Confederation Partners

CUpdate:  Jan. 22, 2021

Key Points
CSUV:      Benefits of Angel Investor stream
CSUV:      Possible changes in 2021

Bulgaria:  Re-Introducing the Fast-Track Citizenship Program

PEIPNP:   Price reduction
PEIPNP:   Lowest EOI draw score to date: 80

St Lucia:   COVID-19 Relief Bond extended to Dec.31, 2021

Confederation has had an overwhelming response to its launch of CSUV, and has set the gold standard for the Start-Up Visa Program in Canada.  The CSUV program is extremely popular, as it is a fast, simple and straight-forward route direct to Permanent Residence,  which allows the applicant to live anywhere in Canada.  Confederation  will manage the complete process, including business concept and IRCC  matters.  This is truly a great opportunity for your clients.

The benefits of the CSUV - Angel Stream are as follows:

• Seamless  processing, and no direct communication between the Angel group and the  client (Confederation handles all communications);
• Fast  processing, with Letters of Support issued within 2 months (100%  success rate on Letter of Support issuance for qualified Confederation  clients);
• Confederation organizes client investor groups and business concepts;
• Expanded qualifications on age and other factors; and
• Our Angel partner has a 100% success rate with IRCC, and has received PR issuance for all of its clients.

Changes are possible in the CSUV in 2021, such as increased investment amounts and defined job creation.  We strongly  recommend that all prospective clients apply right away, to be locked-in  under the current IRCC requirements.

Confederation  has reduced its processing fee by $5,000, bringing the new PEIPNP price  to $60,000 (Confederation's processing fee of $50,000, plus the $10,000  PEI Government application fee).  This new pricing applies to all  clients who sign a Professional Services Agreement and transfer a  deposit after Dec.1/20.

The PEI Government draws Work Permit clients from the EOI pool each month.  In the draw of Jan. 21, 2021, Entrepreneur candidates with scores of 80 and above were invited to apply.  This new, lowest-ever score makes PEIPNP a very attractive and viable option for many clients.  Please click here to see the schedule of 2021 draw dates.

Due  to COVID-related travel bans, and a mandatory 2 week isolation period  for anyone entering Canada, the PEI Government is conducting virtual/remote interviews and landing appointments temporarily.  Please click here to apply for travel entry to PEI.

The  PEIPNP allows an applicant family to move to PEI on a Work Permit, and  run a local business for 1 year before applying for permanent residence  status.

The  NSNP allows an applicant family to move to NS on a Work Permit, and run  a local business for 1 year before applying for nomination and  permanent residence status.  The NS Government draws Work Permit clients  from the EOI pool, and invites those clients to apply.

The  Bulgaria Government has just re-introduced the Fast-Track Citizenship  Program.  This promises to be the most popular European citizenship  program available today!

The Bulgaria program allows clients to  invest in Bulgaria-listed stocks and obtain lifelong permanent residency  in just 4-6 months.  Confederation offers a very attractive option to  finance the purchase of stocks for 6 years.  After holding PR status for  1 year, the client may apply for Fast-Track citizenship (or apply for  citizenship after 5 years, under the standard program).  PR allows the  applicant and family to work/live/study in Bulgaria, and citizenship  allows visa-free travel to 142 countries (including Canada and Europe).   All nationalities are welcome to apply.

Program materials will be available soon.

The  Portugal Golden Visa Program requires applicants to purchase and hold  property in Portugal for at least 5 years: EUR 500,000 (new/urban), EUR  400,000 (new/rural), EUR 350,000 (refurbished/urban), or EUR 280,000  (refurbished/rural).  The Golden Visa allows the applicant and family to  reside, work, and attend school in Portugal, and apply for citizenship  after 5 years of residency (1 week of residency per year).  The program  has no nationality restrictions, and fast government processing.

Key features:

• 11 units available at USD $998,675 ($900,000 investment, plus fees)
• Job creation requirement has already been met/exceeded
• Construction will be completed in 2020
• Phase II investors' capital will replace 8% of developer's equity; no minimum EB-5 raise required
• Applicant will receive a full refund after 5 years, plus 2% interest ($USD $990,000), so the applicant's net cost is just $8,675

Under  EB5, there is no language requirement, no age limit, and no management  experience requirement.  Applicants must have a net worth of minimum $1  million USD, and be able to document the source and path of funds for  the investment and fees.  Refused Quebec and Canadian investor cases are  welcome to apply to EB5.

