Business Daily Trump card: what are golden visas?
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Sep 7, 2025 Unearth the captivating world of golden visas, where the super-rich seek residency in exchange for hefty investments. Explore how these lucrative opportunities act as both tax strategies and lifestyle upgrades. Delve into the controversial nature of such citizenship purchases and the implications for immigration worldwide. With proposed initiatives like the $5 million Gold Card, the podcast unpacks the allure and criticism of these programs. Personal stories and global perspectives reveal the evolving landscape of wealth-driven migration.
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Golden Programs Are Big And Established
- "Golden visas" and "golden passports" are established programs that sell residency or citizenship to investors.
- These schemes have evolved for decades and now form a multi-billion dollar global marketplace.
Countries Wide Range Motivations
- Around 70 countries or territories now offer residence-by-investment programs across many sizes and economies.
- Some states even derive up to half their government revenue from citizenship-by-investment schemes.
Buying EU Access And A Backup Plan
- Lily Chan bought and renovated property in Portugal under its golden visa to diversify savings and secure a backup plan.
- She valued minimal residence requirements and access to the EU while treating the purchase as an investment and insurance.