Launched in 2012, the cash-for-residence programme has performed well financially but also attracted strong criticism from the EU.
Portugal golden visa
Feng Shen pretended to be a United Nations official, duping innocent citizens in China and Portugal out of ‘millions of dollars’.
Changes in Golden Visa regulations spur a rush for residential property, with Britons, French, Americans and Brazilians pushing prices to record levels.
Fast-track residence permit scheme raises more than 6 billion euros in nine years; South Africans, Britons and Brazilians also show keen interest.
Since launching in 2012, investment programme has raised 6.15 billion euros, and issued more than 17,000 residence permits.
