Investment Migration Council Press Statement We welcome the Commission’s report. It represents progress towards the establishment of a rigorous, fair and formalised system for investment migration (IM) with standards that will mitigate risks of abuse. The IMC has shared these values and objectives since our foundation. We support enhanced transparency by putting in place […]
Bulgaria’s Justice Ministry is proposing amendments to the Bulgarian Citizenship Act which would scrap the possibility of obtaining citizenship through investing in the country, among other steps to refine the requirements for applicants for citizenship. Under current law, citizenship of Bulgaria may be obtained by an individual who invests a minimum 500 000 euro in […]
Antigua and Barbuda’s controversial citizen by investment, Mehul Choksi, has surrendered his native Indian passport, in what is being described by Indian news outlet NDTV as a move to avoid extradition. According to the news outlet, Choksi, a wanted fugitive in his native country, has given up his Indian citizenship and listed his new address […]
The UAE government has granted the first batch of 10-year residency visas to the finalists and winners of the Mohammed bin Rashid Medal for Scientific Distinction, as the country pushes forward its status as an incubator of talent and innovation. The names of scientists were announced during the second annual meeting of the Mohammad […]
Prime Minister Roosevelt Skerrit has criticised the Organisation for Economic Cooperation and Development (OECD) for labelling several Caribbean countries as tax havens and called for a unified regional approach to deal with the Citizenship by Investment Programme (CBI). Dominica and several Caribbean countries, including St Kitts-Nevis, Grenada, St Lucia, and Antigua and Barbuda use the […]
President Donald Trump said Friday he would make it easier for top-skilled workers to stay in the United States and become citizens, offering uncharacteristic praise for immigrants´ contributions. Trump pledged to reform coveted H1-B visas, for which three-quarters of applicants are from India, most of them in the technology sector. “H1-B holders in the United […]
Further changes to the UAE’s residency law are expected in the coming year, as the UAE cabinet begins the implementation of the 10-year residency visa law for expats, investors and businesspeople, according to the chairman of UAE law firm Baker McKenzie, Dr Habib Al Mulla. In an opinion piece looking ahead to 2019, submitted to Arabian […]
The U.S. Citizenship and Immigration Services (USCIS) allots 10,000 EB-5 visas every year for eligible foreign investors. Once regarded as “the most popular residency program in the world,” in 2014 and 2015 the USCIS stopped accepting EB-5 applications after they reached the quota set by Congress. Research shows that approximately 85 percent of those granted EB-5 […]
St Vincent and the Grenadines Prime Minister Dr Ralph Gonsalves has condemned the “bullying” tactics adopted by the European Union with regards to the controversial Citizenship by Investment programme (CBI), used by several Caribbean countriesto spur their economic development. Gonsalves has in the past distanced his island from the CBI, through which foreign investors are […]
The mayors of three large Italian cities are refusing to obey a controversial anti-immigration law penned by far-right deputy prime minister Matteo Salvini, condemning it as unconstitutional. Salvini, also interior minister, on Thursday demanded the resignations of the rebellious leaders of Florence, Palermo and Naples, with the last escalating the row by also offering to […]
