Category: News

Dominica: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Dominica

Source: imf.org Published: 14 February 2022 Dominica has been hit hard by the Covid-19 pandemic, with an estimated decline in GDP of 11 percent in 2020 underpinned by a sharp reduction in tourism receipts that affected connected sectors and by lockdown measures to limit virus contagion. The output decline was contained by health spending, social transfers, […]

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Bulgaria: Bulgaria to Put an End to Its Golden Visa Scheme

Source: schengenvisainfo.com Published: 7 February 2022 Bulgaria’s Golden Visa Program may no longer be available for internationals after the country’s Prime Minister Kiril Petkov pledged on Friday that the scheme that attracts a large number of internationals would be abolished. This is not the first time that authorities in Bulgaria have attempted to do so. Last […]

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Bahrain: Bahrain introduces permanent residency golden visas

Source: gulfbusiness.com Published: 8 February 2022 On Monday, Bahrain launched a new Golden Residency Visa programme for residents and non-residents, as well as their families. Golden Residency Visa holders can have their visas renewed indefinitely, provided they continue to meet the eligibility criteria. The visa grants them the right to work in Bahrain, allows them multiple […]

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Middle East: RIF Trust Named Investment Migration Council’s Regional Representative Office (RRO) for the Middle East region

Published: 7 February 2022 The Investment Migration Council (IMC) and RIF Trust is pleased to announce that its Dubai office has been chosen to be the IMC Regional Representative Office for the Middle East region. This office will join regional offices in London, New York, Hong Kong, and the Caribbean. The fully staffed office is […]

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Antigua & Barbuda: Antigua & Barbuda records 5.3 per cent growth in 2021 in Budget 2022

Source: caribbean.loopnews.com Published: 3 February 2022 Antigua and Barbuda’s economy made a complete turnaround in 2021 as Prime Minister Gaston Browne revealed that economic activity increased by 5.3 per cent. Browne, who is also the finance minister, presented the country’s 2022-2023 fiscal package under the theme “Setting the stage for economic rejuvenation.” The prime minister said […]

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Cyprus: Top court throws out House move to ban AG from passport probe

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 […]

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Bulgaria: Bulgaria moves to end CBI Pathway

Source: euronews.comPublished: 12 January 2022Bulgaria’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 that it presents risks […]

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Europe: European Commission Proposes Suspension of Visa Waiver Agreement with Vanuatu to Address Risks Linked to IM Programme

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 […]

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Turkey: Erdoğan gov’t updates conditions for granting Turkish citizenship to remedy foreign exchange deficit

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 […]

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Saint Lucia: Saint Lucia Citizenship by Investment Program Extends COVID Discount

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 […]

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