IMMIGRATION BY INVESTMENT

Recent events have shaken the Caribbean Citizenship By Investment (CBI) landscape, leaving little room for optimism. Just a week ago, St Kitts offered an extended limited-time discount on its CBI program, providing a glimmer of hope for prospective applicants. However, within two days, Vanuatu and Dominica suffered visa-free access restrictions to the UK due to alleged approvals of CBI applicants previously denied UK visas.   The European Union has long been critical of CBI and Golden Visas, and speculation about potential changes in the region has been circulating for days. Unfortunately, these speculations proved true as St Kitts and Nevis'...

IMMIGRATION BY INVESTMENT NEWS 2023

A Comprehensive Guide to Obtaining Turkish Residence in 2023 Obtaining Turkish residence offers a range of benefits, from investment opportunities to lower taxes and extended travel privileges. In this article, we will provide you with a step-by-step guide on how to obtain Turkish residence, including the different types of resident permits available and the advantages of acquiring one. At Nomad Capitalist, we specialize in helping individuals navigate the process of obtaining second residence or citizenship. With our expertise and guidance, we will ensure you make the right choice for your specific needs as our valued client. Turkey Country Overview: Situated...

IMMIGRATION BY INVESTMENT NEWS 2023

The trial surrounding Cyprus's Golden Passport scandal, originally exposed in an investigation by Al Jazeera, has been suspended by the Nicosia criminal court due to changes in the court's composition. This development has resulted in the acquittal of all four defendants, including former House President Demetris Syllouris, former Akel MP Christakis Giovani, lawyer Andreas Pittajis, and Giovani Group executive Antonis Antoniou, on all charges, at least for the time being. Elli Papagapiou, the representative of the prosecution, explained that the current case could not proceed due to the change in the court's composition. As a result, the criminal case will...

IMMIGRATION BY INVESTMENT NEWS 2023

The EU has agreed to radical reforms of its migration and asylum laws, including charges of €20,000 per head for member countries that refuse to host refugees. The 27-state bloc has adopted general approaches to asylum and migration management regulation and asylum procedure regulation. Under a last-minute compromise, member states will determine what country is "safe" for migrants turned away on the grounds of not being eligible for asylum.   Countries will be obliged to show a "connection" with the country that any migrant is transferred to, but this link can be defined by the member state. This appears to...

IMMIGRATION BY INVESTMENT NEWS 2023

Canada: 13 More Countries Added to Electronic Travel Authorization Program   Content: On June 6, 2023, the Canadian Minister of Immigration, Refugees and Citizenship, Sean Fraser, announced the inclusion of 13 additional countries in the electronic travel authorization (eTA) program.   This expansion allows eligible travelers from these countries to apply for an eTA instead of a visa when flying to Canada. The following countries are now part of the program: Antigua and Barbuda, Argentina, Costa Rica, Morocco, Panama, Philippines, St. Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines, Seychelles, Thailand, Trinidad and Tobago, and Uruguay.   Members...

IMMIGRATION BY INVESTMENT NEWS 2023

Greek authorities have decided to postpone the increase in the minimum investment amount for the Golden Visa Program in certain areas of the country by three months. This means that wealthy foreign nationals can still participate in Greece's Golden Visa Program by investing €250,000 instead of €500,000 until July 31. The decision to raise the minimum investment amount was initially announced by Greek Prime Minister Kyriakos Mitsotakis, leading to a significant increase in the number of program applications.   The Ministry of Immigration and Asylum reported a 252% surge in applications for the Golden Visa, totaling 1,446 requests in January...

IMMIGRATION BY INVESTMENT NEWS 2023

Jordan is a peaceful Middle Eastern country known for its high living standards, quality healthcare, and welcoming expatriate community. It stands out as a progressive nation with a robust police and military presence. Attaining Jordanian citizenship is possible through a minimum investment of $750,000, offering various avenues such as bank deposits, business or government project investments, and job creation.   Successful applicants gain the privilege of visa-free travel to over 50 countries, and the application process typically takes around three months. Despite bordering nations with ongoing conflicts or unstable political climates, Jordan itself is a tranquil, content, and relaxed place...

IMMIGRATION BY INVESTMENT NEWS 2023

The Residency by Investment program in Cyprus has undergone significant amendments as approved by the government. These changes aim to tighten the application process and establish stricter requirements for prospective investors. Among the key modifications are the introduction of a higher minimum annual income threshold, an increased amount for sponsoring dependents, and the implementation of annual income verification for individuals holding residency status. Additionally, adjustments have been made to the eligibility criteria for family members, excluding parents and adult children from obtaining residency under the main applicant's application.   Under the revised program, applicants seeking residency by investment in Cyprus...

IMMIGRATION BY INVESTMENT NEWS 2023