Portugal’s president says “nao mais!” to its version of EB-5

Portugal’s government wants to end its “golden visas” program in Lisbon and Porto that’s attracted billions of euros in investment to those cities. The program offers visas to foreign investors who spend 500,000 euros on property, similar to the United States’ oft-criticized EB-5 visa program. It was put in place in 2012 and has attracted 4.5 billion euros in investment to the country since then, but Portuguese President Antonio Costa says it’s done its job

source https://therealdeal.com/2020/02/01/portugals-president-says-nao-mais-to-its-version-of-eb-5/