Latest / IMI Podcasts / CBI Agent Charged With Double Murder, Hungary Golden Visa to Open Early, El Salvador's "Out of Touch" $1m CIP: This Week in IMI - Dec 15

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CBI Agent Charged With Double Murder, Hungary Golden Visa to Open Early, El Salvador's "Out of Touch" $1m CIP: This Week in IMI - Dec 15 · IMI Podcasts

• 0:05
  SPEAKER_00: You're listening to This Week in Investment Migration.
• 0:09
  SPEAKER_00: A Grenada government minister this week surprised the CBI market when he announced that the country's citizenship by investment program had reopened its doors to all nationalities, including Russians.
• 0:21
  SPEAKER_00: The move would have marked the government's fourth shift in policy on the matter in under two years.
• 0:26
  SPEAKER_00: It swiftly became clear, however, that the minister had spoken out of turn.
• 0:31
  SPEAKER_00: He later retracted his statements and the CIU confirmed the minister had been mistaken.
• 0:37
  SPEAKER_00: Turkey continues to reform its citizenship by investment program.
• 0:41
  SPEAKER_00: Last week, it removed undeveloped land as a qualifying investment option.
• 0:46
  SPEAKER_00: Amid rumors of more program modifications and developments, including a potential increase in the minimum investment requirement to$600,000, Cyren Chen's article traces the recent history of changes to the Turkish CIP.
• 1:02
  SPEAKER_00: The 2024 CBI Transparency Index published this week reveals that CBI programs have become less, not more, transparent since the index was first introduced in 2022.
• 1:18
  SPEAKER_00: Only four out of eleven citizenship by investment programs are adequately transparent, and the gap between the top and the bottom is widening as some programs show improvements, while the laggards appear to have given up on transparency altogether.
• 1:35
  SPEAKER_00: El Salvador's new one million dollar citizenship by donation program is overpriced and unclear, writes Brian Greco in an opinion piece this week.
• 1:46
  SPEAKER_00: Questioning its competitiveness and viability in the global market, Greco, whose views are echoed by citizenship specialists Philippe May and Parviz Malacuti, points to three specific reasons the announcement falls short of expectations.
• 2:04
  SPEAKER_00: Hungary surprised the market by accelerating the launch of its new golden visa, the legislation for which is now set to take effect in January, ahead of the previously scheduled September start.
• 2:17
  SPEAKER_00: Applications for the program will open in July.
• 2:20
  SPEAKER_00: Detailed regulations governing the program, such as which types of property will qualify, are expected later this month.
• 2:29
  SPEAKER_00: In a startling development in the Caribbean, the proprietor of a Dominica CBI approved property, along with an alleged accomplice from Florida, has been charged with the double murder of neighboring resort owners from Quebec.
• 2:45
  SPEAKER_00: The motive for the murders, say prosecutors, may have been a dispute over an access road that crosses both properties.
• 2:52
  SPEAKER_00: The suspects will remain in custody until they're due in court in March, where they face a potential death penalty.
• 3:01
  SPEAKER_00: Thank you for listening.