The 'Robinhood of passports' says it's a mistake to ban golden visas — make them fund affordable housing and refugee programs instead

Wed, 04/12/2023 - 11:42

Lisbon — In February, Portugal announced it will stop accepting new applications to its golden visa program as part of a package to help alleviate the housing crisis.
Alexander Spatari/Getty Images

Portugal and Ireland recently announced they are shutting down their "golden visa" programs.
Armand Arton, CEO of Arton Capital, thinks it's a wasted financial opportunity.
Instead, he suggests countries tweak the investment requirements to benefit local residents.

Armand Arton has eight passports.

It's a collection fitting for the CEO (or as Arton prefers, "Chief Global Citizen") of a firm that helps ultra-wealthy people purchase second citizenships.