The Toronto Star reports on “wealthy Chinese looking to buy their way abroad”
Published:
February 12, 2014 at 7:51am
(…)
The big disadvantage of the U.S. program from the standpoint of Chinese investors, said Du, is that their immigration status is contingent on the business succeeding. “If the business fails, you lose your green card too.”
A Canadian program that was wildly popular is no longer accepting applicants, but Australia is still taking in rich Chinese by the thousands for ever larger sums of money. The newest program offers residency for the purchase of $5.2 million in treasury bonds.
Last year, Chinese surpassed Britons as Australia’s largest source of permanent migrants, with 29,547 arriving.
(…)
25 Comments Comment
Leave a Comment
http://www.thestar.com/news/world/2012/11/18/wealthy_chinese_looking_to_buy_their_way_abroad.html#
And that’s (a) more expensive than the Malta programme, and (b) without the attraction of free movement in the EU. At the Australian rate, our population would double in 20 years.
Not more expensive as the bonds are owned by the individual, but a higher capital outlay certainly
Isn’t Assistant Commissioner Silvio Valletta the husband of PL temporary MP Justyne Caruana?
An other “Malta taghna lkoll” promotion.
Nope. That is a snake hissing in the nest.
On a lighter note …
http://www.theregister.co.uk/2014/02/12/viviane_reding_cottage_pie_nicked/
How sick is it that Labour’s become the mouthpiece of this perversion of globalisation.
Multinational corporations at least pretend to have some social relevance, now that they’re being denounced as complicit to workers’ exploitation and their products trapped in negative spiel, they’re turning back, with these fabled ‘subcontractors’ in tow.
How perfectly true to form is it that the same Muscat stoked xenophobic sentiment, in true extremist fashion, but will go to any length to provide refuge for the ones who speculated on poverty and absence of any universal right.
If Social Democrats denounce the unfettered movement of capital across the globe, Obama foremost, one can conclude, definitely and irrevocably, that Muscat belongs to a neo-con vision of the planet.
One is left stunned at this Labour’s polar opposite take on a world view, does he belong to the issa ahna jmiss creed, and is he taking it to a global level.
Baxxter pointed out where does Malta stand in its foreign policy, indeed, just one example, what does Muscat have to say to the talks between China and Taiwan, which side is he on?
What next, weapons and their components, or will it be cheap labour covering all aspects of China’s strategy to destroy any inkling of work, value, education and democracy in the west?
Or are we still expected to discuss afresh how wealth’s generated here, in 2014 Europe? Alfred Sant spoke last week, innuendoes to social models and snide questioning of market economy proven crucial in determining freedom and rights dusted once again.
What hasn’t been denounced in Malta yet, is the people’s republic vocation to control, make that distort, the free market and values theirein, using a subdued population.
We will form part of the plan. Only that way can Muscat perpetuate his power, and it’s not an ideological necessity, it’s pure finance. From plots to cash.
Isn’t it hypocritical that Muscat chooses to make use of Chinese capital to distribute wealth usurped from its creators slaving away in what can be described as Victorian conditions?
What Socialist is that? Indeed what does that make of Malta?
You touch upon a very sensitive point there, m’colleague.
The Maltese government ostensibly takes the issue of the “end user certificate” very seriously. There are legions of civil servants whose only job is to examine cargo manifests and import/export licences and check provenance and destination, and to cross-check this with Malta’s international obligations.
In reality, we let some things slip through. To give but one example, there are at least two PMCs (private military/security companies) registered in Malta. Both are run by French ex-military personnel.
We’re no longer so neutral, non-aligned and peace-seeking when we can make some extra cash using our status as a virtual tax haven, see?
So what happens if a Chinese factory sets up shop in Malta, producing electronic components? Nothing sinister, is there? But what if those components are then used in weapons systems, and those weapons systems are then used to kill those innocent civilians in Homs which Manduca keeps reminding us of?
You are right, my dear Jozef. We are a country that runs on the Law. What we need is policy. In this case, foreign policy.
This citizenship scheme is just the logical step from multinationals constantly under fire for washing their hands of what happens in the countries they emigrated to.
Capital has a face, make that a passport nowadays. Net worth individuals who’ll move from one place to the next to preserve their ‘capital’. Problem is, capitalism is based on generation of a closed circuit in legally defined parameters.
