Home Travel & Adventure European Golden Visa Landscape Dominated by Chinese and Russian Nationals, Reveals Data

European Golden Visa Landscape Dominated by Chinese and Russian Nationals, Reveals Data


In the past years, citizens of China and Russia have benefited the most from the Golden Visa Program offered in several European countries.

The Residency by Investment scheme permits wealthy foreign nationals to acquire residency in territories that offer such opportunities if they invest financially and meet some required conditions that differ among them.

However, Russia’s invasion of Ukraine has led a large number of European countries to impose harsh sanctions on Russia as a response, including limiting the number of golden visas issued to Russian nationals.

In addition, in March last year, the European Commission called on the Member States running residency and citizenship by investment schemes to review all beneficiaries from Russia and Belarus to ensure they are not part of the EU’s list of sanctions related to the war in Ukraine.

“The Commission is urging Member States to repeal any existing investor citizenship schemes immediately and to ensure strong checks are in place to address the risks posed by investor residence schemes,” the statement provided by the Commission noted.

In 2022, Spain’s Ministry of Foreign Affairs and the Ministry of the Interior as well as the Ministry of Social Security, agreed to suspend the issuance of golden visas for Russian nationals.

Yet, local media reports earlier this year said that Spain continues to issue golden visas to Russian nationals in spite of suspending the issuance of such visas to them.

For a period from 2013 until April 2018, a total of 7,118 nationals from China benefited from Spain’s Golden Visa Scheme and 4,715 Russians, according to the figures from Transparency International.

Besides, according to the figures from the Ministry of Integration, Social Security and Migration that Interia has secured, a total of 11,464 individual permits, as well as 19,805 family reunion permits, were issued during the decade.

The same source notes that in the last year alone, a total of 2,462 people received them. Of the total number of visas, almost half were granted to Chinese nationals, while every fifth visa recipient was a resident of Russia.

In Greece, for a period from 2013 to 2018, 1,395 Chinese nationals benefited from the Golden Visa scheme, and 429 nationals from Russia, based on the figures from Transparency International.

Earlier this month, authorities in Italy announced that they halted the issuance of the Investor Visa Program for nationals from Russia and Belarus. The decision was confirmed by the Ministry of Enterprises and Products.

“We communicate the suspension of the program for Russian and Belarusian citizens as per the provision of the President of the Committee of 14 July 2023 (the manager Ministerial Maurizio Montemagno, ed) in compliance with Recommendation C (2022) 2028 of the European Union,” the statement notes.

The decision of authorities in Italy came a year after the recommendation of the European Commission.

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Monte OZ
Monte OZ is a highly accomplished and respected international freelance journalist, travel and active adventure reporter, and leading entertainment & lifestyle blogger based in Africa. With a passion for storytelling, a sense of adventure, and an eye for all things captivating, Monte has become a prominent figure in the world of travel, entertainment, and lifestyle journalism. Born and raised in Africa, Monte developed a deep appreciation for the continent's diverse cultures, rich heritage, and vibrant entertainment scene. His upbringing fueled his desire to share Africa's untold stories and showcase its dynamic lifestyle to a global audience. Monte's extensive experience and expertise have made him a sought-after authority on all things related to travel, adventure, entertainment, and lifestyle in Africa. As an international freelance journalist, Monte has made significant contributions to various prestigious publications worldwide. His captivating articles, insightful interviews, and engaging features have graced the pages of leading entertainment magazines, lifestyle publications, and reputable news outlets. Monte's unique ability to capture the essence of Africa's entertainment and lifestyle scene has garnered widespread acclaim and recognition. With a love for exploration and a thirst for adrenaline, Monte also thrives as an active adventure reporter. He has embarked on daring expeditions, immersing himself in Africa's wild landscapes, and documenting his adrenaline-pumping experiences. Whether it's conquering treacherous peaks, exploring remote jungles, or engaging in heart-pounding activities, Monte's adventurous spirit and daring escapades inspire readers to embrace their own sense of adventure. In addition to his work in journalism and adventure reporting, Monte is a leading entertainment & lifestyle blogger in Africa. Through his influential blog, he offers readers an insider's view of the continent's vibrant entertainment scene, trendy hotspots, fashion trends, culinary delights, and cultural experiences. Monte's unique blend of storytelling, personal insights, and expert recommendations has made his blog a go-to resource for entertainment and lifestyle enthusiasts seeking the pulse of Africa's dynamic culture. Beyond his professional pursuits, Monte is a passionate advocate for promoting Africa's talent, creativity, and cultural diversity. He actively supports and champions emerging artists, musicians, designers, and entrepreneurs, helping to showcase their work to a broader audience. Monte's dedication to promoting Africa's vibrant entertainment and lifestyle industry has positioned him as a respected influencer and tastemaker within the African and global entertainment communities. With a commitment to excellence, a passion for exploration, and a talent for captivating storytelling, Monte Oz continues to captivate audiences worldwide. As an international freelance journalist, travel and active adventure reporter, and leading entertainment & lifestyle blogger, his work has left an indelible mark on the world of journalism, travel, and entertainment, solidifying his position as a trusted authority and go-to resource for all things related to African travel, adventure, and lifestyle.