“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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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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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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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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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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The Home Office saw 52% YoY growth in Turkish Businessperson Visas in 2019. Brexit’s releasing the UK from its Ankara Agreement obligations has something to do with it.
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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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A comprehensive report from the EU’s anti-money laundering watchdog gives cause for both optimism and concern. The IMC largely echoes the sentiment.
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The money-for-rights model of investment migration – while economically successful – is a hard sell, politically. Canada’s model offers a compromise.
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Principle #3 – Listing the number of dependents is a complicated affair in Polygamous societies.
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The Italian Investor Visa (IIV) has been around for almost three years without gaining any meaningful traction. Why?
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2,000 years ago, the Roman Empire conceptualized citizenship; flexible, obtainable via contributions, and not necessarily linked to residence.
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While rejection rates are rising, refusal rates vary markedly between different applicant types; investors, managers, essential employees, and dependents.
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No EU, no Schengen, and a relatively high price tag. Kenya hopes a CIP will help repay its debts. The notion is far-fetched, but not altogether ludicrous.
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These four countries have the necessary economic, demographic, and political ingredients to open Europe’s next citizenship by investment program, writes Ahmad Abbas.
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Portugal’s recent focus on private equity investment funds for Golden Visas reveal investor migrants are now sensitive to sound tax and exit strategies.
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