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Spain flip-flops on Golden Visa ban as applications continue to flood in

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Spain’s Senate has temporarily stalled the Golden Visa ban, but Congress could push it through for early 2025.

Last month, Spain’s controversial Golden Visa programme looked set for abolition when the country’s Congress approved a bill to scrap the scheme. At the time, it was thought the ban could come into effect as soon as January 2025.

But the bill has hit a snag, which could see a ban delayed for several months, or even abandoned altogether.

Check out our full guide to Europe’s golden visas and the countries that have already banned them.

Spanish Senate blocks abolition of the Golden Visa

The Spanish Senate vetoed the ban in a hearing on 2 December, batting the bill back to Congress. While the Senate’s opposition will certainly delay the process, it cannot block it entirely, as Congress retains the power to override the veto.

Part of the disagreement over the ban is political: the Senate is controlled by the centre-right party, the Partido Popular (PP), while Congress is in the hands of Prime Minister Pedro Sanchez and his coalition government of the centre-left Spanish Socialist Workers’ Party (PSOE) and radical left-wing Unidas Podemos. Disagreements here are natural.

However, there was also concern over the way that the Spanish government had tried to push through the bill, known as the Judicial Efficiency Bill. At the heart of the bill are rules around expedited trials for cases of illegal squatting, with the Golden Visa ban tacked on as an extra.

According to the Official Gazette of the Spanish Parliament dated 2 December, the PP’s rationale for the veto revolved around the government’s failure to employ “proper legislative drafting techniques”. It argued that the simultaneous processing of two legislative projects affecting the same laws would create confusion, calling the bill “a hodgepodge of uncoordinated legislative amendments”.

Dr Jacinto Soler-Matutes, Senior Partner at Emergia Partners – a company focused on business development in emerging markets – told Investment Migration Insider that Congress could ratify the ban in any one of its forthcoming plenary sessions scheduled in December, with publication in the Official Gazette in early January. “We must count on the Spanish Golden Visa finally phasing out around April 1,” he added.

A flurry of Golden Visas applications since the ban was announced

As would be expected, applications for the Golden Visa programme have ramped up significantly since its abolition was first announced last April. But visa approvals are also on the up, with the rate moving from an average of 69 per month between January and March to 95 per month from April to October.

In total, 2024 has seen 780 Golden Visas granted up to the end of October, with 573 of those granted since the abolition announcement was made.

Aside from the ban announcement, general interest in the programme has spiked in recent years. Permits for investors remained under 1,000 per year from introduction in 2013 through to 2021. But in 2022, they surged to over 2,000, and surpassed 3,200 in 2023.

According to Catalan News, the highest number of Golden Visa approvals are for Chinese nationals, with more than 3,300 visas issued between 2013 and 2023. Russian nationals have been snapping them up too, with 3,100 issued over the 10 years. More than 1,000 UK citizens have successfully applied to the scheme.

Although China leads the pack in terms of absolute number of visas issued, the top country for investment is the USA. According to Eldiario, between 2018 and 2022, US investors contributed €1.6 billion to the Spanish economy through the programme, while Chinese investments totalled only €768 million.

What is Spain’s Golden Visa?

The Golden Visa programme in Spain allows non-residents to obtain citizenship through various investment measures. Specifically, applicants must invest either €500,000 in property, €2 million in Spanish government bonds, or €1 million in shares in Spanish companies.

While the scheme has been successful in generating investment in Spain, it’s not without its controversy. Affordable housing is a problem throughout Europe, but in Spain the situation is particularly acute. The Bank of Spain has said 600,000 new homes need to be built each year to satisfy demand, but current plans are for just 90,000 a year.

As property investment is the cheapest route to citizenship under the Golden Visa programme, critics argue that the scheme encourages foreigners to buy property, removing opportunities from the housing market for Spanish citizens and distorting rent. An estimated 94 per cent of Golden Visa applications come via the property route.

Those who successfully acquire citizenship through the programme are not required to live in Spain, and only have to be in the country for one day per year to maintain their status. Opponents of the scheme say this loophole means economic benefits are not being realised,

The European Commission called on EU governments to stop selling citizenship in this way in 2022. It flagged concerns with money laundering, tax evasion and security, which it said “would be incompatible with EU norms”.

Golden Visas ending everywhere

Amid concerns from the EU, nations are rapidly withdrawing their investment residency schemes. Ireland axed its Golden Visa scheme in February 2023; Portugal scrapped its real estate investment visa in 2023; and the Netherlands removed theirs in January 2024.

Albania was planning to introduce a Golden Visa in 2022, but the European Commission urged it to refrain. The country has since suspended its plans.

However, there are still opportunities for willing investors to buy their way into Europe. Malta retains a golden passport offering citizenship for 12-36 months for an investment just shy of €700,000. Italy and Greece still have schemes in place, and Hungary reopened its Guest Investor Programme in October 2024.

