The first quarter of 2015 saw the highest number of US citizens ever renounce their citizenship mainly due to the exhaustive tax regime employed by the US government. As a result, the US is set to record more citizenship renunciations in 2015 than in any prior year. In 2013, 2,999 Americans renounced their citizenship, an increase…
Applicants under the new investment stream of Hong Kong’s General Employment Policy must submit full business plans to qualify for residence. The new rules seek to discourage inflow of immigrants seeking property investments and stock market speculation opportunities. Source: SCMP
Investment in research, renovation of urban property, and relaxed investment requirements for applicants opting for less-preferred reasons are some of the new rules applicable to wealthy investors opting for Portugal’s Golden Visa program. Source: Mondaq
Retrogression to May 1, 2013 means Chinese investors who applied after the date are unlikely to qualify for the Green Card under the US EB-5 program. China is the only country to near the per-country limit of 7% of total allotments under the investment immigration program. Source: America Bazaar Online
EB-5 applicants face new restrictive rules related to use of borrowed capital for financing their investment immigration applications. Narrow interpretation requires property offered as collateral for the loan to be owned solely by the applicant. Source: Natlawreview