Carlyle Rogers: CBI Has No Place in the Current Geopolitical Debate on Immigration

The place of the CBI industry in the current geopolitical debate surrounding immigration To say that immigration is the driving force behind the current turmoil facing Western democracies is to acknowledge the obvious and make the understatement of the decade. The subject is to the rise of Donald Trump in the US, the advent of Brexit,

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Rogers: EU/OECD’s Real Concern About CIPs Is Tax Competition, Not “Good Governance” – Part 2

Carlyle Rogers: CARICOM finally appears to realize that the EU is out to destroy the region’s economic future under the guise of tax good governance and other red herrings. What took them so long?

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IMC Cautions MEPs Ahead of Vote: Phasing Out IM Programs Detrimental for Member State Economies

The European Parliament is about to vote on a report that urges the “phasing out” of investment migration programs. Such a decision would have severe adverse effects on Europe’s peripheral economies, says the IMC, which urges MEPs not to support the calls for the industry’s discontinuation.

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Kochenov: EU Report on Investor Citizenship and Residence – When the Commission Misleads

Contributed by Dr. Dimitry Kochenov Today, on 23 January 2019 the Commission released its ‘Report on Investor Citizenship and Residence Schemes in the European Union.’ Given the negative attention the whole issue of selling EU citizenship and residence has been receiving from the powers that be in the European Union, be it the European Parliament

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Portugal Golden Visa: €77M Raised in November, Up 30% Year-on-Year

Statistics from Portugal’s Borders and Immigration Service shows the country’s golden visa program raised FDI worth €77 million from 126 investors in November, a slight improvement on the month before and 30% more than during the same month last year. Read also: Opinion: Why Portugal, Objectively Speaking, Has the Best Golden Visa in the World So

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Cypriot President Responds to “Targeting” of Citizenship Program in European Parliament

During a debate among members of the European Parliament in Strasbourg, earlier this week, President Nicos Anastasiades of Cyprus came out in defense of his country’s citizenship by investment program. As part of a broader debate titled the Future of Europe, the president commented on the parliamentarians’ repeated criticism of the Cyprus CIP in recent months,

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Opinion: Why Portugal, Objectively Speaking, Has the Best Golden Visa in the World

Kianoush MahmoudiDirector and Head of Business Development at Cankash Company   Europe has no shortage of citizenship and residence by investment programs, each competing to court the most HNWIs and – by extension -foreign investment. At last count, in fact, more than half the countries in Europe had such programs. While all these programs are

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Tajick: 50+ Misleading, False and Biased Statements Found in EU Report on RCBI

Recently, the EU Parliament published a draft report on financial crimes, tax evasion, and tax avoidance. This draft report “Concludes that the potential economic benefits of CBI and RBI schemes do not offset the serious money laundering and tax evasion risks they present; calls on Member States to phase out all existing CBI or RBI schemes

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“Need to Deal in Facts, Not Fear” Says IMC-Chief About MEPs’ Calls to “Phase Out” RCBI-Programs

In a draft report published last week, the European Parliament’s Financial Crimes, Tax Evasion, and Tax Avoidance Committee called for the “phasing out” of investment migration programs across Europe. Today, Bruno L’ecuyer, head of the Investment Migration Council, urges stakeholders to put things in perspective to engender a “mature debate about investor migration”. “Immigration is always

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IMC-Boss L’ecuyer on EU/OECD: “We’re Engaging the Powers That Be to Set the Record Straight”

During an interview with IMI at the Investment Immigration Summit in Hong Kong a few weeks ago, Bruno L’ecuyer, CEO of the Investment Migration Council, spoke about how the industry association is meeting the challenges brought on by increased scrutiny from supranational bodies like the EU and the OECD. “We want to meet with the

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Europe’s Golden Visa Boom: From 3 to 23 Programs in 10 Years

More than half of Europe’s countries now have a formal residence by investment program. We’ve mapped the development in a GIF. In 2008, only Gibraltar, the UK, and Monaco had formal residence by investment programs. Today, 23 of Europe’s 44 countries have golden visas. On our map, we’ve only included residence by investment programs that

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Malta IIP Rejects Two Applicants; Other Programs Didn’t

In an interview with TVM yesterday, Charles Mizzi, Chief Communications Officer of the Malta Individual Investor Programme Agency (MIIPA), revealed that Malta had turned down two applicants – one from North Africa, the other from Asia – even though the individual in question had previously received approvals from other programs. The decision, Mizzi told TVM,

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PM: Antigua Will Amend Laws to “Keep Out of the Crosshairs of the OECD”

Prime Minister Gaston Browne of Antigua & Barbuda says he is open to amending laws on banking and information sharing if that’s what’s necessary to comply with OECD demands. The OECD this week released a “blacklist” of 21 jurisdictions they consider to have a high risk of CRS-evasion because the countries in question have both

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European Parliament Publishes Report on RCBI-Programs

The European Parliamentary Research Service has published a report on residence and citizenship by investment programs in the EU, suggesting how the EU should “deal with” such schemes. The report comes as a result of requests from the European Parliament’sSpecial Committee on Financial Crimes, Tax Evasion and Tax Avoidance(TAX3) for a study on CBI and RBI

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3 Countries Make up 84% of Europe’s €5bn-a-Year Golden Visa Market

Three countries issued 84% of golden visas in Europe last year; one country alone made up more than half the market. We’ve compared Europe’s golden visa programs by application approval volumes and foreign direct investment raised over the last 12-month period.  A note on our figures: For the number of approved main applicants during the last

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