UK to Introduce Electronic Travel Authorization for Non-EU Visitors

The proposed scheme, called the Electronic Travel Authorization (ETA), will require visitors from countries outside the European Union to apply for permission to enter the UK before they travel. The ETA will be similar to the Electronic System for Travel Authorization (ESTA) used by the United States.

According to the government’s announcement, the ETA will “strengthen the UK’s ability to prevent and control the spread of COVID-19 and other viruses and variants”. The system will also improve the government’s ability to identify potential security threats and ensure that only those who pose no risk to the UK are allowed to enter the country.

Under the proposed scheme, travellers will be required to provide their personal details and travel information, including their passport details, the purpose of their visit, and their accommodation details. The application process will be online, and travellers will receive a decision within minutes.

The ETA will be introduced in phases, with the first phase planned to begin in 2024. The scheme will initially be voluntary, with visitors from certain countries required to apply for an ETA before they can enter the UK. However, the government has stated that it may become mandatory for all visitors in the future.

The introduction of the ETA has been welcomed by some, who believe that it will help to strengthen the UK’s borders and improve security. However, others have raised concerns about the potential impact on tourism and the additional costs and administrative burdens that may be placed on travellers.

In response to these concerns, the government has stated that the ETA will be “simple and straightforward” to apply for, and that the cost will be “reasonable”. The government has also stated that the scheme will be regularly reviewed and updated to ensure that it remains effective and efficient.

Overall, the government’s announcement of the ETA scheme represents a significant step towards strengthening the UK’s borders and enhancing security measures, and will likely have a major impact on international travel to and from the country in the years ahead.

Review: Portugal’s Golden Visa

Following the announcement of a new law that will limit non-resident investors in Portugal’s booming property market, some of Europe’s most popular destinations for foreign investment are now seeing a drop in demand. The Golden Visa programme, which allows non-EU citizens to gain residency status by purchasing property worth more than €280,000 (£250,000) has been hugely successful for many European countries but there are fears it could lead to a rise in homelessness as those who had planned on selling up now find themselves stuck with an asset they can no longer sell on at the price they were hoping for.

The Golden Visa programme will be halted

The Golden Visa programme will be halted and replaced by a new law to prevent housing crisis in Portugal, according to the government.

The so-called ‘golden visa’ programme was launched in 2012 as a way for people from outside the European Union (EU) to get residency permits if they invest at least EUR 280,000 (£250,000) into Portuguese companies or assets. It has been criticised for attracting rich investors who buy property but don’t create jobs or contribute much economically.

The country has seen a major influx of foreign property owners coming in as a result of the scheme

Portugal has seen a major influx of foreign property owners coming in as a result of the scheme. It is one of the most popular places for foreigners to buy property and there is a risk that the country will be flooded with foreign property owners if this continues.

Portugal’s economy is growing faster than almost any other Eurozone country and it needs to stop its domestic market being flooded.

Portugal’s economy is growing faster than almost any other Eurozone country and it needs to stop its domestic market being flooded.

The Golden Visa scheme was introduced in 2012 by former prime minister Jose Socrates, who said it would encourage wealthy foreigners to invest in Portugal’s real estate market and help boost the country’s economy. However, since then there has been a major influx of foreign property owners coming in as a result of the scheme – with many buying properties without ever intending on living there themselves.

Those who already have golden visas will still be able to live in Portugal but they may see their benefits cut.

Those who already have golden visas will still be able to live in Portugal but they may see their benefits cut.

Those with a Golden Visa will no longer qualify for tax breaks and will be subject to the same tax laws as other Portuguese citizens.

It is expected that many of those who have bought into Portugal will sell up now that the law change has been announced, which could put pressure on property prices across Europe.

It’s expected that many of those who have bought into Portugal will sell up now that the law change has been announced, which could put pressure on property prices across Europe.

It is predicted that this will be good news for investors looking to buy property in Portugal as it should help to bring down prices and make them more affordable.

There are risks associated with buying investment properties from outside your own country

There are risks associated with buying investment properties from outside your own country. You may not be able to sell it when you want to, or at all. If this happens, then you could end up forced to sell at a loss.

Furthermore, if the property is rented out (as most investment properties are), there may be restrictions on how long tenants can stay in the property and what kinds of rental agreements they sign up for. This means that even if someone wants to rent from you as soon as possible after purchasing their Golden Visa, they might not be able to do so because of these restrictions set by Portugal’s government.

