A large number of Caribbean countries are launching citizenship by investment programs (CIPs) in an attempt to increase their foreign direct investment (FDI). These CIPS allow foreign investors or businessmen to buy passports of these countries and avail the travel and tax benefits that come with them. St. Kitts and Nevis and Dominica have some…
Cyprus is promoting the sale of its citizenship program, describing it as the fastest citizenship which can be gained in the European Union, claiming Malta’s program to be ‘the second fastest’. Their promotional message says that Cypriot citizenship can be guaranteed within three to four months of the application, emphasising that in Malta it takes…
Sentosa Cove, the man-made island resort in Singapore, is the only place in the country where foreigners can buy landed property. However, dozens of houses on the area, with their own private yacht berths and swimming pools, are empty while only a few of the apartment blocks overlooking the marina have residents. The past year…
According to LETA news agency report, foreigners have invested €1.17 billion (about US $1.5 billion) in Latvia to get temporary residence permits in the country. The Latvian immigration authority, the Office of Citizenship and Migration Affairs, claims that they received 12,427 requests for temporary residence permits during the period 2010 to 2014, which included 5,267…
In spite of Portugal’s property prices hitting rock bottom in the market, investment in the country’s real estate is at record levels. The ‘Golden Visa’ scheme launched by Portugal has given the country’s economy a significant boost. The national confidence index saw an increase of 10 points and is now at 23, the highest reading…