Category: News

Bulgaria Justice Ministry Proposes Scrapping Granting Citizenship in Return for Investment

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 […]

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Choksi Surrenders Indian Passport

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 […]

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PM Skerrit Wants United Approach To Investment Programme

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 […]

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Chinese Immigrant Investors Pull Back While America Is Shut Down

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 […]

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Gonsalves Condemns Bullying’ Tactics of EU Towards Citizenship by Investment

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 […]

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Italy Mayors Defy Far-Right Leader on Migrants

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 […]

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Dominica Plans Big Housing Revolution for 2019 with Funds from Investors-turned-Citizens

Dominica is rolling out its public housing scheme this year, funded entirely by the country’s successful Citizenship by Investment programme. This is part of the government’s plan to resettle families displaced by Storm Erika in 2015 and Hurricane Maria in 2017. In a bid to keep its promise to become “the world’s first climate resilient […]

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