The Investment Migration Knowledge Platform
Greece’s residence by investment program is raising €23 million a week. Already Europe’s most popular program by far, its application volumes keep growing.
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But Subcontinental Asians (Indians, Pakistanis, Bangladeshi) are a faster-growing demographic segment of the client base, say heads of 40 global IM firms.
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Executives disagreed on the proper price for Caribbean CIPs and the merits of unification, while most hoped for governments to tackle a glut of amateurs.
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The results from IMI’s 2019 Investment Migration Executive Survey are in.
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Investment financing has the potential to catapult investment migration from UHNWI luxury product status to the much greater mass affluent market.
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How much do the world’s investment migration programs bring in per immigrant, i.e., when counting the total number of passports/visas, including dependents?
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Turkey surprised many by becoming the world’s most popular CIP. None more so than Grenadians, who are finding their cozy corner of the market contested.
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“I strongly believe that this is the right way and this is something we have to do,” said Prime Minister Edi Rama of Albania, referring to plans of a CIP.
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Having reviewed in detail all 164 Malta IIP applications from the firm, ORiip finds that Chetcuti Cauchi is innocent of all allegations brought against it.
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The program’s largest fund manager says that, thanks to non-SIV follow-up investments, total FDI arising from the program may be close to A$50 billion.
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Greek Prime Minister Mitsotakis means business: Invest half a million; pay 100,000 in tax. Invest 1.5 million; pay 50,000. Invest 3 million; pay 25,000.
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Grenada is simplifying documentation requirements, re-structuring the procedural steps, and implementing automated solutions to catalyze their processing.
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The big story in investment migration this week involves Jho Low, Cyprus’ government, private business, due diligence providers, and even the clergy.
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So far, the Montenegro CIP has had only one approved development. But many more are slated for CIP-designation in the weeks and months to come.
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The IMC expresses chagrin at being excluded from consultations on a report it says was “hijacked by ill-informed, unaccountable third party organizations.”
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Portugal’s government wants to channel more golden visa funds into non-real estate projects to address concerns about housing costs. That will not be easy.
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“We are barely able to sell one passport a month,” said the chairman of the Association of Property Valuers, Polis Kourousides last week.
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Immigration offices in the capital region are turning away applications due to a lack of capacity. Fortunately, regional offices are picking up the slack.
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In terms of revenue, 2019 will see EU programs raise at least EUR 5 billion – beating its own previous record by 43%.
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Investment migration now provides residency and citizenship to around 125,000 people a year. But which subcategory – CIPs, RIPs, or SUVs – absorb the most?
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