Two United States senators have introduced legislation to end a controversial visa program popular with Chinese investors that gives out green cards in exchange for investments in American businesses that create jobs. Sens. Dianne Feinstein (D-CA) and Chuck Grassley (R-IA) made their pitch to Congress last week to terminate the EB-5 program, which allows foreign […]
Italy is joining the growing investment migration movement. The Government of Italy amends its immigration and tax laws, paving the way for the development of a residence-by-investment program in one of the largest countries in Europe. The new provisions, already contained in the draft 2017 Budget Law, were discussed and approved by the Italian Parliament […]
The Dominica Public Service Union (DPSU) says it views as “reasonable” a call for a Commission of Inquiry into the controversial Citizenship by Investment Programme (CBI) even as it condemned the violence and vandalism that led to the destruction of several buildings in the capital earlier this week. Dominica is one of several Caribbean countries […]
Swiss voters decided Sunday that they want to make it easier for “third-generation foreigners” to get Swiss citizenship. They rejected a complex tax reform initiative aimed at getting Switzerland in line with international standards. The “simplified naturalization of third-generation immigrants” measure passed in a national referendum with 60.4 percent of the votes, Swiss broadcaster SRF […]
Despite Thursday’s declaration by the Minister of Economic Investment, Asot Michael, that the Citizenship by Investment Unit (CIU) had been “authorised” to carry out a probe into the issuing of passports to 17 Iranians and two Yemenis, no official request had been made up to Friday afternoon. “It’s probably on its way. It has not […]
Sudan has been added to the list of states whose nationals are not allowed to apply for citizenship under Antigua & Barbuda’s Citizenship by Investment Programme (CIP). The ban was communicated as a Cabinet decision which was made public on Saturday. According to the weekly Cabinet notes, circulated by the government’s Chief of Staff, Lionel […]
Although there has been no official word, either from foreign banks in Dominica or the Roosevelt Skerrit administration, that government citizenship by investment (CBI) accounts have been closed, there is, however, speculation in Roseau and elsewhere that the banks are becoming wary that some of the CBI funds held in government bank accounts could be […]
The Ministry of Foreign Affairs has sought to clarify the status of Iranian national Ali Reza Halat Monfared who has been arrested on allegations of being involved in Iran’s biggest ever corruption scandal. By way of the Citizenship by Investment Programme (CIP) Monfared,who was arrested in the Dominican Republic became a citizen of Dominica and […]
The inflow of funds into Portugal attracted by the country’s ‘golden visa’ fast-track residency programme for big foreign investors rose 87.5 percent last year to €874 million, according to figures released by the SEF Immigration Office. Total investment under the Residence Authorisations for Investment activity (ARI), as the scheme is officially known, was just over […]
Turkey’s real estate market is poised for a turnaround in international sales this year, thanks to a new citizenship law for foreign investors, said Spot Blue International Property in January, adding that the weakness of the Turkish lira will add to the appeal of investing in Turkish property. Foreigners who invest in property worth at […]