Golden Visas are no longer easy to get, but they do exist. Whether Spain’s will be staying much longer remains to be seen.

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  • Daniela Daecher is a twenty-something bookworm and coffee addict with a passion for geeking out over sci fi, tv, movies, and books. In 2013 she completed her BA in English with a specialization in Linguistics. In 2014 she completed her MA in Linguistics, focusing on the relationship between language and communication in written form. She currently lives in Munich, Germany.

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UK changes travel advice for Israel: Where is it safe to visit in the Middle East right now?

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Travel advisories have been lifted after they were imposed 15 months ago in October 2023.

The UK Foreign Office (FCDO) changed official travel advice which warned against “all travel” or “all but essential travel” to the majority of Israel.

Travel advisories have changed for key tourist destinations including Tel Aviv, Jerusalem, Eilat, the Dead Sea, Galilee and Haifa. Visitors are now only advised to check advice before they travel to these areas.

The FCDO still advises against all but essential travel to areas within some parts of Israel and the Occupied Palestinian Territories including Gaza and the West Bank. It also advises against travel to areas within 500 metres of the border with Syria and Gaza.

FCDO advises against all but essential travel to the area between the Lebanon border and (but not including) Route 89 excluding Nahriyyah.

Travel advisories have been lifted after they were imposed 15 months ago in October 2023.

The updated advice says the frequency of rocket attacks has decreased significantly but warns that there is “increased risk of political tension” which could cause demonstrations and clashes around anniversaries of significant events.

“The Israeli government declared a state of emergency across the whole country on 7 October [2023] and this remains in place,” the FCDO says. It adds that international air and land borders could close at short notice and visitors should check the latest information before they travel.

Is it safe to travel to Egypt?

Escalating tensions in the region have left many concerned about travelling to neighbouring countries.

Despite lifting travel warnings for Israel, the FCDO still advises against visiting large areas of Egypt. This includes within 20km of the Egypt-Libya border – except for the town of El Salloum, where it advises against all but essential travel – and the North Sinai Governorate.

The FCDO advises against all but essential travel to the northern part of the South Sinai Governorate, beyond the St Catherine-Nuweibaa road, except for the coastal areas along the west and east of the peninsula.

Its advice is the same for the Ismailiyah Governorate east of the Suez Canal, the Hala’ib Triangle, the Bir Tawil Trapezoid and the area west of the Nile Valley and Nile Delta regions, except for:

  • Luxor, Qina, Aswan, Abu Simbel and the Valley of the Kings
  • the Faiyum Governorate
  • the coastal areas between the Nile Delta and Marsa Matruh
  • the Marsa Matruh-Siwa road
  • the oasis town of Siwa
  • the Giza Governorate north-east of the Bahariya Oasis
  • the road between Giza and Farafra (but FCDO advises against all but essential travel on the road between Bahariya and Siwa)
  • Bahariya Oasis, Farafra, the White Desert and Black Desert

Is it safe to travel to Lebanon right now?

Lebanon lies to the north of Israel and shares a border. Despite a ceasefire between Israel and Lebanese Hizballah coming into force on 27 November, the FCDO says the security environment remains unpredictable.

It advises against all travel to Lebanon and urges Britons to leave by commercial means. Foreign offices in other European countries, including Ireland and France, have also advised against all travel to the country.

Is it safe to travel to Syria right now?

The FCDO advises against all travel to Syria due to “ongoing conflict and unpredictable security conditions”. It urges all British nationals to leave the country by any practical means.

The Syrian government of Bashar al-Assad fell in early December, bringing a shocking end to his family’s 50-year reign following an offensive by Islamist rebels.

Is it safe to travel to Jordan right now?

Jordan shares a border with Israel and the West Bank as well as with Syria.

The FCDO advises against all travel to within 3km of the border with Syria but borders remain open and most tourist destinations in Jordan have been unaffected by the instability.

Some flights to Amman and Aqaba airports have been affected so it is worth checking before you travel.

Author

  • Daniela Daecher is a twenty-something bookworm and coffee addict with a passion for geeking out over sci fi, tv, movies, and books. In 2013 she completed her BA in English with a specialization in Linguistics. In 2014 she completed her MA in Linguistics, focusing on the relationship between language and communication in written form. She currently lives in Munich, Germany.

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Switzerland unveils the world’s steepest cable car leading up to James Bond revolving restaurant

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Each car hangs from an 11-metre arm to cope with the incredibly steep incline.

The world’s steepest cable car has just opened in Switzerland’s Bernese Alps.

Connecting the village of Stechelberg on the valley floor with Mürren, the track has a gradient of 159.4 per cent.

