Singapore is in the continent of Asia.
Under the scheme, applicants have various investment options, including putting 250,000 euros into arts and culture, 350,000 euros into scientific research, or simply creating 10 jobs in Portugal through investing in a local company.
Victoria Li, who has spent the past five years working for Chinese companies coordinating real estate investments in Portugal for Chinese residence-seekers in Europe, is doubtful that Chinese investors would consider other options.
LISBON, Oct 28 (Reuters) - Portugal's government is to review its 'golden visa' programme which grants residence to non-EU foreign investors with a view to redirecting such investment from a red-hot property market in big cities to depopulated areas in order to create new jobs.
A 1,000km 10-hour roadtrip dash to Paris, squeezed into a small hire car alongside his 88-year-old grandmother, ended in Grand Slam joy for Marco Trungelliti at Roland Garros on Monday -- and a guaranteed 79,000 euros ($92,000) payday. "We needed grandma for sure," laughed the Argentine, explaining his madcap journey from Barcelona to Paris to make the deadline for a late spot in the men's singles draw.
LeBron James squeezed every last ounce of effort from his misfiring Cleveland team mates on Sunday to lead the Cavaliers back to the NBA Finals with an 87-79 victory over the Boston Celtics in their Game Seven Eastern Conference decider. The 33-year-old has reached the Finals for the eighth consecutive season but this campaign may be his crowning glory.
Russian billionaire Roman Abramovich, the owner of Chelsea soccer club who has found himself without a visa to Britain, took Israeli citizenship on Monday and will move to Tel Aviv where he has bought a property, an Israeli media report said. Abramovich has been counted as one of the richest men in Britain since he bought the English Premier League soccer club in 2003. His British visa expired last month and sources have told Reuters it was taking longer than usual to get it renewed. The British government has declined to comment on his case.
For someone who is often labeled a hothead, it is perhaps no surprise that Benoit Paire's head is burning. If you treasured this article and you simply would like to receive more info pertaining to
golden visa program generously visit the web site. The Frenchman dyed his hair platinum blond last week and even if it did not prevent him from beating Spain's Roberto Carballes Baena in the first round of the French Open on Monday, it is causing him some issues.
Chinese investment through the golden visa programme dropped 11% in the first nine months of 2019, in line with a slowdown in foreign direct investment from China across Europe. In contrast, investment from Brazilians rose by 46.5%.
However, 90% of this investment has gone into the property market, sending house prices soaring and contributing to the growing issue of rising rents for locals in the two main cities, Lisbon and Porto.
Danica Patrick's racing career ended with a bang on Sunday but not the fairytale finish she had hoped, crashing out of the Indianapolis 500. Before leaving the Brickyard that had been the stage for many of her career highlights, Patrick fulfilled one final obligation sucking up her disappointment for a meeting with the media she so often had a love-hate relationship with.
The Socialist government announced over the weekend a range of guidelines for its second term in office, one of them outlining plans to review the programme with the intention of spreading investment across the country.
Nicklas Backstrom's right hand is still banged up, but the Washington Capitals' star center is ready to go for Game 1 of the Stanley Cup Final against the host Vegas Golden Knights on Monday. Backstrom conceded that the injury has forced him to make subtle adjustments, but he regards his injured index finger as the sort of minor nick that numerous players endure at the end of a 100-game grind.
"People aren't interested in investing in anything beyond houses," she told Reuters. "It's too risky, they don't see potential for growth in sectors beyond tourism. They are doing this for the visa for them and their children, not for the investment."
The "Authorisation of Residence for Investment Activity" policy, commonly known as the golden visa programme and aimed at foreigners ready to invest 250,000-500,000 euros in Portugal, has attracted 4.8 billion euros ($5.3 billion) of investment since its launch in 2012.
Real Madrid defender Dani Carvajal will be fit to feature for Spain at the World Cup despite suffering a hamstring injury in the Champions league final win over Liverpool on Saturday. The right back will be out for between two to three weeks according to Spanish media reports, with Spain set to kick off their World Cup campaign in Russia against Portugal in Group B on June 15.
Novak Djokovic launched his campaign for a second French Open title with a moody victory over Brazilian qualifier Rogerio Dutra Silva on Monday, winning 6-3 6-4 6-4. In his quest to become the first men's player in the Open era to win each of the Grand Slams twice, Djokovic, who underwent surgery on his elbow after January's Australian Open, looked unhappy even when he was stroking winners past his opponent.