Republican Senator Rand Paul is asking his colleagues in the Senate to sign a Joint Resolution that would stop the EB-5 program’s planned price increase in November. Congress last month approved EB-5 Program Modernization regulations, which the Department of Homeland Security subsequently published in the Federal Register. Should nothing prevent the new rules from taking […]
Local land developers but also service sector professionals are becoming concerned by reports that Greece’s new government is planning to launch a citizenship by investment programme similar to that of Cyprus. The programme provided by Nicosia in recent years has substantially contributed to the recovery of the Mediterranean island’s economy. The new right-wing government under […]
Australia is seeing an increase in interest in its millionaires-only visa program from wealthy Hong Kong residents who are eyeing a safety net amid political turmoil in the Chinese-ruled territory, migration lawyers told Reuters. The New South Wales state migration department “has noticed a significant increase in applications” from Hong Kong in recent months, it […]
Emiratis holding diplomatic, special, mission and ordinary passports are now exempt from pre-entry visas to visit South Africa. The UAE has been added to South Africa’s visa waiver list, with the decision effective from Thursday, August 15, official news agency WAM reported. Emiratis will be allowed to stay for a period up to 90 days […]
The European Travel Information and Authorization System (ETIAS), currently under development and slated to debut in 2021, will have implications for the investment migration market. Here’s what you need to know. What is ETIAS and who will need it to travel to Europe? Modeled on the United States’ Electronic System for Travel Authorization (ESTA), ETIAS […]
The Department of Homeland Security (DHS) published new regulations on July 24, 2019 that seek to modernize the EB-5 program and will greatly increase the cost of obtaining the so-called “golden visa” starting November 21, 2019. Congress established the EB-5 program in 1990 to allow foreign nationals to obtain lawful permanent resident status by investing […]
A spike in geopolitical uncertainty, a fall in HNWI wealth and a rise in the number of countries offering golden visas are all factors driving the Citizenship-by-investment (CBI) market, finds Oliver Williams. The investment immigration market allows individuals to obtain either citizenship or residency of another country in return for an investment. Unlike its more […]
During his annual budget address, the Prime Minister of the Commonwealth of Dominica, Roosevelt Skerrit, emphasised the key role the island’s Citizenship by Investment (CBI) Programme plays in boosting the country’s economic performance. According to statistics presented before the Dominican Parliament, the CBI Programme is expected to make up 51% of Dominica’s total recurrent revenue […]
Attorneys are turning to the courts to unclog a massive immigration application backlog that’s resulted in processing delays lasting up to seven years in some instances. “It’s really reaching crisis proportions,” said H. Ronald Klasko of Klasko Immigration Law Partners in Philadelphia. “Not only has the government increased the processing times substantially,” he said, it’s […]
Our analysis confirms what most industry stakeholders have believed for a long time; residence by investment programs are, at their core, a mechanism for moving people from unfree to broadly free countries. We have written before that one of the most transformative and meaningful roles investment migration plays in world economics and politics is to punish countries […]
