
UAE Golden Visa Approval Volume Doubles to 158,000 in 2023
The UAE’s golden visa approval volume doubled again last year, buoyed by a surge in Russian real estate investment.

The UAE’s golden visa approval volume doubled again last year, buoyed by a surge in Russian real estate investment.

He also revealed that, so far, about three-quarters of applicants have been Syrians.

However, only 32 nationalities are eligible, and local experts question the government’s preparedness for processing applications.

To qualify for the program’s entrepreneurship route, applicants will need a compelling business plan and endorsement from an incubator.

You can now obtain residency in Saudi Arabia based on investment, proven financial means, skills, or startup financing.

Egypt’s property developers are gearing up to promote CBI as the country targets Turkey’s corner of the market, writes Hany Mostafa Moawad.

Following a dip in foreign investment during the election campaign period, Turkey is set to consider plans for a golden visa program.

Egypt’s new residence by investment program offers renewable residence permits of 1-5 year validity for investments of $50-200,000.

OFAC has imposed sanctions on a well-known industry firm and its founder for alleged facilitation of sanctions evasion for of Russians.

Taymour Polding of CIP Turkey speaks to IMI about how the results of the Turkish election will impact the country’s citizenship by investment program.

Demand for Turkish CBI still robust, but program’s future isn’t guaranteed. “We may not have a program by this time next year,” says Polding.

Saahil Menon points out that the program is no path to permanent settlement in the UAE, and questions if settlement there is even desirable.

Wild inflation? Yes. Hot money flows? Sure. Capricious politics? Absolutely. But economic fundamentals? As sound as they come, argues Brian Greco.

After 25 years in the business, Bluemina has helped more than 12,000 families fulfill their citizenship and residency dreams.

The association argues that giving citizenship a dollar-value “has made the concept of citizenship abstract and alienated from its essence.”

Investment-based visas are now valid for 10 years and at much lower minimum investment requirements than in the past.

Turkish ministers have reportedly decided in a recent meeting to change the program regulations and raise the minimum investment requirement.

As Russians are increasingly excluded from residence and citizenship by investment programs globally, Turkey’s CIP remains open.

In a world of supply chain disruptions, insecure shipping lanes, and a trend towards near-shoring manufacturing, Turkey is thriving.

RIF Trust, the IMC’s new regional representative for the Middle East, will support local industry practitioners – and keep an eye on them too.