NEWS

In a televised speech on Saturday, Greek Prime Minister Kyriakos Mitsotakis announced that the minimum investment amount required under the property investment option of the golden visa program is set to double. “In order to increase the affordability of real estate for Greeks, we are now increasing the minimum amount of investment required for the issuance of a Golden Visa from EUR 250,000 to EUR 500,000,” stated Mitsotakis. The measure was announced at the Thessaloniki International Fair as part of a wider set of economic policies to be implemented, and the Prime Minister did not expound in detail on the...

IMMIGRATION BY INVESTMENT NEWS 2022

By Christopher SimpsonThe British Virgin Islands Financial Services Commission (FSC) has recently recognised Asia-based Fusang Exchange Ltd as its first digital securities and asset exchange. The Exchange was recognised by way of an amendment to the British Virgin Islands Regulatory Code (Recognised Exchanges) Notice, 2015, and took effect on January 5, 2022. The recognition paves the way for Asian-based, BVI-registered companies to benefit from the efficiencies of listing their shares digitally via equity tokens.Fusang joins other leading global exchanges such as the London Stock Exchange, the New York Stock Exchange, the Tokyo Stock Exchange, and the Toronto Stock Exchange, which...

PRIVATE & INTERNATIONAL BANKING NEWS 2022

Yogi Berra, the iconic American baseball catcher, famously said: "Make a game plan and stick to it. Unless it's not working."   US Federal Reserve Chair Jerome Powell may have had this quote in mind when he delivered his 'Jackson Hole speech on August 26th, as the world's Central bankers gathered in Wyoming for their first in-person economic symposium for some years. In contrast to his more optimistic and discursive 2021 effort (promoting maximum employment and transitory inflation), Chair Powell was short and direct, taking just 8 minutes and 49 seconds to deliver his speech. The price stability imperative and...

PRIVATE & INTERNATIONAL BANKING NEWS 2022

MAZATLAN, SIN – The construction of the Mzt Aerospace Park in Mazatlan, Sinaloa, aims to be the new research and development hub for the aerospace industry in Mexico.   This project has a feature that will make it more attractive, which will have its own airstrip to test experimental aircraft, as well as to provide maintenance to the aircraft through an MRO.   Lino Suárez Guzmán, Mexican entrepreneur and partner of Singular Aircraft, stated that the park was created to promote and develop the aerospace industry. The construction project of the Mzt Aerospace Park consists of two stages, the first...

FOREIGN DIRECT INVESTMENT NEWS 2022