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Category Archives: Updates

April 20, 2022

Several national Turkish papers are today reporting that the country’s Cabinet has decided, during a recent meeting of ministers, to raise the minimum investment requirement for its citizenship by investment program‘s real estate option from US$250,000 to US$400,000.

Turkish paper Star reports that the government aims to amend the 20th article of the Regulation on the Implementation of the Turkish Citizenship Law’s paragraph 2, clause B to raise the minimum investment amount for the real estate option. The new rules will enter into force as soon as the changes are published in the Official Gazette, which is expected in the coming days.

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Editor: Christian Henrik Nesheim

January 4, 2022

2022 no doubt holds a long list of surprise developments in store for the investment migration market. Here are seven changes we already know are coming:

1 – Portugal’s golden visa reform takes effect

The minimum investments in several categories – from capital deposits to funds to science and research ventures – will rise significantly. The areas in which direct investment in residential property is eligible for the golden visa will be reduced; notably, the country’s hottest real estate markets will be excluded from contention. Read all about the coming changes to Portugal’s golden visa here.

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Editor: Christian Henrik Nesheim

January 4, 2022

Investment migration, in 2021, is a $25 billion-plus global industry. That’s big enough to get you noticed. It’s big enough to get you on the radar of powerful people like Ursula von der Leyen. It’s big enough to earn you a target on your back from global regulators and clicks-addicted media outlets. 

While Brussels can’t dictate to individual EU countries whom they naturalize, and how they do it, they can make life difficult for the countries offering Golden Visa programs. 

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Editor: Andre Bothma

January 4, 2022
January 4, 2022

Vijesti this evening reports that Montenegro’s citizenship by investment program, which by all accounts was set to expire tomorrow, has been extended for another year.

The Montenegrin Cabinet reportedly took the decision to extend during a meeting today, and also determined to implement some changes to the program’s terms:

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Editor: Christian Henrik Nesheim

December 1, 2021
December 1, 2021

Spain approved 232 golden visa applications (main applicants) in the first half of 2021, according to statistics released late last month. The figure represents a 43% increase on the preceding six months, during which 162 golden visas were issued. though still considerably below the same six months in 2020, when Spain was approving golden visas hand-over-fist thanks to its rule on “positive silence”.

Spanish law uniquely favors residency permit applicants by mandating that applications be either approved or rejected within a 20-day period, barring which an application is considered approved by default, or tacit assent (silencio positive). In the first half of 2020, as Spain was still reeling from the sudden onset of the pandemic and most government bureaus remained closed, a majority of applications went unaddressed and, consequently, ended up being approved by tacit assent.

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Editor: Christian Henrik Nesheim

December 1, 2021

During a meeting yesterday in Roseau, Dominica’s Prime Minister Skerrit and Chinese Ambassador Lin XianJiang signed a visa-waiver agreement between the two countries, making Dominica the second CBI-country (after Grenada) to gain visa-free travel to China for its passport-holders.

Dominicans can now travel to a total of 144 countries without arranging a visa in advance, including, as WIC News pointed out, four out of the world’s six largest economies (China, Germany, UK, and France).

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Editor: Christian Henrik Nesheim

November 1, 2021
November 1, 2021

I wrote an article back in June 2019 about the EUR 350,000 funds route being the next growth area for the Portuguese Golden Visa market. Back then, everybody was suspicious and thinking: ‘’What is Hakan saying?‘’

In reality, these were predictions based on experience. We are not from Portugal, but we have been managing investments for the last 20 years in multiple markets and have been noticing a pattern. Any FDI program based on citizenship and residency starts with real estate because it’s the low-hanging fruit. But then, after a couple of years, it opens the way to fund investments, real business investments creating jobs, and attracting capital into the capital markets.

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November 1, 2021

The European Parliamentary Research Service (EPRS) – the European Parliament’s in-house research department charged with providing objective analysis and background material for MEPs – last week published a 159-page study on investment migration programs in the EU that aimed to explore “possible legal bases on which the EU could act to address” IM programs.

Note that the report is not a policy document; it should not be interpreted as representing any official position within the European Parliament. It aims merely to assist MEPs in their work and has no legislative bearing in itself.

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November 1, 2021

Speaking to IMI in an exclusive interview, Les Khan – CEO of the Saint Kitts & Nevis Citizenship by Investment Unit – reveals never-before-published details about the CIU’s blacklisting practices: What types of discounting is permitted, what is not, what exactly it takes to get blacklisted, and how market participants can report illegal practices to get firms blacklisted.

See the 3-minute highlight reel below, or watch the full 32-minute interview in the IMI Club Members’ Lounge.

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October 8, 2021
October 8, 2021

In 2019, we analyzed the database of the RCBI Company Directory to understand which investment migration programs are the most commonly offered among firms globally.

Since then, the number of companies registered in our database has more than tripled in size, from just over 300 to just under 1,000 today. That considerable expansion of the sample size warrants another look at which program destination countries feature the most frequently on RCBI company shelves.

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