49+ INVESTMENT PROGRAMS COMPARED 199 PASSPORTS INDEXED 5-PHASE ADVISORY METHODOLOGY MULTI-REGION ADVISORY NETWORK SOVEREIGN-GRADE DISCRETION
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INDOHILL PROGRAM WATCH

Every route can change. Know before it does.

A dated record of the closures, repricings, court rulings and deadlines that have reshaped investment migration, each tied to the program it affects. Last reviewed 4 October 2026.

EVENTS
31
CLOSED
9
DEADLINES
2
TYPE
  1. 15 OCTOBER 2026 Deadline Panama

    Qualified Investor visa: reduced real-estate threshold ends

    The reduced US$300,000 real-estate threshold has a published end date of 15 October 2026. Applications after that date face the higher threshold.

    Read more
  2. 15 SEPTEMBER 2026 Changed Latvia

    New Immigration Law ends the real-estate and bank routes

    The new Immigration Law, in force from 15 September 2026, ended the real-estate and subordinated bank-deposit investor routes. Business equity continues (from €50,000 plus a €10,000 state payment). A €150,000 route into a state-established alternative investment fund is written into the law but cannot be used until that fund exists, and citizens of Russia and Belarus are restricted from investor permits. Source: the Latvian immigration authority (PMLP), 15 September 2026.

    Read more
  3. 15 JULY 2026 Changed Jordan

    Citizenship by investment: criteria revised

    The Council of Ministers revised the criteria on 15 July 2026. The tracked job-creation route sits at JOD 500,000 outside Amman, with higher thresholds inside Amman.

    Read more
  4. 14 JULY 2026 Deadline Costa Rica

    Investor residence: sunset clause date

    Law 9996 carried a sunset clause scheduled for 14 July 2026. The date has passed. As of early October 2026 we found no confirmed extension, and secondary sources report the threshold reverting to about US$200,000; confirm with Costa Rican counsel before relying on the route.

    Read more
  5. 30 JUNE 2026 Closed Nauru

    Promotional "Iruwa Initiative" rate deadline

    A promotional US$90,000 rate applied to applications submitted before 30 June 2026. The standard US$105,000 contribution applies thereafter.

    Read more
  6. 28 APRIL 2026 New Paraguay

    Investor Pass takes effect

    Resolution 0283/2026 took effect on 28 April 2026, creating a new investor residence route with US$70,000 of committed capital.

    Read more
  7. APRIL 2026 New Maldives

    Pearl Residence launched (preliminary)

    Launched in April 2026 with a US$250,000 real-estate threshold. Final implementing regulations had not been published when we last researched the program.

    Read more
  8. 17 JANUARY 2026 Changed Montenegro

    New real-estate threshold

    A new €150,000 threshold for the real-estate residence route took effect on 17 January 2026.

    Read more
  9. JANUARY 2026 Closed Canada

    Federal Start-Up Visa paused to new applicants

    The program has been paused to new applicants since 1 January 2026. Quebec's separate Immigrant Investor Program remains open.

    Read more
  10. JANUARY 2026 Changed Saudi Arabia

    New Premium Residency legal framework

    New laws took effect in January 2026, including the real-estate route at SAR 4,000,000 plus a one-time government fee for permanent status.

    Read more
  11. JANUARY 2026 New São Tomé and Príncipe

    First citizenship passports issued

    The National Transformation Fund program, under Decree-Law 07/2025, issued its first passports in January 2026. Our newest-tracked citizenship program.

    Read more
  12. NOVEMBER 2025 Changed Bahrain

    Golden Residency threshold cut by 35%

    The qualifying real-estate threshold fell from BHD 200,000 to BHD 130,000 in late 2025.

    Read more
  13. JULY 2025 Changed Luxembourg

    Draft law would abolish the investor residence permit

    Draft Law No 8586, submitted to the Chamber of Deputies in July 2025, would delete the investor residence permit (Article 53bis) from the immigration law altogether. Reports say only a handful of permits were issued in the first eight years. We have not confirmed that the bill has passed; check its status before relying on the route.

    Read more
  14. MAY 2025 Changed Singapore

    GIP business-investment threshold confirmed at S$10,000,000

    Singapore EDB's May 2025 factsheet confirms S$10,000,000 for the business-investment route, a threefold step up from earlier published figures.

    Read more
  15. 29 APRIL 2025 Ruling Malta

    EU Court of Justice rules citizenship-by-investment scheme unlawful

    In Commission v Malta (Case C-181/23), the Grand Chamber held that granting nationality for predetermined payments is contrary to EU law. Malta's separate residence programme continues.

