Category: News

Billionaire Deripaska Stripped of Cyprus Passport – Politis

Cyprus has stripped Kremlin-friendly Russian billionaire Oleg Deripaska and two other Russian nationals of Cypriot passports after admitting flaws in its citizenship-for-investment program, Cyprus’ Politis newspaper reported Wednesday. Cyprus said this month it had started a process to strip 26 individuals of citizenship they received under a secretive passports-for-investment scheme. Sources on the Mediterranean island had told Reuters its list […]

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French is Ranked as World’s Best Nationality for the EIGHTH Year Running

The ramifications of a ‘hard’ Brexit could see the United Kingdom plummet out of the world’s top ten best nationalities to 56th globally, according to new research. Britain is currently the eighth best nationality in the world, according to the research – but is tenth in the rankings due to some countries being in joint position. France on […]

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This Caribbean Island is on Track to Become the World’s First “Hurricane-Proof” Country

It started in the evening on September 18, two years ago. The winds picked up; waves began crashing ashore with intensity; the skies darkened. Unbeknownst to the people of Dominica, Hurricane Maria was slowly gathering the strength it needed to destroy over 90 percent of the island’s structures, cripple its economy, and force a small country […]

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CMB Announces the New EB-5 Immigrant Investor Program Modernization Regulations Have Taken Effect, What Does That Mean?

The new EB-5 Immigrant Investor Program Modernization Regulations are effective. Although there are many changes to the EB-5 program that are included in the new regulations, the biggest changes are: increased minimum investment amounts, new targeted employment area (TEA) definitions, and designating authority of TEAs is taken away from the State and the United States Citizenship and […]

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New EB-5 Rules May Not Take Effect on Nov 21 as 6-Year Re-Authorization Likely This Year

New EB-5 rules raising the minimum investment to $900,000 are scheduled to take effect this week. But President Kraft of IIUSA thinks there’s a good chance that won’t happen. The new re-authorization bill “definitely eliminates gerrymandering, makes it very clear what projects would qualify in urban distressed areas and in rural areas,” says Kraft, speaking […]

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Real Estate Stakeholders Worried Over Future of Passport Scheme

Cyprus decided to revoke 26 citizenships granted to investors after the government came under intense pressure following allegations that members of Cambodia’s political elite and a fugitive Malaysian financier received Cypriot EU passports. These cases led to increased criticism of Cyprus’ Citizenship for Investment which was already under scrutiny from Brussels. Those to be stripped […]

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