MMCE and Skerrit Admin. Sign US$370m CBI-Funded Airport Deal – Linton Finds Faults
MMCE, the same company constructing CBI-funded social housing units in Dominica, will build the new US$370m international airport.
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Author: Ahmad Abbas
A Summary of Investigations, Reports, and Legal Actions on Cyprus CIP So Far
As a 780-page report on the inquiry concludes more than half of naturalizations were illegal, Ahmad Abbas summarizes the Cyprus CIP debacle so far.
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Bahamas Amendment Lays Foundation for New Residence by Investment Program
An amendment to the country’s Immigration Act would allow the Bahamian government to specify investment amounts and types starting next month.
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A Brief Summary of the Choksi Saga So Far and Its Implications for CBI
This week has seen a flurry of updates on the Mehul Choksi story. We provide a brief summary of events until now.
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Warren Newfield Responds to PM Mitchell’s Claims in Exclusive Interview With IMI
In an IMI exclusive, Warren Newfield answers questions about whether his resignation was preemptive, if he has the capital necessary to finish the project, why project completion has been delayed several times, and much more.
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Grenada Ambassador and CBI Developer Resigns Over “Anti-Business” Policies – Govt. Responds With Counter-Allegations
CBI-developer Warren Newfield says Grenada’s government has become “anti-business”. The government responds with allegations of its own.
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Canada: Forget the Startup Visa – Focus on Regional Pilots
From real estate to bonds and shares, global investors are spoilt for choice when it comes to investing in residencies. Except in Canada.
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Australia to Raise Investor Visa Min. Investment by Another Million From July
The total investment amount for the Investor Visa will rise from AUD 1.5 to AUD 2.5 million on July 1st.
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Romanian Parliament Considers Digital Nomad Visa Legislation
Digital nomads who own or are employees of a company outside Romania could qualify by demonstrating a monthly income of just EUR 1,100.
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Cyprus Prosecutor Opens Criminal Investigation of Unnamed CBI-Advisors
The accused reportedly face 37 distinct charges, based on the findings of a specialized government panel tasked with investigating the now-defunct program.
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As Cyprus’ CIP Officially Closes, Ministry Says No Deadline Extensions
As the Cypriot program comes to an end, hundreds of applications remain outstanding.
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Immigration Lawyers Optimistic on Prospects for Jus Soli in Portugal This Year
Two months ago, President de Sousa vetoed the amendments that Parliament had approved, but not because he objects to jus sanguinis.
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Cyprus’ Spat With Al-Jazeera Takes on Geopolitical Overtones
Cypriot authorities react to what they consider an injustice; pointing out procedural weaknesses long-since acknowledged and dealt with.
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IMC Welcomes Council of Europe’s Report on Investment Migration
The implication of the report’s recommendations for regulation and common standards is that investment migration is a legitimate business.
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Home Office Encourages Hongkongers to Come to the UK Now and Apply for Leave at Border
“Now that China, through its actions, has changed the circumstances that BN(O) citizens find themselves in, it is right that we should change the entitlements which are attached to BN(O) status.” said the Home Secretary.
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Greece to Target Foreign Pensioners With 7% Flat Tax to Bolster Economic Recovery
The Ministry of Finance has tabled a law that would offer a flat tax of 7% for foreign retirees who transfer their tax residence to Greece.
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Cyprus’ Ruling Party Proposes €500,000 Additional Investment for Parents-in-Law
MPs are fast-tracking CIP-related bills that would make it easier to revoke citizenships and far costlier to include parents-in-law.
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After Rejecting Up to 90% of Applications, Malaysia Freezes MM2H, Again
The government says it aims to relaunch by December, adding “it’s not a permanent closure because the program contributes to our economy.”
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Reactions to MIIP Changes Mostly Positive, But Concerns Raised About Property Minimums
On the whole, reactions to the MIIP’s changes were positive, though the doubling of the property investment minimum has raised some eyebrows.
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Dominica CIP Tightens Due Diligence, Bars Some Nationals From Applying
Irani, Sudanese, and North Korean nationals who haven’t spent the last ten years outside their home countries are now ineligible to apply for Dominica’s CIP.
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