BREAKING NEWS New Green Card Opportunity Arrives Greece's Finance Minister Announces Economy Will Recede 4% by 2020 A Better Way to Immigrate Than a Golden Visa
Greek Finance Minister Christos Staikouras said on Sunday (April 5, 2020) that the Greek economy will shrink by 4% in 2020 as a result of the reduction in economic activity brought to the country by the coronavirus pandemic, pointing out in a major speech on Greek television that the Greek government still has 37 billion euros available to support the economy, but the fact is that no one can be prepared to assess when the plague can be brought under control? How much of an impact will it have by then? This has left many who are watching theGolden VisaMigrant marketers are thinking? Should I buy a home this year? Will the market fall again? Are there other ways to get a green card (residency)?
The world is shrinking. Opportunity knocks.
I published an article in February before noting that an epidemic of new crown disease eunuchs was hitting the 2020 economy:Where can I immigrate to on a small budget? How soon can I complete the formalities?And the most video:Which passports can you buy legally? Become a citizen of the world, stronger security, freer passageIn February, China was facing the biggest outbreak since SARS, but in March the epidemic spread to Europe and the United States and even the 2021ETIAS (European Travel Information and Authorization System)This article brings us together to focus on the impact of the epidemic's fluctuations onGolden VisaThe Impact of the Real Estate Market. What opportunities should I look out for? Should I buy a home? What preparations should be made? What alternatives are available?
Europe, Turkish property market could explode again
BloombergREPORT: The European Union's executive branch has said this year's recession could be much worse than previously expected, proposing a relaxation of the EU's overly stringent fiscal policy to mitigate the consequences of a new outbreak of pneumonia, a catastrophic outbreak that has brought the EU's economy to a fatal standstill. The European Commission inone report"Assuming that the duration of the health crisis extends into early June or beyond, the decline in economic activity in 2020 could equal the contraction of 2009, the worst year of the economic and financial crisis," says the Center. .
Immigration without buying a house Mainstream products this year
Financial Independents in GreeceThe need to buy or invest in a home is not required, and it is exempted fromGolden VisaThe financial requirements for obtaining the status can be transferred to other statuses, GreeceRight of abode for financially independent personsIt also allows free passage through Europe and most importantly keeps your cash on hand to invest when the market presents a good opportunity.
Are you still a good buyer?
In the case of our law firm, having bothGreece Golden Visatogether withFinancial Independents in GreeceThe product to evaluate which is currently good in the market is to have the most fair position. After the outbreak of the new coronary pneumonia, we see all the real estate market stop, more than half of the real estate developers have cash flow difficulties, new cases (ready to cover or just got the approval) are thinking of ways to unwind, and even more so some of the real estate developers who invested in Greece last year only has been a comprehensive suspension of, although some Chinese intermediaries in the crisis into the market to shout this kind of cut leeks of slogans, but I believe that all the people who have read the book, have a sense of, now To buy a house should be especially careful.
2020 EU Annual GDP Estimate -4.3%
Greek banks' defenses against the current crisis are low
International credit rating agencies have predicted that Greece will fall into a severe recession in 2020, with the covid-19 pandemic hitting the economy and adding significantly to the national debt.Scope Ratings GmBh predicted last week that Greece's recession would reach 7 percent this year, while Citi reduced the contraction of the Greek economy from 4.4 percent to 12.4 percent by 2020, depending on the amount of money spent due to the duration of the restrictive measures taken by Covid-19. According to HSBC's latest report, Greece's recession will reach 6 percent, with the second quarter being the most difficult period of the year as it will reach 10.3 percent and the third quarter will reach 8 percent. However, a strong recovery of 5.8 percent is expected in 2021.
Turkey's worst currency crisis of 2018
In March alone, exports to Iran fell 82 percent, exports to Iraq 48 percent, exports to France 32.5 percent and exports to Germany 14 percent as Turkey's biggest partner is also dealing with the epidemic, Trade Minister Ruhsar Pekcan told broadcaster NTV.
To date, Turkey's currency against the U.S. dollarIt's down 10 percent.If you are planning to apply for a Turkish passport, in addition to considering the value of the property, you should also be aware that the exchange rate continues to fall, affecting the price of the property you buy and preventing you from reaching the minimum purchase threshold.
Options to consider
It is a popular saying this year that everyone is equal in the face of the diseased reprobate, and that no matter how much money you have, no matter your race, no matter your status, no matter your color, everyone who catches it is potentially fatal. For those who want to immigrate, now is the time to consider:
- If buying a home doesn't help you make money, it's time to wonder if it will increase your losses (additional purchase costs, loss of time, risk due to time delays)
- Can monetary assets held be hedged
- Seizing the year could bePlanning for CRS, offshore bank accountsgood time
Immigration to Europe (residency, house purchase)
New Crown Pneumonia has created disputes between the European Union, and if the entanglements with each other continue to grow and no consensus can be reached, the EU community will face big problems. Germany plus the Netherlands to France, Italy, Spain in the relief of the solution there is a big conflict, today the EU leaders believe that this is the most difficult time since the establishment of the EU. Although there are manyGolden VisaThe project owner approached us for a study, but with the current situation we also do not recommend a new house, the more appropriate way is still recommended to first apply for theFinancial Independence Visa for GreeceIf you are a permanent resident, you can either take your time to choose a house and familiarize yourself with the environment after obtaining residency, or you can wait for five years to switch to permanent residency.
