At that point, citizenship is no longer a consideration (give that it’s probably 15 years out). So for me the question is how expensive/cumbersome is it to transition to a permanent GV. Does that make sense?
I have no problem pulling my investment and moving on. Fortunately, I got lucky and it’s up about 20%.
I wonder what would happen to those funds if a large number of investors withdrew their investments. Their rate of return would likely drop significantly.
A well managed fund should still do ok, even with a net loss of assets. Especially one that invests stocks and bonds that can be bought and sold efficiently, and one which does not depend on GV investors for the bulk of its investable assets.
I wrote the president, and also got an email from our attorney this morning saying they expect the nationality law to be approved tomorrow and to enter into force the next day. They are going to submit our nationality application earlier than the 5 years (we’re less than a month away from it being 5 years), I think as sort of a hail Mary pass to keep us in the game.
They also mentioned (for the first time) a possible lawsuit to “protect your legitimate expectations, since you applied under different legal conditions that are now changing with this new law.”
This is surprising Jim. I don’t know why but I was fully expecting the President to have some issues with the bill and refer it to the TC. To hear that your attorney expects it to become law by Wednesday has made my !
President has some time to chew it over, yes… 20 days after receiving the decree from the Assembly to either promulgate a law (sign it into effect) or refer it to the Constitutional Court for a review.
I know the AD got this debate deemed ‘urgent’, but not sure if the resulting legislation will also be declared so. For urgent decrees, those 20 are shortened to 8 days