EU Commission Sends “Reasoned Opinion” on MEIN Policy: Malta Undeterred, Ready to Let the Court Decide
The European Commission issues Malta a final demand to close its MEIN policy before deciding whether to take the country to court.
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politics
Parliament, Commission Disagree on Legislation or Infringement as Best Way to End CBI in Europe
The Commission agrees with the Parliament that citizenship by investment in the EU should end. What they don’t agree in is how to end it.
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US Bipartisan Bill Aims to End Visa-Free Travel to US, EU, UK for Countries with Citizenship by Investment Programs
The bipartisan bill not only seeks to exclude countries with CIPs from the US visa waiver program, but also from visa-free travel to Europe.
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White House, EU, UK, and Canada Vow to “Limit the Sale of Citizenship” to “Act Against” Russian Government
The group said it would “limit the sale of citizenship”. Whether it means to restrict just Russians or CBI programs altogether is not clear.
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Patel “Undermines Democratic Procedures” in Snap Program Closure Says Law Association, Calling for Application Grace Period
The ILPA, an influential group of lawyers, accuses the Home Secretary of flouting democratic convention by unilaterally closing the program.
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“Politics and Optics” and “Difficult to Understand”: Industry Reacts to UK Investor Visa Closure
Latitude’s Eric Major and Charles Russell Speechlys’ Kelvin Tanner question the Home Office’s justifications for scrapping the Investor visa.
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LIBE Committee Adopts RCBI-Ban Proposals; Eur. Parliament Will Vote on Matter Next Month
The LIBE Committee today approved MEP Sophie in ‘t Veld’s radical anti-RCBI report. The European Parliament will vote on the bans next month.
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Bulgarian Parliament Votes to End CBI-Program in First Reading
The draft bill that, if adopted, would see the termination of Bulgaria’s semi-direct citizenship program passes its first legislative hurdle.
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EP Report Proposes Radical New RCBI Rules: EU to Take 50% of Program Proceeds, Ban Lobbying, Marketing
MEPs also propose licenses for IM practitioners, undercover sting operations, and that 75% of investment must be “green and digital”.
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New St. Lucia Govt. Aims to Take Direct Control of CBI-Fund: Can’t Let It “Be Turned Into a Slush Fund” Says Chastanet
“We cannot sit by and allow CIP to be turned into a slush fund at the whims and fancies of the Cabinet,” said MP Allen Chastanet.
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A Lesson in Legislation as We Await EB5 Regional Center Program Reauthorization
What do “budget reconciliations,” “continuing resolutions,” “omnibuses,” and “minibuses” mean for the future of EB-5? Aaron Grau answers.
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New Government Ousting Nestor Alfred from Saint Lucia CIU
An email circulated among staff at the Saint Lucia CIU indicates Nestor Alfred’s tenure is coming to a close following a political shake-up.
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MEIN Policy Must End, Says von der Leyen – Malta Will Decide for Itself, Muscat Responds
Parliamentary Secretary Muscat once again reminds Ursula von der Leyen that deciding whom to naturalize is Malta’s sovereign prerogative.
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Saint Lucia Elects New Government: What Does it Mean for the Citizenship by Investment Program?
The opposition has swept Allen Chastanet’s United Workers Party from office in a decisive electoral victory. What does it mean for the CIP?
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A Pragmatic (and Realistic) Approach to EB-5 Regional Center Reauthorization
Aaron Grau argues that some EB-5 regional center program advocates, in their pursuit of an ideal but unfeasible reform package, are risking re-authorization altogether.
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Grau: EB-5 Regional Center Program Lapse is a Temporary Setback
Though the Senate rejected Grassley and Leahy’s request for unanimous consent, reauthorization bills are still pending, writes Aaron Grau.
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Senate Rejects Grassley-Leahy Reauthorization Bill: EB-5 Regional Center Program Will Sunset Next Thursday
What many had feared has happened: The regional center program will expire next week, potentially affecting as many as 100,000 investors.
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EB-5 Min. Investment Back to US$500k as Court Vacates Modernization Rule – For Now
Following a ruling yesterday, the EB-5 Modernization Rule, which raised the program’s minimum investments in 2019, is no longer in effect. That could change quickly.
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After 21 Months, No End in Sight for MM2H Suspension – Political Turf War to Blame, Say Insiders
Despite repeated assurances of an imminent reopening, the MM2H remains inactive 21 months after its initial suspension. Insiders say politicking is to blame.
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Eur. Commission Makes Next Legal Move in Malta, Cyprus Infringement Procedures
The European Commission has sent a “Reasoned Opinion” to Cyprus and an “additional letter of formal notice” to Malta.
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