Report: IM Yearbook 2019/2020
Media: Investment Migration Yearbook
Sector: Investment Migration
Publication Date: June 2019
Summary
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
We Need to Enter an Era of “Coopetition”
Successful industries thrive on having the culture and ability to compete vigorously but at the same time collaborate strategically - ‘coopetition’, and the investment migration sector is no exception, says Martin O’Connor, CEO of Kylin Prime Group.
Time for Renewal
America’s EB-5 Programme has been the most successful immigrant investor programme in the world. However, a series of short-term extensions and the constantly growing quota backlog mean its future remains uncertain. The IM Yearbook spoke to Bob Kraft, President of Invest in the USA (IIUSA), the industry trade association of the EB-5 Regional Centre Programme, about the way forward.
Taxing Times: Why the OECD Didn’t Get it Right
Zac Lucas talks about the Common Reporting Standards, the OECD’s blacklist and the need to bring immigration consultants into the regulatory fold.
Investment Migration: The New Normal
With 30 years of experience in financial services and as a former private banker, Juerg Steffen knows what effect regulation can have on the dynamics of a sector.
A Qualified Difference
The Investment Migration Council has established a global education and training division to facilitate and build courses that offer qualifications and training for those working in the ever-growing investment migration industry.
Putting our House in Order
The development of global standards for the investment migration industry needs to be an urgent priority for the sector. Long-term success will only be brought about if international institutions and civil society have confidence in the industry, writes Bruno L’ecuyer, Chief Executive of the Investment Migration Council.
The Big Picture Idea: Nation as a Service
Estonia’s e-Residency Programme is partly the brainchild of Kaspar Korjus, the former Head of the Programme. He talks about the programme’s start-up phase, major achievements and its future potential. He says that as more countries build digital services of their own, the idea of nation-as-a-service comes into sharper focus.
Expatland: The World’s Most Influential Country
Expats may account for just 3% of the world’s population, but they are changing the world and reshaping societies — and their dominance is growing as expats are expected to account for a larger share of the world’s population in the decades ahead, says John Marcarian.
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