Global Citizen Tax can bridge funding gap on EU refugee response – Arton Capital urges governments to consider implementing levy on citizenship by investment programs to fund efforts to tackle Europe’s refugee problem.
St Lucia government pressed on economic citizenship proposal – Opposition Lucian People’s Movement Party press for transparency in proposed CBI program.
Portuguese minister to be charged in money-laundering related to Golden Visa program – Portuguese prosecutors announce they will charge former Interior Minister Miguel Macedo for his role in a money-laundering scheme linked to the Golden Visa program.
Buying visas with investments is big business. And Congress is taking notice – The Washington Post examines proposed reforms to the EB-5 program, while the Wall Street Journal looks at increased interest from new areas.
SEC charges Boca Raton company with unregistered broker-dealer activity in EB-5 investments – Ireeco LLC becomes the first firm to be charged with unregistered broker activity in the EB-5 program, after allegedly brokering 158 investments worth $79 million.
Opposition question Henley’s 4% commission when their ‘workload has been reduced’ – Maltese MPs question why Henley and Partners still earn 4% in commission from every successful citizenship applicant when much of the administrative work has shifted to Identity Malta.
IMF Concludes 2015 Article IV and First Post Program Monitoring Mission to St. Kitts and Nevis – CBI program is credited with fueling average 6% economic growth over past two years. IMF also commends government for commitment and progress on CBI reform.
Antigua reveals details on uptake for CBI program – 510 citizenships have been granted, of which 42% were to Chinese nationals, with further strong uptake from citizens of Lebanon, Iran, Russia, Egypt and Syria. It was also revealed that 416 applications were through the National Development Fund contribution option route, while 89 were real estate and 5 through business investment. Analysts have warned that the preference for the contribution route could devalue the Antiguan passport.
IPSA International Focuses on Transparency During Inaugural Meeting of Caribbean Region Citizenship by Investment Programs – Governments of Caribbean nations urged to adopt best practices in their CBI programs. Representatives from Canada, the EU and the United States also attend two-day event aimed at gathering and sharing insights into strengthening CBI in the Caribbean.
Will This ‘Fast Track’ to US Citizenship Be Renewed? – NBC examines the arguments for and against renewing the EB-5 program.