The  new COVID-19 Relief Bond allows applicants to invest in a Government  bond for USD $250,000 (expiry dates vary by family size, from 5-7  years).  This is a 50% reduction in the regular bond investment level,  and is available until Dec.31/21.
Citizens of Saint Lucia may travel visa-free to the European Union, Hong Kong, and the U.K.  Government processing times are approximately  4 months, and the program offers both cash and real estate investment  options.  Iranians citizens are no longer able to apply (regardless of  their current country of residence), due to problems conducting due  diligence checks, and banking restrictions.

Siblings  may now be included as dependents in the application if they are  unmarried.  The minimum age for dependent parents/grandparents has  decreased to 55 years, and the maximum age of dependent children has  increased to 30.

An Antigua passport allows visa-free travel to  many countries worldwide, including the U.K., the European Union, and  Hong Kong.  Iranians are eligible to apply as long as they have  permanent residence status in any non-restricted country, have resided  outside Iran for at least 10 years, and maintain no economic ties to  Iran.

Grenada  is the only Caribbean country that allows citizenship to be passed  along to investors’ future spouses and children.  There is no residency,  language, education, or interview requirement, and both cash and real  estate investment options are available.  Due to banking restrictions,  citizens of Iran are not eligible to apply.

The  USA E-2 visa allows entrepreneurs from a treaty country (such as  Grenada) to come to the USA to open and operate a business.  It does not  lead directly to permanent residency, but rather can be extended  indefinitely, and may provide applicants with options to obtain a green  card while on E-2 status.  The E-2 visa allows a spouse and unmarried  children (under age 21) to enter the USA with the principal applicant,  and to work or attend school.

Citizens  of Dominica may travel visa-free to all the countries of the European  Union, Hong Kong, and the U.K.  Dominica is a fast, efficient program,  and offers both cash and real estate investment options.  An  Iranian national could apply if he/she provided a detailed source of  funds showing that the funds were earned in another country (and funds  must be transferred from that other country). 

The  Government has introduced a limited time offer for the Sustainable  Growth Fund:  a family of maximum 4 people can invest USD $150,000 (down  from USD $195,000).  This offer is valid until Jan. 15, 2021, and  available to a limited number of applicants.

Siblings  may now be included as dependents in the application if they are 30  years of age or younger, childless, unmarried, and financially dependent  on the principal applicant.  This is not retroactive; it applies  to new/future files only.

St.  Kitts’ citizens may travel visa-free to all countries of the European  Union, Hong Kong, and the U.K.  The St. Kitts program offers both real  estate and cash investment options, and there is no residency, language,  or interview requirement.  The program is now stating a 60-day  processing time frame.  Citizens of Afghanistan, Iran, and North Korea  are not eligible to apply.

Confederation  has been approved to promote the PEI International Student Program.   This program will allow secondary school students to obtain a Study  Permit to attend school in PEI.  All applicants must have a minimum  level of English proficiency (written and spoken).
 

Please  check up-to-date travel advisories and restrictions, and advise all  clients to only travel when it is absolutely necessary.  

Canada Canada  has imposed travel restrictions on people entering the country, and  Canadian Border Services will assess the health of everyone upon arrival  in Canada.  Note that each province has its own travel restrictions, so while someone may be allowed to enter Canada, they may not be able to travel to their destination province.  Anyone who travels internationally is subject to a mandatory 14-day  self-isolation period upon entering Canada, even if they show no  symptoms.  All travellers age 5 and over must now show a negative Covid test result before boarding a flight to Canada (the test must be taken within the last 72 hours).
People who have received Work Permits, Permanent Resident Visas, etc., are encouraged NOT to travel at this time, unless it is essential.  Travelling solely to activate a visa is NOT considered an essential reason to travel. Rather, people are encouraged to attend landing appointments by phone, and to extend their visas until it is safe to travel.

The below websites provide further details:
https://www.canada.ca/en/immigration-refugees-citizenship/services/coronavirus-special-measures.html
https://travel.gc.ca/travel-covid/travel-restrictions/flying

USA
Citizens  returning to the USA will need to self-isolate for 14 days upon entry.   Further travel information may be found on the below websites:
https://www.cdc.gov/coronavirus/2019-ncov/travelers/from-other-countries.html
https://travel.state.gov/content/travel/en/traveladvisories/ea/covid-19-information.html

European Union
The  EU is implementing a phased re-opening.  Travel restrictions vary, so  please check your destination country carefully before booking travel.
https://ec.europa.eu/info/live-work-travel-eu/health/coronavirus-response/travel-and-transportation_en

Confederation's offices are open and  we are conducting business as usual.  We will contact you directly  should one of your clients be impacted by the travel restrictions or by  Government office closures.

Mr. Dang Quang (Frank) Le
Confederation Partners
38A Nguyen Thi Dieu
Ward 6, District 3
Ho Chi Minh City, Vietnam

mobile: +84 97 844 1710
frank@confederationpartners.com

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