Travel
What are ‘golden visas’ and which EU countries still hand them out?
With the EU warning against citizenship by investment schemes, Spain’s government is looking to pull the plug on golden visas.
Getting the right to live and work in another country can be a long and difficult process. But that’s not always the case for those with money to spend.
Golden visas offer the opportunity for wealthy people to essentially ‘buy’ the right to residency – sometimes without even having to live in the country.
And their popularity in the European Union is growing as people look to move away from political decisions such as Brexit that may limit their rights.
With the unsettled political and social environment in the US in recent years, applications for golden visas from Americans were also projected to increase.
But golden visas are now gradually being phased out across Europe. Portugal amended its scheme in October, removing real estate investment as a basis for golden visa applications in the hope of reducing property speculation.
In the same month, the Netherlands announced it will end its golden visa scheme in January 2024.
Spain has announced plans to follow suit. The country had already proposed toughening the requirements for its golden visa last year, and in December the government’s junior coalition partner Sumar voiced support for scrapping the scheme.
So what exactly are these golden visa schemes and why has the EU raised questions about their safety in recent years?
What is a golden visa?
Residence by investment schemes, otherwise known as ‘golden visas’, offer people the chance to get a residency permit for a country by purchasing a house there or making a large investment or donation.
Any applicants must be over the age of 18, have a clean criminal record and have sufficient funds to make the required investment.
There are also golden passports, known officially as citizenship by investment programs, that allow foreigners to gain citizenship using the same means.
For countries in the EU, this also means gaining access to many of the benefits of being a resident of the bloc – including free movement between countries.
Why is the EU against golden visas and passports?
In 2022, the European Commission called on EU governments to stop selling citizenship to investors.
Though this is different to golden visas, which offer permanent residency rather than citizenship, the call came as part of a move to crack down on this combined multi-billion euro industry. In the wake of the Ukraine war, there were concerns that these schemes could be a security risk.
Brussels also called for countries to double-check whether people sanctioned due to the war were holding a golden passport or visa that they had issued.
In the past, the EU has also said that schemes of this kind are a risk to security, transparency and the values that underpin the European Union project.
In October 2022, the European Commission urged Albania to “refrain from developing an investors’ citizenship scheme (golden passports)”. Such a scheme would “pose risks as regards security, money laundering, tax evasion, terrorist financing, corruption and infiltration by organised crime, and would be incompatible with EU norms,” it warned in a report. The country has since suspended its plans to introduce a golden visa.
Threats also come from outside the bloc. Also in October 2022, the European Commission proposed a suspension of Vanuatu’s visa waiver agreement due to golden passport risks. This is because the scheme enables nationals of third countries to gain Vanuatu citizenship, which then earns them visa-free access to Schengen zone countries.
Which countries have scrapped their golden visa schemes?
In February 2022, the UK government scrapped its golden visa scheme that allowed wealthy foreign nationals to settle in the country in exchange for bringing part of their wealth with them. The decision to end the scheme came as part of a move to clamp down on dirty money from Russia.
In February 2023, Ireland also axed its golden visa scheme – the Immigrant Investor Programme – which offered Irish residence in return for a €500,000 donation or three-year annual €1 million investment in the country.
Ireland had already suspended the scheme for Russian citizens in March 2022 as part of sanctions imposed on the country for the invasion of Ukraine. The following month, the European Parliament warned that the programme was vulnerable to tax abuse. The final decision to end the scheme was the outcome of various international reports and internal reviews.
In February 2023, Portugal’s Prime Minister António Costa announced plans to end the country’s lucrative residence by investment scheme to tackle property and rent price speculation. Until then, foreigners could either purchase a property or invest some of their wealth into the country – known as capital transfer investments – in exchange for residency.
Between January and August 2022, the program brought almost €398 million to the country, according to Portugal‘s national news agency LUSA.
**Madeira**opposed the decision to end Portugal’s golden visa by real estate, which brought many high-income foreign residents to the autonomous region.
Since 6 October 2023, you are no longer able to apply for a golden visa through a real estate investment in Portugal. The new rules do not apply retroactively to existing visa holders, however.
Which EU countries still offer golden visas and what are the requirements?
