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Portugal's golden visa proves to be popular with rich investors
Bloomberg Television· 2025-10-21 13:30
Golden Visa Program Status - Several European countries, including Spain, the Netherlands, and Ireland, have discontinued their golden visa programs, while Portugal's program remains active [1] - Portugal revamped its golden visa program in 2023 due to concerns about rising house prices attributed to foreign investors [1] Investment and Economic Impact - Portugal's golden visa program offers routes to citizenship through a €500,000 investment in domestic funds or a €250,000 donation to cultural heritage projects [2] - The Portuguese golden visa program is significantly cheaper than the US equivalent, which requires a $5 million investment [2] - A museum in Kamul, Portugal, has raised over €20 million through golden visa donations [3] - Applications for Portugal's golden visa program surged by 72% in 2024, reaching nearly 5,000, an all-time high [4] - The program has generated more than €7 billion up to 2023 [4] Economic Performance and Criticism - Portugal's economy is growing at twice the rate of the Euro zone average [5] - Critics argue that the funds generated by the golden visa program should be directed towards other sectors in need, such as hospitals and schools [4][5]
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Bloomberg· 2025-10-15 06:38
Indonesian regulators are planning to raise foreign investment limits for the country’s $50 billion mutual-fund sector https://t.co/l5IJthSDNa ...
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BSCN· 2025-10-07 08:22
COMMENT: Exchanges must offer trading pairs in Vietnamese dong and permit foreign investor access through approved CASPs.BSCN (@BSCNews):VIETNAM TO LIMIT CRYPTO EXCHANGE PILOT TO FIVE LICENSED OPERATORS- Vietnam’s Ministry of Finance will authorize only five licensed exchanges under a new pilot program.- The move follows Resolution 05/2025/NQ-CP, approved in September, which established a five-year framework https://t.co/XcQ1Ra0Scp ...
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Bloomberg· 2025-10-02 08:16
Regulatory Change - Saudi regulators propose removing qualification requirements for foreign investors [1] - This allows direct investment in local equities for the first time [1] Market Impact - The change potentially opens Saudi stock market to broader foreign participation [1]
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Bloomberg· 2025-09-30 12:14
Policy Change - Uruguay will significantly increase the payment required from wealthy foreigners for tax breaks in the coming year [1] - This change impacts thousands of investors who were previously attracted by these tax incentives [1]
Billionaire says $2.3 billion Banamex stake signals confidence in Mexico's economy
Yahoo Finance· 2025-09-25 23:54
MEXICO CITY (AP) — A day after Citigroup announced it would sell a 25% stake in Banamex to billionaire Fernando Chico Pardo, the Mexican businessman said his $2.3 billion investment should be read as a sign of confidence in Mexico’s government and economic potential. The sale, which is expected to be completed next year after Mexican regulators sign off, comes after Citigroup announced in January 2022 that it was moving away from retail banking in Latin America. Mexico’s then-President Andrés Manuel Lópe ...
Saudi Arabia will let foreigners take stakes in local companies
Bloomberg Television· 2025-09-25 06:00
Saudi Arabia is set to allow foreigners to own majority stakes in local companies. Currently, there is a cap of 49% for listed companies. Bloomberg Saudi Arabia bureau chief Christine Burke joins us now from Riad.Christine, what do we know about this. It seems to be a really major development. Yeah, Jamaat, this is really a big step.So we had an opportunity to sit down exclusively with the CMA and we asked them point blank when will regulators lift this majority foreign ownership rule that has been in place ...
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Bloomberg· 2025-09-24 10:14
Saudi Arabia is set to allow foreigners to own majority stakes in local companies as ownership curbs in the region will be eased.Bloomberg's @joumannatv and @cmarie_burke report https://t.co/42SFUomN9g https://t.co/SVs9YcziTl ...