In addition, some countries offer tax benefits for foreign investors who purchase real estate within their borders–but Portugal does not currently offer any such incentives; therefore investors who buy through this program may find themselves paying higher taxes than those who invest locally instead


If you are looking to invest in property overseas, it is important to do your research and understand the risks involved. The golden visa programme was a great opportunity for investors but it has now come to an end in Portugal. This could mean that prices will fall as there are fewer buyers coming into the market from outside Europe who want to purchase their first home or rental property here.

Portugal ends its Golden Visa

On February 16, 2023, the Portuguese government announced that it would be ending the Golden Visa program, which has been a popular route for foreign investors to obtain residency in the country. The program had been in place since 2012 and had generated over 10 billion euros in investment during that time. However, concerns about rising housing prices and the impact of the program on the local housing market have led the government to make this decision.

The Golden Visa program allowed non-EU citizens to invest in Portuguese real estate or other approved investments and receive residency permits in return. The program was seen as a way to attract foreign investment to the country and boost the local economy. However, it also led to a surge in property prices, particularly in Lisbon and Porto, which made it more difficult for locals to afford housing.

In addition to ending the Golden Visa program, the Portuguese government also announced measures to address the country’s housing crisis, including restrictions on short-term rentals through platforms such as Airbnb. Under the new regulations, properties in Lisbon and Porto can only be rented out for a maximum of 90 days per year, while properties in other areas can be rented out for up to 120 days per year.

These measures are intended to encourage more long-term rentals and make it easier for locals to find affordable housing. The government has also announced plans to build more social housing and to introduce tax incentives for landlords who offer long-term rental contracts.

While the end of the Golden Visa program may be disappointing for foreign investors, it is important to note that Portugal remains an attractive destination for investment. The country has a stable political and economic environment, a high standard of living, and a favorable tax regime for foreign investors. The government’s efforts to address the housing crisis may also make it a more attractive destination for those who are looking to live and work in the country long-term.

In conclusion, the end of the Golden Visa program and the government’s efforts to address the housing crisis in Portugal are significant developments that are likely to have an impact on the country’s economy and property market. While there may be some uncertainty in the short-term, these measures are intended to create a more sustainable and affordable housing market, which may ultimately make the country a more attractive destination for foreign investment and long-term residency.

How Much Do I Need to Invest in Greece for a Golden Visa?

How Much Do I Need to Invest in Greece for a Golden Visa

The Greek Golden Visa Program, which was established in 2013, offers a five-year residence permit in exchange for a minimum real estate investment of €250,000 in Greece.

In April 2023, this investment amount will increase to €500,000 for properties in Athens only, but there will be no change in the investment amount if you purchase a property outside Athens.

Your family is welcome to participate in the residency program. You can live in Greece and travel throughout the Schengen area without a visa thanks to the Greek Golden Visa. We at Coates Global have experience in the market because we have assisted hundreds of families in finding the ideal property in Greece and obtaining their Golden Visa. Before you decide, take the first few steps of your journey by learning everything there is to know about the Greece Golden Visa program, including who is eligible to apply, what the investment requirements are, and all other specifics. Let’s start the process.

Benefits of the Greece Golden Visa

Compared to other Golden Visa programs, obtaining a Greek Golden visa residence permit has a number of advantages.

  • Visa-free movement within the Schengen region
  • EUR 250,000 is a comparatively low minimum investment amount.
  • Family members, both immediate and extended, are also eligible.
  • Tax advantages for both residents and non-residents of Greece
  • There is no minimum duration of stay requirement.
  • 5-year permit for immediate residence.
  • A remote application option.

How to Apply for the Golden Visa Greece

The Greek Golden Visa application procedure is not too complicated. Here are the procedures:

  • Choose your investment strategy.
  • Open a Greek bank account and obtain a Greek non-resident tax identification number.
  • Purchase real estate or make your chosen investment.
  • Prepare all of the paperwork required to apply for a Golden Visa.
  • Visit Greece and provide biometric data to the appropriate authorities there.

You’ll be given a Golden Visa once your application has been accepted. The law governing the Greek Golden Visa now permits remote application, including the actual collection of residence permits. Investors will only need to travel to Greece once to submit their biometric data, along with their families.From submission to approval, the application process can take one to two months.

Documents Required to Apply for a Greece Golden Visa

You must submit the following paperwork in order to apply for the Greek Golden Visa program and finish the above steps:

  • Application for the Golden Visa in Greece.
  • Passport photos from recently. Use the handy iVisa online photo service if you don’t have one.
  • Genuine passport
  • A receipt for the necessary government and visa fees.
  • Proof of health insurance coverage in Greece for you and each applicant’s family members.
  • Proof of the source and amount of the investment’s funding.

Additional records depend on the investment, such as a real estate purchase agreement, contracts for investments made in corporations, or a certificate from the Land Registry.