There are only a few places that still offer golden passports in the EU. One of these countries is Malta. Here, the minimum investment amount starts at €690,000 and offers citizenship for between 12 and 36 months.
Many others, however, still offer golden visa schemes. Here are a few examples of exactly how much it costs to get residence by investment in these countries.
Does Spain still offer a golden visa?
Spain launched its residence by investment scheme in 2013. It allows wealthy people from outside the EU to obtain residency permits on investing more than €500,000 in real estate.
However, on Monday 8 April, the country’s government said it plans to scrap the scheme.
Socialist Prime Minister Pedro Sánchez said his minority coalition government would study the reform in the weekly Cabinet meeting on Tuesday 9 April.
Speaking on Monday, Sánchez said the reform was part of the government’s push to make housing “a right, not a speculative business”.
The government says some 10,000 such visas have been issued since the measure was brought into law in 2013 by a previous right-wing Popular Party government as a means to attract foreign investors.
In May, leader of the centre-left political party Más País Iñigo Errejon, blamed golden visas for a “brutal” increase in house prices that is forcing residents out of their neighbourhoods. Errejon also claimed that the scheme hadn’t created many new jobs.
Golden visas are strongly criticised for spurring property price hikes and speculation in the housing sector. Soaring house prices have long been a major problem for many Spaniards, particularly in the country’s major cities.
Renewed support for ending Spain‘s golden visa scheme came in December from the country’s government coalition partner Sumar, which wants to tackle soaring housing prices.
The visa can also be gained by starting certain types of business in Spain, holding company shares or bank deposits with a minimum value of €1 million in Spanish financial institutions, or making a government bonds investment of at least €2 million.
Italy’s golden visa scheme
Italy is another popular destination for those looking to get residence by investment. Introduced in 2017, its golden visa grants non-EU nationals a residence permit for two years in exchange for an investment in Italy.
The minimum investment here is €500,000 which must be done through an Italian limited country. Those holding these visas can also include their family in the application and benefit from a special tax regime.
Once those using the scheme have lived in Italy for 10 years, they can be eligible for citizenship.
Greece’s golden visa scheme
Greece offers golden visas, with one of the quickest processes for gaining residency. Qualifying foreigners can get a permit within 60 days of applying.
It used to have one of the lowest thresholds for investment at just €250,000 spent on property in the country. In September, the authorities raised this to €500,000 to increase the affordability of real estate for locals. The new threshold applies from 1 May 2023.
This update will be implemented in the Greater Area of Athens, the Municipality of Thessaloniki, and the islands of Mykonos and Santorini but the €250k threshold will remain the same in other regions.
Golden visa holders aren’t required to stay in Greece to keep their visas.
By the end of 2021, the country had seen 9,500 applications for these residence by investment schemes, one of the highest numbers in Europe.
Travel
UK ETA travel permit: British dual nationals flag issues with application system
The UK’s Electronic Travel Authorisation (ETA) system has officially expanded to European travellers.
Starting 2 April 2025, all EU (except Irish nationals), EEA, and Swiss citizens need ETA approval to enter the UK.
The system became mandatory for travellers from the US, Canada and Australia on 8 January 2025, following its rollout last November for nationals of Bahrain, Jordan, Kuwait, Oman, Qatar, Saudi Arabia and the UAE.
To obtain the visa waiver, which costs £10 (€12) from today or £16 (€19) from 9 April, travellers need to complete an online process – but some British citizens with dual nationality are already flagging issues.
How to apply for the UK’s ETA visa waiver
Travellers can either use the official mobile app, which can be downloaded from the UK government website, or apply online here.
To complete the application, you need the passport you’ll be travelling on, an email address and a credit card, debit card, Apple Pay or Google Pay. You will have to answer a set of suitability questions. You don’t need to enter your travel details.
The government advises applying at least three working days before your trip.
You can delete the app when you’ve finished applying. Your ETA will be linked to your passport digitally, and you will not need to show anything else when you enter the UK.
Though it seems pretty simple, the application process has left a handful of British dual nationals confused about whether they need to apply for the visa waiver or not.
