In recent years, many countries signed an agreement with the United States, known as the Foreign Account Tax Compliance Act. This enables automatic reporting to the US tax authorities of financial data of any Americans with bank accounts in their territory, such as income from savings. These agreements inspired the OECD and the G20 to […]
The biggest issue presently in the U.S. EB-5 investment green card program is the long quota waiting list for Chinese national investors, who comprise over 85% of all investors in the EB-5 program. Because the waiting list may exceed 4 to 5 years before the investor can immigrate to the U.S., investors and their representatives […]
The annual number of relinquishments of U.S. Citizenship has grown exponentially in just the last few years. According to data published by the U.S. Department of the Treasury, in 2015, a total of 4,279 people relinquished their U.S. citizenship, 800 more than the previous year. In contrast, the number of renunciants was a few hundred […]
While the concept of residence planning for wealthy individuals is not new, the motives behind such considerations are continually evolving, particularly in Asia. There are various reasons why wealthy individuals may consider relocating. These reasons include quality of life, security, education and most notably tax planning. Traditionally, and amongst Europeans in particular, the only way […]
Immigration authorities in the Province of Quebec announced they will begin accepting new applications under its highly successful Quebec Immigrant Investor Program for a limited period beginning May 30th 2016 and ending February 28th 2017. This comes as welcome news for high net worth individuals looking for an attractive passive investment program offering Canadian permanent residence. The […]
Nadine Goldfoot considers the likely impact of Britain’s possible withdrawal from the European Union for High Net-Worth Individuals and investor migrants. The UK has long been among the world’s most appealing destinations for high net worth individuals (HNWIs) and their families looking to secure their personal and financial futures and ensure their continued prosperity for […]
The biggest issue presently in the U.S. EB-5 investment green card program is the long quota waiting list for Chinese national investors, who comprise over 85% of all investors in the EB-5 program. Because the waiting list may exceed 4 to 5 years before the investor can immigrate to the U.S., investors and their representatives […]
The Investment Migration Council (IMC), the worldwide association for Investor Immigration and Citizenship-by-Investment, head quartered in Geneva, has recently opened an office in Hong Kong represented by Mandeville & Associates. This ‘touch point’ serves to spread the reach of the IMC and its work throughout some of the key markets in the world. Mandeville & […]
In the last 10 days, I have met with no less than four people whose companies are relocating them to the United States. These people are being asked to relocate for periods of up to three years, with the possibility that the assignment could be extended further. There are a number of issues that arise […]
The U.S. EB-5 green card by investment program is on the verge of the most significant legislative changes in more than two decades. Established in 1990, the program has been virtually unchanged for more than two decades. The central focus of the program is job creation – the foreign national’s investment must create 10 jobs for […]
