Russians became the second among foreigners in the number of residence permits in Spain received for investment
The share of Russians in the Golden visa program in Spain is close to 25 %. Russian citizens in terms of the number of residence permits received for investment are second only to the Chinese, writes Investment Migration Insider.
The Spanish residence permit program for investment in 2019 broke the record for the number of main applicants. According to the Spanish labor Ministry, the number of investors rose to 1,422 last year. While in 2018, 1,188 main applicants received the “Golden visa”. Continue reading
The organization for economic cooperation and development (OECD) continues to fight tax evasion and illegal profit-withdrawal schemes. One of the methods is the automatic exchange of information about foreign accounts, which Russia has been participating in since 2018. Tranio experts told about the news concerning persons holding foreign accounts.
In most cases, investments abroad involve the creation of foreign companies and opening accounts in foreign banks. Invoices may be required to purchase real estate or pay for utilities. Continue reading
Investments in development projects abroad bring 7-12 % per annum. At the same time, the rental yield of real estate in Europe is 3-4 %, and the yield on Eurobonds and deposits in European banks is declining. Therefore, now investors are planning to invest in development projects. Although back in 2014, most investors did not consider this option.
Elena Milishenkova, Tranio’s investment product Manager, explains how to make money on development projects abroad.
1. Choose a strategy Continue reading