On Japanese Citizenship and Naturalization Policies and How They May Change

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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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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Developers Promoting Grenada’s New Price Option Without Prior Approval Subject to Penalties, CIU Warns

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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Grenada CIP Leaves Nothing to Chance in New CBI-Discounting Prevention Regulations

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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Cyprus Citizenship Program Raises Mininum Investment, Reports €6.6 Billion Revenue Since 2013

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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NBLO: Why Bulgaria Should Retain its Investor Migration Program

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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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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Greek Govt. Moves to Close Loopholes: No More POS Payments for Golden Visa

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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Montenegro CIP Opens Applications for Agents, Due Dil. Firms: Deadline is 28 Days Away

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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Saint Kitts Raises Cost of Switching Between Investment Options to $25,000

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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Saint Kitts CIU to Instate Real Estate Escrow: Payouts Contingent on Developers Actually Developing

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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