Eur. Commission Report on RCBI Ignores Socio-economic Benefits, Says H&P

Responding to the European Commission’s long-awaited report on residence and citizenship by investment – which will only become publicly available tomorrow – Henley & Partners have issued a press release. While the firm agreed with some of the Commission’s conclusions, the report, said Henley & Partners, “is lacking when it comes to the important consideration

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Eur. Parliament Report on RCBI “Reaches Right Conclusions for the Wrong Reasons” Says IMC

In a response to the European Parliament’s report on the residence and citizenship by investment industry, the Investment Migration Council has issued a statement, reprinted in full below: Today, the European Parliamentary Research Service has recognised Residency and Citizenship by Investment Programmes as a legitimate sovereign capital raising mechanism and the positive economic impact that

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IMC and Arton Settle Differences, Will Cooperate for Benefit of RCBI-Industry

The Investment Migration Council (IMC) has issued a statement in which they make clear that they have reconciled their differences with Arton Capital – stemming from the publishing of a 2016 report on the Hungarian Bond Residency Program – and will henceforth work together with Arton on projects that will benefit the investment migration industry. The report in

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Malta Already Follows Recommendations Says Govt. in Reaction to Transparency Report

In response to today’s report from Transparency International – European Getaway; Inside the Murky World of Golden Visas – Malta’s government has issued the following statement: Press Statement issued by the Government of Malta Reaction to the report ‘European Getaway – Inside the Murky World of Golden Visas’ published by Transparency International and Global Witness 2018 The

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Latitude/Arton Consortium Wins Government Mandate for Anguilla

In a press release, the government of Anguilla states that it has signed an MOU with Latitude Consultancy and Arton Capital to open an agency that will attract investment to the recently announced Anguilla Residence by Investment Programme (ARBI) and, more generally, to attract foreign capital in all its forms to the country. The agreement

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Malta PM: Applicants Rejected by Other Programs Should “Not Even Bother” Trying Malta IIP

Speaking during the 2018 UGlobal Immigration Convention in Los Angeles this Tuesday, Maltese Prime Minister Joseph Muscat said investors who have been rejected by other countries should “not even bother” applying for the Malta Individual Investor Programme (MIIP) because it had the strictest due diligence in the world, wanted only the best applicants, and was the

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450 Chinese EB-5 Investors Sue US Govt. Over 15 Year Wait Times

Press release via Business Wire: A group of more than 450 Chinese EB-5 investors are suing the U.S. government to challenge visa policies that keep investors waiting up to 15 years to come to the United States. American Lending Center (ALC), one of America’s leading EB-5 regional centers, has joined the suit to support and

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Eur. Parliament: Member States Can Have R/CBI-Programs, But Commission is “Monitoring”

The European Parliament (EP) has issued a formal position on the matter of residence and citizenship by investment programs in which it acknowledges EU member states have self-determination as regards the awarding and revocation of citizenships, but that “member states should use their prerogative to award citizenship in line with international and EC [European Commission] law” and that

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IMC to Develop Curriculum, Qualifications Framework for RCBI-Industry, Modeled on STEP

During an intergovernmental roundtable, organized as part of this year’s Investment Migration Forum in Geneva, government representatives from a global array of stakeholder countries pledged support to the Investment Migration Council, considered the problem of misconceptions about the investment migration industry, and learned of plans to develop a framework of qualification for industry practitioners, according

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Range-Boss Asaria Dispels Fake News Regarding Arrest in China

Yesterday, a news outlet based in the Caribbean published a story claiming Mohammed Asaria – founder of Range Developments, the developer of Park Hyatt Saint Kitts, the Cabrits Resort in Dominica, as well as the Six Senses Saint Kitts – had been arrested and detained in China on suspicion of illegal fundraising. Range Developments have

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Thirst for Tourists Driving Global Trend of Increasing Travel Freedom

Henley & Partners last week issued a second-quarter update on its Henley Passport Index, showing Japan is now alone at the top of the table for number of visa-free destinations, narrowly beating Singapore and Germany. While Japan’s ascent to pole position is perhaps not remarkable, it’s interesting to note how a global trend in mobility

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IMC Press Statement: “Arton Capital Aggressively Targeting IMC” with “False and Misleading Accusations”

The Arton/IMC saga continues unabated as the Investment Migration Council releases a press statement in which it chastises Arton Capital for what it perceives as a attempts to “create harm against the IMC”. Press release via the IMC: Geneva, 27 March 2018 Arton Capital are aggressively targeting the Investment Migration Council (IMC) in order to

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Investment Migration Council Responds to OECD’s Consultation Paper on CRS

The Investment Migration Council (IMC) has issued a response to the OECD’s open consultation paper on “preventing abuse of investment migration programs”, published last month, in which the organization called for public input. The IMC’s response is reprinted in full below: Geneva March 2018   OECD RBI/CBI Consultation Response Preamble The Investment Migration Council (IMC)

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EB-5 Industry “Extremely Disappointed” as Bid for Re-Authorization Falls Flat

Invest in the USA (IIUSA) the EB-5 industry’s advocacy organization, has issued a statement on the United States EB-5 program’s failure to receive bicameral approval and inclusion in the draft omnibus appropriations bill, slated for a congressional vote this Friday. Reports of the possible inclusion of reform and long-term reauthorization of the program in the

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Range Formally Announces 4th CIP Development: Six Senses in Saint Kitts

Press release via Range Developments:  March 4, 2018  Basseterre, ST KITTS & NEVIS – Range Developments, the developer of luxury hotel resorts in the Caribbean, is bringing the Six Senses brand to the island nation of St. Kitts & Nevis. Six Senses St. Kitts will be set on the site of a former sugar plantation with

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Singapore and Japan Knock Germany off Top-Spot in the Henley Passport Index

Press release via Henley & Partners: Japan and Singapore have knocked Germany off the top spot of the Henley Passport Index, with citizens of both Asian nations now enjoying visa-free access to a record 180 destinations. The German passport has topped the travel freedom index — updated in real-time as visa-policy changes come into effect —

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Saint Kitts CIP Repudiates Libelous Claims of Taking in Fraud Suspects From India

Saint Kitts and Nevis has repudiated a claim made in the Indian press that celebrity Jeweller Nariv Modi and his uncle Mehul Choksi – whose passports Indian authorities recently revoked as they stand accused of defrauding the Punjab National Bank of some US$ 1.7 billion in a case that involves multiple suspects, including some bank employees

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CNN Names Park Hyatt Saint Kitts No. 1 New Hotel in Caribbean

Investment Migration Insider is spending this week and next crisscrossing the Caribbean as part of our work on an upcoming documentary series about the region’s five citizenship by investment programs (stay tuned). We ask our regular readers to forgive the irregular and somewhat reduced reporting volume during this period. Just as we are visiting the Park

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Saint Kitts CIP Reduces Govt. Fees on Real Estate in Response to Developer Concerns

The government of Saint Kitts & Nevis has reduced the fees it charges applicants investing under the real estate option of its citizenship by investment program. A family of four are now charged US$75,000, rather than the US$125,000 it previously charged a typical family (US$50,000 for the main applicant, US$25,000 for a spouse and US$25,000 for

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Investment Migration Council Opens Caribbean Office, Represented by Latitude

Press release via Investment Migration Council: Geneva, 25th January 2018 The Investment Migration Council (IMC), the worldwide association for Investor Migration and Citizenship-by-Investment, headquartered in Geneva, has opened an office in the Caribbean represented by Latitude Consultancy Limited.  This ‘touch point’ serves to spread the reach of the IMC and its work throughout one of the

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