Foreign criminals face new crackdown as new visa rules demand police checks – Migrants applying for Tier 1 visas in the UK will be required to show proof of police checks for every country they have lived in during the previous 10 years.
White House Releases ‘Modernizing & Streamlining Our Legal Immigration System for the 21st Century’ – Report specifically addresses the EB-5 program, recommending enhancements to avoid fraud, abuse, and criminal activity; measures to ensure that the program is reaching its full potential in terms of job creation and economic growth; and policies to streamline the program to make it efficient and stable for participants in the program, including petitioners and Regional Centers.
Portugal brings back ‘golden’ migration visas for wealthy foreigners – The Portuguese government has passed a decree reinstating the granting of golden visas for wealthy foreigners. Earlier in the week it had been announced that the program had been suspended since July 1 in order to introduce new regulation.
Governments roll out red carpet for rich foreigners – The Financial Times explores the potential tax benefits of investor immigration programs worldwide.
Rich and American? Australia wants you – Australia has launched its Premium Investment Visa (PIV), initially targeting wealthy Americans. The PIV requires A$15 million in investments but has no physical residence requirement, whereas the existing two-year-old Significant Investor Visa (SIV) has a minimum of A$5 million in investments but requires at least 40 days residence per year.
How Many Passports Has St. Kitts Nevis Sold? – Former government minister Dwyer Astaphan asks “If the Team Unity Government is serious about transparency and accountability, will we have to wait much longer to get a full report on the number of passports issued under the Economic Citizenship Program, a detailed list of diplomatic passports and their holders, etc?”
Iran, Afghanistan and North Korea excluded from Malta’s citizenship by investment programme – Joe Vella Bonnici, chairman of Identity Malta, the official body in charge of passports, identity cards, acts of civil status as well as Malta’s individual investor programme, has stated that Malta refuses applications submitted by Iran, Afghanistan and North Korea nationals.
Which countries do the uber-rich migrate to? – Research conducted by New World Wealth and LIO Global looks at HNW migration over the last 15 years
Six things to know about the EB-5 reform bill – Proposed changes to EB-5 program explained.
US authorities crack down on US$68m Ponzi scam ‘targeting wealthy Chinese’– SEC works with counterparts in Hong Kong and China to investigate and charge San Francisco oil and gas company Luca International Group with fraud. EB-5 applicants were found to be among the targets.