In recent months, the CRBI industry has been the backdrop for controversy in several cases. In October 2018, Bulgarian officials were found guilty of selling forged documents, allegedly allowing thousands of individuals to buy European passports illegally. In January 2019, under mounting pressure, Bulgaria revoked the citizenship of Russian telecoms millionaire Sergei Adoniev, who […]
The logistics of capturing and sorting through due diligence findings have changed markedly in recent years. A vast amount of information about the average individual is readily available online, driven by the elimination of paper, ease of content creation, and explosion of mobile capture. This volume has the potential to become a challenge in […]
A core premise of investment migration is to enhance a country’s economy in exchange for residence or citizenship rights for individual investors. This is a good description of a classic ‘win-win’ formula. However, it is clear that the benefits of residence- and citizenship-by-investment programs for host nations go far beyond extra funding for the […]
William Worster presented his article “Human Rights and the Taxation Consequences of Renouncing Citizenship” at the 3rd Annual Academic Investment Migration Seminar in June 2018. His IMC Working Paper on the topic was subsequently published in the St. Louis University Law Journal. In this article, he claims that the taxes that the US […]
In 2013, the Republic of Cyprus adopted the Scheme for Naturalisation through Investment, now called the Cyprus Investment Programme. In the past 6 years, the programme has been operating with great success and has been amended several times. According to this Programme, any third-country national can acquire Cypriot citizenship if they meet certain economic […]
The International Court of Justice, in its 1955 judgment of Nottebohm, stated that nationality requires a ‘legal bond having at its basis a social fact of attachment, a genuine connection of existence.’[1] These famous yet contested words, if anything, presuppose an exclusively state-centric view, fixating the decision over in- and exclusion as being solely […]
While in Tokyo earlier this month, I couldn’t help but notice how the city has changed. Where once it was rare to hear any language other than Japanese spoken on the street, now it happens constantly. Most of this is due to the huge tourism boom — more than 30 million people now visit Japan every year. […]
The number of Chinese millionaires coming to the U.K. has gone up by nearly 50%, latest figures from the U.K. Home Office show. With £2 million ($2.5 million) needed to secure a Tier 1 Investment visa, only millionaires need apply to the scheme that enables residency in the U.K. In recent years, the Tier 1 […]
Visitors from Australia, Canada, Japan, New Zealand, Singapore, South Korea and the United States will be able to use ePassport gates at ports across the UK and juxtaposed controls in a move designed to speed up border controls for low-risk countries. There were over 10 million arrivals in the UK by nationals from these countries […]
The creation of a new residency permit scheme for qualified international expatriates in Saudi Arabia is expected to attract leading global entrepreneurs, innovators and investors to the kingdom, a senior official has said. Engineer Ibrahim Al Omar, Governor of the Saudi Arabian General Investment Authority (SAGIA), said: “Our aim is to attract innovators from across […]