United States EB-5 Program: I-526 Application Volume Hit 3.5-Year High This Quarter
The Q3, 2023 statistical report from USCIS shows demand for EB-5 gaining ground despite stubborn backlogs, writes Varvara Latyntseva.
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Intel & Data
Portugal Golden Visa Approval Volume in August Slowest in 2 Years as Government Goes on Holiday Mode
The SEF tackled only about 0.8% of its backlog of unprocessed applications in August. Meanwhile, hundreds of new applications piled up.
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Panama Independent Means Visa Approval Volume on Track for All-Time High in 2023
In Panama, income-based visas are flying off the shelf like never before, while investment-based visa demand is plateauing.
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Grenada CIP: Revenue Up 213% From Last Year, US$133M Invested in Real Estate Since January
With half a year to spare, Grenada’s CIP has already set a new annual revenue record of EC$573m, two-thirds of it in the form of real estate.
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Greek Golden Visa Raising €200m+ a Month: Backlog Has Tripled in One Year
While application volume is up 262%, processing is up only 142%. Net result: A sudden and unprecedented backlog worth EUR 1.75 billion.
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As Malaysia’s Federal MM2H Withers Under Stricter Rules, Sarawak’s MM2H Sees 2,800% Increase in Approvals
Now nearly 7 times cheaper than the national version and with much more flexible presence requirements, Sarawak’s MM2H is thriving.
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Portugal Golden Visa Eyes Record Year as Approvals in 2023 Already Approach 1,000
By the end of the 7th month of 2023, the SEF had approved 962 golden visas, already significantly more than the 865 approved in all of 2021.
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Italy Suspends Russians, Belarusians from “Dolce Visa” Following Record Year
After becoming the program’s number one applicant nationality last year, Russians are now excluded from Italy’s “Dolce Visa” program.
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Evaluating Citizenships by The Country’s Propensity to Come to Your Aid Abroad [2023 Update]
Ask not what you can do for your country, but what your country can do for you: From providing emergency passports to hostage rescue.
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EB-5: At 2023 Half-Year-Mark, I-526 Petition Volume Already Exceeds 2022 Total – But Denial Rates Remain Elevated
Not since 2019 have so many investors applied for initial EB-5 visas. But at present, USCIS is rejecting more than half of all applications.
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First Data Batch in 3 Years Reveals Antigua & Barbuda CIP Now Caribbean’s Least Popular Program
Antigua & Barbuda has released the first statistical report on its CIP in more than three years. Figures show the program has fallen behind.
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Portugal’s €4bn Golden Visa Backlog Would Take Until 2030 to Finish Processing, Insider Reveals
A source at the SEF says the agency has 7,802 pending applications. At current rates, processing these will take 6.8 years.
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Jersey Acknowledges the Rich Are “Highly Mobile” as it Considers Whether to Charge More for HVR Program
Jersey has raised billions from its low-tax HVR program. Now, deputies debate whether asking wealthy residents for more will scare them away.
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Vanuatu: Schengen-Access Suspension Saw CBI as Share of Govt Cut in Half
Vanuatu’s CBI revenue has cratered since the loss of Schengen. A commission has been formed to find out what went wrong – and who is to blame.
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Greek Golden Visa Has Backlog Worth €1.5 Billion as Applications Surge Ahead of Price-Hike
Greece’s backlog now numbers nearly 16,000 (about 5,000 main applicants), which, when converted to golden visas, will net billions for Greece.
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South Korea Doubles Investment Requirement for Investor Visa
South Korea’s investor visa, which has raised at least US$10 billion in the last 23 years, is doubling the real estate minimum investment.
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Portugal Golden Visa on Track for Record Year: Approvals Hit 3-Year High in May, Buoyed by British Investors
Jerry Morgan of Mercan, the PGV’s biggest developer, says it’s been a “traumatic” year but that he’s “cautiously optimistic” about the future.
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Having Shattered All Records in 2022, Grenada CIP Breaks Them Again in Q1 2023
While processing is starting to catch up, Grenada still had a backlog of 1,451 applications worth half a billion (!) USD at the end of Q3.
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3,127 Ireland IIP Applications Worth €2.12 Billion Pending After Torrent of Last-Minute Filings
The government indicated the sharply rising application volumes had become “unmanageable” and had informed the decision to close the scheme.
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Q1 Data Shows Sharp Downturn in Panama Friendly Nations Visa Interest
Appetite for Panama’s investor visas is dwindling. People of independent means, however, are relocating to the country in record numbers.
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