When global immigration policies are changing, what should you do?
Highlights
1. Increase in the price of the Portuguese Golden Visa
2. Montenegrin passport upward revision of contribution and closure of the passport
Montenegro is a relatively small country among immigrant countries, but the expectation that it will join the European Union by 2025 has attracted many investors.Montenegro Citizenship by Investment Programbegan official operations on January 1, 2019, for a period of three years and was due to expire on December 31, 2021, when the Montenegrin government made it clear that there would be no further extensions.
3. Price increase for Malaysia's second home program
4. Cancellation of the British Golden and Chief Representative visas
5. Increase in the United States Immigrant Investment Amount
6. Latvia's Golden Visa shutdown
7. Doubling the cost of immigration to Singapore
Although Singapore immigration is not easy, we can find its alternatives to fulfill the needs such asDominican Republic.. Dominica also meets the two core needs of high net worth individuals: education and taxation. Dominica's education system is modeled after that of the United Kingdom, so immigrants to Dominica can enjoy British-style education for their children and win at the starting line. In addition, Dominica has zero tax on overseas income, making it easier for naturalized individuals to do more complete tax and asset planning.
8. Closure of the Bulgarian naturalization project
Bulgaria is a member of the European Union, but compared with the strict approval conditions of other European countries, Bulgaria's immigration threshold is very low, so many people use Bulgaria as the best jumping-off point to get the EU status. The speed of the applicant to get the Bulgarian status is related to the amount of investment, the fastest can be 1 year naturalization.
In April 2022, the Minister of Justice Nadezhda Yordanova called for the abolition of the possibility of obtaining Bulgarian citizenship by investment, which was finally unanimously agreed upon by all lawmakers, and the Bulgarian citizenship-by-investment program has been officially shut down since then. The main reason for this is the same as in Latvia, which was affected by theEU bans golden visasThe pressure is on. Malta is currently the only EU country that retains fast-track citizenship, but the EU has explicitly asked it to shut down such programs by 2025.
9. Increase in the price of purchasing a home in Turkey
Turkey has always been known for its "low-threshold, high-quality" immigration programs, but on June 1, 2022, the Turkish Land Agency officially announced the rules for naturalization by investment, stipulating that since June 13, 2022, the threshold for naturalization by investment in the purchase of real estate has been raised from USD 250,000 to USD 400,000. Turkish Citizenship Law Enforcement Regulation underwent another major adjustment, stipulating the restrictions and conditions for foreigners purchasing property from Turkey, which came into effect on January 1, 2023: the owner of the property for sale may not be any foreigner or foreigner's company, or Turks and companies that have acquired their citizenship in a special way (including deposits and purchases of property); the property for sale may not be the property that was transferred to a Turk or a company by any foreigner within the last three years The property for sale must not be an immovable property transferred from any foreigner to a Turkish person or company within the last three years; and each immovable property can only be used for a single application for naturalization by a single person.
10. New Zealand original visa closure and new visa price increase
11. Introduction of e-passports and shortening of the naturalization period in Saint Lucia
St. Lucia is a Caribbean island and, like Dominica, is a member of the Commonwealth of Nations as well as the Commonwealth of Independent States.Eastern Caribbean Member States. Advantages of a St. Lucia passport include a low threshold, relatively lenient background checks, no diplomatic relations with China yet, and an EU white list. But according toChina Consular Services WebsiteAs a reminder, St. Lucia has seen an increase in burglaries and robberies in recent years, with occasional violent deaths and injuries.
12. The imminent doubling of the cost of a golden visa for Greece
13. Australia's 188C visa may be shut down
14. Implementation of the new immigration bill in Dominica
As Dominica continues to raise the bar for naturalization, enhance its strength and increase its diversity, it remains the number one fast-track naturalization program in the industry, according to one of the world's most authoritative immigration reports, PWM.First place in the nine-indicator composite scoreThe program has been ranked number one in the world for six consecutive years, ahead of Malta, Grenada, Cyprus, Turkey, Montenegro, Antigua and Barbuda, St. Kitts and St. Lucia.
15. Ireland's reassessment of the Immigrant Investor Program
16. Vanuatu's passport is no longer exempt from the Schengen area.
17. Indonesia launches second home program
18. Germany offers "opportunistic residency"
19. U.S. National Defense Authorization Act of 2023 Restrictions on E Visas
On December 15, 2022, the U.S. Congress passed the "National Defense Authorization Act for 2023" ("2023 NDAA"), which contained key changes to the eligibility for the E visa, and which added a new requirement for eligibility for this category of visas, namely that Applicants who have acquired citizenship of a Contracting State through an investment must have resided in the Contracting State for "at least three consecutive years" prior to applying for a visa.
The purpose of this provision is to restrict access to U.S. residency for individuals who join E visa contracting states, primarily Grenada, through the Citizenship by Investment Program. In the case of Grenada, for example, an individual from a non-contracting state can invest to obtainGrenadacitizenship, and then use their new Grenadian citizenship to apply for a U.S. E visa. For these individuals, the value of a Grenadian passport lies in obtaining a U.S. E2 visa, and as a result, some individuals who have already obtained Grenadian status through, or intend to obtain it through, the Citizenship by Investment Program, have recently found themselves disqualified from applying for an E1/E2 visa unless they can prove that they "Have resided continuously for at least three years prior to application".
Forbes: Overseas Residency Has Never Been More Important
The uncertain year of 2022 has finally passed, and as you can see from the above inventory, immigration policies in countries around the world are trending towards tightening or even shutting down, Forbes believes that second residency and second citizenship are more important now than at any point in the past, and while golden visas have been abolished in many countries, there are still a number of countries offeringdigital nomad visa, such as Dominica, Portugal, and Greece, some digital nomad visas can be applied for permanent residence upon expiration and are seen as one of the ways to optimize status.
You can't predict when a country's immigration program will change. There is a saying in immigration circles that "the best time to immigrate is always in the past and the second best time is now." For those who want to plan a second status for themselves and their families, it's time to act fast in 2023.
Extended Reading
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Dominica Citizenship Program
- The Dominica Citizenship Naturalization Program was established in 1993 A.D. and is one of the oldest naturalization programs in the world.
- passport immigrationApplicants are not required to attend an interview
- Immigration can be processed quickly: the time it takes is about 2-3 months.
- The most cost-effective program for single applicants
- The status can be passed on permanently to the next generation in the direct line.
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