Latest / IMI Podcasts / This Week in IMI - Nov 6: Spain Socialists to Cancel GV, Hungary Approves 1st GV Fund, IMI Person of the Year Crowned, ++

Transcript

This Week in IMI - Nov 6: Spain Socialists to Cancel GV, Hungary Approves 1st GV Fund, IMI Person of the Year Crowned, ++ · IMI Podcasts

• 0:00
  SPEAKER_00: You're listening to IMI this week.
• 0:03
  SPEAKER_00: Singapore's permanent residency application process goes beyond economic contributions to prioritize younger, educated applicants with family ties, high demand skills, and a commitment to cultural integration.
• 0:18
  SPEAKER_00: Siren Chen explains that applicants must show how their professional expertise and personal attributes uniquely fit within Singapore's economic and social framework, as the government seeks to maintain the country's cultural status quo rather than promote individualistic values.
• 0:35
  SPEAKER_00: Successfully navigating the PR process in Singapore requires a well-rounded approach, she details.
• 0:42
  SPEAKER_00: Convincing people to embrace more individual liberty and smaller government is often a futile endeavor, as most people's political views are rooted in emotion and tribal identity rather than logical reasoning.
• 0:54
  SPEAKER_00: Instead, editor of IMI Christian Nesheim suggests that the best path to gaining personal freedom is to become a good ambassador by achieving personal success and prosperity, which will then attract others to seek your advice.
• 1:10
  SPEAKER_00: Ask not what you can do for your country, ask what your next country can do for you, he notes.
• 1:18
  SPEAKER_00: Ten months after launching its guest investor program, Hungary licenses its first qualified investment fund, with four more awaiting approval, a crucial milestone after the initial July launch had no approved investment options due to a bottleneck in the government screening process for fund managers.
• 1:39
  SPEAKER_00: With the first fund approved, investors can now proceed with the€250,000 investment required to obtain a 10-year residence permit.
• 1:51
  SPEAKER_00: Veronica Kottamy has been named the winner of the inaugural IMI Person of the Year Award for 2024 in recognition of selling citizenship, Invest to BLS International for$31 million, the first large-scale acquisition in the investment migration industry, and an achievement her peers called a giant leap for investment migration.
• 2:16
  SPEAKER_00: Prominent figures in the IMI Pro community, Hokan Kortalek, Murat Koskun, Eric Major, and David Raguero praised her pioneering success and the positive impact it has had, while Kotamiy expressed her desire to focus on full-time motherhood.
• 2:35
  SPEAKER_00: Investment migration people in the news this week included Jen Barnett of Expazi Muharelzecki and Dominic Volek of Henley, and partners Artur Saraiva of Global Citizen Solutions, Marco Permunion of Permunion Law, David Lesperance of Lesperance and Associates, Armand Arton of Arton Capital, Max Reed of Polaris Tax, Sam Bayat of Bayat Group, Hossam Zakaria of HZE, Legal Purvi, Aswani Badwaj of CMI, and Corporation Philippe Martinez of MSR Media, Bruno Lakuya of the IMC Prof.
• 3:13
  SPEAKER_00: Kochinov.
• 3:15
  SPEAKER_00: Spain's government has moved to terminate its Golden Visa program, giving non-European investors until January 2025 to obtain residency rights through property investment.
• 3:29
  SPEAKER_00: After a failed attempt to include the cancellation in a new land law, the government inserted the termination as an amendment to a separate bill, despite potential opposition from major political parties.
• 3:41
  SPEAKER_00: Christa Victorio of Oriente anticipates a rush of applications as investors seek to secure their golden visas before the window closes.
• 3:52
  SPEAKER_00: In a major shakeup of Sarawak's Malaysia My Second Home Program, the government will triple the deposit requirement to 500,000 Malaysian ringgit in January 2025 and implement new income rules, fees, and licensing criteria.
• 4:11
  SPEAKER_00: Despite the significant increase, the program has positioned itself competitively against Malaysia's federal MM2H program by offering simpler requirements and faster processing times.
• 4:23
  SPEAKER_00: The changes come amid impressive growth of the Sarawak program, a 22.90% increase in approvals from 2022 to 2023.
• 4:35
  SPEAKER_00: These comprehensive changes signal Sarawak's ambitious move to enhance its position in the competitive Southeast Asian long-stay visa market.
• 4:47
  SPEAKER_00: Thanks for joining us today on IMI Podcasts.
• 4:51
  SPEAKER_00: Subscribe for free to the IMI Daily Newsletter for breaking news and updates from the investment migration industry.
• 4:58
  SPEAKER_00: And consider upgrading your membership to IMI Pro to get access to our exclusive professional community, industry events, data, and members only content.