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Home Economy

Golden visas. Millions of Russians are frozen in real estate with the silence of the state

Ursula Curtis by Ursula Curtis
May 30, 2022
in Economy
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Golden visas.  Millions of Russians are frozen in real estate with the silence of the state
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The extreme version appears to prevail. For every request for clarification to the SEF, the most common response is silence, or in rare cases, a request for an online appointment.

“We don’t really know what’s going on. We don’t know. No customer has been notified, and the SEF can at least report a suspension of operation for this or that. But no, not a call, not an official statement, nothing,” he shoots.

Bringing the Portuguese state to trial

Some clients, who together have already invested several million euros, are beginning to show signs of impatience.

They started wondering if we could go to court. For them, this is a refusal. For the layman, who is not a lawyer, that’s what they understand when the SEF says it is suspending the proceedings. Then they talk about going to court, because the government created expectations that they could invest.”

Irina says there is a lot of frustration. He recalls: “They tell me: We spent a lot of money, invested, paid taxes, paid fees, can we go to court?”

The lawyer declares that she has no answer at the moment. I have no administrative decision to appeal. It is silence, emptiness, yes, emptiness,” he repeats. He regrets, but says that for now there is still a waiting.

However, there are those who have already lost this ability. “I already have many clients who have given up on investing. Some have sold, for example, excavation homes with money they own or are in the process of being completed. Among the properties, I think none have been sold yet, but there are already many He is considering giving up the investment,” he argues.

Ursula Curtis

“Writer. Analyst. Avid travel maven. Devoted twitter guru. Unapologetic pop culture expert. General zombie enthusiast.”

Ursula Curtis

Ursula Curtis

"Writer. Analyst. Avid travel maven. Devoted twitter guru. Unapologetic pop culture expert. General zombie enthusiast."

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