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Policy Updates

North America Policy Updates 

Quebec to Reopen QIIP With French Language Requirement and $200,000 Donation, Likely by End of Year

May 26, 2023May 26, 2023 Patrick McCarthy canada, club, golden visa, north america, patrick mccarthy, policy updates, qiip, quebec, residence by investment

Suspended since 2019, the QIIP is likely to reopen by the end of the year with a new set of requirements, writes Patrick McCarthy.

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Europe Policy Updates 

Cyprus Golden Visa: No More Senior Dependents, Annual Proof of Income and Investment

May 1, 2023May 1, 2023 Ahmad Abbas club, cyprus, golden visa, policy updates, residence by investment

Investors will no longer be able to include parents or in-laws and must show proof of maintained income and investment every year.

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Policy Updates 

Bulgaria Adopts New Regulations for CBI Pre-Clearance Process

April 26, 2023April 26, 2023 Ivan Petrov bulgaria, europe, golden visa, ivan petrov, policy updates, residence by investment

Bulgaria no longer has a citizenship by investment program but has just updated its golden visa (which has a path to citizenship).

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Europe Policy Updates 

Portuguese Govt. Yields on Golden Visa Retroactivity and 183-day Presence in Housing Bill’s Final Wording

April 15, 2023April 15, 2023 Christian Henrik Nesheim club, europe, golden visa, mais habitacao, policy updates, portugal, residence by investment

No retroactivity for post-February 16th applications, 7-days-a-year presence requirement preserved, and cultural investment visas kept.

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Europe Policy Updates 

Greece Extends Golden Visa Transition Period by Another 3 Months to July 31st

April 1, 2023April 1, 2023 Christian Henrik Nesheim club, europe, golden visa, greece, greek, policy updates, residence by investment

“This extension relieves the stress of investors,” commented Alexander Varnavas of Athens-based Varnavas Law on the news.

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Asia-Pacific Policy Updates 

Vanuatu Launches AUD-Denominated CBI Bond Investment Option

March 27, 2023March 27, 2023 Christian Henrik Nesheim asia-pacific, bonds, cbi, citizenship by investment, club, dsp, policy updates, vanuatu

The government will appoint a single Master Agent to market the world’s only sub-US$100,000 (technically speaking) CBI option globally.

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Europe Policy Updates 

UK’s New Founder Innovator Visa Program is “Not Scalable” And Will See “Serious Bottlenecks”

March 24, 2023March 24, 2023 Christian Henrik Nesheim active investor visa, club, eric major, founder innovator, innovator, residence by investment, united kingdom

“We don’t anticipate any truly scalable offerings in the future here in the UK,” said veteran UK investment migration provider Eric Major.

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Africa Policy Updates 

Egypt Cuts Minimum Investment Amounts for its Citizenship by Investment Program

March 9, 2023March 9, 2023 Hany Mostafa Moawad cbi, cip, citizenship by investment, club, egypt, policy updates

Minimums will drop in the real estate investment and bank deposit options. After a slow start, the program approved 200 applicants last year.

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Caribbean Policy Updates 

Caribbean PMs Agree to “6 CBI Principles” Proposed by US Govt, Full Suspension of Russians From March 31st

March 6, 2023March 6, 2023 Ahmad Abbas caribbean, cbi, cip, citizenship by investment, club

The CIPs agreed to, among other things, coordinate country bans and applicant denials. The US, in turn, will put in a good word with Brussels.

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Asia-Pacific Policy Updates 

Singapore Global Investor Program Quadruples Min. Investment Requirement

March 3, 2023March 3, 2023 Christian Henrik Nesheim asia-pacific, club, global investor program, golden visa, philippe may, policy updates, residence by investment, singapore

An average of 60 investors a year qualify for PR under Singapore’s GIP. Now, the government is quadrupling the minimum investment requirement.

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Caribbean Policy Updates 

St. Lucia Citizenship by Investment Program Re-Bans Iranians

February 21, 2023February 21, 2023 Christian Henrik Nesheim caribbean, cbi, cip, citizenship by investment, club, iran, policy updates, saint lucia

Iranians now rejoin North Koreans in having the most banned nationality for citizenship by investment purposes.

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Europe Policy Updates 

Portugal to Close Golden Visa Program in Its Entirety

February 16, 2023February 18, 2023 Christian Henrik Nesheim club, europe, golden visa, policy updates, portugal, residence by investment

The worst thinkable outcome has come to fruition. Hopes to the contrary notwithstanding, the entire program is being scrapped.

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Caribbean Policy Updates 

St Kitts & Nevis CIU Changes its Mind on CBI Real Estate Re-Sales, Issues New Set of Regulations

February 16, 2023February 16, 2023 Ahmad Abbas caribbean, cbi, cip, citizenship by investment, club, policy updates

Merely seven weeks after issuing changes to its program, St Kitts & Nevis’ CIU has released a new raft of changes, including some reversals.

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Europe Policy Updates 

Ireland Closes Immigrant Investor Program: EU Views on Golden Visas Part of the Decision

February 14, 2023February 14, 2023 Christian Henrik Nesheim club, europe, golden visa, ireland, residence by investment

Minister Harris said he had “taken on board a number of reports and findings from the EU Commission, Council of Europe, and the OECD […].”

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Policy Updates 

Russia’s New Golden Visa May Find Market Among “Geopolitical Hedgers”

February 13, 2023February 14, 2023 Christian Henrik Nesheim club, golden visa, policy updates, residence by investment, russia

“With a PR and assets in Russia, many Chinese, for example, may feel safer than they would in Europe or North America,” said Philippe May.

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Policy Updates 

Govt. to Announce End of Portugal Golden Visa on Feb 16, According to “Senior Government Figures”

February 10, 2023February 10, 2023 Christian Henrik Nesheim club, golden visa, policy updates, portugal, residence by investment

“The package that will be approved on the 16th,” writes Expresso, “will also include a symbolic measure: The long-promised end of the golden visas.

Read more
Asia-Pacific Policy Updates 

State Govt. Approves New Sabah-MM2H: Malaysia Now Has 4 Residence-by-Deposit Programs With Different Prices

February 4, 2023February 7, 2023 Christian Henrik Nesheim asia-pacific, club, malaysia, mm2h, policy updates, residence by investment, sabah, sarawak, southeast asia

Malaysia now has four residence-by-deposit programs that let participants live anywhere in the country, but two of them have an 80% discount.

Read more
Europe Policy Updates 

Vote on Bill to Bring Real Estate Option, Lower Investment Minimums for Italy’s Dolce Visa Likely This Year

January 11, 2023 Christian Henrik Nesheim bersani, club, dolce visa, golden visa, italy, marco bersani, policy updates, residence by investment

The bill proposes to introduce a tiered real estate acquisition route, new investment options, lower minimums, and procedural improvements.

Read more
Caribbean Policy Updates 

Saint Lucia CIP Cuts Minimum Investment for Real Estate, Introduces New Bond Option

December 30, 2022December 30, 2022 Ahmad Abbas caribbean, cbi, cip, citizenship by investment, club, policy updates, saint lucia

The new regulations reduce the minimum investment for real estate, introduce a new bond option, and update a number of fees.

Read more
Caribbean Policy Updates 

Big Changes to St. Kitts CIP: Donation Discount, Real Estate Projects to Lose Approval and Made to Re-Qualify

December 27, 2022December 27, 2022 Christian Henrik Nesheim caribbean, cbi, cip, citizenship by investment, club, michael martin, policy updates

New, stricter rules for real estate, significant discounts for the SGF contribution option, a new fee schedule, and new investment options.

Read more
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