Citizenship

Portugal issued 126 Golden visas for Nov 2018

Portugal issued 126 Golden visas for Nov 2018

Portugal remains the most popular european golden visa schemes for property investment. According to latest statistics released by SEF, 126 golden visas have been granted for the month of November 28.   Of the 126 golden visas, 121 have been issued for real estate property Some 209 family members received residence permits in this month alone.  A total €77 million…

ORiip recommendations for Individual Investor program

ORiip recommendations for Individual Investor program

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…

History of Citizenship by Investment

History of Citizenship by Investment

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 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…

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…

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…

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…