How does the EB-5 program work?
A foreign investor can get a residence permit (green card) for an investment of $ 900 thousand in a new commercial project in the United States. Together with the investor, the residence permit will be issued to his family members: spouses and children under the age of 21 who are not married.
The EB-5 program was introduced by Congress in 1990 to stimulate the US economy: attracted investment creates jobs for US citizens. Continue reading
Russians became the second among foreigners in the number of residence permits in Spain received for investment
The share of Russians in the Golden visa program in Spain is close to 25 %. Russian citizens in terms of the number of residence permits received for investment are second only to the Chinese, writes Investment Migration Insider.
The Spanish residence permit program for investment in 2019 broke the record for the number of main applicants. According to the Spanish labor Ministry, the number of investors rose to 1,422 last year. While in 2018, 1,188 main applicants received the “Golden visa”. Continue reading
The stamp duty surcharge will begin to be collected from April 2021. This decision may lead to a temporary surge in the activity of foreign investors in the country’s market, writes Mansion Global.
The Chancellor of the exchequer of the United Kingdom, Rishi Sunak, announced that from April 2021, an additional stamp duty of 2% will be introduced for foreign buyers of real estate.
Despite the fact that the amount of the fee was less than expected, the new tax may be an unfortunate step for the local real estate market, which has just begun to recover. Continue reading