Hungary has announced plans to bring an end to its residency-by-investment program at the end of March 2017. The move closes one of the avenues for high net worth individuals to gain access to the European Union. The Hungarian government says the program is no longer needed because of improved financing conditions in the country,…
With uncertainty surrounding the future of the US EB-5 under Donald Trump, Quebec is about to open applications for its popular investment immigration program. The Quebec Immigrant Investor Program (QIIP) offers a stable and well-administered alternative to the EB-5, which has been beset with problems relating to fraud, manipulation of so-called Targeted Employment Areas (TEAs)…
Caribbean nations are embroiled in a hotly-contested battle as they try to attract high net worth individuals as candidates for their citizenship-by-investment programs. St Lucia has just announced a plan to revamp and relaunch its program to try and compete with others including Antigua & Barbuda, St Kitts & Nevis and Dominica. Estimates suggest these…
A Caribbean envoy has criticized a recent episode of CBS’s ’60 Minutes’ for failing to present a balanced view of the region’s Citizenship-by-Investment Programs (CIPs). Ronald Saunders, Antigua and Barbuda’s ambassador to the U.S., says the show. entitled ‘Passports for Sale’. was only interested in portraying a negative view of the Caribbean programs in particular,…
Real estate developers in the Bahamas are against a plan to double the investment threshold for the country’s investor residence visa. The Bahamian government wants to increase the required investment from $500,000 to $1 million as of March 1, but developers say they have not been given enough warning regarding the move. Funds from the…