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Cyprus’ Limassol is on the verge of boasting one of the most imposing skylines in Europe, and the tallest by far in the Mediterranean, on the back of financing from the country’s citizenship and residence by investment programs.

Non-EU nationals can qualify for Cypriot citizenship through a real estate investment of €2 million, while a €300,000 investment will suffice to obtain a residence permit, or a Golden Visa as it is also known. Since its beginning in 2013, the citizenship program alone had raised an estimated €4 billion by April this year, the vast majority of which took the form of luxury residential properties.

https://imidaily.com/editors-picks/citizenship-by-investment-is-turning-limassol-into-the-high-rise-capital-of-the-mediterranean/


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Europe’s most popular Golden Visa program, which has raised some €3.3 billion of FDI (€2.9bn of which in real estate investment) since its beginning in 2013, has launched a capital transfer option that will allow applicants to obtain a “Residence Permit for Investment Activity” (ARI) in exchange for a €350,000 investment in new or existing companies, or in investment funds, reports Fonseca Santos & Associates.

In a bid to diversify foreign investment in the country, which, under the Golden Visa program, has come overwhelmingly in the form of property investment, Portuguese lawmakers have introduced amendments they believe will help spur investment in both new and existing private sector companies.

According to Law 102/2017, which came into effect on November 26th, third-country nationals can qualify for Portugal’s Golden Visa under two separate capital transfer options:

  • The transfer of capital amounting to (euro) 350,000 or more, for the acquisition of units of investment funds or venture capital funds for the capitalization of companies, which are set up under Portuguese law, whose maturity at the time of the investment is at least five years and at least 60% of the value of the investments is carried out in commercial companies based in the national territory;
  • the transfer of capital amounting to € 350,000 or more, for the purpose of setting up a commercial company with its head office in Portugal, together with the creation of five permanent posts or to increase the share capital of a company with headquarters in the national territory, already established, with the creation or maintenance of jobs, with a minimum of five permanent, and for a minimum period of three years.


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The Government of Canada has invited 2,750 candidates in the federal Express Entry pool to apply for Canadian permanent residence in a draw that took place Dec. 6. The cut-off Comprehensive Ranking System score for this draw was 452.

The draw once again made use of the tie-break procedure that Immigration, Refugees and Citizenship Canada (IRCC) introduced in June. While some candidates with a score of 452 received Invitations To Apply (ITAs), the tie-break means that only those candidates with a CRS score of 452 who entered their profiles in the Express Entry pool prior to a specified date and time received an ITA. In this case, that time and date was November 16, 2017 at 04:20:20 UTC.

Today’s cut-off score of 452 is up 13 points over the previous draw, which took place on Nov. 15. This is likely due to the time that elapsed between the two draws, which allowed more candidates to enter the Express Entry pool, and the size of the draw.


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The design-led luxury hotel concept by sbe – , a privately-held, lifestyle hospitality company that develops, manages and operates award-winning hotels, residences, restaurants and nightclubs – features 299 rooms and suites and an award-winning collection of culinary masterpieces.

Guests also have access to Baha Mar’s beach and shared pools, the Caribbean’s largest casino, an 18-hole Jack Nicklaus Signature designed golf course, a spa, and a wide variety of restaurants and lounges.

“This is an exciting time for The Bahamas and our sbe team, as the international expansion of our SLS footprint is a huge step for the brand, along with the 11 additional SLS properties in the pipeline,” said Sam Nazarian, Founder and CEO of sbe”We are thrilled to open our doors at SLS Baha Mar…Through every detail, we are highlighting the beauty of the Bahamian culture and disrupting the way guests and travelers view lifestyle hospitality experiences. We are proud to be part of the incredible Baha Mar integrated resort destination and are humbled by the warm welcome we have received from The Bahamas community.”



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As Grenada looks forward to strong projected growth for the 2017/18 cruise season, tourism officials are particularly enthusiastic about the luxury brands coming to the destination.

Earlier this month, Grenada welcomed two inaugural luxury cruise ship calls, from the Viking Sea and MS Europa 2.

Viking Cruises is a luxury brand that was for the second consecutive year, named the #1 Ocean Cruise Line by Travel + Leisure readers in the World’s Best Awards 2017. The Viking Sea, which made its inaugural call on November 2, has a passenger capacity of 930 and crew capacity of 550.



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Minister of Transport and Mining Mike Henry says international shipping is a major plank of the Government’s strategic economic programme, capitalizing on potential mega investments associated with the global logistics hub initiative and bolstered by the expanded Panama Canal.

He says Jamaica considers the development and growth of the maritime sector a major feature of Vision 2030, which is the national development plan.

The sector, Henry said, is essential in growing the economy while providing employment through a range of professional services, building on the success facilitated by substantial investments in world-class ports in cruise and transshipment; global distribution through the logistics hub; a dynamic and diverse Caribbean Maritime University (CMU); and an effective marine administration with a small but quality ship registry.



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