The Investment Migration Knowledge Platform
Hyong-Jin KWON Paris An estimated 700,000 dual citizens aged more than 22 live in Japan and an even more numerous – but innumerable – group of Japanese dual citizens abroad. Why do we count people older than 22? Because dual citizenship is technically only legal in Japan until the age of 22, at which
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Greece has put plans for the EUR 400,000 share, bond, and deposit options on ice as it braces for a snap election on July 7th.
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Skerrit said OECS member states have agreed to implement policies that will further unify the region’s citizenship by investment programs.
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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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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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Following the introduction of its US$220,000 real estate co-investment solution on March 18th, the Grenada CIU reiterates that the new price option is only available to developers that have received advance written approval, and cautions that those found to promote the new price prematurely will be subject to review and possible penalty.
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The investments proposed to be eligible for the Fast Track will make a Bulgarian CBI solution somewhat similar to the US EB-5 program.
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In a follow-up circular to this week’s announcement that the Grenada Citizenship by Investment Programme had lowered its real estate investment requirement to US$220,000, the program’s CIU makes it clear that the practice of discounting CBI-real estate will not fly in Grenada.
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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, Cypriot authorities have decided to add on a requirement for mandatory contributions amounting to 150,000. The Ministry of Finance reports that total revenues from the program since inception amount to €6.6 billion. Mandatory donations Applicants
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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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Stakeholder input requested ahead of UK government reforms of the Tier 1 Investor Visa program.
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Brussels is answering the IMC’s calls. The association says it has held a series of meetings with European officials, and taken part in a European Parliament debate.
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The new escrow law will make developer payouts contingent on construction milestones.
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This post was contributed by the Ivan Petrov of the New Balkans Law Office. Background On 22.01.2019 and 23.01.2019, the Government of Bulgaria (GoB) announced intended amendments to Bulgaria’s citizenship law. These will, if passed in Parliament, abolish investment citizenship and align Bulgaria with the 17 EU member-states which the European Commission in its simultaneous
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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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Christian NesheimEditor No more POS sales, no more re-selling property to multiple golden visa participants. The Greek government is moving swiftly to close loopholes. The Greek government last week put forward amendments in Parliament that aim to prevent what they consider abuse related to the country’s residence by investment program. Measures include a ban
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The government of Montenegro today announced it will be accepting applications from prospective intermediary agents, as well as due diligence companies, for its new citizenship by investment program. Prospective service providers must lodge an application by February 1st. Originally slated for a premiere in October 2018, Montenegro’s new CIP – technically named The Special Investment
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Prime Minister Timothy Harris of Saint Kitts & Nevis has announced, in a circular to agents, that he is amending the rules for switching applications between the real estate investment and donation options under the country’s Citizenship by Investment Programme. Switching between options will henceforth cost US$25,000, up from the previous US$10,000. The move comes
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The Saint Kitts & Nevis Citizenship by Investment Unit reports it has been consulting with developers over new regulations in a bid to prevent improper promotion and procedures related to the program’s real estate option. The developers, said the CIU, had pledged to ensure that their promotion of real estate would reflect the statutory requirements
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