From 2021, Portugal’s popular residency by investment programme, which offers an affordable route to Portuguese citizenship and EU membership and which has seen a record number of applications in 2020, will change its conditions, allowing applicants to invest in real estate only outside of Porto, Lisbon and the popular Algarve region.
The youngest citizenship by investment programme, Montenegro’s CIP, which has seen a 142% surge this year, has recently extended its portfolio of approved development projects to offer economic citizens 11 investment options, with everything from a 5* hotel room in a popular ski resort to a luxury residence in the Med’s best marina.
Following Saint Kitts & Nevis' recent announcement that it will reopen for tourism on October 31, the Caribbean island, which boasts the world's most established CBI Programme, has outlined the entry and travel requirements of its phased reopening and listed the hotels and resorts that are open.
With the aim of reassuring tourists, residents and potential citizens as to Caribbean island Dominica's safety, the Discover Dominica Authority has unveiled a Safe in Nature campaign, providing managed experiences within a travel bubble that comprises everything from accommodation and transport to spas, restaurants and activities.
While applications for Dominica’s Citizenship by Investment programme have slowed during Covid, there's been no slowdown in the construction of the island's CBI-approved developments – eco resorts and hotels – all of which have continued construction at pace despite the pandemic.
Following media criticism of Cyprus' Citizenship by Investment programme and a subsequent investigation exposing political abuse, the Cypriot government has today announced that it will suspend its highly successful Citizenship by Investment programme, taking effect from November 1.
Grenada Prime Minister, Dr. the Right Honourable Keith Mitchell, says he is impressed with the progress of work on the Kimpton Kawana Bay project.
During a recent tour of the project site, Dr. Mitchell, accompanied by Parliamentary Representative for the area, Honourable Nickolas Steele, witnessed the start of work on the construction of the fourth and final building. The project is expected to be completed in 2021, with the official opening likely to take place in 2022.
Last month, in response to the unfortunate and complicated situation in Hong Kong, Bulgaria’s Immigrant Investor Programme (BGIIP) unit announced that it is offering complementary real estate to Hong Kong citizens who wish to acquire Bulgarian economic citizenship.
Of the nearly 7 million (6.9 million) houses purchased in Turkey in the last five years, 154,871 were bought by foreign investors, demonstrating a rapid increase in foreign property purchase in Turkey in the last year due to the easing of minimum requirements for acquiring Turkish citizenship by investment.