Decline in Chinese Demand for Portugal’s Golden Visa after Corruption Investigations

Requests for Portugal’s Golden Visa program from Chinese applicants has fallen by 20% since instances of corruption and violation of rules came to light in November 2014. Speaking on the issue, the Portuguese Communities Secretary indicated that increase in demand from other countries has made up for the sudden decrease. Highlighting the Portuguese government’s commitment…

US Senators Set to Extend EB-5 Regional Center Program

US senators have introduced legislation to renew the EB-5 regional center program that is set to expire in September 2015. The scheme is particularly popular among Chinese citizens, as it provides a pathway to US residence in exchange for investment in American businesses. In many instances, “the program has helped combat a stagnant economy”, says…

Changes to Australia’s Business Innovation and Investment Program

Changes to Australia’s Business Innovation and Investment Program (BIIP) will take effect from 1 July 2015 and will include the introduction of the Premium Investor visa (PIV), and new flexible residency arrangements for the Significant Investor visa (SIV). The BIIP was created to attract foreign investors and entrepreneurs to Australia. In addition to the SIV…

Dominica Defends Citizenship by Investment Program

Dominica’s Prime Minister Roosevelt Skerrit has sought to reassure critics of Dominica’s Citizenship by Investment Program, saying the scheme is highly-rated by the international community, and that it would not put at risk the integrity of the country’s passport for the sake of generating revenue. Skerrit indicated that his Government is moving ahead with Dominica’s…