Your documents must be translated into Greek by a Greek lawyer or the Ministry of Foreign Affairs translation service in Athens.

Getting Greece Citizenship through the Golden Visa

You will be given a Golden Visa for Greece as long as you maintain the investment, therefore you visa is renewable every five years. Contrary to the majority of other nations that issue Golden Visas, Greece does not require you to reside there in order to renew your residence permit.

After seven years, you may submit an application for Greek citizenship. You must, however, actually reside in Greece and pay taxes in order to be eligible. An applicant can only finish this procedure if they can show that they have assimilated into Greek society. For instance, passing an exam is required to demonstrate that you have a basic understanding of the Greek language.

Who may Submit a Greece Golden Visa Application?

Greek Golden Visa applicants must fulfill the following requirements:

  • 18 years of age or older
  • You have never been convicted of a crime anywhere you’ve lived.
  • Make a sizable investment in Greece’s economy (see options below).
  • Obtain medical insurance for each member of your family coming with you
  • from a Greek insurance provider.
  • Golden Visas are available to the relatives of Greek nationals.

The Golden Visa application can include family members, such as:

  • Your spouse
  • Children under 21 who are not married
  • Parents who are dependent on you or your spouse.
  • Children studying between the ages of 21 and 24

These family members will have the same privileges as the visa holder and be able to visit any Schengen country without a visa.

Is The Greece Golden Visa Appropriate For You?

You might believe that you require a second passport in order to accomplish your personal and professional objectives, but that isn’t always the case.The Greece Golden Visa is the most flexible European residency program in terms of your actual investment and has the lowest investment requirement.

Furthermore, despite its relatively high property taxes and lack of experience with naturalizing long-term residents, Greece may still be a desirable destination for some investors looking for the best possible treatment.As always, you should seek professional advice before deciding which investment is best for you or where to apply for residency.

Whether it’s Greece or another country with a Golden Visa, we can help you sort it all out. Let’s talk.

Important Changes to the Golden Visa in Portugal

Potential Golden Visa applicants – the Portuguese Government is introducing some major changes to its Golden Visa programme (known in Portugal as ARI).

The new rules will limit the number of Golden Visas granted in the cities of Lisbon and Porto, as well as in other coastal areas, including the Algarve. This is because Portugal now wishes to encourage more foreign investment in its interior regions and the islands of Madeira and Açores.

These changes will start to come into effect on 1 July 2021, when they will be introduced in phases.

The decision to promote more foreign investment in low-density regions (particularly in the areas of urban requalification, cultural heritage, productive investment, activities of high environmental or social value and job creation) was approved within the scope of the Portuguese State Budget for 2020.  This has been on stand-by since the start of the pandemic, but the Portuguese Government has now decided to move forward, whilst still accepting applications to renew residence permits already granted.

Due to the current crisis and the importance of Golden Visa investments to the real estate market, the Government will introduce a transitional period to allow the sector to adapt, rather than launching the new criteria at the beginning of 2021 as originally intended.

Although the restriction of the Golden Visa to the interior of the country (or to low density real estate investments) begins in July 2021, it will not start immediately, but will be introduced gradually up until the end of 2022.

During the transitional period, those interested in obtaining residence permits in exchange for making investments in real estate in the metropolitan areas of Lisbon, Porto and the coast can continue to benefit from the current regime. However, the monetary requirements for access to Golden Visas will become progressively higher, and at the same time the possibility of applying to metropolitan and coastal areas will gradually be reduced. It has not yet been disclosed what the new investment amounts will be.

With this in mind, we strongly advise all potential Golden Visa applicants who wish to invest in Lisbon, Porto or the coast to make their Applications as quickly as possible, before the changes take place.

Chinese investors are seeking new investment opportunities in Portugal under the Golden Visa programme

Chinese investors are seeking new investment opportunities in Portugal under the Golden Visa programme
The exponential awareness of Portugal’s Golden Visa programme has increased the number of investors, specifically Chinese investors, who are flocking to secure the best international investments in addition to safeguarding their family’s future.
Statistics from SEFSTAT reveal that an overall 480,300 worldwide nationals applied to Portugal’s Golden Visa programme between June 2017 – June 2018 with 25,377 of these main applicants coming from both Hong Kong and China. This recent survey confirms that when combined, nationals from Hong Kong and China are one of the leading national groups to apply under Portugal’s Golden Visa programme, running close behind Brasil and other South American countries.
With flexible and accessible investment opportunities, Portugal has become one of the most popular Golden Visa programme in the market. With a minimum investment of €280,000 in real estate, applicants and their family members can obtain a residency permit to Portugal that enables them to live, work and attend educational institutions. Benefits also include no extra tax on income both in Portugal and in the applicant’s home country, visa-free travel to the Schengen countries, no residential requirement and if the investment is in property, applicants have the option to rent it out. The highlight of applying under Portugal’s Golden Visa programme is that applicants and their dependants can obtain a permanent visa within 5 years and citizenship status within a year thereafter.
For more finite details and to explore the opportunities of investing in Portugal, please feel free to contact one of our representatives on 0207 799 1606 or alternatively, email

