After Rejecting Up to 90% of Applications, Malaysia Freezes MM2H, Again
The government says it aims to relaunch by December, adding “it’s not a permanent closure because the program contributes to our economy.”
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Policy Updates
Reactions to MIIP Changes Mostly Positive, But Concerns Raised About Property Minimums
On the whole, reactions to the MIIP’s changes were positive, though the doubling of the property investment minimum has raised some eyebrows.
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Saint Kitts CIP Cuts Contribution for Families to US$150,000, Same as Single-Applicant Price
Four out of five Caribbean CIPs have now enacted significant changes to their requirements in direct response to the pandemic.
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Sweeping Makeover for Malta IIP: Property Investment Doubled, Up to 3 Years Residency
Malta’s IIP is in for a major overhaul in September, with comprehensive changes to the contribution, real estate, and residency requirements.
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Dominica Becomes Latest CIP to Announce More Flexible Dependent Definitions
Loath to set off a price war, Caribbean CIPs are competing on inclusiveness. Yesterday, it was Dominica’s turn to revamp terms for families.
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Expert Analysis: What Does Trump’s Suspension of L-Visas Imply for The E2 Program?
Will Trump’s freeze on L-visas sway demand for E-2? We put the question to US immigration attorneys Matthew Galati and Angie Rupert.
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Moldova Repeals CBI-Law: “We Are Obviously Disappointed,” Say Henley & Partners
“We are obviously disappointed with the decision,” said the concessionaire. “We signed an agreement in good faith.”
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Uruguay’s New Tax Residency Program to Open on July 1st
As Argentina’s Peronist government introduces “one-off” wealth tax, Uruguay’s timing could not have been better.
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Cyprus Govt. Approves New CIP Regulations to Render Program Beyond Reproach
The subject of criticism from EU institutions for years, Cyprus is putting in place new regulations it hopes will leave it well-nigh unimpeachable.
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Malta IIP Agency Issues Deadline for Applications to Be Considered Before New Regulations
It remains to be seen whether the new rules will be ready in time to prevent a gap between the first and second versions of the MIIP.
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Vanuatu’s Dual-CIP Era Drawing to a Close? “Hong Kong-Jimmy” Receives Termination Notice
Vanuatu Govt.: “It clearly shows conflict of interest on your side as you clearly knew there would be a change of government when the contract elapsed.”
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Maldives Govt. Mulls CIP, EU Threatens to Cut Aid to Moldova Unless it Repeals CBI-Law
Aslam said a CIP would benefit both the country and its people, but took care to emphasize that this was merely his personal opinion, not official policy.
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Italy Halves Minimum Investment of “La Dolce Visa” to EUR 250,000 – But Will Investors Bite?
The new minimum places Italy’s investment low end of the cost-spectrum among European golden visas but also calls for a much higher level of risk tolerance.
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Québec IIP Suspension Extended Until April 2021; IIAC Calls for Re-Launch of Federal Program
“It is a program that could have helped in economic recovery, with this pandemic. To the business community, it is deplorable,” said lawyer Maxime Lapointe.
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Weak Q3 Expected for Greek Golden Visa, But Flurry of Reforms May Bring a Roaring Q4
The government is heeding the advice of practitioners and speeding up golden visa processing. Their zeal, unfortunately, isn’t matched by local authorities.
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Greek Amendments to Reduce Golden Visa Investment Risk, Demand Physical Presence for FIP-Visas
In practice, the changes enable investors to pay for the property from abroad, rather than by first opening a Greek bank account, without excess risk.
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Antigua & Barbuda CIP Gives Price Cut to Large Families Under University Fund Option
Families of six or more members applying under the University of the West Indies Fund option will henceforth see their overall cost reduced by US$35,000.
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Russia Reveals Plans for Real Estate-Based Residence by Investment Program
The government is actively studying best practices among European residence by investment programs with an eye to launching their own in July 2021.
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Saint Lucia Introduces Half-Price COVID-Relief Bond, Slew of Other Discounts
St. Lucia becomes the first CIP-jurisdiction to offer a major price reduction in response to the pandemic with the introduction of the COVID-19 Relief Bond.
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Vanuatu Citizenship Commission’s New Chairman Tasked With Addressing Dual Program Paradox
Vanuatu’s new government wants more transparency for its two CIPs. Particularly for the VCP, a program exclusively operated by a single agent in Hong Kong.
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