Author page: Prabhu Balakrishnan

Montenegro first launched economic citizenship in 2010

Montenegro first launched economic citizenship in 2010

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…

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Samoa Citizenship by Investment launched in 2017

Samoa Citizenship by Investment launched in 2017

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…

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San Marino Economic Residence by Investment

San Marino Economic Residence by Investment

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…

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Portugal simplifies Aliens act for Golden visas

Portugal simplifies Aliens act for Golden visas

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…

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Latvia launched Golden Visa in 2010, scheme brought €1.44 billion from property deals

Latvia launched Golden Visa in 2010, scheme brought  €1.44 billion from property deals

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…

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Ineligible candidates for Antigua Citizenship by Investment

Ineligible candidates for Antigua Citizenship by Investment

The Citizenship by Investment Program (CIP) was established following parliamentary assent to the Antigua and Barbuda Citizenship by Investment Regulations 2014. The Regulations regarding Citizenship by Investment in Antigua and Barbuda are contained in Section 6 of the Citizenship by Investment Act, 2014. These provisions allow the government to operate a program under which citizenship is granted to persons who qualify under criteria…

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St Martin Residence by Investment

St Martin Residence by Investment

St Martin collectively are the two territories of Saint-Martin ( french side)  and the Sint Maarten (dutch side). The island is located south of Anguilla, separated from the British territory by the Anguilla Channel.  The main industry of the island is tourism with over one million visitors annually. About 85% of the workforce was engaged in the tourist industry. The Dutch side of…

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