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2 The Portugal News • 13 Oct 2018                                   News


                                    Golden visa abuse warning                                                                                 N N N N N


                                                                                                                                            BRENDAN
                                                                                                                                             DE BEER
      ANGLOPRESS Edições e Publicidade, Lda
                                    Portugal has this week come under fire from
      Copyright ©2005 Anglo Press Lda.
      The Portugal News
      The Portugal News
      The Portugal News             anti-corruption organisation Transparency
      The Portugal News is part of the
      The Portugal News
      Portugal News Group established
           Depósito Legal Nº
           Depósito Legal Nº
      1977. Depósito Legal NºDepósito Legal Nº 80258/94  International for the lack of clarity surrounding
           Depósito Legal Nº
      DIRECTORS
      DIRECTORS
      DIRECTORS                     the popular golden visa scheme.
      DIRECTORS
      DIRECTORS
      Paul Allen-Luckman
      publisher@theportugalnews.com        n 88-page report      the wide discretion given to
                                           published on          public officials working in
      Madeline Luckman
      copy@theportugalnews.com             Wednesday criticises  regional immigration and
                                    Amany EU countries,          borders services offices open
      CONT
      CONT
      CONTACTSACTS                  including Portugal, and raises  opportunities for inconsistent
      CONTACTS
      CONTACTSACTS
      Postal Address:
      Postal Address:
      Postal Address:
      Postal Address:               serious concerns over risks of  application of the rules”, the
      Postal Address:
      Apt 13 • 8401-901 • Lagoa     money-laundering and to the  report reveals in its chapter on
      Courier Address:
      Courier Address:              security of the EU and its   Portugal.
      Courier Address:
      Courier Address:
      Courier Address:
      Rua Município de S. Domingo   Member States.               While some changes have been
      Urb.Lagoa Sol • Lote 3 r/c    Around €25 billion in foreign  made to the programme
      8400-415 Lagoa                direct investment has flowed into  following the arrest of high-
                                    the EU through these schemes  ranking government officials and
      Classified
      Classified
      Classified  +351 282 380 315
      Classified
      Classified:
                                    over the last ten years. Portugal is  the former SEF Immigration
      Sales:
      Sales:
      Sales:
      Sales:     +351 282 380 310   among the front-runners, with an  Office chief back in 2017, “no
      Sales:
      Accounts:
      Accounts:
      Accounts:  +351 282 343 653   estimated four billion euros of  significant adjustments have
      Accounts:
      Accounts:
                                    this total being transferred to the  been made” since then.
      Newsdesk:
      Newsdesk   +351 282 380 313
      Newsdesk
      Newsdesk
      Newsdesk
                                    country by third nationals seeking  Concern is also levelled at the
      General:
      General:
      General:
      General:
      General:   +351 282 341 100   residence and/or Portuguese  fact that the Immigration and
                                    passports.                   Borders Service does not check
      Email:  info@theportugalnews.com
      Email:
      Email:
      Email:
      Email:
                                    The report, compiled in      whether applicants are subject to
      Web:
      Web:
      Web:                          conjunction with Global Witness,  ongoing investigations or open
      Web:
      Web:  www.theportugalnews.com
      PRINT & DISTRIBUTION
      PRINT & DISTRIBUTION          says golden visa schemes have  criminal complaints outside of
      PRINT & DISTRIBUTION
      PRINT & DISTRIBUTION
      PRINT & DISTRIBUTION
      Printers:  Unipress, Porto
      Printers:                     seen the EU welcome over     Portugal.
      Printers:
      Printers:
      Printers:
      Print-run:                    100,000 residents, with Portugal,  “There also seem to be no
      Print-run:
      Print-run:
      Print-run:
      Print-run:
      19,231 copies this edition
      19,231 copies this edition    Spain, the UK, Hungary and   checks on applicants’ source of
      19,231 copies this edition
      19,231 copies this edition
      19,231 copies this edition
                                    Latvia topping the list of EU states  wealth and funds used for
      Distributors:                 VASP
                                    where resident permits are most  investment”, says Transparency
      Member of  apct               easily handed out to foreigners.  International, and added that
      audited circulation
                                    The report, titled European  “enhanced checks should be
      PRODUCTION                    Getaway – Inside the Murky World  extended to all family members.”
      PRODUCTION
      PRODUCTION
      PRODUCTION
      PRODUCTION
      Publisher:
      Publisher:                    of Golden Visas, says while huge  Investigators at Transparency  Serious question marks have been raised this week with regards to Portugal’s
      Publisher:
      Publisher:  Paul Luckman
      Publisher:
                                                                                              Serious question marks have been raised this week with regards to Portugal’s
                                                                                              Serious question marks have been raised this week with regards to Portugal’s
                                                                                              Serious question marks have been raised this week with regards to Portugal’s
                                                                                              Serious question marks have been raised this week with regards to Portugal’s
      publisher@theportugalnews.com  volumes of money are involved,  International have called for  (Photo: Lusa/Iago Petinga)
                                                                                              (Photo: Lusa/Iago Petinga)
                                                                                              (Photo: Lusa/Iago Petinga)
                                                                                              (Photo: Lusa/Iago Petinga)
                                                                                              (Photo: Lusa/Iago Petinga)
                                    checks for money laundering  increased public scrutiny of
      Editor:
      Editor:
      Editor:
      Editor: Brendan de Beer
      Editor:                       and corrupt and illegal origins of  successful applications, arguing  Party, who has expressed her  system that prostitutes European
      newsdesk@theportugalnews.com
                                    the investment are not especially  that in addition to publishing  opposition to the golden visa  citizenship and is a threat to the
      Photos:
      Photos:                       rigorous.                    details of the number of     investment scheme.           safety of the Schengen zone.
      Photos:  LUSA • Press Association
      Photos:
      Photos:
                                    Portugal is specifically identified  applications received, granted  Ana Gomes, who is also the Vice  “I believe it is a scheme importing
      SALES MANAGER
      SALES MANAGER
      SALES MANAGER                 as an area that poses “high  and refused, the government  President of the European    corruption and organised crime
      SALES MANAGER
      SALES MANAGER
      Sónia Seixas                  risks”.                      should also consider publishing  Commission of Financial Crime,  to the European Union”, she
      sales@theportugalnews.com
                                    Reference is made to a review in  the names of successful  recently said that the golden visa  continued.
      ACCOUNTS MANAGER
      ACCOUNTS MANAGER              which a number of issues that  applicants.                system is a “perverse scheme”.  Gomes explained that she is not
      ACCOUNTS MANAGER
      ACCOUNTS MANAGER
      ACCOUNTS MANAGER
      Gaby Rodrigues                make the residence programme  The report also extensively  She explained that golden visas  against visas being handed out
      accounts@theportugalnews.com  for investment vulnerable to  quotes European Member of   which are aimed at encouraging  to select individuals at no cost
                                    corruption are flagged.      Parliament Ana Gomes, a      investment, most notably in high-  who would benefit Portuguese
      FIND US ON:
      FIND US ON:
      FIND US ON:                   “The lack of clear guidelines and  stalwart of the ruling Socialist  end real estate, stem from “a  society, though indicated that she
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      FIND US ON:
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