    Read more
  16. 3 APRIL 2025 Closed Spain

    Golden Visa abolished

    Organic Law 1/2025 abolished the entire program from 3 April 2025, across every investment category.

    Read more
  17. 13 JANUARY 2025 Changed Thailand

    Long-Term Resident visa criteria improved

    On 13 January 2025 the Cabinet approved changes to the Long-Term Resident visa, shifting the Wealthy Global Citizens category from an income test to an asset-based test requiring at least US$500,000 of stable assets and investment in Thailand.

    Read more
  18. DECEMBER 2024 Changed Hungary

    Direct real-estate route removed from the Guest Investor Program

    A December 2024 amendment removed the residential real-estate purchase option days before it was due to become available on 1 January 2025. The €250,000 real-estate fund route is the one we track.

    Read more
  19. 31 JULY 2024 Closed Australia

    Significant Investor Visa closed

    The Significant Investor Visa (subclass 188/188C) closed to new applications on 31 July 2024.

    Read more
  20. 1 JULY 2024 Changed Eastern Caribbean (OECS)

    Shared US$200,000 minimum floor takes effect

    St Kitts and Nevis, Dominica, Antigua and Barbuda, Grenada and St Lucia became bound by a common minimum contribution under an OECS Memorandum of Agreement.

    Read more
  21. 1 JULY 2024 New Hungary

    Guest Investor Program takes effect

    The Guest Investor Program, which offers ten-year residence on preferential terms, came into force on 1 July 2024.

    Read more
  22. 1 JANUARY 2024 New Canada (Quebec)

    Quebec Immigrant Investor Program reopens

    Reopened on 1 January 2024 after a suspension of more than four years, at CAD 1,200,000 plus a CAD 200,000 contribution.

    Read more
  23. 7 OCTOBER 2023 Changed Portugal

    Real-estate route removed from the Golden Visa

    The real-estate route was removed in October 2023, leaving a regulated fund investment of €500,000 as the capital-based path.

    Read more
  24. 14 JULY 2023 Changed Jersey

    Higher minimum tax for new High Value Residents

    For applicants from 14 July 2023 the minimum annual tax contribution is £250,000, about 47% higher than before. Residents approved earlier continued on their existing terms.

    Read more
  25. FEBRUARY 2023 Closed Ireland

    Immigrant Investor Programme closed

    Ireland closed the program in February 2023 after about €1.25 billion of investment over a decade.

    Read more
  26. 31 DECEMBER 2022 Closed Montenegro

    Citizenship-by-investment program closed

    The separate citizenship-by-investment program, open since 1 January 2019, closed on 31 December 2022 after repeated EU pressure. The real-estate residence route is a different program.

    Read more
  27. JUNE 2022 Changed Türkiye

    Real-estate threshold for citizenship raised to US$400,000

    The qualifying real-estate investment rose from US$250,000, set in 2018, to US$400,000 in June 2022.

    Read more
  28. MARCH 2022 Ruling Vanuatu

    EU suspends Schengen visa-free access for affected passports

    The European Commission found serious deficiencies in Vanuatu's investor-citizenship schemes and suspended visa-free access, later proposing to make the suspension permanent. The first action of its kind against such a program.

    Read more
  29. MARCH 2022 Closed Bulgaria

    Fast-track citizenship-by-investment ended

    Bulgaria ended its fast-track citizenship-by-investment route in March 2022 under EU pressure. The residence-by-investment program that followed is a separate route.

    Read more
  30. 17 FEBRUARY 2022 Closed United Kingdom

    Tier 1 (Investor) visa closed

    Closed to new applicants on 17 February 2022. The Innovator Founder route replaces it but has no fixed investment floor.

    Read more
  31. 1 NOVEMBER 2020 Closed Cyprus

    Citizenship-by-investment scheme cancelled

    The citizenship-by-investment scheme was cancelled from 1 November 2020; applications lodged by 31 October 2020 could proceed. Permanent residence under Regulation 6(2) is a separate route and continues.

    Read more
HOW WE USE THIS

Every entry is checked against government, court or official-factsheet sources where available, and the same facts feed the watch-outs in the Pathfinder and the dated notes on each program profile. This record is a reference for planning, not a guarantee of completeness, and rules change at short notice. If a change affects a file you are considering, tell us early. For how to plan around change, read program risk.