Golden Visa Demand, VAT-Breaks See Athens-Region New Development Area Equivalent to Gibraltar
The Greek property market has taken a drastic turn for the better during 2019, spurred on by a VAT holiday and soaring demand for golden visas.
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europe
Italy’s Investor Visa Could be Europe’s Most Popular if Only it Didn’t Ignore Market Realities
The Italian Investor Visa (IIV) has been around for almost three years without gaining any meaningful traction. Why?
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House Passes Bill to Make Portugal an E1 and E2 Treaty Country
Portugal’s golden visa investors may soon not only have the chance to gain residence and citizenship in an EU country, but also to run businesses in the US.
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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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Greek Golden Visa to Surpass 2,000 Main Applicants in 2019, 40% Ahead of Closest EU Competitor
Greece’s residence by investment program is raising €23 million a week. Already Europe’s most popular program by far, its application volumes keep growing.
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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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Total Revenue From Residence by Investment in Portugal to Pass €5 Billion Milestone Within Weeks
The milestone has only been reached by three other residence programs in history, but apps. hit a 17-month low in Nov and 2019 income is lowest since 2015.
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Malta RVP’s Financing Option Shows Why the RCBI Market is About to Get 10 Times Bigger
Investment financing has the potential to catapult investment migration from UHNWI luxury product status to the much greater mass affluent market.
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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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Greece Formally Approves Litany of New Asset Classes For Golden Visa Investment
After two years on the drawing board, the Greek government yesterday approved a variety of new investment options for its golden visa program.
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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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€5 Billion By Year’s End: Residency Investment in Portugal Picks Up 24% in October
Portugal’s golden visa program is just EUR 89 million away from passing the 5-billion-euro mark. The champagne-opening could take place as soon as next month.
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Greek Govt. Tables Lump-Sum Tax of as Little as €25,000 For Qualified Investors
Greek Prime Minister Mitsotakis means business: Invest half a million; pay 100,000 in tax. Invest 1.5 million; pay 50,000. Invest 3 million; pay 25,000.
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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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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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