
The Investment Migration Program Winners and Losers of 2025
2025 brought unexpected twists in the RCBI world, with once-dominant programs slipping and new contenders rising fast.

2025 brought unexpected twists in the RCBI world, with once-dominant programs slipping and new contenders rising fast.

Half of firms in the 2025 Investment Migration Executive Survey say Americans are their fastest-growing client group.

Fewer files, richer returns. Grenada’s CIP earns record revenue per investor even as intake slows.

Indians and Americans are the largest nationality pools to date, and 27 registrations came from within Botswana.

Greece is on track for about 8,600 applications in 2025, and the backlog has fallen by 4,612 applications since the start of the year.

Real estate investment has rebounded, and Turkish applicants lead. Latvia is on pace for its strongest year since 2021.

Following its 2024 overhaul, MM2H posted an 84% boost in inflows, including RM237 million in property and RM597 million in deposits.

Four programs cut processing times in Q2 while others experienced longer waits, creating wider performance gaps.

Fewer dollars came in, but real estate kept Grenada’s citizenship by investment program moving in Q1 2025.

Greece improves golden visa processing times, cuts down backlog, yet remains on track for 6th consecutive record year.

Minister Amaro emphasized no plans to end golden visa program while revealing discussions on enhanced tax incentives as applications surge.

Cyprus approves 28,660 golden visas since 2014, Chinese and Russian nationals account for nearly two-thirds of all permits.

Germans lead SVV applications with 224 submissions, reflecting the broader dominance of European countries in the applicant pool.

In unprecedented release, AIIA’s FOIA request yields the first complete set of EB-5 filing data, exposing the true scale of visa backlogs.

Geneva is the top destination for Switzerland’s lump sum tax residents while Russians make up the largest applicant nationality pool.

As the market awaits the ECJ ruling, fresh data show Maltese CBI application volume is recovering.

In 2024-Q3, 2,123 wealthy Americans renounced citizenship accounting for 44% of the year’s total, the highest quarterly figure since Q4 2016.

Six months after Siren Chen’s cautiously optimistic assessment, the HK$10.5B in approved investments suggests her confidence was well-placed.

One agent waited more than 20 months for a Caribbean passport for his clients and said he would never submit another file there again.

Since its inception, the MM2H program has granted residency to nearly 60,000 applicants, cementing its status as one of the leading programs in the region.