Dominica Defends Citizenship by Investment Program

Dominica’s Prime Minister Roosevelt Skerrit has sought to reassure critics of Dominica’s Citizenship by Investment Program, saying the scheme is highly-rated by the international community, and that it would not put at risk the integrity of the country’s passport for the sake of generating revenue. Skerrit indicated that his Government is moving ahead with Dominica’s Citizenship by Investment…

Relaxation in Spain Golden Visa Norms to Attract More Non-EU Applicants

As a part of a sustained attempt to attract foreign investment into the real estate market, the Spanish government has widened the scope of its Golden Visa Program, and is now offering residence to parents and adult children of individuals fulfilling the minimum investment requirement. Introduced in 2013, Spain Golden Visa program offers residency for…

New Rules Unlikely to Dent Popularity of Australia’s Significant Investor Visa Program

New Rules for Australia’s Significant Investor Visa Program: The new framework for Australia’s Significant Investor Visa, set to take effect from July 1, 2015, may require applicants to make invest in small-cap companies in order to qualify for permanent residence in the country. Further, existing restrictions on direct investments in the Australian real estate sector…

Decline in Chinese Demand for Portugal’s Golden Visa after Corruption Investigations

Requests for Portugal’s Golden Visa program from Chinese applicants has fallen by 20% since instances of corruption and violation of rules came to light in November 2014. Speaking on the issue, the Portuguese Communities Secretary indicated that increase in demand from other countries has made up for the sudden decrease. Highlighting the Portuguese government’s commitment…