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politics

Europe 

Portuguese President Calls Housing Bill “Unfeasible”, Indicates It is Unlikely to Go Through

March 22, 2023March 22, 2023 Ahmad Abbas club, europe, golden visa, mais habitacao, politics, portugal, residence by investment

Characterizing the bill as “inoperable from start to finish”, President de Sousa indicated it was unlikely to pass in its current form.

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Europe 

Legislative Proposal Seeks to Remove Real Estate Option for Spain’s Golden Visa

February 17, 2023February 17, 2023 Christian Henrik Nesheim club, europe, golden visa, politics, residence by investment, spain

Más País proposes a reform that “guarantees an effect on the real economy without distorting the real estate market in Spain.”

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Europe 

Portugal Golden Visa Lives to See Another Budget as Parliament Votes Against Closing Program

November 23, 2022November 23, 2022 Christian Henrik Nesheim club, europe, golden visa, politics, portugal, residence by investment

The ruling Socialist Party, despite the comments from its leader PM Costa earlier this month, will not be closing the program next year.

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Europe 

EU Commission Sends “Reasoned Opinion” on MEIN Policy: Malta Undeterred, Ready to Let the Court Decide

April 7, 2022April 7, 2022 Christian Henrik Nesheim citizenship by investment, club, EU, european commission, malta, MEIN, politics, reynders

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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Editor's Picks Europe 

Parliament, Commission Disagree on Legislation or Infringement as Best Way to End CBI in Europe

March 7, 2022March 7, 2022 Christian Henrik Nesheim citizenship by investment, club, EU, europe, european commission, european parliament, policy updates, politics, reynders, sophia in 't veld

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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North America 

US Bipartisan Bill Aims to End Visa-Free Travel to US, EU, UK for Countries with Citizenship by Investment Programs

March 7, 2022March 7, 2022 David Bonellie cbi, cip, citizenship by investment, club, north america, policy updates, politics

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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Europe Policy Updates 

White House, EU, UK, and Canada Vow to “Limit the Sale of Citizenship” to “Act Against” Russian Government

February 27, 2022March 2, 2022 Christian Henrik Nesheim citizenship by investment, club, europe, european commission, golden visa, politics, russia, ukraine, white house

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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Editor's Picks Europe 

Patel “Undermines Democratic Procedures” in Snap Program Closure Says Law Association, Calling for Application Grace Period

February 23, 2022February 23, 2022 Nick Harding club, europe, home office, investor visa, patel, politics, residence by investment, uk

The ILPA, an influential group of lawyers, accuses the Home Secretary of flouting democratic convention by unilaterally closing the program.

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Europe Policy Updates 

“Politics and Optics” and “Difficult to Understand”: Industry Reacts to UK Investor Visa Closure

February 18, 2022February 18, 2022 Christian Henrik Nesheim club, eric major, europe, golden visa, kelvin tanner, policy updates, politics, residence by investment, uk investor visa, uk tier 1, united kingdom

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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Europe 

LIBE Committee Adopts RCBI-Ban Proposals; Eur. Parliament Will Vote on Matter Next Month

February 15, 2022February 15, 2022 Christian Henrik Nesheim citizenship by investment, club, EU, europe, european commission, european parliament, golden visa, politics, residence by investment, sophia in 't veld

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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Europe 

Bulgarian Parliament Votes to End CBI-Program in First Reading

February 3, 2022February 3, 2022 Christian Henrik Nesheim bulgaria, cbi, citizenship by investment, club, ivan petrov, politics

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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Europe 

EP Report Proposes Radical New RCBI Rules: EU to Take 50% of Program Proceeds, Ban Lobbying, Marketing

January 26, 2022January 26, 2022 Christian Henrik Nesheim citizenship by investment, club, EU, europe, european parliament, golden visa, mep, politics, residence by investment

MEPs also propose licenses for IM practitioners, undercover sting operations, and that 75% of investment must be “green and digital”.

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Caribbean 

New St. Lucia Govt. Aims to Take Direct Control of CBI-Fund: Can’t Let It “Be Turned Into a Slush Fund” Says Chastanet

November 18, 2021November 18, 2021 Christian Henrik Nesheim caribbean, cbi, chastanet, cip, citizenship by investment, club, politics, saint lucia

“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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Capitol Letters North America 

A Lesson in Legislation as We Await EB5 Regional Center Program Reauthorization

October 19, 2021October 19, 2021 Aaron Grau aaron grau, club, continuing resolution, eb-5, iiusa, omnibus, politics, reauthorization, regional center, united states

What do “budget reconciliations,” “continuing resolutions,” “omnibuses,” and “minibuses” mean for the future of EB-5? Aaron Grau answers.

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Caribbean Editor's Picks 

New Government Ousting Nestor Alfred from Saint Lucia CIU

October 6, 2021October 6, 2021 Christian Henrik Nesheim caribbean, cbi, cip, citizenship by investment, ciu, club, nestor alfred, politics, saint lucia

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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Europe 

MEIN Policy Must End, Says von der Leyen – Malta Will Decide for Itself, Muscat Responds

September 19, 2021September 19, 2021 Christian Henrik Nesheim alex muscat, cbi, citizenship by investment, club, EU, europe, european commission, malta, MEIN, politics, von der leyen

Parliamentary Secretary Muscat once again reminds Ursula von der Leyen that deciding whom to naturalize is Malta’s sovereign prerogative.

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Caribbean 

Saint Lucia Elects New Government: What Does it Mean for the Citizenship by Investment Program?

July 27, 2021August 26, 2021 Christian Henrik Nesheim caribbean, cbi, cip, citizenship by investment, club, nestor alfred, philip j pierre, politics, saint lucia

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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Capitol Letters North America 

A Pragmatic (and Realistic) Approach to EB-5 Regional Center Reauthorization

July 23, 2021August 19, 2021 Aaron Grau aaron grau, club, eb-5, iiusa, north america, opinion, politics, 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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Capitol Letters North America Opinion 

Grau: EB-5 Regional Center Program Lapse is a Temporary Setback

July 10, 2021August 19, 2021 Aaron Grau aaron grau, club, eb-5, iiusa, north america, opinion, politics, reauthorization, regional center, residence by investment

Though the Senate rejected Grassley and Leahy’s request for unanimous consent, reauthorization bills are still pending, writes Aaron Grau.

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Editor's Picks North America Policy Updates 

Senate Rejects Grassley-Leahy Reauthorization Bill: EB-5 Regional Center Program Will Sunset Next Thursday

June 25, 2021June 25, 2021 Christian Henrik Nesheim club, eb-5, grassley-leahy, north america, policy updates, politics, reauthorization, regional center, suzanne lazicki

What many had feared has happened: The regional center program will expire next week, potentially affecting as many as 100,000 investors.

Read more
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