ETA application issues for British dual nationals
In theory, British citizens with dual nationality do not need ETA and should be able to travel to the UK on whatever passport they choose.
But confusion has arisen for those who don’t have a British passport because theirs is expired, lost, or they were never issued with one.
If they choose to travel on their EU passport, the process of applying for ETA – and whether it is necessary – remains unclear.
The ETA application form asks travellers to declare any other nationalities, but the drop-down menu does not give the option to select ‘British citizen’.
Should British dual nationals continue with their application without declaring their ‘secondary’ nationality, they would theoretically be forced to give misinformation about their dual nationality.
Euronews Travel posed the question to an ETA advisor from the Home Office on their web chat.
The advisor refused to give guidance about not declaring British nationality on the ETA form. They stated that if you are a dual citizen with British/Irish citizenship, you do not need an ETA.
However, “you prove your permission to travel using your valid British/Irish passport or other passport containing a certificate of entitlement to the right of abode in the UK.”
When asked what to do if the traveller is not in possession of any of these documents, the advisor responded, “You either need to apply for a British passport or a certificate of entitlement”.
Renewing a UK passport from overseas costs £101 (€123), while a certificate of entitlement comes with a £550 (€658) fee. Both application processes take several weeks.
Euronews Travel has reached out to the Home Office for official guidance.
Travel
Iceland’s Blue Lagoon spa and nearby town evacuated due to volcanic eruption
Flames and smoke shot through the air as the volcanic fissure opened near the town of Grindavik.
A volcano began erupting in southwestern Iceland on Tuesday as tourists at the nearby Blue Lagoon and residents of local communities were evacuated.
Flames and smoke shot through the air as a fissure opened near the town of Grindavík, about 50 kilometres southwest of the capital, Reykjavik, where roughly 40 homes have been evacuated, according to national broadcaster RUV.
Residents mostly vacated the community, located on the Reykjanes Peninsula, in 2023 when the volcano came to life after lying dormant for 800 years.
A swarm of small earthquakes began at around 6:30am local time on 1 April, similar to previous eruptions. The eruption just north of the protective barrier near Grindavík then began at 9:45am, according to Iceland’s Met Office (IMO).
Warning sirens started to sound when the orange-red fissure reached the town’s defence walls at around 10am. IMO has said that the fissure is now around 700 metres long, and “it cannot be ruled out that it may continue to open further south.”
Iceland sits above a volcanic hotspot in the North Atlantic and, on average, sees one eruption every four to five years.
Experts have warned that volcanic activity in the Reykjanes peninsula has entered a new era, with the frequency of eruptions having surged. This is the 11th such event to have occurred since 2021, when this new eruption period began.
Iceland’s Blue Lagoon closed until further notice
The Blue Lagoon is one of Iceland’s biggest tourist attractions. Authorities evacuated guests from the geothermal spa, moving them to nearby hotels when it became clear an eruption was imminent.
It will remain closed through 1 April, and the situation will be assessed later on, according to a message posted on the Blue Lagoon’s website. All guests with bookings during this temporary closure will be contacted.
A ‘red alert’ has been issued for the town of Grindavík, and the area around it is closed off. It will remain closed until further notice.
Travellers have been asked to respect the closures and instructions from local authorities and to stay away while conditions are being assessed, according to Safe Travel Iceland.
During previous eruptions, tourists and locals keen to see the majestic event first-hand have been repeatedly warned to stay away from Reykjanes.
Though it is yet to be updated for the most recent eruption, the UK’s FCDO says eruptions and earthquakes are common in Iceland due to the country’s nature geography.
“In the event of an eruption or wider seismic activity follow the latest advice issued by the authorities,” it says. It adds that travellers should regularly check for alerts and advice from the Icelandic Tourism Board, Icelandic Met Office, Safe Travel Iceland and the Almannavarnir Facebook Page.
The effects of the eruption are currently localised and have not caused any problems for the nearby Keflavík airport- Iceland’s main international airport.
Though ash clouds from previous volcanic eruptions in Iceland have had disrupted international air travel, this one is not expected to do so.
