There are several nationalities belonging to the third world for whom this is a godsend (not this one particularly, but others in the region). As an Indian national, I have to undergo a painful process to procure a tourist visa, which is often valid only for a few days. Something like this which let's me work remotely for clients based over Europe and North America, and let's me travel through Schengen without any stress is really a game changer.
Correct. It is very explicitly targeting tourists who want to stay for more than 90 days, up to 180 days. Basically this is a convoluted method of extending tourism to rich tourists for a longer (specifically, a double) period of time to have them pump more of their money into the country. That's all.
