Portugal is the most popular best destination for those seeking permanent residence in lieu of investment while Malta’s Individual Investor Program ranks high for citizenship applicants. These programs offer affluent individuals a second residence and citizenship and accompanying benefits including freedom of mobility, and a secure backup option for applicants and their family members. Many…
The Prime Minister of St Vincent and the Grenadines has categorically rejected the possibility of a citizenship by investment program for affluent migrants seeking fast-track citizenship of the country. After being re-elected for a fourth time, the Prime Minister opined that the nation’s citizenship would not be treated as a commodity for sale and that…
An IMF report confirms the proposed St. Lucia citizenship by investment program, set to launch in January 2016, has a potential source of significant revenues for the St. Lucian government. The IMF cautions the government to use a prudent approach that recognizes the volatile nature of this revenue source. The report suggests that the government…
Immigration is no longer restricted to poor individuals seeking a better life for their families. Increasingly, high net worth individuals internationally are pursuing economic citizenship and fast-track permanent residency schemes to acquire alternative residence and second passports. Some schemes are comparatively cheap costing a few hundred thousand dollars while other options require minimum investment running…
After experiencing a prolonged slump following the 2008 global recession, Portugal’s national economy is finally beginning to show signs of recovery. Unemployment levels continue to improve; tourism is rising, with inflow of visitors rising by 11.9% as compared to 2013; and investment-boosting measures like Portugal Golden Visa and a liberal tax regime for non-habitual residents…