Portugal’s parliament on Friday extended a residency program for wealthy foreigners to include investors who spend at least 500,000 euros on environmental projects. A majority of lawmakers approved the extension and rejected a motion by two far-left parties to end the scheme altogether. Such “golden visa” programs have faced criticism in Brussels for exposing the […]
None of the fact-finding missions which came over to Malta from both the European Commission, the European Parliament, and other institutions that have commented on Malta’s passport selling programme– the Individual Investor Programme (IIP) – never met any members of the scheme’s regulatory office, the regulator for the IIP scheme Carmel De Gabriele wrote in […]
The Solomon Islands parliament has passed the country’s first dual-citizenship legislation. The government said it would have wide-ranging benefits for the country. Earlier this year during a multi-country tour, the prime minister Rick Hou said he had met many Solomon Islanders living overseas who would benefit from the legislation. The Constitution (Amendment) (Dual Citizenship) Bill […]
Last month, scandal hit St Kitts and Nevis as several International Marketing Agents, sub-agents, and developers were found to have been promoting economic citizenship of the Federation for prices far below those required by law. Abuse was found amongst those encouraging applicants to invest in the real estate branch of the Citizenship by Investment Programme, […]
The 31-year-old who played for the Super Eagles on the international stage has become an Italian citizen. Former Nigeria international Obinna Nsofor has taken to social media to celebrate his confirmation as an Italian citizen. The former Lokomotiv Moscow and Inter Milan forward flaunted images of his newly-received passport that grants him free movement around Italy and other European countries without a visa. […]
The Government is clear that entrepreneurs play a key role in creating jobs and driving economic growth, which is vital to the prosperity of the UK. In June of this year, we announced a new Start-up visa route. This will build upon the successes of the current Tier 1 (Graduate Entrepreneur) route, expanding it to […]
Canada can play a key role in strengthening the state of multilateralism worldwide, the president of the United Nations General Assembly says, amidst attacks from U.S. President Donald Trump and other world leaders on institutions such as the UN. Maria Fernanda Espinosa, a former Ecuadorian cabinet minister who’s now president of the General Assembly, met […]
Allegations that foreign advertisers offer low-priced offers to access the Citizenship by Investment Programme (CIP) are misrepresentations, according to St. Kitts and Nevis and CBI officials, who indicate the Government takes very seriously. Such activities have never been permitted or been endorsed. CEO of the CIB Investment Unit Les Khan, recently reinforced this position while […]
Recently, the EU Parliament published a draft report on financial crimes, tax evasion, and tax avoidance. This draft report “Concludes that the potential economic benefits of CBI and RBI schemes do not offset the serious money laundering and tax evasion risks they present; calls on Member States to phase out all existing CBI or RBI schemes as soon as […]
The Estonian parliament on 5 December passed an amendment to the country’s Commercial Code to allow businesses registered in Estonia to use bank accounts in any European Economic Area country when registering share capital. The amendment removes the requirement that limited companies must use an Estonian bank account when registering share capital. From January […]
