The European Parliament urged EU member states on Tuesday to curb money-laundering in the bloc by ending programs to sell visa and passports, a step the multi-billion-dollar industry said would cause economic damage. The recommendation is part of a hard-hitting report which also accused seven EU countries of acting as tax havens: Luxembourg, Cyprus, Ireland, […]
Investment Migration Council (IMC) calls for EU support in raising industry standards for Citizenship and Residency-by-Investment. Phasing out the €20 billion industry, as MEPs ask, would threaten vital investments and development in peripheral economies. The Investment Migration Council (IMC) notes the European Parliament’s adoption of the TAX3 Committee report ‘Financial Crimes, Tax Evasion and Tax […]
Cyprus is preparing legislation to allow Britons already living in the country a grace period of one year to get their residency status sorted out after the official ‘Brexit Day’ on March 29, according to the British High Commission in Nicosia. “We welcome the news that in case of a ‘no deal Brexit’ there will be a grace […]
The government of Grenada has reduced the minimum investment requirement for the real estate option of the country’s citizenship by investment (CBI) program from US$350,000 to US$220,000. The new reduced investment is only applicable where applicants co-invest in a unit, for a total of US$440,000 each. Changes to Grenada’s citizenship by investment program (CBI), including […]
Shamima Begum’s family are said to have begun legal proceedings to review the decision to strip her of British citizenship. ISIS bride Ms Begum was one of three schoolgirls to leave Bethnal Green to join the terror cult in 2015 and resurfaced at a Syrian refugee camp last month. Home Secretary Sajid Javid revoked the […]
The Trump administration is preparing to shutter all 21 international offices of U.S. Citizenship and Immigration Services, a move that could slow the processing of family visa applications, foreign adoptions and citizenship petitions from members of the military. USCIS Director Francis Cissna said in an email to staffers Tuesday that he is working to transfer […]
A Bahraini refugee soccer player who was jailed and facing deportation arguably got his biggest goal — citizenship in a foreign country. Hakeem al-Araibi, 25, was one of about 200 people who became Australia citizens at a ceremony in Melbourne. Prime Minister Scott Morrison fastened his own Australia flag pin to Araibi’s jacket. “I’ll take […]
Knight Frank has launched the 13th edition of The Wealth Report, providing the global perspective on prime property and wealth. The annual publication includes the Knight Frank City Wealth Index; price movements across 100 luxury residential property markets; the results of Knight Frank’s Luxury Investment Index; and, the Attitudes Survey. Headlines from the report include: […]
Wealthy investors from countries such as Russia who want to settle in Britain face stricter rules on so-called golden visas under a new regime to be announced on Thursday, a crackdown spurred by the Skripal nerve agent attack. However, transparency campaigners have attacked the shake-up to the visa scheme, which has seen rich overseas investors […]
The new law would see jihadis who fight for the terror group kicked out of the country, Deutsche Welle reports. It would apply to adult ISIS militants with dual citizenship who take up arms for any “terrorist militia”. But it would not be retroactive, meaning any fighters who fled the extremist group’s territory in recent […]
