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 […]
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 […]
When Jho Low splashed out on a €5m property in the resort town of Ayia Napa in 2015, there was an additional benefit for the Malaysian financier: a Cypriot passport. Now Mr Low’s alleged role in a multibillion-dollar international corruption scandal has triggered a national outcry in the Mediterranean island nation, raising searching questions for […]
Under a new rule published by the U.S. Department of Homeland Security, the EB-5 Immigrant Investor Program had the following changes: click here to view Source: regulations.gov Published: 2019
French citizens can take satisfaction that their nationality has once again been ranked as the best in the world, while for citizens of the UK, the ramifications of a ‘hard’ Brexit could well sink the quality of their nationality from 8th globally, to 56th (the current position of China). This is according to the latest […]
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 […]
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 […]
Greece’s economy is receiving a boost from Chinese investors taking advantage of the country’s so-called Golden Visa scheme to live in Europe. Chinese investor Jiang Rungong, who moved to Greece three years ago from Shanghai, said he and his family could not be happier in their new home on the Athens coast. “We chose Greece […]
In the 2018-2019 fiscal year, Australia’s Significant Investor Visa (SIV), a substream of the country’s broader Business Innovation and Investment Program (BIIP) saw its fortunes reverse for the first time since July 2015, when investment requirements were re-channeled toward private equity and venture capital and away from real estate, sending application volumes plummeting. Performance picked up markedly […]
The Investment Migration Council (IMC) expresses chagrin at being excluded from consultations on a report it says was “hijacked by ill-informed, unaccountable third party organizations.” In an opinion adopted yesterday, the European Economic and Social Committee (EESC) “echoes the European Parliament’s call in a recent report to phase out all investor schemes, and urges the Member States […]
