L’ecuyer: “Shocked and Alarmed” at MEPs’ Misconceptions of IM Industry

The IMC’s chief executive says “there is a very big misunderstanding of what this industry is all about” but thinks the reshuffling of the European Parliament is a unique chance to set the record straight.

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L’ecuyer: The Industry Is at an Inflexion Point and Inaction Will Cost Us

Addressing industry stakeholders yesterday, Bruno L’ecuyer stressed the need for coordinated action vis-a-vis European institutions, highlighted the IMC’s new education program, and urged politicians to avoid uninformed decision-making.

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Euro-Parliament Votes to Endorse “Phasing Out” of RCBI in Europe: “Not the Right Answer,” Says IMC

The European Parliament today voted to adopt the TAX3 Committee’s February report calling for a “phasing out” of RCBI in Europe. The IMC has reacted with disappointment, calling instead on MEPs to support its work in raising industry standards.

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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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IMC to Launch Education and Certification Program “Imminently”

The Investment Migration Council (IMC) has announced, in a letter its members, that it will be its IMC Education & Training program very soon. “[…] we will be launching IMC Education and Training imminently. Establishing a framework of certification and accreditation will demonstrate the transparency and responsibility to which our industry must adhere,” writes the

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IMC on EC Report: European Institutions Must Include IM Industry in Policy-Making Process

Responding to the European Commission’s report on residence and citizenship programs in Europe, the Investment Migration Council says it’s time for EU-level institutions to engage with the industry and involve it in the policy-making process. We welcome the Commission’s report. It represents progress towards the establishment of a rigorous, fair and formalised system for investment

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Industry Reacts Positively to UK Tier 1 Moratorium, Reforms “Ready by Spring”

Following yesterday’s suspension of the UK Tier 1 Investor Visa – though not the Entrepreneur category – industry participants with whom Investment Migration Insider has been in touch say they welcome the Home Office’s decision. Reforms to be introduced “in the spring” In a written statement to Parliament, Immigration Minister Caroline Nokes has further elaborated

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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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IMC to OECD: Singling out RCBI-Countries “Makes No Sense and Cannot be Justified”

In a public response to the OECD’s “blacklisting” of jurisdictions with residence and citizenship by investment programs for alleged circumvention of the Common Reporting Standard (CRS), the Investment Migration Council writes that while they sympathize with many of the OECD’s motivations, tax and investment migration are two separate legal concepts that ought not to be

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Eur. Parliament Report on RCBI “Reaches Right Conclusions for the Wrong Reasons” Says IMC

In a response to the European Parliament’s report on the residence and citizenship by investment industry, the Investment Migration Council has issued a statement, reprinted in full below: Today, the European Parliamentary Research Service has recognised Residency and Citizenship by Investment Programmes as a legitimate sovereign capital raising mechanism and the positive economic impact that

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IMC and Arton Settle Differences, Will Cooperate for Benefit of RCBI-Industry

The Investment Migration Council (IMC) has issued a statement in which they make clear that they have reconciled their differences with Arton Capital – stemming from the publishing of a 2016 report on the Hungarian Bond Residency Program – and will henceforth work together with Arton on projects that will benefit the investment migration industry. The report in

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IMC’s L’ecuyer Urges Adherence to Ethical Code Following QIIP-Investigation

In a response to the airing of an investigative report on the Quebec Immigrant Investor Program (QIIP) by Canadian state broadcaster CBC Radio Canada, the CEO of the Investment Migration Council (IMC), Mr. Bruno L’ecuyer, has issued an open letter to all Residency and Citizenship by Investment professionals. For background, see Tajick: Public Broadcaster Investigation Rocks

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CIPs Pose “Serious Security Risk” Says European Justice Commissioner – The IMC Responds

[dropcap]T[/dropcap]he European Commissioner for Justice, Věra Jourová, has said that “the European Commission views the development [of citizenship by investment programs within the EU] with great concern” because approved applicants often have “no real connection” to the country and, furthermore, that the granting of citizenship poses a “serious security risk”. The Investment Migration Council has issued

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IMC to Develop Curriculum, Qualifications Framework for RCBI-Industry, Modeled on STEP

During an intergovernmental roundtable, organized as part of this year’s Investment Migration Forum in Geneva, government representatives from a global array of stakeholder countries pledged support to the Investment Migration Council, considered the problem of misconceptions about the investment migration industry, and learned of plans to develop a framework of qualification for industry practitioners, according

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Eric Major: Resolving Arton/IMC Matter is “In Everyone’s Interest” and Latitude Can Play a Role

During this week’s Investment Migration Forum in Geneva, attended by more than 300 delegates representing industry stakeholders from around the world, Investment Migration Insider had the opportunity to get comments from several key industry figures, one of whom was Eric Major, Founding Partner of Latitude Consultants.  Major indicated that Latitude, through its new cooperation with Arton

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