The program has officially raised €7.3bn. But counting the already-made investments still awaiting approval, the total exceeds €11 billion.
Mimoun Assraoui and Eric Major have big plans for Latitude and aim to unite the industry by making the Investment Migration Council more inclusive.
While significant changes took place within programs, the global total has remained stable. But several new firms are now blacklisted.
Grenada CIU-boss Thomas Anthony says he’s “having the time of my life” right now and is focused on clearing his 2023 backlog by H1 next year.
Motivated by the weekend’s protests over housing affordability, the PM has agreed to the extreme left’s demands to end the NHR regime in 2024.
Out of veto options, Portugal’s President last night finally signed the new housing bill into law, enacting the new golden visa rules.
The State Secretary said the decision was motivated by “the minimal use of the scheme,” along with “the critical discussion” in the EU.
The new guideline “poses significant challenges for Thai tax residents,” emphasizes the Australian Chamber of Commerce in Thailand.
Following raids, skittish local banks say they will keep a closer eye on clients holding second passports from CBI jurisdictions.
While it was always assumed Russian applicants had driven the program’s meteoric rise, the extent of their impact is only now becoming known.
The SEF tackled only about 0.8% of its backlog of unprocessed applications in August. Meanwhile, hundreds of new applications piled up.
Investment migration people in the news this week.
In Panama, income-based visas are flying off the shelf like never before, while investment-based visa demand is plateauing.
The question on everyone’s mind is if other Caribbean CIPs will raise prices like Saint Kitts. IMI contacted each to get an answer.
Get ready for IMI Connect and Global Citizen Week this November: Two conferences for the price of one across four days of activities.
“If or when BTC goes up, your loan-to-value ratio goes down, so your house is appreciating, and so is the asset you’re borrowing against.”
This week on the Mobility Standard, IMI’s editor Christian Nesheim is a guest on the My Latin Life podcast.
With half a year to spare, Grenada’s CIP has already set a new annual revenue record of EC$573m, two-thirds of it in the form of real estate.
While application volume is up 262%, processing is up only 142%. Net result: A sudden and unprecedented backlog worth EUR 1.75 billion.
Parliament is likely to finally push through legislation next month, at which point golden visa real estate investment will be off the table.