After five years, you and your immediate family can qualify for permanent residence and potentially citizenship thereafter. CapitaLand and CDL Both Announced Profit Warnings: Should Investors Sell? Additional reporting by Kanis Leung and Tony CheungMore from South China Morning Post:Hong Kong fourth wave: ‘ambush-style’ Covid-19 lockdown takes residents of 12 Yau Ma Tei buildings by surpriseHong Kong lockdown: was it worth it? The new rule, which excludes the capital Lisbon and Porto from qualified destinations for property investments, is likely to push down prices of homes in these popular cities once it is implemented in July, and will potentially weigh on the declining capital value of luxury homes in Lisbon, they said. US President Joe Biden was expected to sign an executive order on Tuesday aimed at countering discrimination against Asian-Americans as the community made an all-out push to end the Trump administration’s controversial “China Initiative”.The initiative, launched in 2018 by the Justice Department, aimed to blunt Chinese influence. Property investments, too, fell 11 per cent to €646.7 million from €742 million in 2019. 1 - The Golden Visa. Copyright 2021. short-stay visas and visa waiver | temporary visas | residence visas. Fashion designer Mossimo Giannulli’s request to serve the remaining three months of his prison term in the college admissions bribery scheme at home was denied Tuesday by a federal judge. Thank you for your feedback. - Properties more than 30 years old - For older properties in need of refurbishment, investment amounts drop to 350,000.00eur in high density areas, and 280,000.00 in low density areas like the Algarve. That’s believed to be the highest number of all 19 countries that offer opportunities to buy an EU passport without having any family or heritage ties to a country. There is also the possibility of Portugal raising the investment thresholds for property purchase. The Portuguese Golden visas offer residency to foreigners, who invest in properties, set up tech companies and create new jobs. GOLDEN VISA PORTUGAL RESIDENCY BY INVESTMENT. All renovation works are … The authorities said the vaccine, which is one of three approved for emergency use on the mainland and employs the dead virus to help develop an immune response in users’ bodies, had similar rates of adverse effects to other such brands. There is no point I wouldn’t feel pain, having seen the loss of my mother this way. The central government has also shown its resolve to help Hong Kong.” But Chinese University respiratory medicine expert Professor David Hui Shu-cheong, who advises the government on Covid-19 vaccines, said Lam’s plan to rope in Sinopharm would not speed up Hong Kong’s roll-out, as the city had a “very stringent” approval process which required submission of third-stage data in medical journals. “There is a pent-up demand particularly from international purchasers and those wishing to relocate to Portugal who haven’t been able to in the past 12 months given travel restrictions,” said Oliver Banks, senior negotiator for international residential development at Knight Frank. Dipping into the real estate market is a great way to qualify for the Golden Visa, as you can generate some return on your investment. newsdesk@theportugalnews.com, © 2021 The Portugal News - Established 1977 For the latest news from the South China Morning Post download our mobile app. The announcement came as delays or production problems for the Pfizer-BioNTech vaccine and a vaccine from Britain's AstraZeneca have caused political uproar across the European Union. Portugal’s decision to go ahead with a controversial change to its popular golden visa programme is likely to dent foreign investment and further affect the property sector and economy severely battered by the Covid-19 pandemic, according to agents.. Relatives of Wuhan's coronavirus dead on Wednesday said Chinese authorities have deleted their social media group and are pressuring them to keep quiet while a World Health Organization team is in the city to investigate the pandemic's origins. If applicants need to invest the same amount for a property in rural areas and not in cities, it might be deemed as an unattractive investment, Maia said. Portugal has already issued in excess of 20,000 residency cards since implementation in 2012. Copyright 2021. Earlier in the day, Hong Kong had confirmed 64 new Covid-19 infections citywide as two more neighbourhoods were placed under stepped-up mandatory testing orders in Mong Kok and Hung Hom districts, and existing social-distancing measures were extended by another week. But blanket prejudice against a community that is over-represented in vital science and technology fields, with the language and cultural skills important in diplomacy, government, intelligence and the military is counterproductive and unfair, they added.