Some new homes are on sale, should I buy?
Currently, the new houses were planned and designed last year or this year, and the current news is that the Greek government is working on a relief program, and it has also seen that the government is cutting taxes and helping companies to pay their employees' salaries, and for some of the more powerful real estate developers, the government is working on a relief program.Discount sale is just a marketing strategy launched in response to the timing, and has not hurt the bones.Europe after the epidemic, the first thing the government has to do is to solve the basic livelihood problems, so that social stability is restored, at this rate, if the purchase of real estate, the worry is when the completion of the period of time, the smooth delivery of housing.
Immigration of Financially Independent Persons
Some people also use Spain's non-profit to interpret the Greek financial independent person visa, but the biggest difference is that Spain's non-profit has a strict immigration supervision requirements, the Greek financial independent person does not have this requirement, for many people doing business in the country, is simply not able to meet the rigid immigration supervision requirements, so turn to the Greek financial independent person, theTo do so, please see this articleThe
- No purchase and no investment
- Applicant's spouse and children
- Children can attend public schools
- Two years of residency
- You can apply for permanent residence after five years
- You can apply for naturalization after seven years
Passport Program
For those who have a greater sense of crisis about the global situation, it is highly recommended to apply for aDominica PassportmaybeUpgraded Dominica PassportThe InBCBIP Passport Program WebsiteYou can see the passport immigration programs that are still open for applications this year, although some have been suspended due to the new Crown Pneumonia outbreak.Dominica Passport ProgramStill processing normally.
Family gets passports in three months
Dominica is known for having one of the best passport programs in the world, in the globalCBI indexRanked No. 1, only the epidemic spreads in the ball, with the official portal login qualification authorized institutions, you can submit the customer's application online, the uploading of scanned files of public documents, and carry out the due diligence process. Fast and Flexible Programs for Applicant FamiliesYou can take advantage of the opportunity to do so.Citizenship by Investment in DominicaThe following is an example of how to do this in advance.Identity planning,taxation services,capital planningPreparation.
Other Caribbean passport options
apart fromDominica Passport ProgramThe second most common choice is the St. Kitts passport. Most markets use the fact that St. Kitts has established diplomatic relations with the Republic of China (Taiwan) and has visa-free access to Taiwan to attract investors to buy real estate and immigrate, but the fact is that the place of birth is in China, and you can't take advantage of the visa-free access (St. Kitts passport) or the visa-free access (Dominica) advantage of entering Taiwan.Read the article: Why You Need to Know These Five Things Before Buying a Home in St. Kitts
St. Kitts Begins Automatic Exchange of Information on Financial Accounts with China Back in 2017(Below, refer toTransferring money to an overseas bank account? How can I do it safely?)
St. Kitts International Scandal
- Malaysian financial scammer Liu Tezo, involved in a corruption fugitive case.
- Money-laundering case of Pilatus Bank, whose president used two St. Kitts passports to evade sanctions(2019)
- St. Kitts developer in another scandal(November 2018)
- Other.Read the article: Why You Need to Know These Five Things Before Buying a Home in St. Kitts
reach a verdict
Different times, different challenges
This article takes a brief look at buying a home to immigrate, and the views in the article are only Bih's own, and do not represent any organization, investment company, or any third-party organization. I hope to let you have a direction, although the epidemic has made a lot of business this year become severe, I believe that everyone as long as you grasp the opportunity to stay positive and active, continuous learning, there are opportunities to overcome, in the world is going backwards, there are always people who can find opportunities from it, there are always different challenges in different times, wishing you peace and good luck.
Take advantage of this year's great opportunities
We can expect the Greek government to want more money coming in.Financial Independents of GreeceBringing a wave of enthusiasm to the financial sector to reduce the pressure and accelerate the recovery of the economy, handling passport immigration program cancapitalize onCitizenship by Investment in DominicaApplication efficiencyNot affected by the epidemicThe following is an example of how to do this in advance.Identity planning,taxation services,capital planningPreparation.
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Dominica Citizenship Program
- The Dominica Citizenship Naturalization Program was established in 1993 A.D. and is one of the oldest naturalization programs in the world.
- passport immigrationApplicants are not required to attend an interview
- Immigration can be processed quickly: the time it takes is about 2-3 months.
- The most cost-effective program for single applicants
- The status can be passed on permanently to the next generation in the direct line.
- Consultationreserve
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