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NKIC Newsletter

NKIC Global Migration and Citizenship Programs Overview

September 5, 2014 nkic

NKIC Global Migration and Citizenship Programs Overview Chart

Please Contact Us for more information on this program.

 

NKIC Newsletter - September 2014
NKIC Newsletter

Introducing the 3S Group

September 5, 2014 nkic

Located in Dubai, UAE, the 3S Group provides a range of Corporate, Management and General Trading Services in the UAE and GCC region. We specialize in Business setup solutions, Company Formation and Management, Investment advisory, Legal Services and HR Solutions. Setting up a business is an integral decision and we help our clients to take the right decision at the right time. With our assistance and professional service we help our clients save their time, effort and money.

Business Setup Services

The 3S Group provides all kinds of business setup services and Trade Licenses in Dubai, the UAE, and throughout the GCC region – Industrial, Commercial and Professional Licenses:

  • All types of Company Formations
  • Reliable Local Partners
  • Recruitment Services
  • Legal Services
  • Image Development
  • Market Consultancy
  • Budget Planning
  • General Trading
  • Furnished Office Spaces
  • Incubation Centre

From the initial inquiry and consultation to the final stage, we are confident of being able to identify the client’s needs and deliver the requirements in the sim-plest, quickest and most effective way.

Please Contact Us for more information on this program.

NKIC Newsletter - September 2014
NKIC Newsletter

Antigua and Barbuda Investment for Citizenship Program

September 5, 2014 nkic

Proposed Changes and the National Development Fund – Limited Time Offer

The National Development Fund requires that the candidate makes a monetary contribution in the amount of two hundred and fifty thousand US dollars (US$250,000). However, with the limited time offer candidates are only required to make a monetary contribution in the amount of two hundred thousand US dollars (US$200,000). The Contribution has been reduced by fifty thousand US dollars (US$50,000). This limited time offer has been extended until April 2015.

The fees for the limited time offer will be fifty thousand US dollars (US$50,000) for the main applicant and for its dependents as follows:

  • Children under 18 years old: free*
  • Children over the age of 18: US$50,000
  • Parents over the age of 65: US$50,000.
  • Spouse: US$50,000USD

*A reduction of US$25,000

Residency Requirement

The residency period in Antigua and Barbuda has decreased from 35 days within 5 years of receiving your passport to 5 days within 5 years of receiving your passport.

Please Contact Us for more information on this program.

NKIC Newsletter - September 2014
NKIC Newsletter

Cyprus Fast Track Citizenship Program

September 5, 2014 nkic

Confederation Partners is pleased to announce its new Cyprus Fast Track Citizenship Program.  This program grants applicants Cyprus citizenship in approximately 90 days.

Cyprus has been a member of the European Union since 2004.  It offers a high quality of life, including modern medical facilities, shopping, good infrastructure, natural beauty, a warm climate, and many English private schools and universities.  This program is known for its simplicity and the short time frame in which citizenship is issued.

To qualify, applicants must meet the following criteria:

  1. Possess a valid passport.
  2. Purchase a personal residence in Cyprus for minimum EUR 500,000 (plus applicable VAT).
  3. Hold a fixed term deposit, of minimum EUR 5,000,000, for 3 years in a Cyprus bank.
  4. Pass a security background check.
  5. Pay approximately EUR 90,000 in Processing fees and charges

The advantages of this program are as follows:

  1. Each applicant, his/her spouse, and dependents, have the right to reside, work, and attend school throughout the European Union.
  2. Cyprus does not collect tax on worldwide income.
  3. No management experience requirement.
  4. No language requirement.
  5. No education requirement.
  6. Net worth and source of funds must be declared, but not proven in detail.
  7. Confederation provides convenient financing for the bank deposit.

Please Contact Us for more information on this program.

NKIC Newsletter - September 2014
NKIC Newsletter

Canada’s New Express Entry Immigration System

September 5, 2014 nkic

Under the New express entry system, applicants will be able to submit an ‘expression of interest’ to the Canadian government; their resume and details will be entered into a database. Employers seeking foreign skilled workers will have access to such information on the database, allowing them to select suitable candidates.

If a Canadian employer cannot find Canadians to do the job after a labour market impact assessment, they can go online to the Citizenship and Immigration Canada (CIC) database of applicants and look for the likes of welders, project managers etc in India or anywhere in the world and make a job offer. “Those with job offers will get priority when it comes to invitation to apply for permanent residence in Canada,” the minister explained.

In 2013, over 33,000 Indians immigrated to Canada, of whom 55% were in the economic and business categories; the rest were in the family reunification category (which allows other members to join the family that already has citizenship).

Clarity Awaited

Immigration experts for their part are waiting for more clarity and for the mo-ment are unsure about how the new system will play out. “One of the posi-tives under the system is shorter pro-cessing time. What is uncertain, howev-er, is how applicants will be selected and if they remove the ‘first come, first-served’ approach completely; I forecast backlogs and many applicants waiting in the pool with uncertainty,” says Divya Bakshi Arya, an immigration lawyer with offices in Vancouver and Delhi.

But for Indian applicants holding senior management positions, with several years of experience in various fields and international exposure, immigration to Canada may just be getting faster. “Of course, these applicants will have to be highly proficient in English and/or French language and younger applicants will be given preference as evident in the past selection grid for economic immigration,” adds Arya.

Not everyone, though, is happy about the changeover since, once the new system kicks in, those candidates who are not chosen after their profiles have been on the database for some time will be removed from the database. The idea behind the scheme, according to CIC, is to “allow the government to select the best candidates who are most likely to succeed in Canada rather than those who happen to be first in line”.

“The expression of interest concept could be misused to screen out certain ethnic/religious groups. It is not yet clear how CIC intends to operate this concept. For employers in Canada, the fact that potential immigrants have no Canadian experience is likely to be a problem when giving them job offers,” says Tim Leahy, a Toronto-based lawyer. He adds that if CIC officials were to make the selection of candidates, the system would be flawed because they don’t have the HR skills required to assess skills and knowledge of the potential immigrants.

Back home, the Canadian Immigrant Integration Program (CIIP) is all geared up to provide pre-departure support once the new system kicks in. “Our ser-vices will continue to be vital,” says Michel Doiron, field manager of CIIP in Delhi. “Principal applicants with jobs will continue to require details on current and reliable labour-market, job retention and job-search. Besides, information on cultural competency, cultural adaptation, workplace soft-skills and labour-rights are also important.” CIIP also connects immigrants with its partner organizations in various provinces, pre-departure, to help them with specific settlement needs.

Please Contact Us for more information on this program.

NKIC Newsletter - September 2014

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