“There is a growing and broad sense that Asian-Americans are not perceived to be fully American, even now,” said Ong. Who may apply? The search for a calm and slower paced life, in a great climate, and with fantastic cultural appeal, and low cost of living, makes Portugal the obvious decision for many. “If all the tests are finished smoothly and are passed, then they are expected to be delivered from Germany to Hong Kong in the second half of February,” Chan said. Copyright 2021. Citizens involved in an investment activity, individually or through a company, conducting one of the following in Portuguese national territory for a minimum period of five years. What we know so far is that the Golden Visa Program in Portugal will be ending in the most popular regions of Portugal such as the main cities of Lisbon and Porto, as well as the much loved coastal areas of Algarve, Silver Coast and Setubal. Americans don’t need to pay the crazy money and suffer the complicated process of the golden visa. That prompted a fierce backlash on Chinese social media, and a rebuke for Qu in a commentary by China’s anti-corruption body, the Central Commission for Discipline Inspection. Foreigners snapping up private apartments in Singapore declined to a 17-year low in 2020 as travel restrictions and lockdowns in various countries deterred them from coming to the city-state. In an unusual and potentially groundbreaking decision, French drugmaker Sanofi said Wednesday it will help bottle and package 125 million doses of the coronavirus vaccine developed by its rivals Pfizer and BioNTech, while its own vaccine candidate faces delays. To keep their residency, visa holders have to only spend a week in Portugal for the first year, and 14 days for the next two years. Other executive orders were expected to establish a commission on policing and limiting transfers of military-style equipment to local law enforcement agencies.Behind the bid to eliminate the China Initiative is the growing confidence and political power of a community that traditionally steered clear of politics or confrontation as a so-called “model minority”, its members have said.A record 21 Asian-American and Pacific Islander lawmakers were elected to Congress in November. The regulations of the "Portugal Golden Visa Program" will change from the summer of 2021. “The court was told that Zhang had not only breached her duty as a civil servant, but also committed the crimes of embezzling public properties worth an enormous amount of money,” Xinhua reported. Health minister Professor Sophia Chan Siu-chee said manufacturing of the first batch of BioNTech vaccines for Hong Kong had been completed, while safety and quality tests were under way. “They all have a little bit of a hiccup. The golden visa scheme is for citizens from countries that don’t enjoy the same level of partnership with Portugal. In the Middle East and North Africa, novel coronavirus vaccine orders are driven by diplomatic and logistical considerations, reflecting Beijing's growing regional influence. The Harbin Intermediate People’s Court did not respond to a request for information about Zhang’s case. Chinese property buyers sharpen focus on Portugal and Singapore, shun four spots troubled by geopolitical risks, Hong Kong resident finds Portugal visa scheme for property investors is anything but golden, Portugal’s plan to exclude Lisbon and Porto from golden visa scheme draws flak from property industry, This article Controversial change to Portugal’s golden visa scheme to weigh heavily on Lisbon and Porto’s property market first appeared on South China Morning Post. The post CapitaLand and CDL Both Announced Profit Warnings: Should Investors Sell? “But at the same time, we have a desperate need for vaccination among high-risk groups and cross-border workers,” she said. We provide expert advice to ensure you get the most out of your property investment, with full concierge services to secure your golden visa and maximise investment returns having done it ourselves before. All content and design is copyright Anglopress Lda and The News Group of Newspapers, Top 3 Golden Visa Investment Properties in Portugal, Great family home – Praia da Luz 3 bed townhouse with double garage & pool access, Non-Habitual Residency Tax Still Offers Benefits with New Changes, Renovated 3 bed villa on the outskirts of Carvoeiro, Councils start limiting access to beaches and public spaces, Suspension of flights to UK ordered by Portugal affecting over 100 weekly flights, Americans get their wings clipped by July’s end of the Portuguese Golden Visa, 70% of adults to be vaccinated by end of summer. Giannulli argued he should be released to home confinement for the rest of his five-month sentence because he spent eight weeks under “extreme” conditions in solitary confinement because of the coronavirus pandemic after reporting to prison in November. For Portugal, the ‘golden’ residence visa scheme for foreigners raised €742 million in 2019 alone. But Zhang Mingjie, 65, remains in detention with her fate unclear more than six years after the accusations emerged. He said Hong Kong’s contract with the firm would only be “activated” if the data met necessary requirements, adding he believed a deadline clause had been set. Susan Lee, a Maryland state senator, is working with Democrat US Representative Jamie Raskin on holding congressional hearings as a first step toward tougher laws and regulations, said sources.Raskin is chair of the House Subcommittee on Civil Rights and Civil Liberties.