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China’s push back on dual passports may derail investment immigration schemes

Global real estate investment flows could be disrupted if the authorities in mainland China were to crack down on the country’s booming trade in ­second passports.Tens of thousands of high-net-worth individuals in the mainland could be affected if authorities restricted the practice of buying property in a foreign country as a way of acquiring a second citizenship, experts said.The possibility of such action was highlighted earlier this month when Sun Xiang, a National People’s Congress… Source link

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Property 

Chinese investors turn to Cyprus property in search of sunshine and EU passports

Chinese investors are thronging the sunny shores of Cyprus in search of property and passports that will allow them to work, travel and live in the European Union.“Cyprus is a beautiful place that offers a very high quality of life, access to Europe and good real estate investment opportunities. One of the big drivers of foreign investment is the Cyprus Investment Programme, which is very popular with mainland Chinese,” said Carrie Law, chief executive and director of property portal Juwai.com… Source link

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Singapore 

Foreigners leaving Singapore no longer need passports stamped from April 22, Singapore News

SINGAPORE – Foreigners leaving Singapore will no longer need to have their passports stamped from next Monday (April 22). The Immigration and Checkpoints Authority (ICA) said on Wednesday that it would “cease the issuance of departure immigration endorsements”, meaning stamps of departure dates on travel documents, from April 22. This is part of ongoing efforts to streamline procedures at the checkpoints and make clearing departure immigration more efficient, it added. Since September 2016, foreign travellers whose fingerprints were enrolled via the BioScreen system upon their arrival into Singapore have been…

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Singapore 

Relief for Singapore couple whose passports weren’t stamped at JB checkpoint, Singapore News

SINGAPORE – What do you do when your passport is not stamped at immigration? This was a running thought for a Singaporean couple who went to Malaysia last Friday (April 5) and realised something was amiss after they had passed through the Johor Baru checkpoint on the way back. It led to them scrambling to cancel their next planned trip to Malaysia and search for a solution – they feared they would be detained upon re-entering the country because JB authorities had not stamped their passports. But respite came after…

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