Egyptian Cabinet Approves CIP-Law, Formalizes Requirements
Egypt is set to open the world’s 13th formal citizenship by investment program, with minimum investments starting at US$250,000.
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Julius Caesar, the Grandfather of Citizenship by Investment, Never Demanded “Genuine Links”
2,000 years ago, the Roman Empire conceptualized citizenship; flexible, obtainable via contributions, and not necessarily linked to residence.
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Commissioner Jourova Hints an Albanian CIP Could Jeopardize EU-Accession
“The Commission monitors investor citizenship schemes in the context of the EU accession process,” said Jourova during an interview with the Albanian press.
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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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Kenya’s Plans for Citizenship by Investment – Any Takers?
No EU, no Schengen, and a relatively high price tag. Kenya hopes a CIP will help repay its debts. The notion is far-fetched, but not altogether ludicrous.
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Investment Migration CEOs Predict Grenada CIP Will Be Best-Seller This Year
The results from IMI’s 2019 Investment Migration Executive Survey are in.
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Saint Lucia PM Confirms Non-Dom Tax Residency Program Going Ahead
“We don’t ever want to become dependent on CIP,” emphasized Chastanet, who also confirmed OECD had given the country’s tax residency plans the green light.
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Turkey is Giving Grenada a Run For Its E2 Money, Three More Competitors Waiting in The Wings
Turkey surprised many by becoming the world’s most popular CIP. None more so than Grenadians, who are finding their cozy corner of the market contested.
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IMF Predicts €530m Revenue From Montenegro CIP Over Next Three Years
But the Fund also cautioned against spending CIP money “before it has materialized” and to keep an eye on the reputation and financial integrity risks.
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Chetcuti’s Statement on ORiip Ruling: “Regulator’s Conclusions Did Not Come as a Surprise”
The “report has shown in crystal clear terms that allegations made on the TV programme were false,” writes Dr. Jean-Philippe Chetcuti in a press statement.
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Albanian PM: Citizenship by Investment is “The Right Way and Something We Have to Do”
“I strongly believe that this is the right way and this is something we have to do,” said Prime Minister Edi Rama of Albania, referring to plans of a CIP.
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Revenues More Than Double for Saint Lucia CIP in 2018-19, But Approval Volume Remains Stable
Saint Lucia’s CIP is growing, but not as fast as some of its neighbors, a state of affairs its head of CIU attributes to the market’s price sensitivity
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Montenegro Approves Three More CIP Hotel Developments
Three out of four projects so far are in the North, where the required investment is lower. Several more project approvals are expected by the end of the year.
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Complete Exoneration for Chetcuti Cauchi; “No Evidence of Collusion,” Says Regulator
Having reviewed in detail all 164 Malta IIP applications from the firm, ORiip finds that Chetcuti Cauchi is innocent of all allegations brought against it.
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4 Potential Countries For Europe’s Next Citizenship by Investment Program
These four countries have the necessary economic, demographic, and political ingredients to open Europe’s next citizenship by investment program, writes Ahmad Abbas.
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Cyprus to Revoke 26 Citizenships Granted Under Pre-2018 CIP
The Cypriot government says it will revoke 26 citizenships granted before 2018. Among the individuals affected are eight Cambodians and one Malaysian.
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Grenada CIP Revamps Application Procedures to “Drastically Reduce Processing Times”
Grenada is simplifying documentation requirements, re-structuring the procedural steps, and implementing automated solutions to catalyze their processing.
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The Jho Low Cyprus Case: What We Know and What We Don’t
The big story in investment migration this week involves Jho Low, Cyprus’ government, private business, due diligence providers, and even the clergy.
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Jho Low “Has Never Been Our Client”- Firm Responds to Claims it Helped Fugitive Obtain Cyprus Passport
A Cyprus newspaper claims the country’s CIP approved fugitive Jho Low in 2015 with the help of Henley & Partners. The firm categorically denies the claims.
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City-Specific Citizenship by Investment: Practicable or Pipe-Dream?
Could we soon see the rise of CIPs that apply to cities, rather than to whole countries? One progressive European city provides a template.
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