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The U.S. Revokes More Than 1,000 Visas of Chinese Nationals, Citing Military Links

WASHINGTON (Reuters) - The United States has revoked more than 1,000 visas of Chinese nationals as of this week, a State Department spokeswoman said on Wednesday, as part of the Trump administration’s push to block entry of students and researchers from China it believes have links to the Chinese military.   In a May 29 proclamation, President Donald Trump restricted the entry of certain Chinese students and researchers to the United States, saying they were being used in Beijing’s campaign to acquire sensitive U.S. technologies and intellectual property.   The State Department began implementing the rules effective June 1.  ...

The Citizenship-Revocation Policies of 9 CBI-Jurisdictions: What it Takes to get “Kicked Out”

What is the difference between a disposable tourist and a real citizen? The simple answer is constitutional protection. Indeed, without clearly written and time tested constitutional protections, your citizenship is only a temporary travel pass exposed to the caprices of local politicians, foreign governments, assertive media, or anyone else who can throw their weight around and who wants to take a crack at you.   Before committing to a glossy CBI program advertisement, investors have to do competent due diligence on their preferred CBI program, which includes reading the applicable revocation clause in the country’s constitution and/or pertinent regulation. Independent...

Croatian Prime Minister: Croatia Will Soon Introduce Digital Nomad Visas

Digital Nomads wishing to live in Croatia will soon be able to do so, as the country is in the process of introducing a Digital Nomad Visa, which will allow internationals who are engaged in jobs independent of location and time, to work in Croatia.   The move has been announced by the Croatian Prime Minister Andrej Plenkovic himself, through a post on Twitter, in which he said that Croatia would adjust the Aliens Act to legally regulate the stay of digital nomads.   Prior to announcing the decision, PM Plenkovic met with Dutch entrepreneur, Jan de Jong who for...

The Reason Behind FY2019’s Low Processing Volumes

There’s one observation that can’t be missed when you look at the EB-5 processing statistics from the past decade: FY2019 broke the trend and recorded incredibly low I-526 petition processing volumes. Just like the EB-5 Immigrant Investor Program is a complicated program, the Immigrant Investor Program Office (IPO) is a complicated entity, and the processing volumes are generally the result of numerous processes going on behind the scenes that are not apparent on the surface. That is certainly the case with FY2019’s low processing volumes.   First, we’ll examine the unusually high processing volumes of I-526 petitions in FY2018. One major difference distinguishes the two fiscal...

China's Richest Woman Buys EU Citizenship with 'Golden Passport'

According to a batch of leaked documents obtained by Al Jazeera known as the Cyprus Papers, Yang is among more than 500 high-net-worth Chinese citizens who have acquired "golden passports" by each investing at least 2 million Euros (US$2.3 million). Since the tiny island country is a member of the EU, obtaining a Cypriot passport has become a backdoor to quickly enable wealthy individuals to gain EU citizenship.   The news agency has not provided the names of all the Chinese nationals on the list, but it did release eight key figures. Yang was at the top of the list, as...

Why Invest in Cyprus

COMPANY INTRODUCTION Founded in 1977, Pafilia is the largest privately-owned residential developer in Cyprus, dedicated to developing world-class properties for personal living and investment. With over 40 years’ experience, Pafilia is Cyprus’ leading luxury property developer with award-winning projects and a comprehensive property portfolio including Minthis, the island’s most exclusive golf resort, ONE, Europe’s tallest seafront residential tower, and Neo, which is set to be a new landmark in the country.  With our uncompromising effort in delivering the best in concept, design, quality and service, we continue to transform and set the benchmark for the Cyprus real estate sector. We...

Under the COVID-19 Situation, British Immigration Policy Continue Making a Splash

"No matter where you are, our mission is to tailor the best investment and immigration services for you." For many years, the UK has been the first choice for HNWIs to settle down and invest. The sudden outbreak disrupted many people's plans and seriously affected the international immigration market. In the face of the COVID-19, various countries have made many moves; the United States tried to prevent new immigrants from entering and suspended the issuance of green cards. Thailand has suspended landing visas. Many European countries have completely blocked their borders. In contrast, the move of the Home Office is...

The Emerging Investment Horizon

Ever-changing global markets provide a diverse range of investment opportunities, which makes it more challenging to keep up with or even to tap into alternative options. We at BAO look at markets from a different perspective with an aim to help broaden your investment horizon. According to the China Global Investment Tracker, the value of China’s overseas investment and construction industries combined since 2005 amounted to over $2 trillion. The rapid development of China’s foreign investment is an inevitable result of the robust economic development, international financial management and focussed strategies of China’s wealthy family groups. China is opening up...