New Australian visa rules would push wealthy Chinese migrants into small-cap stocks – Migration experts in Australia are divided over the potential impact of new rules compelling would-be immigrant investors to invest in small companies.
St. Kitts PM Promises to Reform Citizenship by Investment Program – Speaking at the IPSA conference, Timothy Harris confirms commitment to building international trust in the program. Harris also discussed the importance of the program to the country’s prosperity, highlighting that it contributes 30% of annual revenue. Antigua Prime Minister Gaston Brown revealed that his country’s program would contribute around 25% of total revenue by the end of the year.
Leaders bicker over Malta IIP scheme – Opposition leaders ask for identity and provenance of 13 successful applicants to the program and inquire as to where the €650,000 contribution per applicant is being deposited.
Grenada visa waiver with China comes into effect – Citizens of Grenada can now travel to China visa-free, following agreement made in February 2015.
Investors from China now Jeju island’s biggest foreign property holders – Chinese investors taking up a real-estate investment immigration program have boosted property prices on Jeju Island, a special self-governing province of South Korea.
U.K. investor visa applicants from China soar – In 2014, more than 1,580 applicants for U.K. investor visas were Chinese, up from 507 in the previous year. Increase in applications has led to a lower success rate, down from 99% in 2013 to 85% in 2014 for Chinese nationals.
Dominica PM hails Economic Citizenship Program – Prime Minister Roosevelt Skerrit has defended the program amid recent criticism from the opposition Unites Workers Party. Skerrit also highlighted the importance of the program as a source of funding, stressing that taxation would need to be increased as an alternative.
U.S. Vs. Canada – Which Country Has the Best Investor Immigration Program? – Forbes article compares the EB-5 program and Quebec IIP.
Chinese newcomers can ‘boost growth’ – China Daily’s Riaz Butt explores the motivations of Chinese immigrant investors coming to Europe.
Antigua and Barbuda connect with top investors – Success of the Citizenship by Investment Unit on the agenda at luncheon; speeches made by Prime Minister Gaston Browne and Minister of Tourism Asot Michael, with Special Economic Envoy Robert De Niro among attendees.