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From what I can tell, this is the amount you have to invest into the country, not the application fee. They are similar to US EB-5 investor green cards, but grant a full citizenship.

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My understanding is you get to keep the money. It just has to be invested in a local business that meets certain requirements.

Local consulting firms can build such businesses (for a fee), and they are generally profitable.

It really depends. In some cases, it is actually an investment, either in a company or in real estate. But the real estate may come with requirements, like specific areas in which the property must be, or with restrictions on selling it. In other cases, you can "donate" to a government-managed fund. In that case it's not really an investment cause you'll never see that money again.

Ah, good catch, I missed that detail in the question.

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