The CIU concedes a post-approval backlog. Russia and Iran supply 31% of the applicant book, a cohort the Caribbean has all but shut out.
Approval rates held between 96% and 98%, placing the contraction on the filing side rather than in the decisions.
A record denial rate is one of several findings, alongside a considerable fall in bond applications.
The country’s experience hints at a lucrative “life after Schengen” that Caribbean leaders will observe closely.
An even split: Portugal slipped below its record as Italy overtook Vanuatu for fastest program. IMI’s Q1 Survey is out now.
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Corporate investors account for 97.7% of the program’s Rp 52.1 trillion total; Americans are the largest holder group.
Athens leads on gross returns at 5.43%, but the math shifts once thresholds, the short-term rental ban, and tax reforms are factored in.
The now-defunct program’s final full-year report shows record capital generation even as the ECJ ruling that would kill Malta’s CBI loomed.
Application growth moderates after the second-year surge; annual pace remains well below the government’s 4,000 target.
Audited FY24 financials show EC$90 million surplus on EC$240 million revenue; category-level application data withheld for a third year.
Regional Center filings surged 38% year-on-year; direct petitions remain marginal with a 58% denial rate.
3,172 approvals and nearly US$1B in deposits and property; MM2H’s rebound from its disastrous 2021 overhaul is now quantifiable.
One rule change in March 2025 triggered a 440% monthly surge. The numbers since make the first year look like a different program.
Americans lead investor visa surge as New Zealand’s growth category draws bulk of applications since April reforms.
São Tomé citizenship applicants span 27 countries from Russia to Venezuela. The program averaged 20 submissions monthly since launch.
Sao Tome has issued its first passport, approved over 25 files, and is gaining global appeal. NTL Trust examines the statistics behind the program.
Backlog fell over 4% between October and November as Greece completes 88% of 2023 applications and half of 2024’s submissions.
Italy’s investor visa applications doubled in the past two years, and one CEO believes that 1,000 applications annually is a real possibility.
50% of industry executives doubt Caribbean CBI states will enforce 30 day stays and 75% expect new CBI programs in 2026.