Portuguese Government to Critics: Golden Visa Program Not Going Anywhere

Portugal’s governing Socialist Party has rejected calls from the Bloco Esquerda (BE) – an extreme-left party with which it has a parliamentary “soft” coalition – to scrap the country’s Golden Visa program because “attraction of investment is very important for the country,” according to Essential Business. Portugal’s Golden Visa is the most popular such program in

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Industry Consolidation: As RIF and Latitude Merge, Are We Seeing the Start of an M&A Trend?

Executives of Dubai-based RIF Trust Investments and Jersey’s Latitude Consultancy have announced they will be merging the two young firms in a share-swap deal that will also see RIF’s Mimoun Assraoui and David Regueiro take a seat each on Latitude’s Board. The agreement marks the first ever merger between two investment migration firms and is a

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Mauritius to Open US$500k Citizenship by Investment Program Says PM in Budget Speech

Prime Minister Pravind Kumar Jugnauth of Mauritius – a country whose citizens enjoy visa-free access to Schengen, the UK, and Russia – this week delivered his 2018/19 budget address to Parliament. Jugnauth’s speech contained a welcome surprise: His administration is planning to introduce a citizenship by investment program this year. With a nominal GDP per

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Malta Residence Program Approaching 800 Applications Says MRVA-CEO Cutajar

Investment Migration Insider spoke to Roderick Cutajar, head of the Malta Residence Visa Programme, during the 2018 Investment Migration Forum in Geneva. He revealed that the program’s application numbers were quickly approaching 800, that the strong interest had led to a few months’ increase in processing time, and that many applicants are buying – rather than

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Eur. Parliament: Member States Can Have R/CBI-Programs, But Commission is “Monitoring”

The European Parliament (EP) has issued a formal position on the matter of residence and citizenship by investment programs in which it acknowledges EU member states have self-determination as regards the awarding and revocation of citizenships, but that “member states should use their prerogative to award citizenship in line with international and EC [European Commission] law” and that

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Asaria Speaks Out: “We Put All This Fake News Behind Us” and “Let Our Projects do The Talking”

Speaking to Investment Migration Insider during this week’s Investment Migration Forum in Geneva, Mohammed Asaria, founder of Range Developments, adopted a decidedly sanguine attitude toward recent malevolent attacks on his firm’s reputation. “It was very surprising to me that I had been purportedly detained in China when I was in Geneva […] It’s a shame

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IMC to Develop Curriculum, Qualifications Framework for RCBI-Industry, Modeled on STEP

During an intergovernmental roundtable, organized as part of this year’s Investment Migration Forum in Geneva, government representatives from a global array of stakeholder countries pledged support to the Investment Migration Council, considered the problem of misconceptions about the investment migration industry, and learned of plans to develop a framework of qualification for industry practitioners, according

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Harvey Law Takes 20% Stake in Range’s New Six Senses CBI-Development

Press release via Harvey Law Group: Phnom Penh – May 28, 2018 Harvey Law Group (HLG), one of Asia’s leading legal firms focusing on investment immigration and mobility, announced that one of its portfolio companies has acquired nearly 20% of the inventory in the newly launched Six Senses St. Kitts being developed by Range Developments

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Fake Arrest Article “Was Sponsored” Says Publisher in Apology to Range Developments

News Americas has issued an apology to Range Developments and Mohammed Asaria for publishing a story on Monday in which it wrote that Mr. Asaria had been arrested and detained in China, and have also admitted that the article was “a sponsored one from an advertiser”. When the story first surfaced on June 4th, Range

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EXCLUSIVE: Latitude and Arton Team Up to Bid on Moldova CIP-Mandate

In a remarkable turn of events, Investment Migration Insider has learned that former Henley & Partners CEO Eric Major’s recently launched firm Latitude has joined a consortium of firms that includes Arton Capital in bidding on a contract to design, implement, and launch internationally the long-anticipated Moldova Citizenship by Investment Program. In an exclusive interview

