Latest / IMI Podcasts / This Week in IMI - Aug 11: Wailian President Arrested in Shanghai, Dolce Visa Suspends Russians, Grenada De-Certifies 5 CBI Developments, ++

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This Week in IMI - Aug 11: Wailian President Arrested in Shanghai, Dolce Visa Suspends Russians, Grenada De-Certifies 5 CBI Developments, ++ · IMI Podcasts

• 0:05
  SPEAKER_00: You're listening to This Week in Investment Migration.
• 0:09
  SPEAKER_00: In a contribution piece for IMI, Italian tax advisor and immigration specialist Niccolò Bola introduces the Italian Representative Office Visa, a little-known but highly effective and flexible path to residency in Italy.
• 0:23
  SPEAKER_00: The ROV offers the appointees or directors of foreign companies that open an office in Italy a renewable residence permit in the country, with a path to both permanent residency and citizenship without investment.
• 0:37
  SPEAKER_00: In a new episode of our Mobility Standard Podcast, Crista Victorio of Orients speaks to IMI about residency and citizenship in Spain, covering topics like the outcome of the recent Spanish general election, whether the Spanish government is obfuscating golden visa statistics on purpose, how it's possible to get a Spanish golden visa for a 350,000 euro upfront investment, how you can get Spanish citizenship without becoming a taxpayer in Spain, how Spain's startup digital nomad visa can reduce your tax bill through the so-called Beckham Law, why Spain's golden visa remains open to Russian applicants, and how long it actually takes to get citizenship in Spain.
• 1:20
  SPEAKER_00: Following a record year in which Russians became the program's top applicant nationality, Italy's government has suspended Russians and Belarusians from its Dolce Visa.
• 1:31
  SPEAKER_00: The decision comes nearly 18 months after the European Union requested that all EU investment migration programs exclude these nationalities.
• 1:40
  SPEAKER_00: Through publication in the country's Gazette on August 4th, Grenada's CIU has culled five real estate projects from its list of developments approved under the Citizenship by Investment Program.
• 1:52
  SPEAKER_00: The move is the latest in a string of shakeups in the Caribbean CBI real estate space this year.
• 1:59
  SPEAKER_00: Linda He, head of Wei Lian Group, one of the world's largest investment migration firms, has been arrested in Shanghai on charges of having helped the firm's clients evade China's strict capital controls by helping them move funds out of the country through shadow banking.
• 2:16
  SPEAKER_00: Sources say the police have told Miss He to hand over all client information accumulated over decades of service in the field.
• 2:24
  SPEAKER_00: By the end of the seventh month of 2023, the SEF had approved 962 golden visas, already significantly more than the eight sixty five approved in all of 2021.
• 2:36
  SPEAKER_00: The program has raised nearly half a billion euros so far in 2023 and is likely to see an all time record in annual approval volume this year.
• 2:46
  SPEAKER_00: Thank you for listening.