Report: IM Yearbook 2019/2020
Media: Investment Migration Yearbook
Sector: Investment Migration
Publication Date: June 2019
The rapid expansion of the investment migration industry shows no sign of slowing down. Across the entire industry spectrum, every nook and cranny has been experiencing growth. New programmes have come online and even more in the offing, raising questions among industry commentators on their sustainability. Despite the question marks, the appeal to clients appears to continue unabated, along with the number of new entrants seeking to service the growing appetite for visa-free travel by the globally mobile. The exponential growth that the industry is enjoying has not gone unnoticed by major international institutions and standard-setting organisations such as the EU, the IMF and the OECD that are all expanding their interest and flexing their powers over the industry.
Report Content
Why Strategy is Everything
EB-5 has for many years been a runaway success. But with ever-increasing waiting times and long delays for some nationalities, defining the right strategy has become the most important exercise of the immigration process, says Edward Beshara, US Attorney at Law.
Regulated Consultants Keep Fraud at Bay
While Canada has long been self-regulating immigration consultants, the country is now on its way to giving the industry watchdog more power to investigate offenders and enforce regulation. Gerd Damitz, Past President of the Canadian Association of Professional Immigration Consultants (CAPIC), talks about Canada’s experience in self-regulation and explains why he believes that Canada can be a role model for others.
New Membership Structure for a Stronger Industry
Jacqueline Gauci of the Investment Migration Council (IMC) outlines the association’s new membership structure.
A New World of Possibilities
Growth and expansion continue to be the hallmarks of the investment migration industry, triggering a drive towards higher standards and a concerted effort to future-proof the industry.
Zooming in on the European Commission’s ill-Informed Analysis
The European Commission has no competence to regulate, and a rather poor understanding of citizenship matters and the investment migration industry, writes Dimitry Kochenov, Professor of EU Constitutional Law in Groningen, and Chairman of the IMC.
Too Big to be Ignored
Chinese nationals are among the top applicants for residence programmes across the world; yet, they are encountering more barriers than ever to realising their emigration plans. Larry Wang, President of Well Trend, talks about the deregulation of immigration consultants in China, the EB-5 backlog, and what Chinese clients really want.
Global Citizen Tax to Shift Industry Focus?
Armand Arton has long been calling for the introduction of a levy on investment migration programmes to source funding for humanitarian assistance and development projects that can help address the wider causes of migration. As the industry is reaching maturity, “we have the opportunity to do things right,” Arton writes.
What it takes to build an Efficient RCBI Programme
For the past four years, I have been reviewing most of the world’s business migration schemes. Every year I analysed and dissected 100 such programmes for our database and our reports. All that knowledge enabled us to understand trends in the industry, mechanisms behind the programmes, and which nationals are drawn to what programme.