Vanuatu honorary citizenship scheme progressing – Director-general of Vanuatu’s Ministry of Internal Affairs says the Government’s scheme for selling honorary citizenship is progressing well, confirms applicants are screened through the Financial Intelligence Unit.
Bi-Partisan EB-5 Legislation Introduced in Senate – The American Job Creation and Investment Promotion Reform Act, proposed by Republican Chuck Grassley and Democrat Patrick Leahy, would reauthorize the EB-5 Regional Center program for five years and add measures to improve the program’s integrity.
St. Kitts considers raising investment threshold for CBI program – Prime Minister Timothy Harris says the country will also be more stringent in preventing people with a criminal history from obtaining citizenship. The IMF forecasts revenue from the program at about $37 million per year from 2015-2017.
Small caps, venture capital among investor visa winners in Australia – Recent changes to Australia’s Significant Investor Visa program may potentially quadruple inflows into the fledgling venture capital market to as much as $500 million and bolster trading volumes in the small-caps company segment on the ASX.
EB-5 program contributed $3.58 billion to U.S. GDP and supported over 41,000 U.S. jobs in 2013 – According to peer-reviewed study by Invest in the USA (IIUSA), the trade association for the EB-5 Regional Center Program.
Cyprus Citizenship scheme raises €2 billion – Citizenship by Investment program has boosted the Cyprus economy by €2 billion from property sales and investments in the country according to an audit services report.
UK immigration laws favor investors over innovators – According to report from visa website Migreat.
Reopening the Immigrant Investor Venture Capital Pilot Program – Canada announces it will reopen Immigrant Investor Venture Capital (IIVC) Pilot Program until the end of the year, seeking to test demand and process the first 60 applications received. Immigration lawyer Richard Kurland says the program looks like a promising upgrade and prevents potential for fraud.
What’s Trending In The U.S. EB-5 Investor Immigration World? – Immigration attorney Andy Sotiuk discusses retrogression of Chinese application and SEC crackdown on commissions.
The migration industry is starting to grow up – Investment Migration Council (IMC) set to release Code of Ethics and Professional Conduct.