Real estate and immigration: the most significant events of the week


At the beginning of June, several countries immediately lifted all restrictive measures in force during the Covid-19 pandemic. To travel to Italy, Turkey and Germany, neither European vaccination certificates nor any tests will be required. In Spain, this rule only applies to people arriving from EU and Schengen countries, while testing or vaccination requirements continue to apply for everyone else.

Visa centers in Spain and Italy issue visas to Russians for travel for tourism purposes; you can come to Turkey with a foreign passport, while you can only get to Germany if there are urgent circumstances.

A new type of visa will be introduced in the coming months in Bulgaria, whose authorities want to attract foreign investors engaged in the field of modern technologies. At first, applying for a Bulgarian “startup visa” will be carried out by submitting documents in paper form, and then this procedure can be completed remotely.

For so-called “digital nomads” working remotely, work visas will be introduced in Latvia. This applies not only to IT specialists, but also to lawyers, translators and other highly qualified self-employed persons. The validity of such a visa will be one year with the possibility of extension for another year maximum. In general, EU member states are interested in the arrival of foreign highly qualified specialists, and in this regard, changes are being prepared in the procedure for obtaining residence permits, permanent residence and work permits. There is a shortage of personnel in almost 30 areas, among which priority is medicine, tourism, information technology and logistics.

In turn, the Cypriot authorities have already developed new rules for granting residence permits to citizens of third countries. They apply to hired workers, individual entrepreneurs, investors and everyone who wants to live in this country without carrying out any economic activity. The main requirements for applicants are to have sufficient funds to live on the island without being in competition with Cypriots.

Cyprus became the country that blocked the ban on Russians purchasing real estate in EU countries in the sixth package of sanctions. Despite the temporary cancellation of the local citizenship-by-investment program, property sales here are at a 14-year high, with a sharp rise in the number of foreign buyers.

The investment program for granting citizenship will be closed in Montenegro. Acceptance of documents for it will stop on December 31, 2022, and in the remaining time, candidacies of citizens of Russia and Belarus will be checked much more carefully. Over the entire period of operation of this program, 108 people received Montenegrin citizenship, among whom Russians and Chinese predominated.



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