Europe is cracking down on golden visas, but there are still plenty of popular destinations on the continent for the wealthy American looking to obtain citizenship through investment. Investment migration people in the news this week included: Juerg Steffen, Dominic Volek, and Tess Wilkinson of Henley & Partners.
St Kitts and Nevis St Kitts and Nevis bird's eye view Basseterre, March 08, 2024 (GLOBE NEWSWIRE) -- The Government of St Kitts and Nevis has been at the forefront of the citizenship by investment (CBI) trend in the Caribbean region. With a minimum investment of $150,000, investors can obtain citizenship and a passport in this tropical paradise.
Greece Golden Visa allows you to live in Greece and travel freely across Europe in exchange for a €250,000 investment in Greek real estate. This program has been popular among investors looking for a foothold in Europe.
Investment migration programs, which are offered by more than 80 countries, comprise both CBI and Residence by Investment (RBI) programs, which have been on the rise in recent years. These programs offer a pathway to citizenship or residency through investment in the country's economy.
This joint FATF-OECD report highlights how citizenship and residency by investment (CBI/RBI) programs can allow criminals more global mobility and help facilitate money laundering and illicit financial flows. Regulators are keeping a close eye on these programs to prevent abuse.
With the EU warning against citizenship by investment schemes, some Spanish politicians are looking to pull the plug on golden visas. There is a growing concern about the potential risks associated with these programs and their impact on national security.
They turned to a Citizenship by Investment program that allows applicants, after a cursory background check through an offshore consulting group, to obtain citizenship in as little as six months. This expedited process has attracted many high-net-worth individuals looking for alternative citizenship options.
More than 20 countries offer a formal citizenship by investment program, or CBI for short. They're offered by several small Caribbean countries, European nations, and even some Asian countries. These programs have become increasingly popular among wealthy individuals seeking to diversify their citizenship portfolio.
