Cyprus CIP Agents Have Until Feb 15 to Prove 2013-18 Clients Maintained Investments
Service providers must provide papers proving all their clients going back to 2013 kept their investments according to the requirements by February 15th.
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Europe
Court Impels Portugal’s Govt. to Share Detailed Golden Visa Data (Including Some That Don’t Exist)
Transparency International has won a court case that will compel Portuguese authorities to share more data on the golden visa program.
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Montenegro Enacts Crucial Amendment to CIP Rules, Admitting Minor Dependents
Montenegro’s Citizenship Act had a critical inadequacy; it did not allow those minors, or even adult dependents, to obtain citizenship by investment.
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Investor in Portugal Golden Visa Gets Citizenship After Fulfilling 35-Day Stay Requirement
Confirmation of the citizenship route, coupled with Portugal’s likelihood of becoming an E2 country in the near future, will give the program a major boost.
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Moldova Extends Moratorium on CIP
The Ministry of Interior, together with various public institutions, will spend the next 30 days to craft a report for the government, which will subsequently determine the program’s future.
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Malta’s Most Likely Next PM Would “Not Extend MIIP” Before Consulting EU-Institutions
Fearne’s comments mark a departure in stated intentions from Labour; Muscat, two years ago, indicated he was confident the program would be extended.
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Malta IIP 2018-19 Data Show Downward Trend Continuing: Regulator Chides “Unscrupulous” Detractors
The numbers offer but grim reading, as all arrows point downward for the program’s key performance indicators.
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Golden Visa Demand, VAT-Breaks See Athens-Region New Development Area Equivalent to Gibraltar
The Greek property market has taken a drastic turn for the better during 2019, spurred on by a VAT holiday and soaring demand for golden visas.
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Italy’s Investor Visa Could be Europe’s Most Popular if Only it Didn’t Ignore Market Realities
The Italian Investor Visa (IIV) has been around for almost three years without gaining any meaningful traction. Why?
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Commissioner Jourova Hints an Albanian CIP Could Jeopardize EU-Accession
“The Commission monitors investor citizenship schemes in the context of the EU accession process,” said Jourova during an interview with the Albanian press.
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Greek Golden Visa to Surpass 2,000 Main Applicants in 2019, 40% Ahead of Closest EU Competitor
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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Cyprus Citizenship by Investment Program “Sold Out” Until 2021
If you thought backlogs were only a North American residence program phenomenon, think again; Retrogression has arrived in Europe.
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Total Revenue From Residence by Investment in Portugal to Pass €5 Billion Milestone Within Weeks
The milestone has only been reached by three other residence programs in history, but apps. hit a 17-month low in Nov and 2019 income is lowest since 2015.
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UK Tier 1 Investor Visa Approvals Plummet 60% in Q3
Only 49 main applicants received Tier 1 Investor visas during the Q3 2019, a down from 124 in the preceding quarter.
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IMF Predicts €530m Revenue From Montenegro CIP Over Next Three Years
But the Fund also cautioned against spending CIP money “before it has materialized” and to keep an eye on the reputation and financial integrity risks.
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Chetcuti’s Statement on ORiip Ruling: “Regulator’s Conclusions Did Not Come as a Surprise”
The “report has shown in crystal clear terms that allegations made on the TV programme were false,” writes Dr. Jean-Philippe Chetcuti in a press statement.
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Albanian PM: Citizenship by Investment is “The Right Way and Something We Have to Do”
“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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Greece Formally Approves Litany of New Asset Classes For Golden Visa Investment
After two years on the drawing board, the Greek government yesterday approved a variety of new investment options for its golden visa program.
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Montenegro Approves Three More CIP Hotel Developments
Three out of four projects so far are in the North, where the required investment is lower. Several more project approvals are expected by the end of the year.
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Complete Exoneration for Chetcuti Cauchi; “No Evidence of Collusion,” Says Regulator
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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