Latest / IMI Podcasts / Greek Golden Visa World's Most Popular in 2023, IMI Connect Cairo, Dominica Agent Fees Up 500%: This Week in Investment Migration
Transcript
- 0:05SPEAKER_00: You're listening to This Week in Investment Migration.
- 0:10SPEAKER_00: Dominica's Citizenship by Investment Program has introduced new regulations formalizing requirements for mandatory applicant interviews, prohibition of applicant name changes within five years, the last of the five Caribbean CIP programs to enshrine this rule, and a 500% increase in CBI agent fees.
- 0:33SPEAKER_00: Additionally, Antigua has issued new guidance regarding their obligatory interviews, which took effect on December 15th.
- 0:43SPEAKER_00: Join your friends from the IMI community in Egypt on April 22nd, 26 for IMI Connect Cairo and Global Citizen Week, a magical, guest-centric experience offering networking opportunities, business development, learning from peers, and unbridled debates about investment migration.
- 1:02SPEAKER_00: Learn how you can get tickets or become a sponsor.
- 1:06SPEAKER_00: In an opinion piece for IMI, Cypriot investment migration specialist Charles Sava writes that Hungary's new golden visa is an inferior option for residency in Europe.
- 1:16SPEAKER_00: With no path to permanent residency and double the cost for directly held properties compared to competing schemes, the upcoming Hungarian program compares unfavorably with other EU residency programs, argues Sava.
- 1:30SPEAKER_00: In response to Sava's critique of Hungary's new golden visa, Laszlo KISS offers several rebuttals and outlines nine reasons why the program will be competitive in 2024 and beyond.
- 1:44SPEAKER_00: The program, he says, has few strict physical presence requirements, a two-decade residence permit, a quick turnaround time, and several other redeeming features.
- 1:56SPEAKER_00: While Europeans have lived with ultimate beneficial disclosure rules to their national governments for many years, such disclosure is only now coming to the U.S.
- 2:06SPEAKER_00: Beginning on January 1, 2024, U.S.
- 2:10SPEAKER_00: advisors to most small, closely held entities will have to advise their U.S.
- 2:16SPEAKER_00: and foreign clients on how to comply with the far-reaching Corporate Transparency Act rules.
- 2:22SPEAKER_00: Wright international tax and immigration experts David Lesperance and Melvin Warshaw.
- 2:28SPEAKER_00: The authors warn that running afoul of the rules is easy and the penalties harsh.
- 2:35SPEAKER_00: Following months of pressure, Malaysia is easing its MM2H residency program requirements, making it more accessible and attractive to foreign investors interested in staying in the country long term.
- 2:49SPEAKER_00: The updated policy includes a more flexible physical presence rule, a path to permanent residency for the first time in Malaysia's history, and apparently no minimum income requirement, among other changes.
- 3:05SPEAKER_00: In 2023, despite a staggering backlog of applications, Greece's Golden Visa program was the world's most popular, raising an average of 45 million euros per day so far in 2023.
- 3:20SPEAKER_00: Now, however, one of Greece's main opposition parties is calling for the program's abolition.
- 3:26SPEAKER_00: The party leader argues that the program, despite its success, has negative impacts on the local real estate market and Greek society more broadly.
- 3:37SPEAKER_00: A French TV watchdog condemned news broadcaster M6 for unethical reporting in the Chetkuti Kauchi case, which involved deceptive editing techniques to falsely portray Maltese lawyer Dr.
- 3:52SPEAKER_00: Jean-Philippe Chetkuti as an influence peddler, attributing to him statements he never made.
- 3:59SPEAKER_00: As an industry, investment migration is no stranger to unfair treatment by the media, and Chetcuti's repeated vindications in court demonstrate that disingenuous reporting on the sector is not without consequences.
- 4:14SPEAKER_00: Thank you for listening.