Odisha News, Odisha Latest news, Odisha Daily - OrissaPOST
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
No Result
View All Result
OrissaPOST - Odisha Latest news, English Daily -
No Result
View All Result

Rich or penniless, Venezuelans flock to Madrid

Updated: February 10th, 2019, 10:12 IST
in International
0
Share on FacebookShare on TwitterShare on WhatsAppShare on Linkedin

Madrid: Fleeing the political, economic and humanitarian crisis in their country, Venezuelans have arrived in Spain in their thousands, some of them penniless, others so rich they are buying sumptuous flats.

Fran Leal, 36, came to Spain from Maracay in northern Venezuela two months ago with his wife and two children.

Also Read

Representational Image

Iran strikes fully loaded oil tanker off Dubai coast as gas reaches USD 4 gallon in US

21 hours ago
Pic-IANS

National gas average hits USD 4.02 amid Middle East tensions

1 day ago

“Do you have a small suitcase? I’m going to Toledo, I’ve found a job,” he asks as he enters the Casa Venezuela, an association that helps struggling Venezuelans in Madrid.

An electrician, he is going to the city south of Madrid to work illegally for six months.

“I don’t have a choice as I don’t yet have ID papers and I have no more savings,” he says, as the crisis in Venezuela deepens with opposition leader Juan Guaido’s self-proclamation as interim president.

Unlike Leal, Juan Leonardo Lopez has not found a job since he arrived three months ago.

“Before the crisis, I wasn’t a millionaire but I lived fine, I had a great car and everything I needed,” he says at a Venezuelan opposition protest in Madrid.

He says he saw children die of dehydration in the hospital in Maracay where he worked.

Spain’s statistics agency says some 255,000 Venezuelans have settled in the country.

But that figure is likely to be closer to 300,000 if illegal immigrants are taken into account, according to Tomas Paez, head of the Venezuelan Diaspora Observatory.

Venezuelan asylum requests have nearly doubled in Spain over the year, with close to 20,000 in 2018, according to the interior ministry.

But only 29 were successful last year, the ministry says, as it is hard for those who migrate for economic reasons to get asylum.

As a result, Madrid has started giving some Venezuelans humanitarian visas.

At the other end of the scale, many rich Venezuelans have also emigrated to Spain over the past year to escape the crisis and insecurity.

Cesar, a 42-year-old businessman who declined to give his surname, arrived in Madrid in 2014 with his wife and daughter after an armed group tried to kidnap his brother.

“We lived permanently with bodyguards, we would move around in armoured cars. We couldn’t go out in the evenings,” he says.

“Here, we’re enjoying what we no longer had in Venezuela: going out, eating out,” says the head of a consultancy in Madrid, which still has an office in Caracas.

Unlike those who are struggling, he was able to get an express residency permit after getting a “golden visa” for which one must invest at least one million euros (USD 880,000) in Spanish companies or 500,000 euros in real estate.

Cesar bought three flats in the district of Salamanca in Madrid for 800,000 euros.

Such has been the affluence of Venezuelans in this upmarket area that it has been named “Little Caracas” by Spanish media.

Controversial due to the difficulty in verifying the origin of the funds used, the “golden visa” is very popular among rich Venezuelans.

Last year, 249 such visas were given to Venezuelans in Spain, nearly 20 percent more than in 2017, according to the foreign ministry.

Angel Garcia Loriente, a real estate agent who specialises in luxury purchases, says he sealed five deals with Venezuelans in 2018 for a total of 9.7 million euros.

They are clients who want flats “in elegant buildings,” he says.

According to Juan Carlos Gutierrez, the Madrid-based lawyer of Venezuelan opposition figure Leopoldo Lopez who also has wealthy Venezuelan clients, they have fled “insecurity.”

They also “want to enjoy their money as it is impossible to run a successful business in Venezuela in the current conditions.”

AFP

Share2TweetSendShare
Suggest A Correction

Enter your email to get our daily news in your inbox.

