Citizenship by investment schemes boomed from just one in 1984 and in just 25 years, these schemes have proliferated to 13 countries as of 2019 and excess of $10 billion have poured into countries running it.
The Office of the Regulation for IIP (ORIIP) has made some recommendations for Malta IIP scheme based on Observations in the Fifth Annual Report on Malta Individual Investor Programme (IIP) published in Nov 2018 1. Staffing The Agency has always had to deal with an acute shortage of staff and various recommendations in this regard have been made in these…
During 18th century, the world’s first special citizenship-by-investment program prevailed in Scotland, a century before St Kitts started the idea, which continued long after the Union with England in the 18th century: a share investment of GBP 83 in the Royal Bank of Scotland allowed a foreign citizen to become a citizen of Scotland and, by extension, the UK. During the…
Montenegro first launched its economic citizenship scheme in August 2010 to attract wealthy investors. The Citizenship Act in 2010 was amended to grant citizenship on individuals who invested at least €500,000 in the Adriatic country. Under the scheme citizenship would be granted to foreign investors for least €500,000 ($680,000) into the country, subject to approval. Part of the funds will…
Samoa launched its citizenship by investment scheme under Citizenship Investment Act 2016 and its Regulations 2016. This scheme is administered by the Ministry of Commerce and Industry in Samoa. Applications must be submitted to the Citizenship Investment Committee. The Citizenship Investment scheme commenced on Tuesday 31st January 2017 Citizenship by Investment is the granting of citizenship status to an individual and immediate…
San Marino is the third smallest country in Europe, after Vatican City and Monaco with a population of 33,000 and approximately 5000 foreign residents. It is also the fifth smallest country in the world. San Marino is an enclaved microstate surrounded by Italy, situated on the Italian Peninsula on the northeastern side of the Apennine Mountains. The country’s economy mainly relies on…
Henley & Partners is pleased to host its 13th annual Global Citizenship Conference in London in November 2019. When: Nov 12, 2019 at 6 PM – Nov 14, 2019 Where: The Dorchester, 53 Park Lane, W1K 1QA London, United Kingdom The annual event has become the world’s largest and most significant conference on investment migration. In celebration of the conference’s 13th…
The Annual Report of Immigrant Visa Applicants as of November 1, 2018 show the a total of 39,000 (87% are chinese) are on EB-5 waiting list. Hong Kong and South Korea have the lowest waiting. Over 500 applications from India and 1500 from Vietnam also on waiting list.
Portugal has introduced new visa and residence rules for foreigners making it easy for appointments and reducing visits to migration office. This applies to golden visa residence permit holders seeking residence permit extensions. The new Regulatory Decree of the Legal Regime of entry, stay, exit and removal of foreign nationals from the national territory has been published in Diário da República and…
Latvia launched a Golden Visa Programme in 2010. Initially started as a post-2008 crisis economic development tool, at some point it acquired renewed political significance. When the scheme launched in 2010, foreigners could acquire the right to reside in Latvia, an EU Member State by buying a property in the countryside for a minimum of EUR 71,150 or in Riga…