The journey takes just four minutes to climb 775 metres over a track nearly 1,194 metres in length.

The two cars hang from an 11-metre-long arm to cope with the steep incline and have space for up to 85 passengers. The route is fully autonomous, with constant monitoring by cameras and sensors allowing it to operate without staff on board.

The first car made its journey up the cableway on the evening of Friday 13 December at an official opening ceremony. It began welcoming regular passengers on Saturday 14 December.

Visit a mountaintop made famous by James Bond

The new cable car is part of the ‘Schilthornbahn 20XX’ project which involves building a new route made up of three sections. It will eventually run from Stechelberg and Mürren via Birg up to the Schilthorn, cutting the current journey time from 32 minutes to around 18 minutes.

The Swiss mountain’s ‘Piz Gloria’ restaurant was made famous by the 1969 James Bond film On Her Majesty’s Secret Service.

This revolving restaurant is located at the peak of the Schilthorn and has 360-degree views of more than 200 other mountain peaks. If visibility is good, you can even see Montblanc.

Designed by Bernese architect Konrad Wolf, it claims to be the world’s first revolving restaurant.

Its name comes from Ian Fleming’s 1963 novel of the same name in which it is the mountain-top hideout of the villain Ernst Stavro Blofeld. The production team for the movie found the restaurant partially complete and contributed to finishing its construction in return for exclusive use for filming the 1969 movie.

A new cableway between Mürren and Birg also opened at the same time as the world’s steepest cable car. The final stretch from Birg to the Schilthorn is expected to open in March 2025 with the finalisation of the entire project in spring/summer 2026. This top section has been closed since mid-October because of the project.

Author

  • Daniela Daecher is a twenty-something bookworm and coffee addict with a passion for geeking out over sci fi, tv, movies, and books. In 2013 she completed her BA in English with a specialization in Linguistics. In 2014 she completed her MA in Linguistics, focusing on the relationship between language and communication in written form. She currently lives in Munich, Germany.

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Paris and Berlin linked: High-speed train service launches with fares from €59

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The route is the first directly linking the two capitals’ city centres.

Paris and Berlin are about to get a little closer.

A year after its nighttime counterpart hit the rails, the highly anticipated daytime high-speed train linking Paris and Berlin is ready to launch on 16 December, Germany’s Deutsche Bahn has confirmed.

The new route promises faster, direct and daily journeys between the two bustling capital cities, and at a competitive price.

How long will the new Paris-Berlin train take?

Currently, travelling during the day between Paris and Berlin involves a connection and usually takes between nine and 10.5 hours.

The ÖBB Nightjet overnight train between the two capitals, meanwhile, takes around 13 hours and 15 minutes and only departs three times a week – on Tuesdays, Thursdays and Saturdays.

This overnight service also was suspended just eight months after it launched due to major works on the rail network. It resumed service in early November, about three months after it was paused.

The new direct train service will run daily and take around eight hours, departing Paris Gare de l’Est at 9.55am and arriving at Berlin Hauptbahnhof at 6.03pm.

In the other direction, the train will depart at 11.54am and arrive at 7.55pm.

According to the rail operators, it is the first to link the two capitals “from city centre to city centre”.

The inaugural journey will set off from Berlin Hauptbahnhof at 12.02pm on 16 December, with dignitaries including François Delattre, the French ambassador to Germany, and Kai Wegner, the governing mayor of Berlin, in attendance.

How much will the new Paris-Berlin train cost, and where will it stop?

The new high-speed ICE train sets off just in time for Christmas. It will stop in Strasbourg, Karlsruhe and Frankfurt along the way.

Tickets are on sale now, starting at €59 one way.

“This creation of a connection contributes to a common objective of our two countries: to promote carbon-free mobility,” managing director of TGV-Intercités Alain Krakovitch tweeted after announcing the new service in September.

“Compared to the plane, the [train] journey between Berlin and Paris generates only one hundredth of the CO2 emissions,” he added.

Deutsche Bahn plans to make trains more reliable

Germany’s reputation for punctuality has, in recent years, not extended to its trains. In both 2022 and 2023, over a third of long-distance trains were delayed, DB figures show.

Short-term construction works, rail repairs, staff strikes and extreme weather were the main reasons behind the delays.

The operator hopes to improve the situation in the coming year, in part by adding more long-distance services with fewer stops.

Since October, it has also allowed passengers to pre-book 12 months ahead, up from the current six.

As infrastructure improvements continue, DB hopes that delays will gradually ease over the next two years.

Author

  • Daniela Daecher is a twenty-something bookworm and coffee addict with a passion for geeking out over sci fi, tv, movies, and books. In 2013 she completed her BA in English with a specialization in Linguistics. In 2014 she completed her MA in Linguistics, focusing on the relationship between language and communication in written form. She currently lives in Munich, Germany.

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