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Defending What Is Ours By Right

By: Alex Muscat   My role as a parliamentary secretary enables me to encounter many individuals daily. Recently, one individual explained to me how her daughter was able to keep abreast of online learning thanks to one, simple step: we have provided her with a tablet to continue her education and stay connected.   This tablet initiative was made possible only through funds achieved by means of foreign direct investment. We have provided laptops and tablets to children who come from economically disadvantaged backgrounds with the aim to give all students the same opportunity for education.   There is no...

Calls for Infringement Procedures Against Golden Visa Countries Dismissed by von der Leyen

By: Christian Henrik Nesheim   President of the European Commission, Ursula von der Leyen has dismissed calls from Green Party MEP Sven Giegold this week to launch the same infringement procedures against golden visa jurisdictions Spain, Portugal, Greece, and others as it recently did against Malta and Cyprus over their citizenship-by-investment programs.   Giegold’s arguments adhered to the by-now-familiar refrain of IM-antagonists: “Golden visas open the door for criminals. They can easily launder their dirty money in the EU and avoid taxes,” Giegold said this week, reports The Express.     The MEP, a long-time, vocal opponent of investment migration, who is a co-founder...

Changes to the Malta Residency and Visa Programme Announced

By Kenneth Camilleri The Malta Residency Visa Agency (MRVA) today announced changes to the Malta Residency and Visa  Programme (MRVP), paving the way for a new permanent residency programme to be introduced.   Subject to Parliamentary approval next week, the MRVP will be replaced with a new programme called Malta Permanent Residence Programme and it will be governed by a new agency - Residency Malta Agency.   The current MRVP will continue to run until the end of March, following which all new applications will fall under the new regulations.   The launch of the new programme will not affect existing applications submitted...

Proposed Golden Visa Changes Will Not Take Place Until June 2021

By Sugee Portugal    The Council of Ministers approved the diploma that puts an end to gold visas in the metropolitan areas of Lisbon and Porto, as well as the entire coast of the country. The instrument only remains for the interior and autonomous regions of Madeira and the Azores. The new regime will be gradual and it will not take effect before June 2021 at least.   As we all know there is a lot of uncertainty in the mind of investors for Golden Visa Portugal about the changes proposed in the budget of Feb 2020 by the Portuguese...

The Latest CBI Index Shows: Grenada CBI is in the Top 3

By Joanna Zhang Professional Wealth Management (PWM), a publication from the Financial Times, has released its latest CBI Index assessing the CBI programs of 14 countries through nine indicators including freedom of movement, due diligence, minimum investment, timeline, and so on. Grenada CBI ranked in the top three in total and became one of the most popular CBI programs. Why you should obtain Grenadian citizenship: 1) Fast relocation route to the US As the only Caribbean country to hold the coveted E-2 visa treaty with the US, Grenada citizens can apply for a non-immigrant visa to the US, meaning they can then both...

St Kitts and Nevis' Citizenship by Investment Program Records Increased Interest from African Investors

By CS Global Partners   According to Les Khan, CEO of St Kitts and Nevis' Citizenship by Investment (CBI) Unit, the dual-island nation's CBI Programme has expressed an increase in interest from African businesspeople, particularly from Nigeria and South Africa. One of the main motivators in acquiring a second citizenship stem from the visa restrictions many Africans face when attempting to conduct business abroad. St Kitts and Nevis boast one of the strongest passports within the region and 25th globally, surpassing many larger and more developed nations.   Established in 1984, St Kitts and Nevis' CBI Programme is the oldest within the investment immigration industry and is internationally recognised as a Platinum Standard...

Mammoth $2.3b of Investment Held Up at the Border by Covid-19 Visa Rules

By Enry Cooke   Foreigners keen to invest up to $2.3 billion in New Zealand are unable to get visas because of Covid-19 restrictions, a situation National says is holding back “tens of thousands” of jobs.   A huge amount of cash is promised by applicants for the investor-class visa, which allows foreigners to gain residence in New Zealand if they promise to invest a certain amount of money into the economy.   A similar visa was famously used by US tech billionaire Peter Thiel to gain residency in the country, which he then used to gain citizenship.   Immigration...

Chinese Investors Rush to Obtain Golden Visas in Portugal

By Schengen Visa Info   Portugal has registered an increasing number of Chinese citizens who are rushing to ‘buy’ citizenship in Portugal, through the Golden Visa Scheme, before the government puts the program to an end.   Investors from China are considering Lisbon and Porto as appropriate investment locations before both cities are removed from the passport for cash scheme, SchengenVisaInfo.com reports.   “A total of €37 million (S$58.90 million) have been invested in Portugal from Chinese nationals, during the second quarter of this year, “which is twice their spending in all of 2019,” director of Maia International Properties, Luiz Felipe Maia pointed...