Tepid Demand for Australia’s Revamped Significant Investor Visa

Australia has received just 7 new applications under its new significant investment visa program following the introduction of important modifications to its programs in July 2015. Prior to the changes, between November 2012 and June 2015, the significant investment visa program received approximately 2100 applications and attracted foreign direct investment of AUS $4.3 billion from…

More Americans Choosing to Renounce Citizenship Rather than Pay Taxes

More US citizens have renounced their citizenship in the first three months of this year than ever before, mainly because of a new aggressive crackdown by the US Treasury Department and the Internal Revenue Service to enforce tax rules on the foreign income and savings of American expatriates. The surge in US nationals renouncing their…

Investment Migration is Popular Amongst Wealthy Immigrants but Economic Benefits Still Unclear

Citizenship-by-investment programs offering residence in lieu of investment evoke strong criticism.  They are popular among developed nations and they are always in demand with high net worth investor immigrants.   While a few countries in the Caribbean region and Europe offer citizenship through investment, about half the constituents of the European Union offer long-term residence…

EB-5 experiences staggering increase in applications and investments during the past decade

The EB-5 program provides wealthy immigrants with the option of acquiring a coveted US Green Card in a relatively short span of about years. The EB-5 program offers permanent residence in the US for applicants investing at least $1 million; $500,000 in case of a Regional Center in a rural area or a high-unemployment area;…

Spain Planning Golden Visa Rule Changes to Boost Demand and Attract Investments

Lagging behind investment immigration programs offered by other European countries like Portugal, Cyprus, and Greece, Spain’s government is considering liberalizing the Spanish Golden Visa program. Currently, the Spanish Golden Visa program is subject to the following rules: Minimum investment of at least EUR 500,000 in one or multiple properties in Spain. The applicant can invest…