Total Collapse: Chinese Share of EB-5 Program Falls by 45% ’18, Lowest in 10 Years

The effects of 15-year wait times and a growing interest in European alternatives are starting to manifest in Chinese application volumes for the US EB-5 program. Figures for the fiscal year 2018 show the share of EB-5 visas issued to Chinese nationals has fallen to just 42%, down from 75% the year before. Not since

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Greek Golden Visa Entrepreneur’s Accounts Frozen as Investigators Probe Chinese Capital Control Skirting

Three weeks ago we reported on a case in which a prominent Greek executive’s golden visa side-business had landed him in trouble with both Greek and Chinese authorities over what investigators say was systematic side-stepping of Beijing’s capital controls related to the sale of Greek real estate to Chinese investors. See: Greek Golden Visa Firm in

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What Happens in Year 5? Chinese Applicants to Portugal’s Golden Visa Are Watching and Waiting

This article was contributed by Daniel Twomey, Head of Business Development at La Vida Europe Ltd. Since its inception in 2012, the largest proportion of applicants for the Portuguese Golden Visa (GV) programme have, without doubt, been Chinese. In recent years, however, there’s been a steady decline in demand from Chinese applicants; a decline that

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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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New Zealand Golden Visa’s Price Mark-Up Gamble Pays Off: Applications Down, Revenue Up

[dropcap]N[/dropcap]ew Zealand’s Category 2 Investor Visa – the world’s “pickiest” such program, with rejection rates hovering around 50% – last year doubled its investment requirement. That decision has earned the Kiwis an additional NZ$173 million (US$116 million). New Zealand’s Investor Visa (NZIV) programs are dearly priced: The Category 1 Plus Investor Visa costs NZ$10 million; Category

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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 challenge visa policies that keep investors waiting up to 15 years to come to the United States. American Lending Center (ALC), one of America’s leading EB-5 regional centers, has joined the suit to support and

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Saint Lucia Removes Visa Requirement for Chinese, Keeps it for Venezuelans

Chinese citizens will henceforth be able to travel to Saint Lucia without first obtaining a visa, while Venezuelans will have to wait. In a circular dated July 5th, the Ministry of External Affairs has announced “the immediate removal of visa requirements for Chinese nationals seeking to enter Saint Lucia, whether to stay or transit”.  Unfortunately, this is

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Chinese Investment Migration Trends: Ireland, Greece Push Caribbean CIPs Out of Top 10 Destinations

The Hurun Research Institute in association with Visas Consulting Group (a leading Chinese immigration company) has released the Immigration and the Chinese HNWI 2018 report which includes the “Chinese Immigration Index”, a ranking based on an investment migration program’s suitability for Chinese applicants, the “Preferred Destinations for Immigration Ranking”, as well as a variety of

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Half of Spanish Golden Visas Issued in Catalonia, 2 of 3 Investors Are Chinese or Russian

Since the start in 2013, 49% of Spanish golden visas have been issued in the province of Catalonia; 44% in Barcelona, the remainder in Girona and Tarragona. The program has so far raised EUR 2.33 billion from a total of 3,140 main applicants, according to Catalan newspaper Ara. The bulk of applicants are Chinese and

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Fake Arrest Article “Was Sponsored” Says Publisher in Apology to Range Developments

News Americas has issued an apology to Range Developments and Mohammed Asaria for publishing a story on Monday in which it wrote that Mr. Asaria had been arrested and detained in China, and have also admitted that the article was “a sponsored one from an advertiser”. When the story first surfaced on June 4th, Range

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Applications for Australia’s Golden Visa Down 72% From Peak As Chinese Lose Interest

Applications to Australia’s Significant Investor Visa (SIV) program has fallen from an average of 46 a month during the 2015/2016 fiscal year to just 13 a month between July 2017 and January this year. Driving the collapse in demand are tighter regulations and competition from European programs. In its first three years, Australia granted an average of

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98% of Grenada CIP Applicants So Far in 2018 From China Says CIU-Head Ince

During an interview with Investment Migration Insider in February – conducted in conjunction with the upcoming Caribbean Citizenship by Investment Documentary Series – the Chairman of Grenada’s Citizenship by Investment Committee (effectively Grenada’s CIU) revealed that applicants to the country’s CIP are, at the moment, overwhelmingly Chinese. “Grenada’s program has historically always had a majority

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Canadian Immigrant Investor Myth #2: The Chinese Are Driving Up Property Prices

By Stephane Tajick Is there a form of discrimination in our targeting of wealthy Chinese looking people in Canada? Are all Asian-looking people with money foreign Chinese investors or is it possible that we also put Canadian citizens and permanent residents of Asian ancestry with a bit of money in the same bag because some

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2 of 3 Investor Immigrants Worldwide Are Chinese Reveals Statistical Analysis

We did the math. The Chinese investment migration market is the investment migration market.  It was no easy task, as data sets don’t lend themselves very easily to apples-to-apples comparisons, sometimes historical records are missing, and sometimes you have to comb through spreadsheets in Greek. Nonetheless, we can say with a great degree of certainty that,

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NZ Investor Visa Has 53% Rejection Rate and 2 of 3 Applicants are Chinese

New Zealand has two separate categories available to investor immigrants: Investor 1 Resident Visa and Investor 2 Resident Visa.  Investor 1 requires an investment of NZ$ 10 million over a three-year period; Investor 2, an NZ$3 million over a four-year period (NZ$1.5 million until May 2017). Since 2007, 1,541 main applicants have received approvals under one of

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2017 Best Year on Record for Greek Golden Visa

Europe’s third most popular residence by investment program – after those of Portugal and Spain – the Greek Golden Visa, saw 648 residence permits issued to investors in 2017, marking another record year for applications and bringing the cumulative number of golden visas issued to 2,170. Unlike its Mediterranean cousins, however, Greece’s program has recorded four

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Communists and EB-5, and Other Investment Migration Stories in the Media This Week

We’ve curated a list of investment migration-related stories that appeared elsewhere on the web this week. Buying citizenship is a $7 billion industry. This short, animated video is a sort of layman’s introduction to the investment migration market. It’s a tad sensationalist, saying for example that it’s only for the super-rich (you don’t need to

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Actually Living There: Portugal Golden Visa Investors Increasingly Bring Family, Settle for Good

One of the criticisms most frequently levied against Golden Visa programs is that investors are merely out to obtain the documents, rather than taking an interest in the issuing country as such. In Portugal, at least, the data reveal this not to be the case. The average main applicant to Portugal’s Golden Visa program (PGVP) –

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Golden Visa Hotspot Prices Up 37% in Portugal as Foreigners Buy 1/4 Homes Sold in 2017

President of the Portuguese Real Estate Professionals and Brokers Association (APEMIP), Luís Lima, said the number of home sales in Portugal are up between 25 and 30 percent since last year, a hike he attributes largely to the more than 50,000 purchases by foreign buyers, reports Algarve News Daily. Lima estimated that foreigners – British,

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