 

OrissaPOST epaper Sunday POST OrissaPOST epaper

Click Here: Plastic Free Odisha

#MyPaperBagChallenge

Sitakanta Mohanty

December 12, 2019
#MyPaperBagChallenge

Sibarama Khotei

December 12, 2019
#MyPaperBagChallenge

Subhajyoti Mohanty

December 12, 2019
#MyPaperBagChallenge

Aman Kumar Barisal

December 12, 2019
#MyPaperBagChallenge

Amritansh Mishra

December 12, 2019
#MyPaperBagChallenge

Adyasha Priyadarsani Sendha

December 12, 2019
#MyPaperBagChallenge

Geetanjali Patro

December 12, 2019
#MyPaperBagChallenge

Pratik Kumar Ghibela

December 12, 2019
#MyPaperBagChallenge

Tapaswini Mallick

December 12, 2019
#MyPaperBagChallenge

Narendra Kumar

December 12, 2019
#MyPaperBagChallenge

Priyabrata Mohanty

December 12, 2019
#MyPaperBagChallenge

Matrumangal Jena

December 12, 2019
#MyPaperBagChallenge

Nishikant Rout

December 12, 2019
#MyPaperBagChallenge

Anup Mahapatra

December 12, 2019
#MyPaperBagChallenge

Bijswajit Pradhan

December 12, 2019
#MyPaperBagChallenge

Archit Mohapatra

December 12, 2019
#MyPaperBagChallenge

Sipra Mishra

December 12, 2019
#MyPaperBagChallenge

Lopali Pattnaik

December 12, 2019
#MyPaperBagChallenge

Ramakanta Sahoo

December 12, 2019
#MyPaperBagChallenge

Rajashree Pravati Mohanty

December 12, 2019
#MyPaperBagChallenge

Rajashree Manasa Mohanty

December 12, 2019
#MyPaperBagChallenge

Ramakanta Sahoo

December 12, 2019
#MyPaperBagChallenge

Keshab Chandra Rout

December 12, 2019
#MyPaperBagChallenge

Anshuman Sahoo

December 12, 2019
#MyPaperBagChallenge

Vandana Singh

December 12, 2019
#MyPaperBagChallenge

Ankita Balabantray

December 12, 2019
#MyPaperBagChallenge

Archana Parida

December 12, 2019
#MyPaperBagChallenge

Adweeti Bhattacharya

December 12, 2019
#MyPaperBagChallenge

Pratik Kumar

December 12, 2019
#MyPaperBagChallenge

Sarfraz Ahmad

December 12, 2019

Archives

Editorial

Trump Trapped

Donald Trump
April 1, 2026

It is the fifth week running since US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu launched the war...

Read moreDetails

Not Forgetting Myanmar

March 31, 2026

While a big war is being waged in the Middle East, global attention has moved away from another theatre of...

Read moreDetails

Fuel Politics

Fuel Politics
March 30, 2026

Fuel has been a long-time great economic and political tool in the hands of the government in India. It enables...

Read moreDetails

Selective Outrage

Aakar Patel
March 29, 2026

Consider this thought experiment. Imagine that two large missiles struck the White House. The first hit the residential quarters at...

Read moreDetails
  • Home
  • State
  • Metro
  • National
  • International
  • Business
  • Editorial
  • Opinion
  • Sports
  • About Us
  • Advertise
  • Contact Us
  • Jobs
Developed By Ratna Technology

© 2025 All rights Reserved by OrissaPOST

  • News in Odia
  • Orissa POST Epaper
  • Video
  • Home
  • Trending
  • Metro
  • State
  • Odisha Special
  • National
  • International
  • Sports
  • Business
  • Editorial
  • Entertainment
  • Horoscope
  • Careers
  • Feature
  • Today’s Pic
  • Opinion
  • Sci-Tech
  • About Us
  • Contact Us
  • Jobs

© 2025 All rights Reserved by OrissaPOST

    • News in Odia
    • Orissa POST Epaper
    • Video
    • Home
    • Trending
    • Metro
    • State
    • Odisha Special
    • National
    • International
    • Sports
    • Business
    • Editorial
    • Entertainment
    • Horoscope
    • Careers
    • Feature
    • Today’s Pic
    • Opinion
    • Sci-Tech
    • About Us
    • Contact Us
    • Jobs

    © 2025 All rights Reserved by OrissaPOST