Portugal’s changes to rental income tax

With the new state budget proposed by the Portuguese Government for the year 2019[1], the taxes for all rents received through rental agreements for residential purposes have undergone some changes. Such changes could see the previous rate of the 28% of income tax being reduced to the following:

– Rental agreements with a minimum period of at least 2 years and up to 5 years may see a reduction to 26%. Please note that per every renewal of a rental agreement, the tax reduces by 2%. The income rate, however, can only be limited to 14% and can go no lower;

– Rental agreements with a minimum duration of 5 years and a maximum of 10 years may see a reduction to 23%. With such rental agreements, for every renewal the tax reduces by 5%, but will go no lower than a 14% rate;

– Rental agreements with a minimum of 10 years and a maximum of 20 years may see a reduction to 14%. In this case, it is not possible to reduce the tax any further;

– Rental agreements with 20 years+ may see a reduction below 14% to 10%. In such cases, there is no possibility to reduce the tax any further.

For all the above rental agreements, it is key that the landlord must effectively communicate when the agreement(s) have been signed and pay the respective stamp duty (10% of the monthly rent to be paid by the tenant) to the local tax office. From the moment that the registration of the rental agreement is concluded as mentioned, the tax rate of each invoice is to be issued by the landlord to the tenant with the automated tax reduction.

The primary reason that the Portuguese Government have taken such measures is to promote the residential renting market for Portuguese nationals and reduce the amount of properties for the short-term rental market.

Recent updates to Portugal’s Golden Visa

The ARI (Residence Authorization for Investment activity) or as it is more widely known as the Golden Visa, launched to grant non-EU citizens with the opportunity of acquiring a temporary residence permit through adhering to one of the following investments in Portugal:

1)A capital transfer of €1million;
2)Creation of 10 new job posts:
3)Real estate acquisition for the sum of over €500,000 for a property that was built within the last 30 years;
4)Real estate acquisition for the sum of over €350,000 for a property that falls under all the following categories – if it was built over 30 years ago, situated in a densely populated urban area and that the investor intends to refurbish the property;
5) An investment of €250,000 in artistic productions;
6) An investment of €350,000 in funds for participation units – similar to shares – that invest at least 60% of the capital in Portuguese companies; or 7) An investment of €350,000 in a company that creates or maintains, at least, 5 job posts.

Recently the Regulative
Decree, n. º 84/2008, that was released as of 05 November – which establishes
the procedures that are to be followed in obtaining this residence permit – has reformed. Various new rules have been introduced to comply with the new kinds of investments:

Regarding the investment in real estate for the minimum sum of €350,000, having the property built over 30 years old and so forth, the applicant now requires to present a document evidencing that the property was built over 30 years ago or alternatively, present a declaration from a Portuguese City Hall stating that the property is situated in an densely populated urban area. In addition, a mandatory document is required to prove that the property is either undergoing refurbishment or will undergo future refurbishments;

The opportunity to make the investment through the acquisition of participation units. This investment option results in the investor presenting a compulsory certificate of ownership to the participation units (similar to shares) along with a declaration stating that the funds invested of at least 60% are to be invested into Portuguese companies. Furthermore, this particular investment option is to generate profits with the funds invested. The necessary documents to instruct the Golden Visa request must be obtained within the management entity of the Fund;

SEF have also released further options to make investments through the following activities: (i) the raise of the share capital of a pre-existent company or acquiring the share capital of a previous partner in addition to the creation of at least 5 new job posts or to retain 5 current employees; (ii) to incorporate a company where the share capital is to be at least the €350,000 in addition to hiring 5 employees. As a requirement for this investment route, the investor is to submit proof of this investment with the company certificate as well as the agreement related with the shares acquisition; or

The investor can choose another route to investment (for example, the transfer of €1 million to a bank account in Portugal) to be held there for the 5-year visa period during the temporary residence permit by changing their investment option. Nevertheless, the new investment must total to the exact amount as the original investment made prior.

Other investment add-ons

In some cases, the total amount of investment could be reduced by 20% if the investor chooses a location that is low income or not densely populated.

