IMC to OECD: Singling out RCBI-Countries “Makes No Sense and Cannot be Justified”

In a public response to the OECD’s “blacklisting” of jurisdictions with residence and citizenship by investment programs for alleged circumvention of the Common Reporting Standard (CRS), the Investment Migration Council writes that while they sympathize with many of the OECD’s motivations, tax and investment migration are two separate legal concepts that ought not to be

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Eur. Parliament Report on RCBI “Reaches Right Conclusions for the Wrong Reasons” Says IMC

In a response to the European Parliament’s report on the residence and citizenship by investment industry, the Investment Migration Council has issued a statement, reprinted in full below: Today, the European Parliamentary Research Service has recognised Residency and Citizenship by Investment Programmes as a legitimate sovereign capital raising mechanism and the positive economic impact that

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IMC and Arton Settle Differences, Will Cooperate for Benefit of RCBI-Industry

The Investment Migration Council (IMC) has issued a statement in which they make clear that they have reconciled their differences with Arton Capital – stemming from the publishing of a 2016 report on the Hungarian Bond Residency Program – and will henceforth work together with Arton on projects that will benefit the investment migration industry. The report in

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Dominica CIU Scolds Agents for “Special Discount” Offers on CIP; Agents Claim CIU is Guilty of Same Offense

As Dominica’s CIU warns agents not to offer “special discounts” on citizenship, several agents say the CIU has been handing out inappropriate discounts of its own.  In a circular addressed to accredited agents of the Dominica Citizenship by Investment Program, the Citizenship by Investment Unit (CIU) chides promoters of the program for what they say

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Malta PM: Applicants Rejected by Other Programs Should “Not Even Bother” Trying Malta IIP

Speaking during the 2018 UGlobal Immigration Convention in Los Angeles this Tuesday, Maltese Prime Minister Joseph Muscat said investors who have been rejected by other countries should “not even bother” applying for the Malta Individual Investor Programme (MIIP) because it had the strictest due diligence in the world, wanted only the best applicants, and was the

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450 Chinese EB-5 Investors Sue US Govt. Over 15 Year Wait Times

Press release via Business Wire: A group of more than 450 Chinese EB-5 investors are suing the U.S. government to challenge visa policies that keep investors waiting up to 15 years to come to the United States. American Lending Center (ALC), one of America’s leading EB-5 regional centers, has joined the suit to support and

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List Your Open Job Position for Free on imidaily.com (No Fine Print!)

Dear reader, Finding qualified investment migration professionals is not easy. That’s why we, at Investment Migration Insider, created the first (and, so far, only) job listing site exclusively for the residence and citizenship by investment industry: jobs.imidaily.com Nearly 6,000 RCBI-professionals (a large number of whom speak Chinese) subscribe to and follow Investment Migration Insider, a figure that’s

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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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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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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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Saint Kitts’ Park Hyatt CBI-Resort on Condé Nast’s World’s Best New Hotels Hotlist 2018

Condé Nast Traveler, arguably the world’s leading travel magazine, has listed the Park Hyatt Saint Kitts, a development funded in large part by that country’s Citizenship by Investment Programme, as among the 102 best new hotels in the world in 2018. For its 2018 hotlist, Condé Nast Traveler writes that its “editors vetted hundreds of

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Press Release: French Nationality Best in World According to Quality of Nationality Index

Press release via Henley & Partners France’s quality of nationality is the best in the world, according to the 3rd edition of the Henley & Partners – Kochenov Quality of Nationality Index (QNI), which was launched in London today. The French nationality earned a score of 81.7% out of a possible 100%, fractionally ahead of Germany, which was knocked off

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IMC Press Statement: “Arton Capital Aggressively Targeting IMC” with “False and Misleading Accusations”

The Arton/IMC saga continues unabated as the Investment Migration Council releases a press statement in which it chastises Arton Capital for what it perceives as a attempts to “create harm against the IMC”. Press release via the IMC: Geneva, 27 March 2018 Arton Capital are aggressively targeting the Investment Migration Council (IMC) in order to

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Investment Migration Council Responds to OECD’s Consultation Paper on CRS

The Investment Migration Council (IMC) has issued a response to the OECD’s open consultation paper on “preventing abuse of investment migration programs”, published last month, in which the organization called for public input. The IMC’s response is reprinted in full below: Geneva March 2018   OECD RBI/CBI Consultation Response Preamble The Investment Migration Council (IMC)

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EB-5 Industry “Extremely Disappointed” as Bid for Re-Authorization Falls Flat

Invest in the USA (IIUSA) the EB-5 industry’s advocacy organization, has issued a statement on the United States EB-5 program’s failure to receive bicameral approval and inclusion in the draft omnibus appropriations bill, slated for a congressional vote this Friday. Reports of the possible inclusion of reform and long-term reauthorization of the program in the

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Range Formally Announces 4th CIP Development: Six Senses in Saint Kitts

Press release via Range Developments:  March 4, 2018  Basseterre, ST KITTS & NEVIS – Range Developments, the developer of luxury hotel resorts in the Caribbean, is bringing the Six Senses brand to the island nation of St. Kitts & Nevis. Six Senses St. Kitts will be set on the site of a former sugar plantation with

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Singapore and Japan Knock Germany off Top-Spot in the Henley Passport Index

Press release via Henley & Partners: Japan and Singapore have knocked Germany off the top spot of the Henley Passport Index, with citizens of both Asian nations now enjoying visa-free access to a record 180 destinations. The German passport has topped the travel freedom index — updated in real-time as visa-policy changes come into effect —

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Saint Kitts CIP Repudiates Libelous Claims of Taking in Fraud Suspects From India

Saint Kitts and Nevis has repudiated a claim made in the Indian press that celebrity Jeweller Nariv Modi and his uncle Mehul Choksi – whose passports Indian authorities recently revoked as they stand accused of defrauding the Punjab National Bank of some US$ 1.7 billion in a case that involves multiple suspects, including some bank employees

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OECS PMs To Sign MoU on CIP Cooperation – “No Race to the Bottom” Says Skerrit

Just hours before we were scheduled to meet Prime Minister Skerrit for an interview in his office in Roseau, Dominica, word reached us that the PMs of the Caribbean CIP-countries are moving toward signing a Memorandum of Understanding on closer cooperation between the Citizenship by Investment Units on matters related to information sharing as well

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