Though the Senate rejected Grassley and Leahy’s request for unanimous consent, reauthorization bills are still pending, writes Aaron Grau.
What many had feared has happened: The regional center program will expire next week, potentially affecting as many as 100,000 investors.
Following a ruling yesterday, the EB-5 Modernization Rule, which raised the program’s minimum investments in 2019, is no longer in effect.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.
Despite repeated assurances of an imminent reopening, the MM2H remains inactive 21 months after its initial suspension. Insiders say politicking is to blame.
The European Commission has sent a “Reasoned Opinion” to Cyprus and an “additional letter of formal notice” to Malta.
Dominica is back on the European Council’s blacklist of tax havens. Bermuda is opening a pricey residency by investment program.
Giegold openly denounced von der Leyen in the European Parliament, accusing her of “extending an open invitation to criminals.”
As Vincentians go to the polls on Thursday, they are effectively casting a vote for or against citizenship by investment.
Cyprus and Malta must now provide “satisfactory” answers within two months or see the matter referred to the European Court of Justice.
Not as advertised: A 15-year veteran MM2H advisor questions whether authorities really want foreigners to make Malaysia their second home.
“We are looking closely at actions that are taken and actions being contemplated by the EU and also by the OECD,” said Ambassador Colin Murdoch.
Vanuatu’s new government wants more transparency for its two CIPs. Particularly for the VCP, a program exclusively operated by a single agent in Hong Kong.
Opposition MPs had also insisted on removing a legal provision that would ensure the concealment of CIP-applicants’ identities.
The government, however, says it will propose a further extension of the moratorium, one that could last until 2021 if approved by parliament.
Opposition lawmakers say no CIP applications submitted after January 31st can be considered until government presents new regulations in Parliament.
Malta’s Opposition does not want to engage in MIIP-reform talks with the new PM, Robert Abela, who has indicated he has no plans to end the program.
Mendes, leader of the Socialist bench, said her party would do away with golden visas for hotspots Lisbon and Porto in favor of less developed regions.
Seven countries that either have or are considering a citizenship by investment program will go to the polls in 2020. Here’s how it can affect the market.
The IMC expresses chagrin at being excluded from consultations on a report it says was “hijacked by ill-informed, unaccountable third party organizations.”
Portugal’s government wants to channel more golden visa funds into non-real estate projects to address concerns about housing costs. That will not be easy.
