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Countries apart from the U.S offering ‘golden visa’ in exchange for investments

Investors who contribute at least 2 million dirhams ($544,602) to the UAE economy can qualify for a long-term residence permit, commonly known as the UAE golden visa.

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Many countries offer “golden visas” or similar schemes to attract foreign capital.

Below are some of the most notable programs worldwide:

Europe

1. Greece – Introduced in 2013, Greece’s program grants permanent residency to individuals who invest a minimum of €250,000 ($262,800) in real estate. Residency permits are renewable every five years.

2. Malta – Foreign nationals can acquire citizenship by contributing at least €600,000 to Malta’s economic development, with a required residence period of at least 36 months.

3. Italy – Italy’s golden visa grants residency to investors contributing between €250,000 and €2 million, with visa-free access to the Schengen Area. Cyprus – Requires a minimum investment of €300,000 for foreign nationals seeking residency.

Middle East

4. United Arab Emirates – Investors who contribute at least 2 million dirhams ($544,602) to the UAE economy can qualify for a long-term residence permit, commonly known as the UAE golden visa.

Caribbean

Several Caribbean nations offer citizenship in exchange for economic contributions:

5. Dominica – A minimum investment of $200,000 secures citizenship for applicants and their families.

6. Grenada – Requires an investment of at least $235,000 and grants visa-free travel to several countries, including China, Russia, and the Schengen Area.

7. St. Kitts and Nevis – One of the oldest programs, established in 1984, requires a $250,000 contribution in exchange for full citizenship.

8 Saint Lucia – A minimum investment of $240,000 grants full citizenship, subject to due diligence checks.

9. Antigua and Barbuda – Citizenship is granted to applicants over 18 who invest at least $230,000.

Asia.

10 Thailand – The Thailand Privilege Residence Program offers residency for up to 20 years with a minimum investment of 650,000 baht ($19,299).

Additionally, a Long-Term Residence Program provides 10-year visas for investments starting at 50,000 baht.

11. Indonesia – Launched in 2024, Indonesia’s program offers a 10-year visa to foreign investors contributing up to $10 million, granting them access to the country’s economic opportunities.

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JUST IN: Appeal Court Affirms Okphebholo as Edo Governor

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‎‎The Court of Appeal in Abuja has affirmed Monday Okphebholo as duly elected in the September 21, 2024 Edo Governorship polls, as it affirms the decision of the Tribunal which on April 2 dismissed the petition of Asue Ighodalo of the People’s Democratic Party (PDP) for lacking merit. ‎‎

A three-man panel of the Appeal court, presided over by Justice Mohamed Danjuma, restated the position of the Tribunal which held that the PDP failed to provide sufficient and credible evidence to substantiate their claims of electoral malpractice, irregularities, and non-compliance with the Electoral Act.‎‎

The panel held that the PDP failed to provide sufficient and credible evidence to substantiate their claims of electoral malpractice, irregularities, and non-compliance with the Electoral Act. ‎‎

The Appellate Court agrees with the Tribunal that the Bimodal Voter Accreditation System (BVAS) Machines which the appellants tendered were merely ‘dumped’ as they weren’t demonstrated to prove overvoting.

‎‎This the Court held after it earlier expunged the 133 BVAS machines admitted in evidence at the Tribunal stage of the Governorship tussle. ‎‎

Ighodalo and the PDP were further faulted by the Appellate Court for failing to tender the voter register to prove overvoting.

The Court further adds that BVAS extract doesn’t constitute items with which to prove overvoting. ‎‎It says the documents tendered by the PDP at the Tribunal did not, on their own, prove overvoting, non-holding or cancellation of elections at the polling units.

‎‎To further puncture the case of the PDP, the panel says the 19 witnesses called by the appellants during the Tribunal hearing didn’t help their case.

It says the majority of them did not witness what they spoke about. Moreso, it adds they were insufficient to prove irregularities in polling stations at over 4,000 locations.

‎‎Nigeria’s electoral body, INEC, had declared Okpebholo the winner with 291,667 votes, against Asue Ighodalo of the PDP who garnered 247,274 votes.

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Betta Edu Congratulates President Tinubu On His Two Years In Office

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The former Honorable Minister of Humanitarian Affairs and Poverty Alleviation. former, Dr Betta Edu, has congratulated President Bola Ahmed Tinubu on his Two Years in Office.

Edu, who joined millions of Nigerians and members of the All Progressives Congress, APC to heartily congratulate the president on his second year in office as the President and Commander-in-Chief of the Armed Forces, Federal Republic of Nigeria said the president has been a true father to all.

Her statement reads: Mr. President, Father of the nation.

I join millions of Nigerians and members of our great party, the All Progressives Congress, APC to heartily congratulate you on your second year in office as the President and Commander-in-Chief of the Armed Forces, Federal Republic of Nigeria.

Despite the obvious challenges, your dedication to transforming Nigeria and changing the economic landscape by improving the lives of the citizens in the long run is visible, even to the greatest critics.

It’s has not been an easy ride navigating terrains that even lions won’t dare! Your commitment to hard work and a result oriented leadership is unprecedented.

The focus of your administration on economic rejuvenation is evidently changing the narrative and Nigerians are witnessing the positive impacts, including infrastructural development, education for all, affordable housing, huge improvement in the security situation among others, in just two years.

These positive developments underscore the renewed hope agenda of your administration.

Your Excellency, this was the toughest two years of your four + four years journey leading our nation.

The right foundation has been laid; it’s time for the fruits to blossom.

Forward forever, Nigeria will experience a rebirth, under your dynamic and visionary leader, A Lion is never distracted by the bleats of goats.

Mr. President keeps raising the bar….her statement reads.

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Taraba: Parents, school owners slam WAEC over midnight exams

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There was widespread anger and frustration on Wednesday among parents and school owners in Taraba State after candidates of the West African Senior School Certificate Examination (WASSCE) sat for their English paper late into the night, leaving the examination hall around midnight.

The examination, which was initially scheduled for earlier in the day, was inexplicably delayed by the examination body until about 9:00 p.m., with no official explanation provided.

The majority of the candidates, most of whom are teenagers, were visibly exhausted and wrote the paper under extreme stress.

Despite a heavy downpour, school owners and parents were forced to transport their wards to the examination venues at a time when many would normally be asleep.

A school proprietor confirmed that her students completed their exams at midnight.

She expressed concern over the emotional and physical toll on the students, many of whom had been waiting in school throughout the day.

“As teenagers, they needed to be well-fed and in the right frame of mind to write such a critical paper. I had to take full responsibility for their welfare,” she said.

The proprietor also criticized the poor logistical arrangements by the examination body, revealing that she personally drove out in the rain at night to pick up exam supervisors to ensure the examination could eventually hold.

“I had to buy 30 litres of fuel to power the generator so the hall would be properly lit. This wasn’t part of our plan or budget, and we hope it doesn’t happen again.

”It was gathered that while some students managed to return home around midnight, others who couldn’t had to spend the night in school.

The incident has drawn outrage from both parents and educators, who are calling on the West African Examinations Council (WAEC) to investigate the delay and ensure such a situation does not repeat itself.

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