Montenegrin PM in Brussels: CIP “Will be Terminated” on Dec 31st
As it did in 2021, Montengro’s government says it will end the CIP on new year’s eve. This time, an 11th-hour change of heart is less likely.
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Policy Updates
Dominica Bans Syrians, Kurds from Applying for Citizenship by Investment Program
No Syrians, no Kurds, and no explanation from the Dominica CIU. Iranians, however, are once more welcome to apply for citizenship.
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Turkey Sets Date for CBI Price Increase, Adds Another Qualifying Option
“There is still a very small window of opportunity to beat the price-increase deadline. But quick and decisive action would be required.”
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USCIS Drops Bombshell EB-5 Q&A Hours Before One-Sided, Overwhelmingly Negative “Listening Session”
All Regional Center designations are now defunct and all entities seeking to recruit RC-based investors must file for designation again.
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Sri Lanka Cabinet Approves Plans for $75,000 Golden Visa
Sri Lanka is sorely in need of foreign currency to pay for food and energy imports. Now, the government hopes a golden visa can bring cash.
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As Filing Date For EB-5 Regional Center Program Fast Approaches, Make Sure Your Regional Center Has Filed an “Exemplar”
While the regional center program has been reauthorized, individual RCs need authorizations of their own through I-924s, Brian Ostar prompts.
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US Drops Visa-Waivers for Hungarian Citizens Born Outside the Country, Cites Fraud Concerns
Hungary has granted more than a million citizenships by descent in the last decade. The US is denying these citizens ESTAs, citing fraud risk.
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UAE Makes Sweeping Changes to Visa Rules to Attract Capital, Talent, and Long Term Settlers
Investment-based visas are now valid for 10 years and at much lower minimum investment requirements than in the past.
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Turkey Citizenship Program to Raise Minimum Investment to US$400,000 for Real Estate
Turkish ministers have reportedly decided in a recent meeting to change the program regulations and raise the minimum investment requirement.
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Latvia Keeps Golden Visa Open After All But Shuts it to Russians, Belarusians for 15 Months
In the end, Latvia keeps its program but suspends Russians and Belarusians for a year and bars those who support the war from applying.
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Vanuatu Establishes Task Force in Hopes of Overturning EU Decision on Visa-Waiver Suspension
In a “Hail Mary” effort to ward off the suspension, Vanuatu is establishing a national task force to review and improve its CBI procedures.
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Latvia Closes Golden Visa, EU’s Use of Ukraine War to Cripple Investment Migration Continues
As Latvia terminates its golden visa, we summarize what can arguably be characterized as the worst month in investment migration’s history.
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Eur. Commission Urges CIPs to Revoke Citizenships, Residencies of Sanctioned Individuals
The Commission calls for freezing ordinary Russians and Belarusians out of golden visas and revoking the status of sanctioned individuals.
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Bulgarian Lawmakers End Citizenship Program as Amendments Pass After Second Reading
After years of back-and-forth, Bulgaria’s semi-direct citizenship by investment program has sung its last verse.
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Full House: St. Lucia Becomes 5th Caribbean CIP to Suspend Russians, Belarusians
Two weeks after Dominica’s CIP became the first in the Caribbean to suspend Russians and Belarusians, Saint Lucia becomes the 5th and final.
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EB-5 Reform Bill Will Pass Today: Regional Center Program to Be Reauthorized Until 2027
The EB-5 Reform will bring minimum investment levels to $800,000 and $1,050,000 and grandfather in existing regional center investors.
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4 of 5: Grenada Citizenship by Investment Program Suspends Russian, Belarusian Applicants
Russian and Belarusian applicants remain welcome under the CIPs of Turkey, Montenegro, and of Saint Lucia, the final Caribbean hold-out.
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St. Kitts Suspends Russian, Belarusian Applicants – Saint Lucia, Grenada, Turkey Remain Open
Saint Kitts & Nevis becomes the third Caribbean CBI country to explicitly suspend Russian and Belarusian applicants.
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Kochenov: “Zero Chance” Commission Will Propose Legislation Against CBI Based on Parliament Vote
As Parliament votes overwhelmingly in support of ending CBI and regulating RBI in Europe, Kochenov expects the Commission not to legislate.
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Caribbean CIPs Issue Suspensions on Russians, Belarusians, And Even Ukrainians
Russian applicants are now suspended from three Caribbean CIPs, Belarusians from two, and Ukrainians from one.
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