Quebec to Reopen QIIP With French Language Requirement and $200,000 Donation, Likely by End of Year
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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Policy Updates
Cyprus Golden Visa: No More Senior Dependents, Annual Proof of Income and 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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Bulgaria Adopts New Regulations for CBI Pre-Clearance Process
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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Portuguese Govt. Yields on Golden Visa Retroactivity and 183-day Presence in Housing Bill’s Final Wording
No retroactivity for post-February 16th applications, 7-days-a-year presence requirement preserved, and cultural investment visas kept.
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Greece Extends Golden Visa Transition Period by Another 3 Months to July 31st
“This extension relieves the stress of investors,” commented Alexander Varnavas of Athens-based Varnavas Law on the news.
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Vanuatu Launches AUD-Denominated CBI Bond Investment Option
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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UK’s New Founder Innovator Visa Program is “Not Scalable” And Will See “Serious Bottlenecks”
“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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Egypt Cuts Minimum Investment Amounts for its Citizenship by Investment Program
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 PMs Agree to “6 CBI Principles” Proposed by US Govt, Full Suspension of Russians From March 31st
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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Singapore Global Investor Program Quadruples Min. Investment Requirement
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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St. Lucia Citizenship by Investment Program Re-Bans Iranians
Iranians now rejoin North Koreans in having the most banned nationality for citizenship by investment purposes.
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Portugal to Close Golden Visa Program in Its Entirety
The worst thinkable outcome has come to fruition. Hopes to the contrary notwithstanding, the entire program is being scrapped.
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St Kitts & Nevis CIU Changes its Mind on CBI Real Estate Re-Sales, Issues New Set of Regulations
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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Ireland Closes Immigrant Investor Program: EU Views on Golden Visas Part of the Decision
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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Russia’s New Golden Visa May Find Market Among “Geopolitical Hedgers”
“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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Govt. to Announce End of Portugal Golden Visa on Feb 16, According to “Senior Government Figures”
“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.
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State Govt. Approves New Sabah-MM2H: Malaysia Now Has 4 Residence-by-Deposit Programs With Different Prices
Malaysia now has four residence-by-deposit programs that let participants live anywhere in the country, but two of them have an 80% discount.
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Vote on Bill to Bring Real Estate Option, Lower Investment Minimums for Italy’s Dolce Visa Likely This Year
The bill proposes to introduce a tiered real estate acquisition route, new investment options, lower minimums, and procedural improvements.
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Saint Lucia CIP Cuts Minimum Investment for Real Estate, Introduces New Bond Option
The new regulations reduce the minimum investment for real estate, introduce a new bond option, and update a number of fees.
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Big Changes to St. Kitts CIP: Donation Discount, Real Estate Projects to Lose Approval and Made to Re-Qualify
New, stricter rules for real estate, significant discounts for the SGF contribution option, a new fee schedule, and new investment options.
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