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Legislation has been introduced in the U.S. Senate to bring to an end the EB-5 visa program, that awards American residency in return for a job-creating investment. Democrat Dianne Feinstein and Republican Chuck Grassley jointly introduced the bill, that would terminate a program that has drawn billions of dollars in investment to the U.S. from
Portugal’s housing market is beginning to thrive, particularly in capital Lisbon, thanks to funds raised form its popular ‘Golden Visa’ program. Mainly-Chinese investors have pumped €1.4 billion into the market since the program was implemented in 2012. After a recent revamp, the investment has continued to flow in, boosting an economy struck down by the
A Caribbean envoy has criticized a recent episode of CBS’s ’60 Minutes’ for failing to present a balanced view of the region’s Citizenship-by-Investment Programs (CIPs). Ronald Saunders, Antigua and Barbuda’s ambassador to the U.S., says the show. entitled ‘Passports for Sale’. was only interested in portraying a negative view of the Caribbean programs in particular,
New proposals for the U.S. EB-5 residency program could see the investment threshold rise significantly. An announcement by the outgoing Obama administration suggested the investment requirement for both classes of the program rise by $800,000. This would mean an investment of $1.3 million, up from $500,000, would be required for a project within a Target
Real estate developers in the Bahamas are against a plan to double the investment threshold for the country’s investor residence visa. The Bahamian government wants to increase the required investment from $500,000 to $1 million as of March 1, but developers say they have not been given enough warning regarding the move. Funds from the
New Zealand has announced plans to double the investment required to gain permanent residence under the ‘investor 2’ visa, its government has announced, as neighbour Australia faces pressure to scrap its program altogether. Starting in May 2017, investors could be required to pay NZ$3 million instead of NZ$1.5 million to get permanent residence in New
Indians are being told the U.S. EB-5 program could become their best option for immigration to America under Donald Trump’s presidency. The President-elect ran a staunchly anti-immigration campaign in the race for the White House, although he has tempered much of the rhetoric since his victory. However, even if the Mexican wall and mass deportation
