Australia’s revamped Significant Investor Visa program that sought to discourage investment immigrants from investing in Australia’s real estate sector has completely fallen out of favor among affluent immigrants. As opposed to 50 applications per month under the old rules, the revised SIV has received just 47 applications between July and December 2015. The biggest deterrent…
Warning against the perils of an adversarial approach towards economic citizenship, the Prime Minister of St. Kitts and Nevis urged the members of the Organization of Eastern Caribbean States to choose a cooperative and integrated approach to the program which is growing in popularity. St. Kitts was the first country to offer citizenship in lieu…
While the USA has always been a preferred destination for immigrants, rich as well as poor, there is growing demand for economic citizenship or investment immigration programs among affluent individuals including American citizens seeking opportunities outside the USA. Investment immigration is becoming popular internationally because it enables wealthy individuals move to a stable political and…
A UHNW Luxury Real Estate Report indicates that Ultra-High-Net-Worth (UHNW) individuals, generally defined as those with assets in excess of $30 million, are increasingly relying on global investment immigration programs to obtain a second passport. Among the reasons for seeking second citizenship include relocating to a nation offering greater security and stability, reducing personal and…
Demand for the Cypriot investment immigration program among Chinese investors has contributed to the recovery in the country’s construction sector. The Cypriot citizenship by investment scheme requires non-EU applicants to invest at least EUR 300,000 in real estate in the country. The secretary general of the country’s Chamber of Commerce and Industry stated that more…