2023 Global Migration Project Coupons Inventory, Keywords: Shutdown, Coup, Price Increase!

Mondo Technology Updated on 2024-01-31

2023 has quietly passed, and we have ushered in a brand new 2024. Throughout the last year, there have been many policy changes of all kinds. The investment threshold has been greatly raised, and projects have been closed, which has caught people off guard.

Next, we will take stock for you and review which countries have made adjustments to their immigration policies in 2023.

North America

U.S. EB-5 Immigrant InvestorsThe investment period has been shortened to 2 years.

On March 1, 2023, USCIS will officially begin charging an annual fee to each designated regional center to fund EB-5 Integrity** investigations into fraud and other immigration crimes.

On October 11, 2023, USCIS announced that the minimum investment period for the new EB-5 is 2 years, starting from the time the EB5 investment proceeds into the EB5 Limited Partnership (NCE) and is "at risk" as required by the regulations. EB-5 investment repayment is officially decoupled from the immigration application, and there is no need for a second investment in the future.

Quebec Immigrant Investor Immigration in CanadaReopening adds French language requirements.

In November 2023, the Quebec Ministry of Immigration, Frenchization and Integration (MIFI) said that the Quebec Immigrant Investor Program (PIIQ) would reopen on January 1, 2024.

The new policy requires an investment of 1 million Canadian dollars and the applicant must obtain at least 7 points in oral French, and must live for 6 months within 2 years.

St. Kitts Citizenship by Investment ProgramThe investment amount is doubled.

On July 28, 2023, St. Kitts officially announced that the minimum investment in its CIB citizenship program is $250,000, which is double the previous amount. In addition, this adjustment is implemented immediately, which means that there is no buffer period at all.

Grenada Citizenship by Investment ProgramConditions are more stringent.

On August 1, 2023, the Grenada Citizenship by Investment Commission issued Announcement No. 5 on the Grenada Citizenship by Investment Program.

As of September 1, 2023, mandatory interviews are required for all applicants over the age of 17.

Australia

Australian employer sponsors 482 to permanent residence

On November 25, 2023, the president of the Australian Immigration Association announced that the old policy of 482 visa to permanent residence will be reformed, and the list of occupations will no longer be restricted, and permanent residence can be transferred within two years.

Australian Business ImmigrationMerge with the Global Talent Program.

On December 11, 2023, the Commonwealth of Australia** unveiled its long-awaited migration strategy. It indicates that the Business Immigrant Investor Program (BIIP) and the Global Talent Program (GTI) will be merged into one category to launch a new generation, simpler and more straightforward Talent and Innovation Visa (Talent and Innovation Investment Visa).

The trend in this policy shows that Australia needs people, but it needs high-net-worth, high-skilled talent.

Europe

Portugal** VisaThe purchase channel is closed.

On 6 October 2023, the Parliament of the Portuguese Republic** officially published the new Law 56 2023, previously known as the More Housing Plan, with no buffer period and entered into force on 7 October. This means that the Portuguese ** visa purchase channel is officially closed.

Greece Buying Houses ImmigrationThe investment threshold has been doubled.

From August 1, 2023, the investment amount in some areas will increase to 500,000 euros, and only a single property can be investedThe rest of the region will keep the real estate investment amount of 250,000 euros unchanged, and the permanent residence in Greece will start with 250,000 and 500,000 euros in parallel.

Ireland Citizenship by Investment IIPShut down overnight.

On 14 February 2023, the Department of Justice of Ireland announced the closure of the IIP Residency by Investment Programme from the close of business hours on 15 February 2023.

Cyprus Permanent Residency ProgramRaise the bar.

On May 2, 2023, the Cyprus Immigrant Investor Permanent Residency Act was amended, stipulating that the minimum annual income threshold will be raised to 50,000 euros, parents cannot be dependent applicants, and stricter supporting documents will be filed.

Malta Permanent Residency ProgramThe application period will be shortened on September 15, 2023, and the investment must be completed and the identity paper must be obtained within 8 months after the approval in principle.

On November 28, 2023, the application form MPRPP1 can only be authenticated through the official system.

Hungary Citizenship by InvestmentThe New Deal is out.

On December 8, 2023, Hungary published the latest version of the General Rules for the Entry and Residence of Third-Country Nationals, which states that third-country nationals can obtain a residence card in the form of an "investor visit". The latest law will come into force on January 1, 2024.