Socialism, only available in pastels nowadays, again mistakes cash for capital.
This latest iteration of digital globalistic nomadism will render, as it already is, whole continents simply peripherical to enclaves for the giga rich.
If one had to examine a sector to see what’s happening, boat building has slowly but steadily gone from 40+ footers to over 80 feet, to megayachts to craft fit for any Bond villain and onto things which resemble islands, palm trees and golf courses included.
Governments in their frenzy to ‘save’ jobs found it much easier to encourage clusters going after these artifical micro-states than get to work and see to it that commerce remain public. (Even because small craft require major infrastructure, Portomaso’s and the like, oh horror)
The latest hypercar, claimed to have 5,000bhp and a max of 500kmh, is made in some gulf state and has its LED headlamps studded in diamonds. I kid you not. Guess who thinks that’s cool.
Never was the connection between taste, democracy, materialism and work so meaningful in its absence. Style today is being overcome by plain, socially obsolescent oppression.
That Muscat endorse this infernal mechanism, he doesn’t care for the dignity that work brings, let alone any competitive spirit in what we can do, is absolutely dangerous.
He’s eating away at any individual aspiration to build, create, beat others at something legitimate, labour as life’s spice. I shudder to think he’s following Mintoff to the letter, incapable of any real investment in human resources, education, skills, you name it, he isn’t.
It’s not just citizenship he’s selling, he’s bailing out any wealth we’ve gathered for ourselves, imperfect it may be, stipends and parking problems to the fore, but what exactly is he telling a whole generation? Just wait for social benefits and pray the world remains as it is, as that’s the only way passports can be sold?
He’s killing the spirit of a people, already fragile and perturbed by an inferiority complex which has its roots in the false symbols and iconography pushed down their throats.
Jozef, I think I want my home designed by you. No, make that my international headquarters.
Muscat hasn’t realised as yet that in Malta, the majority of the population does not work in the rice fields.
Just as well. Could you imagine a Maltese traipsing to the edge of the paddy field for a jimmy?
They are all there to serve their globalist masters.
The PN is not nationalistic in the least and the PL has nothing to do with the labouring masses.
In fact they all do not bother to pretend now like they used to in the 1960s.
For example, a war hawk like Tony Blair had as much to do with the principles of the British Labour Party as the Duke of Wellington did.
It is all a game and the joke is on us.
One of those PMCs wouldn’t be called Lonestar, would it? It’s owned by Shiv Nair and shares an office address with the Azerbaijani philatelic union and Shiv Nair himself.
Rather quiet, aren’t they, these days?
http://daphnecaruanagalizia.com/2013/10/great-now-theres-a-link-between-malta-government-consultant-shiv-nair-and-the-supply-of-private-militiasmercenaries-operating-in-sub-saharan-africa/
Lonestar plc is the public procurement company of British Borneo Holdings, lately renamed British Borneo Holding.
http://www.bureausecuritas.com/pages/companyprofile/
The URL http://www.lonestarplc.com/ is inactive. It is registered in the name of Ian Smith on behalf of British Borneo Holdings
http://whois.net/whois/lonestarplc.com
Domain Name: LONESTARPLC.COM
Registrant Name: ian smith
Registrant Organization: British Borneo Holdings
Name Server: NS01.DOMAINCONTROL.COM
Name Server: NS02.DOMAINCONTROL.COM
Lonestar plc appears to have morphed into something else.
Premium Borneo Communications (a Nair company) says on its website that Mark L Zammit is a key facilitator in the operations of RAM Borneo Associates and is also Director of Lonestar Corporation (www.lonestarltd.com) and Bureau Securitas Ltd (www.bureausecuritas.com).
http://www.lonestarltd.com is inactive. The domain name is registered as follows:
Domain Name: LONESTARLTD.COM
Registrar URL: http://www.godaddy.com
Registrant Name: shiv shanker
Registrant Organization: Malta Holdings Ltd
Name Server: NS01.DOMAINCONTROL.COM
Name Server: NS02.DOMAINCONTROL.COM
(Malta Holdings Ltd lists a director by the name of Shiv Preyan Shanker at Flat 5 Richmond Park Towers St Julians, with identity number 093071554.)