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Range-Boss Asaria Dispels Fake News Regarding Arrest in China

Yesterday, a news outlet based in the Caribbean published a story claiming Mohammed Asaria – founder of Range Developments, the developer of Park Hyatt Saint Kitts, the Cabrits Resort in Dominica, as well as the Six Senses Saint Kitts – had been arrested and detained in China on suspicion of illegal fundraising. Range Developments have

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Introducing CiviQuo – The Booking.com of Investment Migration Programs

In 2018, there are more than 90 residence and citizenship by investment (RCbI) programmes worldwide. Hundreds of immigration companies, law firms, licensed agents, intermediaries and introducers promote RCbI, a figure that keeps increasing. The growth in service providers has come in lockstep with the rising number of HNWIs. Simply put, the RCBI industry is growing

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Saint Kitts CIP Sees 1,200 Applications in 6 Months Under Hurricane Relief Fund Option

Kittitian Prime Minister Timothy Harris yesterday revealed in a press conference that the Saint Kitts & Nevis Citizenship by Investment Programme’s (SKNCIP’s) temporary Hurricane Relief Fund (HRF) option received 1,200 applications during its six-month validity period, which ended on March 30th this year.  According to SKN Vibes, Harris revealed the figure during his monthly press

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WATCH: Caribbean Citizenship by Investment – Episode 3: Antigua & Barbuda

Episode 3 of the documentary series Caribbean Citizenship by Investment, the first-ever documentary on all five citizenship by investment programs (CIPs) in the Caribbean, is now available. In the series, we visit each country to learn more about the respective citizenship by investment programs and life on the ground on the islands. The third episode covers

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Thirst for Tourists Driving Global Trend of Increasing Travel Freedom

Henley & Partners last week issued a second-quarter update on its Henley Passport Index, showing Japan is now alone at the top of the table for number of visa-free destinations, narrowly beating Singapore and Germany. While Japan’s ascent to pole position is perhaps not remarkable, it’s interesting to note how a global trend in mobility

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Antigua Cuts Real Estate Price, Talks of Adding $150k “University” Option

Antigua & Barbuda’s Citizenship by Investment Unit (ABCIU) this week announced a handful of amendments to its Citizenship by Investment Programme (the ABCIP), chief among which was the introduction of a Limited Time Offer on real estate which included the option for two applicants to make a joint investment of US$200,000 each in property (rather

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CIP-Funds, Venezuelan Govt. to Fund New Homes in Dominica

The government of Dominica has commissioned the construction of 62 housing units in Grand Bay for people who lost their homes during last year’s hurricane season. The money will come from the country’s citizenship by investment program, as well as the government of Venezuela. Eleven local contractors have been tasked with the construction of the

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Portugal’s Golden Visa Raises €103M in April, But Chinese Interest is Crashing

Official figures from Portugal’s Immigration and Borders Service show that while the country’s Golden Visa program raised €103M in April, interest in the program is falling rapidly, particularly among the Chinese. Highlights from this month’s Portugal Golden Visa statistical release: – China remains the top source country for applications, with 34 main applicants obtaining their golden

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EC$149M of CIP-Funds Already Saved Up For New Airport in Dominica

In a press release, Prime Minister of Dominica, Roosevelt Skerrit, has revealed that some EC$ 149 million (US$55m) has already been set aside for the construction of a new international airport on the island, in keeping with the government’s promise to allocate US$5 million CIP-sourced funds monthly to the purpose. “We said in the Parliament

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As St Vincent Opposition Calls for CIP-launch, PM Remains Defiant on Ideological Grounds

In Saint Vincent & The Grenadines (SVG), the only sovereign OECS-country that doesn’t offer a citizenship by investment program (CIP), the question of whether a program will open remains starkly dichotomous: If the incumbent party remains in power, a CIP is out of the question; If the opposition gains control, the launch of a CIP

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