“It’s not whether a hearing will take place but when, and how to make it successful,” said one Asian-American who has been conferring with congressional staff.This follows a letter sent January 5 to Biden urging the incoming administration to end the initiative and mount a complete review of all prosecutions and investigations targeting Asian-Americans and Asian immigrant scientists, researchers and students.The letter, signed by community organisations, advocacy groups, science associations, and prominent individuals, also called on the incoming administration to investigate and combat racial bias against Asian-Americans in law enforcement, intelligence and scientific research. The application steps and process is quite delicate and requires lot of patience and handling. Transfer of funds - € 1 million . After the recent amendments of the ARI (Golden Visa) program, the Portuguese government has narrowed the … At present, the Portuguese government has rolled out changes to the Portugal Golden Visa, due to come into effect in July 2021. Americans are rushing to apply for Portugal´s Golden Visa program before its changes come into play in July of 2021. Portugal’s decision to go ahead with a controversial change to its popular golden visa programme is likely to dent foreign investment and further affect the property sector and economy severely battered by the Covid-19 pandemic, according to agents. We have a highly qualified team of experts to assist you every step of the way and beyond! The change to the programme has triggered a rush of property buyers to qualify for the residency scheme, with inquiries for residency via property investment up by at least 20 per cent, according to Maia. Investors will be unable to buy property worth €500K in urban centers of Portugal including the Algarve, Lisbon and Porto. Don’t waste your money! Plus, your family – such as a spouse or children under 18 – can also benefit from this freedom. The program … Qu, 36, who first found fame as a pop singer, then as the de facto first lady of Vancouver when she was the girlfriend of then-mayor Gregor Robertson, expressed confidence in the handling of the case by the “perfect and righteous” Chinese justice system in 2018.Get the latest insights and analysis from our Global Impact newsletter on the big stories originating in China. Last month, Sinopharm told the press its vaccine had 79.34 per cent efficacy, a non-peer-reviewed rate based on an interim analysis of phase-three clinical trials. I doubt it. But advisers warned Lam’s latest plan would not speed up the roll-out, as Sinopharm had yet to publish any third-round clinical data in medical journals, with one expert stressing the widespread use of the vaccine in mainland China would not be a factor in considering emergency approval for Hong Kong. For the one that has been authorised by the secretary for food and health … the supply will only come by the end of February from Germany,” she said, referring to the BioNTech shots. Last year, Portugal issued 1,182 golden visas. Hui also said Sinovac, maker of CoronaVac, the other mainland vaccine that Hong Kong had already procured, did not seem to have any incentive to submit its third-stage data to local authorities for regulatory approval soon, as it had received many purchase orders worldwide and gained approval in Indonesia, Turkey, Brazil and Chile. According to their trial results, less than 0.1 per cent of subjects experienced mild fevers while serious allergic reactions occurred in about two per million people. “[Investigators] said during the interrogations that Zhang Mingjie would definitely get the death sentence, and if she did not disclose everything honestly, they would arrest [her] relatives. The city’s first such lockdown was off to a questionable start last weekend after the news was leaked by the media an entire day in advance, giving residents of affected buildings plenty of time to move out and avoid being confined to their homes for 48 hours. Qu and Robertson broke up in 2017.More from South China Morning Post:Pop star Wanting Qu issues update on mother’s death-penalty case, declaring Chinese law ‘perfect and righteous’Vancouver’s Mayor Gregor Robertson splits with pop star Wanting Qu, whose mother faces possible death penalty in ChinaChinese corruption prosecutors seek death penalty for mother of Wanting Qu, pop star girlfriend of Vancouver’s mayorThis article Canadian singer Wanting Qu shares claim that US$54 million Chinese