Due diligence roundtable from James Swenson, Sylwia Wolos, Laura Austin and Eddy Leviten Due diligence has long been a thorny issue for the investment migration industry, with scandals reported in the media repeatedly suggesting that the depth and breadth of checks on applicants, their family members and the origin of their funds vary significantly. In […]
Source: cyprus-mail.com Published: 24 January 2022 The supreme court on Monday declared null and void a parliamentary resolution last April that had called on the attorney-general and the deputy attorney-general to abstain from taking legal action regarding the findings of a report into the citizenship-by-investment programme. In a judgement, the top court said the House had […]
In conversation with Kieron Sharp, CEO of FACT Group The EU has pointed repeatedly towards possible negative side-effects of investment migration, including money laundering, tax evasion and corruption. In your opinion, does investment migration pose a security risk? I think it’s worth to take a step back at first and consider that people have always […]
Article written by Irina Valek, CEO, QuazarHouses, Investment Migration Expert Obtaining dual citizenship is regulated by the Law “On Citizenship of the Russian Federation”[1], which determines the order of residence in Russia after obtaining a second citizenship, a residence permit and other documents confirming the right to permanent residence in a foreign country. According to […]
Bruno L’ecuyer, Chief Executive in an interview with Mayes & Co. Bruno L’ecuyer is Chief Executive of the Investment Migration Council. Bruno leads the Secretariat and is responsible for all IMC operations. A regular contributor to international publications and conferences in Europe, North America, Caribbean, Middle East and Asia, he has held positions in London, […]
Source: euronews.com Published: 12 January 2022 Bulgaria’s new government on Wednesday passed a bill aimed at getting rid of “golden passports”, a programme that allows people to become citizens in exchange for large investments. The European Commission has repeatedly expressed concern about this practice and launched infringement proceedings against Malta and Cyprus over it. It considers […]
Source: ec.europa.eu Published: 12 January 2022 The Commission is proposing today a partial suspension of the application of the agreement with the Republic of Vanuatu allowing citizens of Vanuatu to travel to the EU without a visa for stays of up to 90 days in any 180-period. This is necessary to mitigate the risks posed by Vanuatu’s investor […]
Source: nordicmonitor.com Published: 7 January 2022 The Turkish government has made significant changes to a regulation that grants Turkish citizenship in return for investment, the acquisition of property or a deposit of money in Turkish banks, which it has been implementing for a while to meet its foreign exchange needs. According to an announcement by President Recep Tayyip Erdoğan […]
Source: caribjournal.com Published: 6 January 2022 Buyers seeking dual citizenship in the Caribbean will be pleased to know that St. Lucia’s Citizenship by Invest Program (CIP) recently announced it has extended its special COVID-19 offer through the end of 2022. St. Lucia’s CIP is currently offering one of the most affordable second passport options for families […]
Source: in-cyprus.philenews.com Published: 21 December 2021 Disgraced ex parliamentary speaker Demetris Syllouris will most likely be prosecuted for serious offences, Philenews reported on Tuesday citing insiders. Syllouris was filmed by Al Jazeera last year while promising to make the Cyprus passport issuance procedure easier for fictitious investors with a criminal record. An insider said police have rounded […]
