Authorities detained 10 suspects, including two lawyers and one government employee.
The group is suspected of exploiting special provisions for foreign skilled workers to issue residence permits to hundreds of wealthy foreigners, primarily Chinese nationals but also individuals from the Arab region.
Clients paid between 30,000 and 350,000 euros to the lawyers, who then created fictitious companies to employ the clients and issued them salaries on paper. This facilitated their acquisition of residence permits in Germany.
There usually is a big amount of money that if invested in country’s long term stock, grant you citizenship. I think for Italy is 500k euros, don’t know about Germany
No, this was actually an illegal scheme rather than an official one by the government like the one in Italy. Here, government officials took bribes to grant these rich foreigners fraudulent residency permits.
New Zealand has an investor visa which grants permanent residence but not citizenship. Wouldn’t be surprised if any other countries do that too.
This seems to also be the Italian scheme.
I read the article, I wrote the previous post because 350k is a lot of money but is not that far from 500k, the amount for an investors visa in Italy and I don’t know the amount for that IN Germany
There’s no investor visa in Germany as far as I’m aware, only worker visas like the ones fraudulently obtained here.