New Zealand Bans Non-Residents From Buying Homes

New Zealand’s parliament yesterday voted 63-57 in favor of passing the Overseas Investment Amendment Bill. The law makes it illegal for foreigners not formally resident in the country to purchase existing homes. With the exception of Australians and Singaporeans – who are exempt from the new rules thanks to free trade agreements – foreigners will

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Bayat: CIPs’ Blanket Bans on Iranians are Draconian and Bad for Business

This article was contributed by Sam Bayat, head of Bayat Legal Services. Saint Lucia will no longer accept citizenship by investment applications from Iranian citizens residing in Iran – or elsewhere – ostensibly because background information cannot be reliably verified in Iran and because the banks will not facilitate the transaction. There is, however, more

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