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News

Antigua & Barbuda: Antigua to propose the creation of a CIP Regulatory Commission

Antigua and Barbuda said it will propose that Organization of Eastern Caribbean States (OECS) members create a Regulatory Commission in an effort to protect their lucrative Citizenship by Investment Programs (CIP).

CPI programs have been placed under the microscope by the United States, European Union and the United Kingdom as they seek to tackle human trafficking as well as clamp down on persons trying to dodge international sanctions. 

EU Parliamentarians recently voted to ask its Commission to formulate a strategy that would eventually see passport holders of Dominica, St Kitts and Nevis, Grenada, St Lucia and Antigua and Barbuda booted out of the Schengen program that allows visa-free stays in member states for tourism and business purposes for up to 90 days.

US legislators are looking at the “No Travel for Traffickers Act” which is designed to penalize countries that operate CBI programmes.

At the post-cabinet media briefing, Information Minister Melford Nicholas stated: “It will be a response to the issues that they have raised. And it will be to demonstrate over and above anything else of our intent to be compliant and sympathetic to issues that they may raise in terms of their own national security.”

The government is also looking to amend the CIP law of 2013 so the program will be known as The Residency and Citizenship by Investment Program.

It will be similar to a program currently operated by the US.

“We may not be able to change hearts and minds in the US congress, but we can diversify our own offering to ensure we are still attractive to investors and investment from other jurisdictions where they are precluded from obtaining citizenship abroad,” Nicholas said.

“So it is broadening the scope of our offering…that is the key behind this requirement looking to modify our program going forward to ensure that we can cushion the impact of any fall that will come from this threat…more from the Schengen countries rather than from the United States.”

Reference: Immigration Investment Council (IMC)

Categories
Portugal

Thinking of getting the Portugal Golden Visa ? Here is your Call to Action.

So you are thinking of applying for the Portugal Golden Visa but then, you do not know the probability of it being granted or you are looking to invest in a second Citizenship but knowing how uncertain immigration can be, you are just not sure which program to put your faith in. We tell you Portugal ! Why ? Well its a beautiful and welcoming city but most importantly they got numbers and an uncomplicated immigration system on their side. Even though they get a lesser amount of applicants, they definitely make sure this few get their money’s worth with no disappointments. Today we share with you some stats and the reassurance that you are just one step away of being granted this Visa alongside an amazing investment, Contacting My Global Citizenship.

The latest stats available are for January 2022. Even with the pandemic still on the roll, Investors are definitely not stopping with making use of this opportunity to live the European life in the beautiful Country of Portugal. I mean why wait for the pandemic to be over when you can do it right now before this amazing opportunity disappears ?. This just goes to show that the Portugal Golden visa is a must have amongst the high, wealthy and mighty.

Read Portugal Golden Visa getting cancelled. What this will mean for Indian Investors.

Also read Portugal is officially a millionaire hotspot !!

In January 2022;

  • 94 main applicants were granted the Golden Visa status by SEF with 105 family members accompanying the main applicants as dependents.

In terms of nationalities, the breakdown for the month of January was:

  • 19 Chinese
  • 17 United States Citizens
  • 8 Indians
  • 7 Russians
  • 6 Brazilians

If there is one thing we know about the Chinese, they never miss a good investment opportunity and if they are putting their money in something, it is definitely worth it. They are your sign to get a Portugal Golden Visa today. Even the United States citizens are team Portugal on this.

Read The Portugal Golden Visa: All you need to know in 2022.

In terms of investment type, the breakdown for the month of January was:

  • 75 applicants purchased real estate, 35 for €500,000+ properties and 40 for €350,000 renovated properties.
  • 19 applicants pursued capital transfer, 14 for Portuguese investment funds, 4 for capital transfer and 1 for reconstruction or refurbishment of the national heritage.

Portugal is a top second citizenship country due to how straight forward their Bureaucracy, requirements and terms are. You can never go wrong with trusting the Portugal government and their citizens to ensure a stress free transition to your new life. Contact My Global Citizenship today to get started.

Read Frequently Asked Questions on the Portugal Golden Visa

Categories
Immigration

How to relocate from India ?

There are various reasons as to why one would want to leave India even with it being a great country. Whether to find better education facilities, better welfare/amenities, investment opportunities or employment prospects, all your reasons are valid.

Moving abroad from India is not a new phenomenon anymore. With the advent of social media and more disposable income, more and more Indians have started moving to other countries in search of better opportunities, a better lifestyle, or just for the experience.

Also read Portugal is officially a millionaire hotspot !!

Considering moving abroad from India? Well, there are various options available for you to consider, but here are a few of the most common:

  1. Student Visa: Most individuals choose this option because it is the simplest means to go overseas, especially if you are still pursuing education and have good financial backing. It gets a little difficult after graduation because there are some limits on employment visas after studying but adjustments are being made to permit students stay abroad and search for jobs after graduation. Such adjustments have already been made in countries like the United Kingdom where International students can stay in the UK for up to 2 years after graduation on a new visa route to look for a desirable job. . So if you fall in the student group and plan on studying abroad, the United Kingdom is a top choice. Contact the best study abroad specialists we know, My Foreign Education today.

2. Work Visa: Another viable and less costly option is to find a job abroad and relocate on a work visa. This is viable and less costly because usually the company provides you with all required assistance and relocation funding except in few cases making it one of the most convenient ways to move abroad. This option is however highly competitive as you will be applying for these jobs along with other top international talents. We wish you luck in your abroad job search.

Also read Canada experiencing high job demand and shortage in labour market

3. Refugee or Asylum Visa: These visas are granted under very special humanitarian circumstances. If you are in an abusive situation, have threats to your life for religious or political reasons you can apply for these visa types in agreed countries and relocate if granted. You however will have to provide very sufficient proofs of the threats and dangers to your life in your home country. These visa types are most times not available at embassies and you have to already be in your desired country on another visa type or at the country’s border before you can apply in person at the designated centers.

4. Family Visa: If you have an immediate family member who is already living abroad, then this is another means to relocate abroad through their sponsorship. It is however the most tedious and bureaucratic visa type.

5. Spouse Visa: This is similar to a family visa except that you need to be married to someone who lives in the country you are hoping to relocate to.

6. Residency by Investment: A route for high-net-worth individuals to seek residency in a country of their choice by making financial investments in that country. This is one of the most straight forward means of relocating abroad. You can also contact My Global Citizenship for your Residency by Investment Guidance and application help.

7. Second Citizenship: Just like Residency by Investment, this is a means for high-net-worth individuals to acquire second citizenship in a country of their choice via immigration by investment programs and acquiring citizenship after a certain period of time. You can also contact My Global Citizenship for your Citizenship by Investment Guidance and application help.

Moving abroad from India can be difficult, but with proper planning and research, it can get less daunting which is why we recommend you get in touch with My Global Citizenship today for your tailor made immigration options that fit your needs and budget.

We hope this was helpful and good luck with whichever relocation type you decide to pursue!