Shanghai Govt. U-Turns on Hukou Cancellation Policy After Outcry

Investment Migration Insider last week reported that Shanghai’s municipal government had announced it would instate, by May 1st, a policy of canceling the hukou (household registration) of Shanghai residents found to have obtained a permanent residence permit abroad. Read: China to Forcibly Cancel Household Registration of Chinese Holding Foreign Residence Permits Following a series of strong reactions,

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China to Forcibly Cancel Household Registration of Chinese Holding Foreign Residence Permits

In a story that has alarmed hundreds of thousands of overseas Chinese, the Shanghai Municipal People’s Government has issued a statement on its official WeChat account in which it informs readers that Chinese nationals holding a foreign permanent residence permit (PR) will have to cancel their Shanghai hukou (户口 – household registration) or have it forcibly

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2 of 3 Investor Immigrants Worldwide Are Chinese Reveals Statistical Analysis

We did the math. The Chinese investment migration market is the investment migration market.  It was no easy task, as data sets don’t lend themselves very easily to apples-to-apples comparisons, sometimes historical records are missing, and sometimes you have to comb through spreadsheets in Greek. Nonetheless, we can say with a great degree of certainty that,

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NZ Investor Visa Has 53% Rejection Rate and 2 of 3 Applicants are Chinese

New Zealand has two separate categories available to investor immigrants: Investor 1 Resident Visa and Investor 2 Resident Visa.  Investor 1 requires an investment of NZ$ 10 million over a three-year period; Investor 2, an NZ$3 million over a four-year period (NZ$1.5 million until May 2017). Since 2007, 1,541 main applicants have received approvals under one of

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Visa-Waiving Goodbye to Travel Restrictions – UAE Scores Visa-Free Travel to China

Over the last decade, no citizenship has improved in quality faster than that of the United Arab Emirates. Yesterday, it added another major feather to its cap. According to the Henley & Partners Passport Index – which, while currently inundated with fierce competitors, is the only ranking that has been tracking the value and quality

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Chinese Account for Half of Antigua CIP Applicants – Program Interest up 27% on Year

In the first half of 2017, Antigua & Barbuda’s Citizenship by Investment Programme received 27% more applications – 187 compared to 147 – than in the first half of 2016, shows the Citizenship by Investment Unit’s 6-month report, published today. The set of figures released covers the period preceding last year’s dreadful hurricane season which, beyond

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Thai Elite Program Revenue Up 64% YoY – China No.1 Market Thanks to Globe Visa, Says Program President

During its fiscal year ending September 30th, 2017, Thailand Privilege Card PLC (TPC) posted revenues of THB 663 million (approx. US$ 20 million), a figure 64% higher than the THB 403 million raised during the same period in the year before, revealed company president Pruet Boobphakam in a press release last week. The TPC, which

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Despite Dwindling Chinese Interest, Portugal’s Golden Visa Still Europe’s Most Popular

During November last year, 93 main applicants spent €55 million on golden visas in Portugal, show figures from Portugal’s Immigration and Borders Service. This compares favorably with the €48 million invested by 78 applicants during the same period in 2016. The cumulative amount raised through Portugal’s Golden Visa program since inception in 2012 now stands at €3.4 billion,

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More Than 20% of Our Applicants Are Chinese Says Head of Thai Residence Program

Thai Elite Residence, one of the world’s newest residence by investment programs, is a departure from orthodoxy in the investment migration market. While the practice of accepting cash donations in exchange for passports is well established among citizenship by investment programs, Thailand is the first to introduce a contribution option for long-term visas. For the

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EB-5 Waiting List Reaches a Dizzying 30,000 Applicants, Nearly All Chinese

Statistics from the National Visa Center released last week show that, as of November 1st this year, 30,259 applicants were on the waiting list for EB-5 visas, 26,725 of whom (88.3%) were Chinese nationals. At 2.2% of the total, Vietnamese applicants made up the second largest nationality represented in the queue, while Hongkongers and Indians

