Australia is experiencing similar problems to Canada in attracting ultra-high net worth applicants for its investment immigration program. Since it changed the rules on its Significant Investor Visa program in July 2015, just 98 applications have been received and 10 visas issued against a target intake of 2,100. Canada’s numbers are even worse. Since launching…
Chinese investors have driven the overwhelming success of Portugal’s investment immigration program, with €1.91 billion ($2.19b) invested over the three-and-a-half years since it was introduced. Recent figures show the Golden Residence Investor Program is only gathering pace, with March alone attracting investment of €103.6 million, bringing the total to €231.5 million for the first quarter, according…
Wealthy foreign investors hoping to gain residency to the US via the EB-5 program may lose their investment because of an alleged fraud, currently being reviewed by INS. The developer behind a biomedical research facility in Vermont, who benefitting from EB-5 investor funding, is being investigated for misusing the money. Now families who expected the project to…
The Caribbean nation of St Kitts and Nevis claims it possesses the best due diligence of any citizenship-by-investment program (CIP) in the world. Prime Minister Dr Timothy Harris says he would be happy for anyone to come and scrutinize exactly how the program investigates applicants for citizenship. St Kitts and Nevis CIP requirements Real estate…
With a global economy plagued by malaise or political instability, an increasing number of wealthy individuals are considering safer havens and investment based immigration program are the option for many. Figures show the global elite spent approximately $2 billion in 2014 on citizenship or residence based schemes. The list of nations offering citizenship or residence…