Data released by the Latvian Office of Citizenship and Migration indicates a slump in demand for Latvia’s investment immigration program. Investments made by wealthy foreigners seeking temporary residence permits has fallen from EUR 198.9 million in the first half of 2014 to just EUR 34.3 million in the corresponding period of 2015. Since its introduction…
Despite the drastic fall in Significant Investor Visa applications; from 1108 between January and June 2015 to nine since July 2015; property developers do not anticipate negative impact on the housing construction boom in the country. The revised Australian SIV program, which is very popular amongst Chinese investors, offers permanent residency in Australia in lieu…
Nations like Bermuda and the Cayman Islands that have limited scope for economic development through conventional strategies can benefit from big-ticket investments made by high net worth individuals. Economic investments, educational scholarships, and other social commitments made by wealthy residents result in economic growth, job creation, and overall betterment of poorer fellow citizens. Supporters of…