For more information, please do not hesitate to contact our team in Portugal:

Marina Andrade, Country Manager/Lawyer
Leite de Campos, Lawyer

Role/policy changes in Coates Global Lisbon Office

Coates Global are proud to announce three key changes in our Lisbon office: the appointment of Portuguese legal specialist Prof Dr Marina Andrade, the introduction of a guarantee of all client questions being answered within two working days and the implementation of more-transparent pricing.

As part of our continuous improvement and expansion efforts, we sought to add a highly qualified expert in Portuguese immigration law to our team. Prof Dr Marina Andrade will oversee the implementation of our new guarantee and our revised fee structure, as well as maintain our high customer service standards.

Our new, clearer fee structure is fully compliant with the EU directive on transparency in the pricing of legal services. Coupled with our new guarantee of answering all client questions within two working days, this will enhance our offering to both individual and corporate clients.

Dr. Marina Andrade brings a wealth of experience in immigration law: after graduating from the Law College of the Portuguese Catholic University, she worked as an independent attorney helping individual clients with their residence permits and tourist visas. She has also advised the Portuguese government and public authorities on the country’s Golden Visa programme and has worked as a law professor at several educational institutions in Portugal and at the Brazilian Institution of Law.

In addition to being a member of several international associations, such as Associação Luso-Brasileira de Direito Comparado, she has published many articles in Portuguese newspapers and magazines, including the article “The Portuguese Golden Visa Program” on World.Tax (
Moreover, she has appeared on Portuguese TV programmes as an immigration law expert.

She is thus well equipped to handle many immigration matters, including:
• Golden Visa applications for main investors and family reunifications;
• Residence visas and permit requests – all types;
• Tourist/Schengen visas;
• Renewal requests;
• Appeals of immigration decisions;
• Citizenship applications;
• Residence registry certificates – for EU citizens who intend to reside in Portugal for more than three month.

Her wider expertise includes real estate issues, specifically:
• Preparation and management of due diligence for properties to be acquired by Golden Visa investors;
• Analysis and preparation of memorandums for such properties;
• Preparation of reservation agreements, sale promissory agreements and final deeds;
• Preparation of rental agreements (and registration of the agreements with the tax authorities);
• Registration of properties with the Property Registry Office, the tax authorities and utility companies; and
• Issuing of notifications to pay the taxes associated with property acquisitions in Portugal.

Prof. Dr. Marina Andrade commented: “With a focus on ethics, quality, compliance and technical excellence, I am confident that I can continue Coates Global’s delivery of outstanding customer service to a wide range of clients on matters relating to Portuguese immigration.”

We welcome Prof. Dr. Marina Andrade as an important member of our new immigration team in Lisbon.


Monaco Residence by Investment programme unveiled

There are numerous advantages to relocating to Monaco, which include both individual and business benefits. The Principality offers incomparable and extremely stable benefits to its residents and citizens due to its outstanding financial capabilities.
Even though the Principality of Monaco is the world’s second smallest country, it is considered one of the most advanced. With its world-class healthcare, education and entertainment, it ranks first in the world for quality of lifestyle and first for GDP per capita.

Advantages of Moving to Monaco:

Monaco, although not part of the European Union, still gives freedom of movement to its people within the Schengen area (countries, such as Germany, France, Spain and Greece). The country is known as a tax-free haven, only paying tax to France as it provides the national security of the country with the French Armed Forces.

Its vital location means that it can provide easy and quick movement to other huge business hubs including London, Paris, Geneva and Zurich. To add, the city-state has a safe and stable backbone to set-up and operate potential businesses in.

The political stability also means the foreigners living in Monaco are safe and share the high quality of life alongside its citizens – with the world’s longest average life expectancy of 89.5 years. The nation has been tax-free since 1870, showing no signs of bringing back a taxation system in the near future.

The country also has one of the most renowned beaches in the Mediterranean Sea; full of palm trees and beautiful temperatures, hitting an average of 27 degrees in the summer. The country hosts the Formula 1 Grand Prix that entertains millions across the globe. It is famous for its successful football team, AS Monaco, which participates in the top league for France.

Residency and Requirements

There are two steps and a few requirements to achieve residency and future citizenship in Monaco. Firstly, a minimum of €1.5million is needed to start the process. €1million must be retained in a Monacan recognised bank, and at least €500,000 must go towards purchasing a property

To acquire full citizenship in Monaco, applicants MUST fulfil all requirements:

– Completed 10 years of residency
– Have no military service in another country, including conscription
– Are required to renounce any current citizenship(s) due to their strict policy against dual citizenship

Further information will be announced in the future.