Category: News

Staff Concluding Statement of the 2017 Article IV Mission

The Cypriot economy has achieved an impressive turnaround since the 2012-13 banking crisis . GDP growth has accelerated for three consecutive years; unemployment is on a declining trend; the underlying current account deficit has narrowed sharply alongside improved external price competitiveness; the fiscal balance has swung from a large deficit to a small surplus; emergency bank […]

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Entry-Exit System Adopted – Full Implementation Expected by 2020 

The European Council adopted two regulations on the establishment of an entry-exit system for the management of the Schengen Area’s external border. The entry-exit system is expected to contribute to reducing border check delays, better identifying over stayers and combating terrorism.  The situation On November 20, 2017, the European Council adopted two regulations on the […]

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Government Approves Law on Recruitment and Employment of Foreign Professionals

Executive Summary A new law will likely benefit eligible foreign professionals and their dependents through preferential provisions relating to visas, work permits and residency rights. The effective date is yet to be decided. Key changes include longer work authorization validity periods, a new streamlined work permit category, more options for permanent residence for relatives and […]

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“We Didn’t See it Coming” Says PM Chastanet About CIP Price War

In an exclusive interview, Saint Lucia’s Prime Minister Allen Chastanet speaks to Investment Migration Insider about the citizenship by investment price war, how Caribbean leaders have been “too busy” to discuss a price floor, his plans to accept payments in euros and yen, and also shares details on the upcoming tax residency program. Source: imidaily.com

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Malta Eyes up Brexit Opportunities as Entrepreneurs Look for New Residency

As the UK gears up to divorce the EU, many fear they might soon be citizens of nowhere. As a result, citizenship-by-investment programs have experienced an unprecedented uptake – something Malta is capitalising on. This increase isn’t from individuals looking to minimise their tax liabilities by acquiring residency in “havens” such as the Caribbean, Caymen Islands […]

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