Hungarian Govt. Tables Plans for New €250,000 Real Estate-Based Golden Visa
Hungary’s government, which has an absolute parliamentary majority, has tabled a bill that would open a golden visa in September next year.
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Policy Updates
Govt. Publishes New QIIP Regulations: Unlikely to Attract Many Applicants, Says Expert
Upper intermediate French, a C$200,000 donation, and a 12-month physical presence requirement are but some of the stricter new requirements.
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Vanuatu’s New CBI Program: Coconut Oil Fund to Yield Annual Returns, Partial Redemption of Principal
The new program has a single qualifying option: A fund that will invest in the coconut oil sector to reduce Vanuatu’s reliance on fossil fuels.
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Revived Hong Kong Capital Investment Entrant Scheme to Triple in Price, Reveals Chief Executive Lee
Hong Kong’s Chief Executive John Lee has confirmed the program’s new price tag and the exclusion of residential real estate.
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Following Portugal, Italian Govt. Also Aims to Weaken Special Tax Regime
The government aims to hamstring a regime that has successfully raised tax revenue while simultaneously improving the demographic situation.
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Portuguese Prime Minister Says NHR Regime Will End After 2024
Motivated by the weekend’s protests over housing affordability, the PM has agreed to the extreme left’s demands to end the NHR regime in 2024.
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New Portugal Golden Visa Rules to Take Effect Within Days Following Promulgation Last Night
Out of veto options, Portugal’s President last night finally signed the new housing bill into law, enacting the new golden visa rules.
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Netherlands Investor Visa Ends Tomorrow After Only 10 Approvals in 10 Years
The State Secretary said the decision was motivated by “the minimal use of the scheme,” along with “the critical discussion” in the EU.
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Thailand’s Tax Tightening on Foreign Income Raises Questions About Implementation
The new guideline “poses significant challenges for Thai tax residents,” emphasizes the Australian Chamber of Commerce in Thailand.
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Egypt Opens Private Property Market to Citizenship by Investment, in Challenge to Turkey
Egypt’s property developers are gearing up to promote CBI as the country targets Turkey’s corner of the market, writes Hany Mostafa Moawad.
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HKD 30 Million Price Tag Likely for New Hong Kong Capital Investment Entrant Scheme
The long-awaited revamp of Hong Kong’s CIES is likely to have a HKD30M price tag, writes Hannah Ma, who thinks we’ll know for sure in October.
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Cayman Islands Investor PR Program Gets Crypto-Backed Loan Option
“If or when BTC goes up, your loan-to-value ratio goes down, so your house is appreciating, and so is the asset you’re borrowing against.”
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Portuguese Golden Visa Reforms Postponed Until September as President Vetoes “More Housing” Bill
Parliament is likely to finally push through legislation next month, at which point golden visa real estate investment will be off the table.
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Thai Elite Visa Set for Revamp on October 1st: Expect Price Hikes of “50-500%” Says Leading Agent
“I just hope they don’t raise prices too much,” says Trelcat. “Look at what happened with Malaysia’s MM2H program when they raised prices.”
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St Kitts CIP Doubles Min. Investments, Addresses Rumored EU Demands Point by Point
Minimum investment doubled in most categories; in-person document collection; new limits on marketing methods; all effective immediately.
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EU Reportedly Raises 6 Demands for CIPs, Including $200,000 Min. Investment as Saint Kitts CIU Issues Cryptic Notice
Among other demands, the EU wants CBI countries to consider their citizenships as a holy, deep, and meaningful connection to the country.
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Portuguese Parliament Okays Housing Bill in Final Vote: Q&A On What Happens Next for Golden Visa Investors
All that remains for the golden visa changes to take effect is promulgation by the President. Here are answers to your questions about the golden visa’s future.
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UK Revokes Visa-Free Travel for Dominica, Vanuatu Citizens Over “Clear and Evident Abuse” of CBI Programs
The Home Office said the changes would have immediate effect to prevent “a wave of travelers” from the affected countries.
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Iranian Families of 4 Now Subject to Enhanced DD Fees of Up to $70,000 in Dominica: Other Nationalities Next?
Agents with Iranian clients last week scrambled to submit files before Dominica’s introduction of “enhanced due diligence” fees on Monday.
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Egypt’s New Residence by Investment Program Starts at US$50,000
Egypt’s new residence by investment program offers renewable residence permits of 1-5 year validity for investments of $50-200,000.
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