corruption charge against mother is withdrawn first appeared on South China Morning PostFor the latest news from the South China Morning Post download our mobile app. Joe Biden to work with allies to stop China’s ‘economic abuses’And in recent days, the community had launched fundraising campaigns aimed at raising awareness and helping to defend three Chinese-American scientists who supporters have said are victims of the China Initiative.That effort has raised over US$750,000 with GoFundMe campaigns for Gang Chen, a 56-year old Massachusetts of Technology professor charged earlier this month with grant fraud for allegedly hiding his relationship with China; University of Kansas chemist Feng ‘Franklin’ Tao, charged with fraud and making false statements stemming from his research work with China; and Texas A&M; University professor Zhengdong Cheng, charged with conspiracy, making false statements and wire fraud.In a November press conference on the second anniversary of the initiative, FBI director Christopher Wray and Justice Department officials gave themselves high marks for investigating and prosecuting trade secret theft and economic espionage, countering threats posed by Chinese foreign investment, exposing supply chain vulnerabilities and building public awareness on dangers posed by Beijing.“The Chinese Communist Party’s theft of sensitive information and technology isn’t a rumour or a baseless accusation,” said FBI director Christopher Wray. Tardive Dyskinesia signs may be more subtle than you might think. Ex-city leader CY Leung refuses to back down on chief executive election row Sinovac’s partner in Brazil, the Butantan Institute, earlier announced a 50.4 per cent general efficacy rate, offering protection against severities caused by Covid-19, and also mild cases not requiring treatment. China’s courts have a 99.9 per cent conviction rate, according to the China Law Yearbook. While capital values of luxury homes in Lisbon declined, overall prices across Portugal rose 5.9 per cent last year, making housing unaffordable for many locals amid the coronavirus pandemic that saw the economy contracting by 8 per cent. Another really attractive benefit is that you can move freely within the Schengen area, without having to worry about the 90-day rule. That makes it difficult to take a softer line on any policy with “China” in the title, they have said. Let's take a closer look, where should you invest instead of Lisbon, Porto or Algarve? Golden visa legislation in Portugal allows a 30% reduction in the qualifying limit through investment in buildings which are over 30 years old and in need of renovation work. Visa Free travel - The ability to move freely between the 186 countries of the Schengen Area is highly appealing to those who travel for business, and also those looking to explore the world without having to worry about the limitations of a 90 day stay. The vaccine Lam has requested, developed by the Beijing Institute of Biological Products under the China National Pharmaceutical Group (Sinopharm), was conditionally approved by mainland authorities in December. But last September, she decried on Weibo that there was “still no result” on the anniversary of her mother’s arrest, and she was “trying to keep faith in justice”. The infected resident was sent to hospital for treatment and the patient’s close contacts were quarantined.Get the latest insights and analysis from our Global Impact newsletter on the big stories originating in China. Get the latest insights and analysis from our Global Impact newsletter on the big stories originating in China. What is meant here? Visit our website to find out about the Portugal Golden Visa programme and exciting property investment opportunities. Her first album, “Everything in the World”, went platinum in China in 2012, and she sang on CCTV’s 2013 New Year’s telecast. The vaccine has been rolled out across the mainland – pending full results of third-stage clinical trials – with about 200 pro-Beijing politicians in Hong Kong having received their first doses last week on a trip to Shenzhen, as part of precautions before attending the plenary sessions of China’s legislature and its top advisory body in March. People prefer Portugal residency visa so that it can open the door of European Union countries to them for free travelling, working, residing etc. There are currently an estimated 2,500 FBI investigations under way and a new one is reportedly opened every 10 hours on average.Asian-American activists said individuals who break the law should be punished. I travel back and forth to usa every 90 days because I have business that requires it. It demanded that “justice be served” and questioned whether there was “something fishy going on”. The Portugal Golden Visa program, also known as the residence permit for investment activity (ARI), is a residency by investment scheme designed for non-EU citizens. 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