Internationalization, this piece of legislation has allowed Jorge to get his legal papers after investing more than €500,000 in real estate.

From January to October, 546 individuals obtained residency by purchasing property, according to Foreign Ministry figures. Investing in business projects is another way to secure residency through this program.

Statistics suggest that Spain will end the year 2018 with a new residency-by-investment record. From January to October the figure already nearly matches the number for all of 2017 (5,876 visas, 563 of them for investing in property).

Ever since the program was launched in 2013 to attract investment during the economic crisis, the number of visas issued has continued to grow each year.

Read more

Many golden visa applicants are Chinese nationals who invest in real estate. Atlas





Courtesy of El País
Source: https://elpais.com/economia/2018/11/24/actualidad/1543053440_420218.html
Publication date of original article: 24/11/2018
URL of this page : http://www.tlaxcala-int.org/article.asp?reference=24765

 

Tags: Spanish golden visaTax havensSpain
 

 
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