Greece to “Jump-Start” Golden Visa Program, Allow Investors to Apply by Proxy
“To accelerate the course of growth in the coming months, we will seek to lift the bureaucratic obstacles that currently exist in the property market.”
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Europe
Malta to Tap Citizenship Funds for COVID-19 Response After All
Malta will use more of its MIIP-income to respond to COVID-19. But, as the pandemic limits application volumes, will the policy change make any difference?
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“No Breach of Code”: IMC Reinstates Chetcuti’s Membership
“The IMC established that Dr Jean-Philippe Chetcuti has not acted against IMC Codes in the case that was subject to investigation,” wrote the organization.
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Malta Joins Cyprus in Standing Up to Eur. Commission: MIIP More Valuable Than Ever Right Now
Maltese government: “The importance of such a programme for an economy that has suffered from a devastating pandemic is growing, rather than diminishing.”
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Eur. Commission Again Asks EU Members to “Phase Out” CIPs, Cyprus Sees “No Reason Why” it Should
You can tick all the boxes they ask you to and comply with all their demands but, come next year, the goalposts will have been moved and new boxes added.
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Proposed Bill Would Give Bulgaria’s R/CBI Program Three New Investment Options
The proposed changes would give investors a lot of flexibility to suit their investment styles, write Ivan Petrov and Nevena Bekyarova of NBLO.
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Cyprus CIP to Scrap Applicant-Cap, Process 700 Extra Cases to Raise COVID-Recovery Funds
As part of a broader plan to raise emergency funds, the Cypriot government wants to open for the processing of applications slated for next year right away.
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Shock-Figures Show Greek Golden Visa Hardest Hit by COVID-19
Q1 figures show Greece – where China has been the source of four-fifths of applicants over the last year – have been disproportionately slammed.
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Weighed Down by Pandemic, Investment in Portugal’s Golden Visa Falls to 21-Month Low
But the upward trend of applicants choosing alternative investments was once more confirmed in March, rising to a record 28% of the total.
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Cyprus Govt. Calls For Fast-Track Processing, St Kitts, St Lucia CIPs Go Fully Digital
Saint Kitts & Nevis, Saint Lucia, and Cyprus become the latest citizenship by investment jurisdictions to announce adaptive measures in the face of the crisis.
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Bill Tabled in Bulgaria Would Extend Citizenship Program With New Rules
Bulgarian lawmakers have tabled a bill in Parliament that would see the residence-to-citizenship program continue after all, albeit with amendments.
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Citizenship Investor Fund Gives Malta Cushion Against Covid-19, But Govt. Reluctant To Use It
“We cannot expect businesses to keep all their profits when things were going well and now expect taxpayers to completely make good for them.”
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The EU’s Actual Passports-for-Sale Threat Comes From Corrupt Officials, Not CIPs
As Western-EU politicians fret over the hypothetical risks of citizenship by investment, their counterparts farther east are selling passports for bribes.
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Investment Migration Forum Latest in Slew of Corona-Related Event Postponements
For March, only events in Russia/CIS and Vietnam appear to be going ahead as scheduled, while a dozen or so conferences around the world are postponed.
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Greek Immigration Offices Close Over Covid-19 – Others Will Follow
Sneer not at the Italians, for there, but for the grace of about two weeks, go the rest of us.
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ECAA-Visas, The Turkish CIP’s Secret Weapon, May Be Living on Borrowed Time
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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Spain’s Golden Visa Program Now Bigger Than Portugal’s After Record 2019
Figures from Spain’s Ministry of Labor shows the country’s golden visa program approved a record 1,422 main applicants in 2019, up from 1,188 last year.
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As EU Citizens Lose Settlement Rights in UK, Tier 1 Visa’s Future Looks Bright
Next year, EU citizens will no longer have automatic settlement-rights in the UK. This widens the Tier 1 visa’s target demographic by 11m European HNWIs.
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Portugal Residence Investors Unfazed by Rule-Change Discussions, Feb Data Shows
One novel development was apparent, though; for the first time since records began, Chinese investors were not the leading applicant cohort.
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Citizenship Investors Now Raise $250m a Month for Turkey, According to Ministry of Interior
Application data for Turkey’s citizenship by investment program, as reported by the government, defy belief; nearly 25,000 new citizens in 17 months.
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