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Canada’s Deportation of Chinese Up 700% Since Last Year, Attributed to Massive Visa-Fraud Case

Of the 15,237 individuals slated for deportation from Canada, 2,066 are Chinese nationals. While the number of persons repatriated from Canada this year has fallen to a record low of 7,364, down from nearly 19,000 in 2012, the number of Chinese citizens deported has risen seven-fold since last year, according to a story in 狮城印象. The

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Greece’s Online Foreclosure Auctions Will be a Hit Among Chinese Investors, Says Juwai.com CEO

Chinese investors are positively smitten by the Greek real estate market and its accompanying Golden Visa program. Investment Migration Insider has previously reported that Chinese nationals account for nearly half of the 2,079 investors who have received a residence permit in Greece in exchange for property acquisition since the program – which has raised €1.5

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Get With the Times or Face Extinction, Says Head of Chinese Migration Firm

Jacky Yan, President of Can-Achieve, one of China’s largest investment migration agencies, tells Investment Migration Insider that the Chinese immigration client today is completely different from a decade ago and that firms that are slow to diversify and innovate will not survive. “Clients today are 10-15 years younger, on average, than they were a decade

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California Lawyer Pleads Guilty to $50M EB-5 Scam Involving 130 Green Cards for Chinese Investors

Victoria Chan, a South El Monte lawyer, on Monday pleaded guilty to money laundering and having run an EB-5 scheme that fraudulently obtained green cards on behalf of some 130 Chinese clients, some of whom were on China’s Most Wanted list, reports the San Gabriel Valley Tribune. The 35-year-old attorney allegedly ran the scam operation

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Chinese Golden Visa Investors Biggest Foreign Buyers of Barcelona Real Estate

While Brits are still the largest foreign buyers of real estate in Spain as a whole, no foreign nationality acquires more real estate in Spain than the Chinese, reports El Mundo. In addition to private families, Chinese institutional investors are also rapidly warming to Catalonia property, often with an eye to marketing these to buyers

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Harvey Retracts Statement on Larry Wang Regional Center

Last week, during an interview widely read among our Chinese subscribers, Jean-Francois Harvey indicated foreign investment migration firms should not have any compunctions about sourcing clients directly from China and compete directly with Chinese firms on their home territory because Chinese firms did not hesitate to compete outside of their home market. As examples, he

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Harvey Takes Dig at Chinese Agencies’ Warnings to Stay Out of Their Territory

The large international investment migration firms generally don’t source clients directly from Mainland China, but rather rely on B2B agreements with a network of Chinese immigration agencies to supply application volume, a model that has successfully helped at least 100,000 Chinese participate in residence and citizenship by investment programs over the last decade. International firms,

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Chinese Investor Interest Remains Firm in the Face of Vancouver’s 15% Tax on Foreign Buyers

The provincial government of British Columbia released figures on Tuesday showing the proportion of foreign buyers of homes in the Vancouver region – the overwhelming majority of whom are Chinese – stands at 5 percent, the highest figure recorded since the introduction last year of a 15% levy on residential property transactions where the buyer

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New Zealand to Ban Foreign Property Investors, the Bulk of Whom Are Chinese

New Zealand’s Prime Minister-elect, Jacinda Ardern, has announced her administration will bar non-resident foreigners from purchasing existing homes in New Zealand, reports the BBC. The move comes after years of steep price growth in the country’s residential real estate market, which turned the issue into a prominent and contentious point of discussion ahead of the

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Hong Kong Migration to Canada Doubled Last Year to Highest Number on Record

Figures obtained by South China Morning Post revealed that 1,210 Hong Kong natives obtained permanent residence status in Canada last year, as compared to 630 in 2015 and 585 in 2014. “Pressure at work was immense and children were also facing so much pressure at schools. Many parents did not want to be monster parents

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