The Central Asia countries have a great potential for attracting foreign investors due to rich natural resources, low labor cost and growing population. According to the estimates of the Boston Consulting Group, the Central Asia countries, primarily Kazakhstan and Uzbekistan, will be able to attract about $40 billion–$70 billion of foreign direct investment (FDI) in […]
The citizenship-by-investment scheme’s contribution to economic growth in the past three years was just 1.2 per cent of 13 percentage points, Finance Minister Harris Georgiades said Wednesday, as the cabinet tightened procedures for applicants to the programme, which has been criticised by the EU as lacking transparency. Speaking after the cabinet meeting, Georgiades said the […]
Media reports in Dubai have warned that problems in the Citizenship by Investment programmes of St Kitts and Nevis and other Caribbean islands with similar programmes are likely to have a negative impact on these programmes. According to Gulf News, a daily English language publication in Dubai, the fate of hundreds of residents in the […]
On the 5th of December 2018, the UK Immigration Minister Caroline Nokes said the UK Tier 1 (Investor) Visa would be suspended and reformed. Six days later the government made a U-turn and announced the Investor category would not be suspended followed by an apology from the Home Secretary. Migration Policy reiterated that the Investor route […]
In November 2018, news broke out that the St Kitts and Nevis Citizenship by Investment Programme had been abused by certain overseas agents and local developers underselling the real estate option and potentially going so far as forging letters issued by the Citizenship by Investment Unit. A well-orchestrated media campaign ensued, depicting the Programme as […]
A senior official of the International Monetary Fund (IMF) says while Citizenship by Investment Programmes (CBI) have been an important source of foreign investment and fiscal revenues, for countries like Dominica, some international countries are concerned about erosion of their tax revenue base through evasion, and also about the misutilization of citizenship programmes. “There are […]
A Citizen By Investment (CBI) programme in St Vincent and the Grenadines can fund several major projects without adding to the country’s debt. This is the view expressed by Opposition Leader, Dr Godwin Friday on Tuesday, during his presentation on the 2019 Budget. Friday made reference to the geothermal project here, and said that the […]
The Investment Migration Council (IMC), the global association for Investment Migration, held a series of positive and informative bilateral meetings with representatives of the European Parliament, the European Commission, the European Parliamentary Research Service, Member State Permanent Representations, and also took part in a debate on Investment Migration at the European Parliament in Brussels. The […]
European Commission Vice-President Jyrki Katainen on Monday called for greater transparency in schemes allowing foreign nationals to acquire EU citizenship through investment, while Nicosia pushed back defending its passport programme. Katainen, on a two-day visit to the island, called for a standardised process across the bloc to ensure proper vetting of non-EU nationals seeking to […]
Votes by MPs this week sought to keep open the prospect of a negotiated deal. A bid to stop a “no deal” Brexit was defeated, and that outcome remains a possibility. Wealth managers ponder the implications. Late on Tuesday this week UK legislators voted against an attempt to prevent a “no deal” Brexit (in which […]