Travel
What is the ETA? European travellers need €12 entry permit to visit the UK starting this week
Read our full guide to the UK’s new Electronic Travel Authorisation (ETA): who needs it, how long it’s valid and how to apply.
The UK’s Electronic Travel Authorisation (ETA) system has officially expanded to European travellers.
Starting 2 April 2025, all European visitors will need ETA approval – or, for some non-EU nationals, a visa – to enter the UK.
The system became mandatory for travellers from the US, Canada and Australia on 8 January 2025, following its rollout last November for nationals of Bahrain, Jordan, Kuwait, Oman, Qatar, Saudi Arabia and the UAE.
Read on for details on cost, validity and how to get it.
What is the ETA?
The ETA replaces the single-use Electronic Visa Waiver (EVW) scheme, offering a lower cost option with multi-entry validity.
The UK government notes that it is not a visa and does not permit entry into the UK. Rather, it authorises a person to travel to the UK.
The ETA is now required for all eligible nationalities. You can find the full list of countries here.
How do I apply for an ETA to enter the UK?
Most visitors will be able to apply using a mobile app and can expect a decision emailed within three days.
Everyone travelling needs to apply, including babies and children, but you can apply for other people.
The UK government says its app is the quickest and easiest way to apply for an ETA. You can download the ETA app from the UK government website.
If you cannot download the app, you can also apply online here.
To complete the application, make sure you have on hand the passport you’ll be travelling on, an email address and a credit card, debit card, Apple Pay or Google Pay. You will have to answer a set of suitability questions. You don’t need to enter your travel details.
You can delete the app when you’ve finished applying. Your ETA will be linked to your passport digitally, and you will not need to show anything else when you enter the UK.
When to apply for your ETA
The government says: “You must apply for an ETA before you travel to the UK. You can travel to the UK while waiting for a decision.”
Considering most applicants will get a decision within three days, it can be assumed you should apply at least three ahead of travelling to the UK, though you can do it much further in advance.
How much does the UK ETA cost?
Like the Electronic System for Travel Authorisation (ESTA) in the US, a fee is attached to the application process.
The ETA costs £10 (approximately €12 at the time of writing), rising to £16 (€19) on 9 April 2025.
How long is the ETA valid?
An ETA lasts for two years. You do not need to apply again during this time.
You can travel to the UK as many times as you want during the period of validity, but you cannot stay for longer than six months on one trip. Check the UK government website for more details on what you can and cannot do on an ETA.
Note that you will need to apply for a new ETA if you get a new passport, as your ETA is linked to it.
Will I need a visa to enter the UK?
As mentioned above, the ETA isn’t a visa, but it does grant permission to enter the country.
All visitors who don’t currently require a visa will need to get an ETA before they travel. This includes those who do not currently need to submit any form of application to visit the UK. US, Canadian, Australian and European citizens need an ETA even for short stays or transiting through the UK, for example.
Travellers from countries that don’t have visa-free entry agreements with the UK will still have to apply for the correct visa and an ETA.
If you don’t apply before your trip, the government says you could be fined, though no further details have been given about this.
You still need to apply if you are transiting through the UK – even if you aren’t going through border control.
The ETA allows you to come to the UK for six months for tourism, visits to family and friends, business or short term study.
You can also get an ETA instead of a visa if you are coming to the UK for up to three months on the Creative Worker visa concession or coming to the UK for a permitted paid engagement. Outside of these conditions, you can’t use an ETA to do paid or unpaid work for a UK company or as a self-employed person.
Who does not need an ETA?
British and Irish citizens, people who already have a visa or permission to live, work or study in the UK, those travelling with a British overseas territories citizen passport and people who live in Ireland and are travelling from Ireland, Guernsey, Jersey or the Isle of Man don’t need to apply for an ETA.
Why is the UK introducing the ETA scheme?
The ETA is part of the UK’s plan to digitise its borders at UK airports by the end of 2025.
The scheme is intended to reduce queues at the border, “helping to speed up legitimate journeys to the UK”.
Facial recognition technology could be used to make these “contactless corridors” possible, British newspaper The Times reports. It would require international travellers to submit biographic and biometric details, like photos of their faces through the new Electronic Travel Authorisation (ETA) scheme before they fly.
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