Victoria has taken the lead in adjusting the Business Innovation and Investment Program (subclass 188) and will implement it on July 22, 2019.
New subclasses 491, 494 and 191 to replace existing 489 and 187 in November 2019 and November 2022 respectively. The Migration Amendment (New Skilled Regional Visas) Regulations 2019 (the Regulations) amend the Migration Regulations 1994 (the Migration Regulations) to introduce three new visas to assist regional Australia (designated regional areas) and make related amendments. At the commencement of the new regional provisional visas, it is intended that the designated regional areas, to be identified in a legislative instrument, will include all of Australia except for Sydney, Melbourne, Perth, Brisbane and the Gold Coast.
The Cyprus Investment Programme is viewed as the quickest way to obtain the EU passport by taking around 6 months. The methods of obtaining Cyprus Visa mainly divided into "Cyprus Citizenship Program" and "Cyprus Permanent Residence Program". The amendments for the programme will be effective on 15th May 2019 which mainly focus on Cyprus Citizenship Program. It makes the application more restrictive and costly.
The BC Provincial Nominee Program (BCPNP) Entrepreneur Immigration - Regional Pilot, was launched in mid-March and was piloted for 2 years. This program allows applicants to start or run a new business in smaller communities of British Columbia with a lower investment amount. The communities must be less than 75,000 people and located more than 30 km from a larger city. The enrolled communities include Cariboo, Kootenay, Mainland/Southwest, Nechako, North Coast, Northeast, Thompson-Okanagan, Vancouver Island/Coast.
The North of England leads the way for property investment. With Manchester, Liverpool and Birmingham leading the way for capital growth and rental income potential. Higher returns achievable due to the attractive price points, which are lower than the UK average. Allowing for strong capital appreciation, stamp duty fees and higher rental yields.
Dubai is the largest and most popular city in the United Arab Emirates (UAE). On the southeast coast of the Persian Gulf, it is the capital of the Emirate of Dubai, one of the seven emirates that make up the country.
Australian Prime Minister Scott Morrison recently announced that the migration ceiling of skill and family streams will be reduced from 190,000 to 160,000 places in the next four years. In addition, South Australia and Western Australia's Goldfields region with the City of Kalgoorlie-Boulder signed the five-years Designated Area Migration Agreement (DAMA).
At the "Global Immigration Summit" held earlier this month, many participants began to be interested in immigrating to Europe. In the past, we encountered many applicants who originally planned to immigrate to Australia, Canada, the United Kingdom and the United States. However, they were not capable of applying for the visa because of personal reasons such as they can't fulfill the residence requirement, unable to provide the source of fund, plan to immigrate with elderly parents, etc. Therefore, they chose the European countries which are lower thresholds than the mainstream countries.
The UK Government has proposed fundamental changes to the Tier 1 visa category through a Statement of Changes released on 7 March 2019. The proposed changes are scheduled to take effect on March 29, 2019. Applications under the existing Tier 1 (Graduate Entrepreneur) route can be made until July 5, 2019.
The "Global Immigration Summit 2019" hosted by John Hu Migration Consulting was held last Saturday (March 2) and ended successfully. Nearly 300 people attended the event on the same day. It is a great honour to invite a group of professional consultants from Australia, Canada, the United States, the United Kingdom and the European Union to share the latest information on immigration, taxation and property.