Global Immigration & Golden Visa Updates – February 19, 2025
Published Date: 19th Feb, 2025
pain Terminates Golden Visa Program
Spain has officially ended its Golden Visa program, which granted residency to non-EU investors making significant financial contributions, particularly in real estate. The program, initiated in 2013, was abolished as part of broader judicial reforms published in the Official Gazette on January 3, 2025. Critics argued that the scheme inflated property prices, making housing less affordable for locals. The termination reflects Spain's shift towards prioritizing housing accessibility over foreign investment incentives.
Despite regional changes, Portugal continues to offer its Golden Visa program, providing residency permits to foreign investors. The scheme requires investments in specific areas such as real estate, job creation, or capital transfer. Recent discussions have highlighted the program's role in attracting international capital, with ongoing evaluations to balance economic benefits and housing market impacts.
Greece's Golden Visa Attracts Increased Foreign Investment
Greece's Golden Visa program continues to draw significant interest from international investors. Recent data indicates that over 10% of all real estate transactions in the 2023–24 period were linked to this residency-by-investment route. The program offers residency permits to non-EU nationals who invest a minimum amount in Greek real estate, contributing to the country's economic growth and real estate market vitality.
New Zealand Eases Golden Visa Regulations
New Zealand has revised its Golden Visa regulations to attract more wealthy investors. The government has removed the English-language requirement and reduced the number of days investors must spend in the country. The updated scheme targets individuals willing to invest at least NZ$5 million directly into New Zealand businesses. These changes aim to boost foreign investment and stimulate the economy, especially after previous stringent rules led to minimal uptake.
UAE Introduces Golden Visa for Content Creators
The United Arab Emirates has launched a special 10-year Golden Visa tailored for content creators. This initiative allows social media influencers and digital content producers to live and work in the UAE. Applicants must demonstrate a significant online presence and a commitment to contributing to the UAE's creative industry. The program reflects the country's strategy to diversify its economy and foster a vibrant digital content ecosystem.
Dubai Extends Golden Visa to Yacht Owners
Dubai has expanded its Golden Visa program to include yacht owners, granting them long-term residency rights. The General Directorate of Residency and Foreigners Affairs announced this initiative, aiming to attract affluent individuals and boost the maritime sector. Details of the program were unveiled at the Dubai International Boat Show, highlighting Dubai's commitment to enhancing its luxury lifestyle offerings and economic diversification.
UK Enforces Stricter Immigration Policies
The UK government has implemented new immigration rules barring refugees who arrive via "dangerous" or irregular routes from claiming citizenship. Effective February 10, 2025, individuals entering the UK through unauthorized means, such as small boats, will likely be refused citizenship. This policy aims to deter illegal immigration and emphasizes the government's commitment to controlled and legal migration pathways.
Florida Enacts Stringent Immigration Laws
Florida has rapidly enacted new immigration legislation under Governor Ron DeSantis, considered among the toughest in the United States. The laws increase penalties for crimes committed by immigrants without legal authorization and prevent undocumented students from qualifying for in-state tuition. Additionally, Florida has established a state board of immigration enforcement, reflecting a significant financial commitment of $298 million to enhance the state's role in federal immigration enforcement.
U.S. Senate Passes Immigrant Detention Bill
The U.S. Senate has passed the Laken Riley Act, mandating the detention of migrants accused of theft and violent crimes. This bill, expected to be signed into law by President Donald Trump, underscores a commitment to a stringent crackdown on illegal immigration. Named after a Georgia nursing student murdered by a Venezuelan national, the legislation reflects a significant shift towards stricter immigration enforcement policies.
UK Conservative Party Proposes New Residency Restrictions
Kemi Badenoch, leader of the UK's Conservative Party, has proposed an immigration policy disqualifying migrants who have claimed benefits or used social housing from obtaining permanent residency.
Date: 19th Feb, 2025
