St Kitts: “Pay Up or Lose Citizenship,” Greece Shrinks Processing, Sierra Leone Launches Residency, ++
Remember that you can listen to a professionally-read audio version of this newsletter on our Spotify channel.
You can also get this weekly newsletter via email.
Investment Migration This Week
Summaries prepared by James Nuveen
The Hong Kong Investment Corporation Limited (HKIC) is seeking fund managers to oversee its Capital Investment Entrant Scheme (CIES) Investment Portfolio, projecting a portfolio value of HK$300 million by 2025. Fund managers must meet stringent criteria, including a five-year operational history, Securities and Futures Commission Type 9 licenses, and experience raising institutional capital. The submission process is open until December 10, 2024.
St Kitts & Nevis has issued a warning to a citizenship by investment (CBI) applicant, alleging that he invested less than the lawful amount through the Public Good Infrastructure Project and risks the loss of his citizenship. The letter provides the investor with an ultimatum: provide documented evidence of full payment, pay the remaining amount, or face potential citizenship revocation by Prime Minister Terrance Drew before the end of December 2024. If the investor fails to respond or prove the full investment, the government may revoke his, his dependents’, and his co-applicants’ citizenships.
Spain's Senate has vetoed a bill containing measures to terminate the golden visa program, a temporary setback for the Spanish Socialist Workers' Party (PSOE) that cannot permanently block the legislation. PSOE and its coalition partners hold a Congressional majority and therefore, can override the Senate's veto in upcoming plenary sessions, with expert Dr. Jacinto Soler Matutes predicting the program could be phased out as early as April 1.
Sierra Leone has launched the "GO-FOR-GOLD" investment migration program, offering lifetime residency in exchange for gold investments, with three package options ranging from $65,000 to $100,000 plus gold bullion requirements. Designed by Stephen Barnes of the Hong Kong Visa Centre , the program features a 40-day approval process, no in-country residence requirement, and automatic membership in the GFG Club. Endorsed by the government, the initiative will attract investors with a fully remote application process and position Sierra Leone as an innovative destination for investment migration.
领英推荐
Latvia's Golden Visa program approved 30 investor visas and 53 dependent visas in the first half of 2024, with the €50,000 business investment option (74% of all applications) emerging as the most popular choice. The program shows a trend of investors relocating with small families, averaging 1.8 dependents per applicant, and demonstrates a significant shift in investor demographics, with Chinese investors now leading at 37% of applications.
Greece has significantly improved its golden visa processing time from 20 months to just three months by opening an Athens office and distributing applications across the country. Investors are now encouraged to submit applications through regional authorities like Alexandroupoli to avoid delays. The strategy not only streamlines the application process, states Katerina Saranti of MIBS Group , but also supports broader urban renewal goals by incentivizing investment in underutilized, former industrial areas.
San Marino has significantly raised its minimum annual income requirements from €50,000 to €120,000 and the movable assets requirement from €300,000 to €500,000 for foreign retirees seeking residency. The new regulations, effective for the 2025 tax year, introduce stricter rental agreement rules and are expected to reduce residency applications by 30-50%. Despite these changes, the program still offers a preferential 6% tax rate on pension income for retirees and a path to permanent residency, notes Valentino Coletto of REFRAMED .
Investment migration people in the news this week included:
Graph of the Week
Global trends in Citizenship & Residency by Investment are shifting rapidly! From stricter rules in St. Kitts to new opportunities in Sierra Leone and Spain, the landscape is evolving. It’s crucial to stay informed and adapt to these changes.?
Property Consultant- Offplan Especialist| B2B| Wealth Management| CBI-RBI| Sales & Marketing | CBI- RBI | Sales Representative | HNWI lead Generation | Client Relationships |
2 个月Christian Henrik thanks for sharing
RCBI Expert | US EB-5 Visa | EU Golden Visa | Caribbean CBI | Immigration
2 个月I highly recommend
Principal at The Galati Law Firm
2 个月I would like IMI to recognize me as the best investram immigration lawyer in the industry.