EB-5 Allocated Record 18,567 Visas for FY2021 As Program Extended Through Dec 11th
In a big week for EB-5, the program received another short-term extension and nearly doubled its number of available visas.
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backlog
Cyprus CIP to Scrap Applicant-Cap, Process 700 Extra Cases to Raise COVID-Recovery Funds
As part of a broader plan to raise emergency funds, the Cypriot government wants to open for the processing of applications slated for next year right away.
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Inefficient Bureaucrats Costing Greece Billions in Lost Golden Visa Revenue Say Practitioners
Greek residence by investment practitioners say program revenue could be more than double its current level if only the country’s Decentralized Authorities weren’t so inefficient.
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Cyprus Citizenship by Investment Program “Sold Out” Until 2021
If you thought backlogs were only a North American residence program phenomenon, think again; Retrogression has arrived in Europe.
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Backlogs: An Existential Threat, Not Just to Programs But to Agents as Well
Investment migration firms are taking client fees on the presumption that their applications will be processed in the future. What if that doesn’t happen?
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Québec IIP’s 20,000-Application Backlog Precipitated Suspension
18,800 main applicants fulfilled the obligations of the QIIP but still await their permanent residence permits, a factor partly motivating the suspension.
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Long Processing Times Among Golden Visas is an Unnecessary Curb on RCBI-Demand
Applicants to golden visa programs around the world are made to wait years for approval. That puts an unnecessary damper on demand, writes Stephane Tajick.
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Greece Decentralizes Golden Visa Processing to Tackle Two-Year Waitlists in Greater Athens
Rules requiring golden visa investors submit files in the municipality where they bought the property had seen Athens appointments fully booked until 2021.
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Ireland: 52% of 2018’s Investor Visa Applications Still Await Decisions, But Backlog Reduced by 32% Since May
After accumulating a hefty backlog over the last two years, the Department of Justice have sped up case-handling considerably in the last two months.
Read moreMalta’s Golden Visa Has Received 1,600 Applications, But Backlog is Growing Due to Agents’ Sloppy Filing
Some 1,000 applications remain unprocessed due to missing documentation. To tackle the backlog, the MRVA will no longer accept incomplete applications.
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450 Chinese EB-5 Investors Sue US Govt. Over 15 Year Wait Times
Press release via Business Wire: A group of more than 450 Chinese EB-5 investors are suing the U.S. government to
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Portugal Virtually Wipes Out Golden Visa Application Backlog in Just Six Months
Portugal’s Borders and Immigration Service (the SEF) reports that its application backlog – which stood at more than 6,000 by
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EB-5 Waiting List Reaches a Dizzying 30,000 Applicants, Nearly All Chinese
Statistics from the National Visa Center released last week show that, as of November 1st this year, 30,259 applicants were
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