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Malta's Citizenship By Investment Program: An update of the 2020 Review
Work on the Malta Citizenship Act is being done to pave the way for the revision of subsidiary legislation 188.03, which ultimately will need to be amended or superseded. Read our review of the most interesting changes so far.
A Proposal For A Malta Start-up Visa Program
In October 2019, CIVIQUO, submitted a proposal to the Maltese Government outlining the creation of a Malta Start-up Visa Program. During this challenging economic period, a Start-up visa program for Malta would be an ideal solution for many reasons.
105 Citizenship Applications Received Since Cyrpus's CIP Suspension Announcement
Since Cyprus's announcement of the CIP's suspension on October 13th, 105 Citizenship applications were received by the November 1st deadline. With an estimated EUR 2.3 Million investment per application, these applications generated close to EUR 250 Million in FDI.
MP Alex Muscat Says EC'S Letter Is, "More Political Than Legal"
Parliamentary Secretary Hon. Alex Muscat explained that The European Commission's actions against Malta and Cyprus, are more politically motivated, than legal as there is no EU law that justifies such action - there simply no legal basis.
Vietnam Planning to Ban International Property Investment
A decree has been drafted by Vietnam's Ministry of Plannaing and Investment which if approved, would ban individuals from making investments in real estate, overseas. The Ministry indicated that the measure was intended specifically to prevent Vietnamese netionals from acquiring alternative citizenship.
Why the Permanent Residence Program in Malta is Still Going Strong
With Malta being an EU member state, Malta’s golden visa program grants access to many benefits, and when put into perspective of the imposed travel restrictions due to COVID-19, the fact that the entire process can be done remotely – becomes a great advantage. Read more about why the MRVP is still going strong.
EC Takes Action Against Malta And Cyprus Over Citizenship By Investment Programs
On Tuesday, 20th of October, the European Commission launched infringement procedures against Malta and Cyprus. The Member States have two months to respond to the EC's letter of formal notice. Should the response be unsatisfactory, the Commission would issue a reasoned opinion.
Majority of New Zealand Investor Visa applicants are … American
Whilst New Zealand's borders remain closed due to COVID-19, 178 category 1 visa applications at NZD 3 million each, & another 52 category 2 visa applications at NZD 10 million each - are in process. That's more than NZD 1 billion, in Foreign direct investment, of which half is coming from the United States.
Cyprus Citizenship By Investment Programme To Be Suspended On Nov 1St
Following the Al Jazeera video report shown on 12th October - showing House President Syllouris, Akel MP Christakis Giovanis and others showing willingness to assist a Chinese businessman with a questonable profile - Cypriot autorities have announced that they will suspend the program as from Nov 1st
Australia'S Economic Recovery Plan Includes Doubling Biip Visa Allocation
A statement from the Acting Minister for Immigration, Alan Tudge, said that the increase from 7,260 to 13,500 allocated visas in the Business Innovation and Investment Program is expected to create more jobs and bring high-value investment to counter the impact of COVID-19.
Criteria For Investor Naturalisation Approved By Rwandan Cabinet
A draft bill that would justify granting nationality to foreign investors on the basis of sustainable investment activities, has been approved by the government of Rwanda, according to the East African report which claims to have seen the draft.
Six Signs A Program’S Due Diligence Process Needs Improvement
Al Jazeera recently published the 'Cyprus Paper'. This raised concerns that individuals with a dubious background may be attracted by residency and citizenship by investment programs. Objectively, these incidents may be seen as further proof of the inadequate due diligence processes found in this industry.
Cyprus’ Citizenship Program Risks Falling Victim To Geopolitics
A mild political crisis is slowly brewing since Cyprus's citizenship by investment program was the subject of the Qatar-based global media network, Al Jazeera. Apparently, the leaked documents included the names of everyone who obtained Cypriot citizenship since 2013. But what did the serious really uncover?
Warsal Assures All Citizens Are "Equal In The Eyes Of The Vanuatu Government"
Vanuatu's deputy Prime Minister told RNZ that yellow passports would be issued to successful citizenship by investment applicants. The government also signed an exclusive agreement with a government-approved agent, to handle all applications from stateless investors.
Are First World Millionaires, Investment Migration'S Next Market?
Significiant wealth, limited mobility and restricted freedom, drive this industry. Most of the time, investment migration service providers target emerging markets to source their next client. However, the largely dormant market in western countries, could be the new frontier.
The Revocation Of Citizenship In 9 Citizenship By Investment Jurisdictions
Revocation clauses of CBI programs, are an essential aspect of understanding the risks related with getting alternative citizenship. Most of the time, these are closely tied with due diligence-stage misrepresentation, but regardless, the revocation of citizenship is never an easy process.
2-Year Entrepreneur Visa In Dominica From USD 50,000
The Dominican government may be implementing a new Entrepreneur Visa program. Adding valuable foreign direct investment into the private sector, the Entrepreneur Visa is a 2-year permit will require applicants to invest a minimum of USD 50,000 in an existing government-approved company.