Authorities in Saudi Arabia have arrested or deported an unprecedented 2.1 million foreigners since November 2017, accused of residing in the country in violation of residency and labour regulations, according to the latest tranche of statistics from the Saudi government. Almost 100,000 arrests have been reported in the past week alone. Officials confirmed that 541,087 […]
In an attempt to further boost its booming real estate sector and attract foreign investment, Egypt will grant residency permits to foreigners who invest at least $100,000 in the country’s property market. The growth rate of Egypt’s property market stands at 133 percent in 2018. This has been fueled by strong demand for housing, along […]
Jonathan Cardona, CEO of the Malta Individual Investor Programme Agency, discusses what the programme offers to investors and to the country Source: europeanceo.com
The Cabinet on Monday amended conditions set in February this year to grant investors Jordanian nationality or residency, a Cabinet statement said. The new rules entailed changes to several previous instructions, allowing, for example, investors who have been present in the country to apply and obtain the same privileges as new peers. Investors are offered […]
A draft report by MEPs calling for the ‘phasing out’ of Citizenship by Investment schemes has been presented to a EU Parliamentary Committee. The draft report prepared by Co-rapporteurs Jeppe Kofod and Luděk Niedermayer from the Financial Crimes, Tax Evasion and Tax Avoidance (TAX3) committee in the European Parliament was presented to the public today. […]
President Donald Trump has claimed that the provision of birthright citizenship has created an entire industry of birth tourism in the US with Chinese people benefitting a lot from this “crazy, lunatic policy”. Birth tourism refers to the practice of people travelling to another country solely to give birth there. Most leave for their home […]
The New Democratic Party (NDP) is undeterred in its plan to introduce a Citizenship By Investment (CBI) program for St Vincent and the Grenadines (SVG) should they form government. “No one has said that these programs are in any way illegal or illicit,” President of the NDP and Leader of the Opposition Dr Godwin Friday […]
Being on the list effectively paints Cyprus as country where wealthy individuals can go to avoid paying tax. Sources told the Cyprus News Agency (CNA) that the Ministry of Finance is preparing additional information about the programme’s citizenship and residency requirements, so the Cypriot programme is taken off the OECD’s blacklist. Cyprus and Malta are […]
In an epoch as unpredictable and changeable as our own, it is no wonder that governments are looking for common-sense ways in which to future-proof their countries, and residence- and citizenship-by-investment (RCBI) programs represent a sensible means of doing just that. When the future is murky with uncertain prospects and outcomes, the implementation of economic, […]
Justin Akers Chacón, a San Diego-based author, activist and professor of U.S. history and Chicano studies, shared insights on the Honduran migration and the global immigration crisis on Friday. The event was organized by the International Socialist Organization. Chacón cited dwindling economic stability, lopsided foreign trade agreements and corruption as detrimental to the quality of […]
