The UAE has approved a new long-term visa system aimed at attracting international investors and high-skilled professional workers. In a major announcement, the UAE cabinet also approved 100% foreign ownership of companies in the country, which has previously been limited to those companies based in freezones. The ten-year visa will be made available to investors in […]
The Board of Directors of Invest in the USA (IIUSA) announced on Thursday, May 17 the departure of Peter Joseph as Executive Director of IIUSA – the national trade association for the EB-5 Regional Center Program. Mr. Joseph said, “I am proud of the 10 plus years I have spent serving the EB-5 industry during […]
If, as many say, Brexit represents a risk to Britain trade and access to the customs union, then no-one has told the world’s wealthy, who have never been so keen to come to this country and capitalise on its financial infrastructure. In the third quarter of last year the Home Office issued 114 […]
Citizenship by Investment (CBI) and Residence by Investment programmes (RBI) remain popular for many reasons including visa-free travel, opportunity and stability. However, as the number of countries offering citizenship or residence programmes in exchange for investment continues to rise, so does the scrutiny placed on those programmes, with particular interest placed on the source […]
In early 2018, the OECD raised concerns about whether Residence by Investment (RBI)/Citizenship by Investment (CBI) programs are being used to circumvent the goals of the Common Reporting Standard. In other words: Do RBI/CBI programs somehow allow people to improperly escape or obfuscate identifying their country or countries of ‘tax residency’? This OECD […]
Artificial Intelligence’s impact on the banking industry has prompted discussions about how immigrant investor industry stakeholders can use Artificial Intelligence (AI) to drive efficiency and sustainability. AI-enabled solutions support modern Know Your Customer (KYC) practices, resulting in better risk analysis and assessment of potential new applicants AI involves training computers to perform cognitive […]
Historically, seeking permanent residency (Green Cards) in the United States has not been the first choice for High Net Worth Individuals (HNWIs) from Russia for a multitude of reasons. Taxation on world-wide income – which all US residents are subject to – was the main deterrent. Another obstacle was the distance between the two […]
An individual may decide to change residence or acquire a second citizenship for a variety of reasons. These may range from wanting a better education for their children to wishing to boost travel opportunities. It may quite simply be the natural desire to secure a more stable living environment for their family. Whatever the […]
An IMF mission visited St. Lucia during April 23-May 4, 2018, for the annual Article IV consultation discussions on economic developments and macroeconomic policies. At the end of the discussions, the mission issued the following statement: “Favorable external conditions and a mild fiscal stimulus sustained growth in 2017. The outlook remains benign, but is subject to […]
A Bahrain court on Tuesday revoked the citizenship of 115 people at a mass terrorism trial, the most to lose their nationality at any one time, amid a yearslong crackdown on all dissent in the island kingdom. Bahrain’s Sunni-rule government increasingly has wielded denaturalization as a hammer to beat back dissent on the Shiite-majority island […]
