Most Popular
Read more
Posts
Month: <span>April 2023</span>
Read more
A study by the Canadian immigration agency CanadaCIS has identified Portugal as one of the ten easiest countries in the world to obtain citizenship.
Key Findings:
– Sweden tops the list as the easiest country for non-EU residents to gain citizenship, with an acceptance rate of 9.3%. Women have a slightly higher acceptance rate at 10.02%, compared to 8.66% for men.
– The Netherlands, Portugal, and Iceland** follow, making up the second to fifth positions. In these countries, more than 4% of applicants are granted citizenship.
Portugal’s Position:
– Portugal ranks fourth among 32 European countries for ease of acquiring citizenship, with a success rate of 6.6% for non-EU residents.
Public Opinion:
– Despite the study’s findings, some individuals, like Ann D from the USA, disagree. Ann shared her experience with The Portugal News, stating that despite being married to a Portuguese citizen for 16 years and having Portuguese-American children, she has struggled to obtain residency, let alone citizenship, despite multiple attempts.
Most Difficult Countries:
– Estonia is identified as the most challenging country for acquiring nationality, with an acceptance rate of just 0.6%. Men have a lower success rate of 0.58%, while women are slightly higher at 0.69%.
– Latvia, the Czech Republic, and Lithuania** also have low acceptance rates, all under 1%.
– Austria, Liechtenstein, Slovakia, Slovenia, and Germany** follow, each granting citizenship to less than 2% of applicants.
– Denmark is highlighted as the toughest country for citizenship acquisition, with a mere 2% acceptance rate.
These findings provide valuable insights into the varying ease of gaining citizenship across different European countries.
Golden Visas have emerged as a popular route for individuals aiming to establish residency in Europe. Contrary to common perception, these visas aren’t solely for the ultra-rich. Numerous European countries provide affordable investor residency programs, enabling individuals with modest financial resources to attain residency. This article delves into the seven most budget-friendly Golden Visas in Europe, offering insights into their advantages, limitations, and how they can facilitate the acquisition of dual citizenship.
Read more
At 5 p.m. EST June 17, the Consumer Financial Protection Bureau issued a statement that the effective date for the TILA-RESPA Integrated Disclosure (TRID) rules would be pushed back to Oct. 1, 2015.
CFPB Director Richard Cordray said in a prepared statement: “The CFPB will be issuing a proposed amendment to delay the effective date of the Know Before You Owe rule until Oct. 1, 2015. We made this decision to correct an administrative error that we just discovered in meeting the requirements under federal law, which would have delayed the effective date of the rule by two weeks. We further believe that the additional time included in the proposed effective date would better accommodate the interests of the many consumers and providers whose families will be busy with the transition to the new school year at that time.”
Rainier Title has been working towards the TRID implementation for over a year and felt prepared for August 1st. However, with the proposed delay we will be taking this opportunity to continue our education and training of TRID. While we believe that we have been proactive and ready for this change, there are still so many unknowns that will have to be addressed at the time of implementation. The industry should still prepare for 45-60 days for transaction to close due to the new timing parameters of the forms.
We’re working hard to be ready for all changes!
Most Popular
- United Kingdom: The Tier-1 Entrepreneur Visa requires setting up or managing a business in the UK, with prerequisites including English proficiency, access to at least £50,000 in investment capital, a valid passport, and a business plan. Initial applications can be made up to 3 months before travel, with the visa duration extending up to 3 years and 4 months, and eligibility for indefinite leave to remain after 5 years.
- Denmark: The Startup-Denmark visa necessitates approval of your business idea by a panel selected by the Danish Business Authority. Proof of adequate funding covering the first year in Denmark is required, with a minimum of 137,076 DKK for applicants without dependents.
- Sweden: To obtain a residence permit as a self-employed individual, applicants must demonstrate significant industry experience and previous business ownership. Proficiency in Swedish or English is mandatory, along with proof that goods or services will be sold or produced in Sweden, and funds equivalent to SEK 200,000.
- Ireland: The Startup Entrepreneur Programme supports migrants proposing high-potential startups in the innovation sector, requiring funding of €75,000 and the creation of 10 jobs in Ireland within 3 to 4 years, with €1 million in sales. Startups must be headquartered and controlled in Ireland, operating for under six years.
- Singapore: EntrePass applications mandate a valid passport, English employment testimonials, a business plan, and a $50,000 deposit in a Singaporean bank account.
- New Zealand: The Entrepreneur Work Visa necessitates a detailed business plan, proof of English proficiency, and a minimum investment of NZ$100,000.
- Australia: The Investors and Entrepreneur Visa includes Business Innovation and Investment and Business Talent visas, each requiring varying capital, English proficiency, and a business proposal.
- Germany: Entrepreneur visa applicants must submit a comprehensive business plan, financial concept (including profit and loss, capital requirements, and liquidity plans), health insurance details, and a CV.
- Italy: The Italia Startup Visa application can be direct or through a licensed incubator, requiring a business plan, passport copy, proof of financial resources, and €50,000 capital. The visa is renewable for up to 3 years.
- Chile: The Startup-Chile program offers a 6-month acceleration initiative with free workspace and a one-year work visa, targeting startups younger than 3 years with a fully committed core team and a validated product.
- France: The French Tech Ticket facilitates foreign entrepreneurs establishing startups in France, requiring teams of one to three founders, with no more than one French member, and a scalable, innovative business model.
- Thailand: The Smart Visa program supports entrepreneurs investing in new businesses, with a 4-year visa for talents, investors, executives, and startup members.
- Canada: Startup visa applicants need a qualifying business, a support letter from a designated organization, language proficiency, and proof of financial capacity.
- Spain: Entrepreneurs in Spain must establish either a Sociedad Anónima (S.A.) or Sociedad Limitada (S.L.), with varying minimum capital and shareholder requirements, alongside a business plan.
- Belgium: The Golden Visa program requires investment in a Belgian company, offering permanent residence and citizenship eligibility after five years, with investments typically ranging from €350,000 to €500,000.