Premium Borneo Communications’ website also says that Nair is a director of RAM-Borneo Ltd, a joint venture with International RAM Associates of the US, British Borneo Steam Ship Co., Eastern and Oriental Capital and British Borneo Petroleum Ltd.
http://opencorporates.com/companies/mt/C44202 says that Ram Borneo Associates is registered at 12/15 Strait Street Valletta as company number C 44202
The company registry of Malta Financial Services Authority lists company number C 44202 as Lonestar Holdings Limited, at 30A Palazzo Trigona, Victor Denaro Street, Msida MSD 1603.
The directors, shareholders, legal representatives and judicial representatives are given as Shiv Preyan Shanker (Valletta) with ID number 40711A and Peter Sullivan (Sliema) with ID number 604460M. The secretary is Rustam Ismailov (Msida) with ID number 48968A. The auditor is Lucienne Cini whose identity document number is given as 19837.
Lonestar Supplies and Logistics (PVT) Limited, a Nair company, is blacklisted by the World Bank. By no small coincidence, so is Shiv Nair.
Isn’t 135, Holland Park Avenue, London, the home address of someone connected to Edward de Bono of lateral thinking fame?
The Strait Street address is where one might a blacklisted World Bank consultant and avid stamp collector commissioned by Muscat as a special consultant.
http://daphnecaruanagalizia.com/2013/10/maltese-passports-for-the-stamp-collectors-of-georgia-and-azerbaijan/
Azerbaijan Philatelic Union
135, Holland Park Avenue,
London W11 4UT,
UK
Georgian Philatelists Union
Ambassador of Georgia to Azerbaijan,
Diplomatic Courier Service,
LONESTAR, 12/14 Strait Street,
Valletta,
Malta
135, Holland Park Avenue, London is the home address of Shiv Nair, Patricia Hills (aka Paddy Hills) and her husband Richard Hills (aka Dick Hills).
Shiv Nair has been linked to that address since 1996.
Activity emanating around all people at that address, and their associates, is suspect.
They are ruthless, destructive and have no conscience.
“The newest program offers residency for the purchase of $5.2 million in treasury bonds.”
The key word here is “residency.” Not even for an investment of $5.2 million do they get ‘Citizenship.’
I think neither the Australian ‘program’ or the US green card is at all comparable to ours.
Unless I am misunderstanding they only offer permanent residency and not citizenship. The big difference is that they do not gain any rights or advantages outside the host country.
Citizenship can be granted later but only after the person has been resident for years and is granted under the same conditions as for people who have become residents through means other than investment.
The Maltese ( PL actually) scheme of selling citizenship to outsiders is such a super bargain at the quoted prices that it worries the bejeezus out of the EU bigwigs.
Joseph Muscat knows this and is savouring every minute of it.
They pulled his chain in the past, now he gets to pull theirs.
In an unrelated vein, why does the government have to make such public declarations as the suspension of workers who have been allegedly involved in tampering with smart meters?
http://www.timesofmalta.com/articles/view/20140212/local/enemalta-suspends-five-more-people-in-smart-meters-scandal.506522#.UvvMS6VKWRI
Does anyone else find this strange? Is this another form of manipulation? Uncovering the sordid scandals that GonziPN allowed?
It seems to be more about weakening the PN than about catching fraudsters.
News such as workers caught fiddling with smart meters now attract my attention as to the hidden agenda of the news itself.
Is this news stating that smart readers are not smart enough against corruption? Do they need changing? Maybe a ‘Taghna Lkoll’ supplier could help investigate.
Other news which seems to have an ulterior agenda is that of a political history book being edited by Oliver Friggieri as part of this year’s circus of festivities. It will be distributed in schools highlighting the political history of our republic and independence events.
Probably here the intention is to consolidate our ideas of political history before 1998 and change those thereafter – a subtle means of propaganda targeting the general population, mainly the younger, and aimed at securing and establishing the premise that Nationalist governments did not do much for Malta after all.
That photo you once published of a seated Dr. Muscat looking at Dr. Gonzi with a certain look in his eyes comes to mind here.
With this premise established and unchallenged by the toothless media and so-called academics, Muscat will soon be held as the true new Salvatur who cleaned and saved Malta from the ‘others’.
Marketing and political propaganda in its worst incarnation. X’ biza.
I knew that Stephen Harper and his Conservatives were not going to let his Chinese handlers down.
http://www.cbc.ca/news/business/chris-alexander-says-canada-s-doors-still-open-to-rich-chinese-1.2537826