The Portugal government says it has attracted investment worth €2.4 billion since introducing its permanent residence-by-investment program in 2012. Wealthy Chinese investors have made up most of the clientele, says Portugal’s Foreigners and Borders Service. Of the 3,888 candidates given permanent residency under the program, 1,100 of them were granted in 2016. Some 766 were…
The key finding of a new study is that immigrants start a disproportionate number of new businesses, helping create jobs and feed the American economy. Despite making up 15 per cent of the US labour force, 27 per cent of immigrants were classed as entrepreneurs in 2008, while 37 per cent of new businesses started…
Real estate experts say the Dubai property market could receive a significant boost if expatriate investors were given longer-term visas and the process was simplified. Multiple requirements for investors include the need for the property to be worth more than a million dirhams, for it to be entirely owned by the investor and located in…
The US EB-5 immigrant investor program was extended in its current form as part of Congress legislation to avoid a government shutdown last week. The program will run until at least December 2016 following the vote, despite many calls for it to be overhauled or abandoned because of problems with fraud. Many had expected the program’s thresholds…
Cyprus has reduced the investment threshold for its citizenship-by-investment program from €5 million to €2 million across its asset classes. Foreigners can now access Cypriot citizenship for €2.5 million, given the added requirement of a €500,000 real estate purchase. The program has also been made more flexible, with investors able to combine all available categories…