The Investment Migration Knowledge Platform
Malta saw revenues outpace expenditures in 2018. While the government was careful to point out that it would have logged a surplus even in the absence of its citizenship by investment program, the MIIP can take credit for three-quarters of the positive balance.
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By this time next year, EU golden visa programs will have changed so much that they will have effectively ended. But exciting new programs are coming online to replace them, writes Paul Girodo.
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The Home Office is discontinuing the UK’s Tier 1 Entrepreneur Visa, and replacing it with two new visa categories. Saadiya Saadat elaborates.
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If it turns out Portugal Golden Visa investors who spent 35 days in the country end up NOT qualifying for citizenship, the ramifications for the global IM market will be momentous, writes Laszlo Kiss.
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Nearly nine in ten respondents favored the introduction of a “pooled investment” provision, in which the government would identify specific projects with a clear benefit to the UK economy, into which applicants would co-invest.
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Despite growing Chinese Chinese demand, approvals are down by a quarter on an annualized basis, and Iraqi and Iranian investors
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The European Parliament has made its opposition to investment migration clear. This leaves the industry facing some stark choices, writes Dr. Hussain Farooq.
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Head of Montenegro’s Secretariat for Development Projects, Dejan Medojević, says he expects to begin receiving applications for the country’s CIP “by the end of this year” and that the program itself will be “fully in place” by 2020.
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Having rejected the applications of all 13 prospective due diligence providers for the Montenegro Citizenship by Investment Program, the Secretariat for Special Projects calls on candidates to submit their applications – this time filled out to the letter – before April 1st.
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In a succinct statement on its website, Montenegro’s Secretariat for Special Projects reveals it has picked Henley & Partners, Arton Group, and Apex Capital as approved intermediaries for the country’s upcoming citizenship by investment program.
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Total investment in the program is down 31% compared to the same month last year – from EUR 91 million to EUR 63 million – while the number of main applicants fell by 36% – from 159 to 101.
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Montenegrin officials said in a press release that none of the 13 due diligence firms (see which below) “complied with the criteria prescribed”.
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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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Ahead of the Home Office’s heralded reform of the UK Tier 1 Investor Visa program – the particulars of which remain a known unknown – investors in December scrambled to submit applications.
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Project must have five stars (or four in less developed regions), a total investment of at least EUR 15M (or EUR 5M), 80 (or 25) staff, and at least 60 (or 35) rooms.
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Preliminary figures show 2018 is on track to become a record year for the program; Investors filed 420 applications, 379 have yet to complete processing.
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Having lowered the minimum investment requirement for its citizenship by investment program in 2016, from €2.5 million to €2 million,
Read moreThe list of firms applying for intermediary status in Montenegro includes many familiar names, some newcomers, and several surprises.
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An insider familiar with the process says he believes the government will end up selecting on four or five big international firms.
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Should each month in 2019 be as good as January, Portugal would see its own annual records for both investment and visas issued surpassed by some 24%
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