accustomed to a fast pace
OECD tightens banking checks for investment citizenship and residence permit participants
On November 20, the Organization of Economic Cooperation and Development (OECD) published a list of countries whose investment citizenship or residency programs it considers risky. The OECD recommends that banks carefully check clients who received a passport or residence permit under these programs, in particular, documents confirming the physical presence of investors in a particular country. This applies not only to new customers, but also to owners of particularly large accounts, which hold amounts from 1 million euros. Continue reading
Green building: fashionable and profitable
In October 2017, Saudi Arabia presented an ambitious project of a “smart” and environmentally friendly city on the Red Sea coast “Neom”. According to the authors, the city will receive energy only from renewable sources, and transport and the entire life support system will be exclusively “green”. So far, the megaproject, which is estimated at $ 500 billion, exists on paper, but it reflects the overall focus of the sector on environmental friendliness and energy efficiency. Continue reading
Real estate market in Jordan: foreigners inflate prices
At the end of February 2018, Jordan approved a program for obtaining citizenship for investing in the country’s economy and an additional scenario – issuing a permanent residence permit in exchange for the purchase of real estate worth $ 282,000. Although only 500 applicants per year can receive citizenship or a residence permit in Jordan hopes that the new investment program stimulates the inflow of foreign capital. Will the new measure affect the local real estate market? Continue reading
