Greek crisis attracts EU-dreaming Chinese investors – Real estate firms advising wealthy Chinese citizens on European property investments say that falling prices in Greece have seen an increase in applicants looking to gain residence rights in Europe through the country’s investor program.
Services for immigration programs for investors booming in Vietnam – Vietnam has seen a rise in service providers offering investor immigration services. While many firms provide legitimate ways to circumnavigate strict rules on international financial transfers, certain providers have been accused of overcharging and not providing services promised.
CBI Service Providers Support Call To Protect Property Values – Leading service providers connected to the St. Kitts CBI program have expressed concerns that properties sold to meet program requirements may be overvalued.
5 Top Retirement Havens Where Real Estate Purchase Comes With Residency– The Huffington Post rates Colombia, Ecuador, Panama, Malaysia and Ecuador as top destinations for retirees looking to gain residence by investment.
‘New normal’: Vancouver’s stock of high-end homes overwhelmingly going to Chinese buyers – MacDonald Realty executive Dan Scarrow says 70% of the 1,500 Vancouver homes his company sold in 2014 went to Chinese buyers, many of whom gained residence through Quebec’s IIP following the termination of the federal program.
GAO says feds lack proper oversight of EB-5 investor visa program – U.S. Citizenship and Immigration Services (USCIS), the federal agency responsible for EB-5 oversight, does not have a strategy or an information system in place to assess the program’s actual economic benefits or the risk of fraud, according to a reportfrom the Government Accountability Office (GAO).
Key EB-5 Industry Leaders Encourage Congress to Reauthorize the EB-5 Program – The EB-5 Investment Coalition has circulated a letter to Members of Congress urging them to continue the dialogue on extending or making permanent the EB-5 program, and in coming to a consensus on the necessary reforms and changes needed for the program.
Lincoln attorney who failed to advise client properly is disbarred – Longtime attorney Thomas Ferneau did not contest complaints that he had, without consent, transferred the balance of client funds to an investment account he managed following assisting a couple with an Economic Citizenship application in Dominica.
Government of Dominica Prepares for Citizenship Programme Growth – In his 2015/2016 Budget address, Prime Minister Roosevelt Skerrit announces revised CBI investment thresholds and declares that he expects an increase in applications in the coming year.
Who Can Source Investors For EB-5 Projects: The World of Finders, Consultants, Attorneys, and Broker Dealers – Greenberg Traurig’s Laura Foote Reiff explains the potential pitfalls in sourcing investors from immigration attorneys or consultants that are not properly registered.