Australia announced its decision to end a major visa programme that was targeted at attracting wealthy investors. Affluent overseas investors were granted the right to live in the country under the plan dubbed as "golden visa" scheme.

Australia terminates ‘golden visa’ in immigration overhaul over ‘poor economic outcomes’

Australia's Business Innovation and Investment Programme (BIIP) was introduced in 2012 with the aim of attracting wealthy business owners, investors, and entrepreneurs to boost the economy by bringing in capital and driving innovation.

Wealthy Chinese stuck in limbo as Australia rethinks its 'Golden Visa' scheme

Portugal announced on Thursday, February 16, that it will end its controversial Golden Visa programme for new foreign property buyers. The announcement came in wake of housing crisis in Portugal, which is among the poorest countries in Western Europe.

Portugal to end Golden Visa, curtail Airbnb rentals to address local housing crisis

Portugal's 'Golden visa' is facing a threat of being scraped. Prime Minister Antonio Costa says the scheme has "fulfilled its role". @MollyGambhir tells you more

Gravitas: Portugal likely to scrap 'Golden Visa' scheme