There are three types of investment:

1. Invest at least 250,000 euros in real estate**.

2. Invest in the purchase of a residential property with a value of at least 500,000 euros.

Donate at least €1 million to higher education institutions maintained by charitable trusts** with a public service mission.

UK work permitRaise the bar.

On December 4, 2023, the United Kingdom** announced a series of new measures to significantly restrict immigration, including a significant increase in the minimum annual salary for a work visa (skilledworkervisa) to £38,700, restrictions on family companionship, and a reassessment of the graduate visa (without excluding cancellation or restrictions), aimed at reducing the number of net migrants, which is expected to be officially implemented next spring.

Asia

Macau, China Talent ProgramApplications are open.

On 18 May 2023, the Legislative Assembly of the Macao Special Administrative Region discussed and voted on the "Law on the Talent Introduction System", including the Top Talent Scheme, the Quality Talent Scheme and the Senior Professional Talent Scheme.

On December 3, 2023, the application period for senior professionals in the big health industry will close.

On December 31, 2023, the application period for high-paying skilled industry talents and senior professionals will close.

Hong Kong Talent SchemeExpand the scope of talent screening.

On 1 January 2023, the total score of QMAS will be increased to 245 points, of which 20 points will be awarded if you meet the requirements of at least 3 years of work experience in famous companies.

On May 1, 2023, the time for payment** e-visa and entry activation will be shortened to 3+3 months after the approval of the Hong Kong Talent Program.

On May 16, 2023, the list of talents was expanded to 51 items.

On 26 October 2023, three new Mainland accredited institutions under the TTPS were added.

Hong Kong Investment ImmigrationReopening.

On the afternoon of December 19, Hong Kong Secretary for Financial Services and the Treasury Christopher Hui Ching-yu announced the details of the "New Capital Investment Entrant Scheme", the application threshold for the New Capital Investment Entrant Scheme was raised to HK$30 million, and investable assets include financial assets such as ** bonds, non-residential real estate, etc. Applications are expected to be accepted from mid-2024 at the earliest.

Thailand Elite VisaPrices.

On June 16, 2023, Thailand** officially canceled the Elite Family Excursion (EFE) family card**. This adjustment also includes the application fee, which starts at about 200,000 baht.

On October 1, 2023, Thailand officially launched a new elite visa**. Reformulate application fees, benefits, privileges, etc. The four reformulated cards have increased by at least 50% compared to the previous ones. The original membership fee of 600,000-2.14 million baht has been increased to 90-5 million baht.

South Korea Deposit ImmigrationInvestment funds tripled overnight.

On June 29, 2023, the Ministry of Justice of South Korea issued an official document that from now on, the price of deposit immigration in South Korea will officially increase!

1. The standard amount of the general investment immigration system will be raised from 500 million won to 1.5 billion won

2. The benchmark amount of the high-value investment immigration system will be raised from KRW 1.5 billion to KRW 3 billion

3. Abolish the retirement investment immigration system (KRW 300 million model for those over 55 years old).

Singapore GIP Citizenship by InvestmentThe bar has been raised again.

On 2 March 2023, the Singapore Economic Development Board (EDB) announced the latest regulations to tighten the Global Investor Programme (GIP) and significantly increase the threshold for investment immigration. The new regulations came into effect on March 15.

Applicants need to invest at least S$10 million to set up a new business entity;or the Global Business Investor Programme with an investment of at least S$25 million, primarily in Singapore-based businesses**.

Family office in SingaporeThe investment amount is doubled.

On 5 July 2023, Singapore's family office announced that it would raise the threshold, doubling the investment amount to S$20 million in the first year.

Malaysia's second homeThe threshold is lowered.

On December 13, 2023, Malaysia's Ministry of Tourism, Arts and Culture (MOTAC) released a special version of the Second Home Scheme (MM2H), which lowered the minimum application age to 30 years old and the immigration supervision to 60 days, with a minimum threshold of only RM500,000 for a trial period of one year.

Turkish Citizenship ProgramThe minimum threshold could be raised to $600,000.

From January 1, 2023, Turkey** has imposed strict restrictions on the sale of second-hand properties in Turkey by foreigners and foreign companies.

In November 2023, the Turkish Immigration Service added a new requirement for criminal clearance.

On December 5, 2023, according to the local ** release in Turkey, the investment threshold for the purchase option in Turkish citizenship by investment will be raised from $400,000 to $600,000 from 2024.

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