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How to obtain Authorization for Iranian clients

Written by Arton Capital - Thursday, 02 February 2012 05:04

Ministry of Foreign Affairs and International Trade informed us today of the requirements to obtain an Authorization for Iranian clients affected by the recent Economic Sanctions (Special Economic Measures - Iran).

As the imposed sanctions on Iran restrict financial transactions, an Authorization is required in order to be able to transfer funds related to the Immigrant Investor Program, open a bank account, apply for mortgage or credit card or obtain other similar financial services.

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Damascus Visa Office is temporarily closed due to continuing violence in Syria

Written by Arton Capital - Tuesday, 31 January 2012 20:15

Services redistributed to Lebanon and Jordan

Due to the continuing violence in Syria, the Visa and Immigration Section at the Canadian Embassy in Damascus is closed and services have been transferred to neighbouring visa offices, Jason Kenney, Minister of Citizenship, Immigration and Multiculturalism announced today.

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MICC update: Continue treatment of Iranian files

Written by Arton Capital - Wednesday, 25 January 2012 05:31

Following Citizenship and Immigration Canada's release of Operational Bulletin 378, MICC has also issued a directive instructing agencies to continue treatment of Iranian files as per standard procedure.

Due to the recent economic sanctions, financial transactions with Iranian financial institutions are restricted, therefore clients may have to apply to the Ministry of Foreign Affairs for a permit in order to be able to make the required investment for the Immigrant Investor Program.

Arton Capital continues to review and submit Iranian files for the Quebec Immigrant Investor Program. For more information, please contact your Relationship Manager.

Documents for reference:

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Citizenship and Immigration Canada update: Sanctions against Iran

Written by Arton Capital - Friday, 20 January 2012 21:59

Citizenship and Immigration Canada (CIC) has issued Operational Bulletin 378 to clarify the extent to which the imposed sanctions on Iran will affect immigration applicants.

Issued Instructions:

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Doors are not (completely) closed for Iranian clients

Written by Arton Capital - Friday, 20 January 2012 12:00

Please read an article published this morning by the CBC related to the temporary suspension of Iranian files under the Immigrant Investor Program.

Although unconfirmed officially, clients who have their funds outside Iran may still be able to apply under the investor category. Furthermore, Iranians residing outside of Iran may also be able to apply. However, most likely funds held in banks in Iran may not be recognized and Canadian banks may not accept funds coming directly from Iran.

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Free entry in Bulgaria on Schengen visa

Written by Arton Capital - Thursday, 19 January 2012 03:40

The Ministry of Foreign Affairs and the Ministry of Interior are holding internal meetings to introduce the right of foreigners with valid Schengen visas to enter Bulgaria freely. The news was announced by the Foreign Minister Nikolay Mladenov on January 12. The move is expected to bring about increase in foreign direct investments and to boost tourism and business activity. Arton Capital will follow the development of the news and will announce when the new, preferential terms will become effective.

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New Quebec fees as of January 2012

Written by Arton Capital - Friday, 30 December 2011 00:53

From January 1st 2012, MICC is increasing the fees for Quebec applications as follows:

Main Applicant

  • Investors - CAD $4003 (up from $3899)
  • Entrepreneur - CAD $988 (up from $962)

Dependent

  • Investors - CAD $156 (up from $152)
  • Entrepreneur - CAD $156 (up from $152)

For more information, please consult the MICC website.

 

St.Kitts Citizenship-by-Investment Program website is now online

Written by Arton Capital - Sunday, 20 November 2011 02:52

Arton Capital's St Kitts Citizenship by Investment ProgramWe are happy to announce that our St.Kitts Citizenship-by-Investment Program website is now online and we invite you to visit in order to find out more about our exclusive offering, which is the Redeemable Preferred Share offer, or otherwise known as the St.Kitts Buy Back option.

www.INVEST-STKITTS.com


 

Leading World-Check consultant, Mr. Kenneth Rijock, joins Arton Capital

Written by Arton Capital - Tuesday, 04 October 2011 12:37

PRESS RELEASE

Leading World-Check consultant, Mr. Kenneth Rijock, joins Arton Capital.

Montreal, October 4, 2011 -- With the increasing number of immigrant investor application from the MENA region and the adjunct sensibility of governmental partners towards the background verification of investors, Arton Capital is happy to announce the appointment of Mr. Kenneth Rijock, who will be responsible for Risk Intelligence Identification and Prevention Procedures, for our background and financial due diligence products.

During his 6 years as a Financial Crime Consultant with World-Check, Mr. Rijock was also the author of the widely read column “From a Different Angle”, with over 13,000 readers, which undoubtedly helped the firm increase its client base. World-Check is now one of the leaders in the field of financial intelligence, trusted by more than 3800 institutions in over 160 countries, including 49 or the world’s top 50 banks.

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Ramadan Kareem

Written by Arton Capital - Tuesday, 02 August 2011 01:04

Arton Capital would like to wish all our Muslim partners and clients, their families, friends and associates a blessed Ramadan.

May this holy month bring you good tidings, with renewed happiness and prosperity.

Ramadan Kareem

 

Update: Special Economic Measures (Iran) Regulations

Written by Arton Capital - Wednesday, 11 January 2012 02:41

Update by Citizenship and Immigration Canada

On November 21, 2011 The Special Economic Measures (Iran) Regulations were amended to impose further economic sanctions against Iran "to add further impediments to Iran's nuclear proliferation activities, and to persuade Iran's leadership to resume negotiations with the international community with respect to its nuclear activities".

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MICC update on Iranian files

Written by Arton Capital - Friday, 23 December 2011 00:45

As previously announced, we were expecting this week for MICC to take its official position related to the Economic Sanctions imposed on Iran.

Yesterday, we were advised by MICC, that they will not be able to make an official decision before the holidays, and that they have taken precautionary measures not to cash application fees and not to process investor files from Iran, received after November 21, 2011, until further notice.

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MICC now accepts Narrative Documents in applicant’s language

Written by Arton Capital - Saturday, 22 October 2011 04:30

Ministère de l'Immigration et des Communautés culturelles (MICC) announced that applicants for the Quebec Immigrant Investor Program will have the option to present the Narrative Document in their own language, provided it is accompanied by a certified translation.

The updated List of Required Documents for the QCIIP is available on our website in English and French.

For more information, please contact your Relationship Manager.

 

No Quebec IIP Moratorium – confirmed by MICC

Written by Arton Capital - Thursday, 15 September 2011 17:59

At a meeting held yesterday between the financial intermediaries and MICC, it was confirmed that there will be no moratorium on the Quebec Immigrant Investor Program. This positive news ends weeks of rumours about a potential closure.

The Quebec government is in fact committed to adding more resources to be able to process an increased number of files with a target of processing 3 200 files in 2011 and 4200 in 2012. However, it was not confirmed to what extent this will be able to meet the growing demand of file applications, especially from BIQ Hong Kong, where deposited files have doubled in August alone, to approximately 700 files, with 470 opened so far. Overall from January to August, 2200 files have been received, of which, 1900 have been opened.

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Moody's upgrades Bulgaria's rating to Baa2

Written by Arton Capital - Friday, 22 July 2011 20:29

Moody's Investors Service today upgraded Bulgaria's government debt ratings to Baa2 from Baa3, reflecting its ongoing fiscal discipline and improving institutional strength as well as the financial system's relative resilience in a volatile regional environment. The rating outlook is stable. This rating action concludes Moody's review for possible upgrade that was announced on 5 April 2011. Moody's said today's upgrade of Bulgaria's government ratings was motivated by the following three factors:

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