Category: News

  • Qatar Becomes First Gulf State to Offer Expats Permanent Residency

    In a first for the countries of the Gulf Cooperation Council (GCC), the state of Qatar is to offer permanent residency to a limited number of expats each year, it was announced today.

    The move, announced by Emir Sheikh Tamim bin Hamad Al Thani and passed by decree, allows up to 100 expats per year the prospect of gaining not only permanent residency, but also full access to the state’s generous social security.

    As the world’s largest exporter of natural gas, Qatar has for decades extended these benefits solely to its own citizens. Yet the need to encourage foreign workers to remain has become ever more pressing given the ongoing boycott of Qatar by neighbouring Saudi Arabia, Bahrain and the UAE and also Egypt.

    The move, which has long been seen as controversial, will nonetheless only affect a tiny percentage of the foreign workers in Qatar, a country where expats form 90% of the 2.7 million populace.

    Resident expats born in Qatar must have lived in the country continuously for 10 years. Those born abroad will need proof of 20 years’ residency. Some understanding of basic Arabic will also be required.

     

    Source: internationalinvestment.net

  • TPC Prepares Elite Cards for Cave Heros

    Thailand Privilege Card Co (TPC), the operator of Thailand Elite Card, is set to offer 105 Elite cards to honour the foreign rescuers of the stranded football team in Tham Luang Cave two months ago.

    TPC has unveiled a new category of card called Elite Friends of Thailand specifically to reward the rescuers. The granting ceremony is scheduled to take place in Bangkok on Sept 6.

    The recipients must meet the TPC’s membership criteria and requirements. For example, they must be foreign nationals and be screened by law enforcement.

    “Initially, 105 Elite Friends of Thailand cards, valued at 16 million baht, are being prepared for delivery. TPC is waiting for confirmation of the names being reviewed by the Foreign Affairs Ministry,” said Yuthasak Supasorn, chairman of TPC and governor of Tourism Authority of Thailand, the major shareholder of TPC.

    The new card will be valid for five years with benefits including Privilege Entry Visa, limousine service from Suvarnabhumi airport up to 10 times per year, Elite Personal Assistance at Suvarnabhumi for arrival and departure, and exclusive arrival and departure lounge access.

    TPC yesterday revealed 10-month performance between Oct 1, 2017 and July 31, 2018, showing a total revenue of 790 million baht, a 66.4% increase from 475 million baht from 10 months earlier.

    Although rising sales and membership fees helped improve operations, the company still suffered cumulative operation losses of about 700 million baht in the 10-month period. The loss was lowered than the over 1 billion baht reported for the entirety of last year.

    TPC does not plan to increase benefits as the existing privileges already satisfy the overall demands of members. However, it will prioritise in expanding the number of alliance service providers with hopes of providing more efficient services to cardholders.

    Mr Yuthasak said that cardholders are long-stay expatriates who contribute significantly to the economy through high levels of spending especially in renting real estate, purchasing condominiums, and using business-related services from TPC’s alliances, which are all together considered a kind of investment and expenditure within the country.

    After 15 years in operation, TPC has 6,192 members, of which 2,452 are founding members.

    The top 10 nationalities of cardholders are China, Britain, Japan, the US, France, Australia, Bangladesh, Russia, Germany and Switzerland, respectively.

    In the fiscal year 2018 (October 2017-July 2018), there was a significant rise to 1,310 members, 27% growth year-on-year.

    The largest group of new members are from China (29%), followed by Japan (8.3%), Britain (6.3%), France (6%), the US (5.4%) and other territories (45%). China and Japan are fast-growing markets with a large number of young business people coming into Thailand.

    The top three best-selling card categories are Elite Easy Access, which costs 500,000 for solo travellers with five-year validity; Elite Superior Extension, which costs 1 million baht and is valid for 20 years; and the Elite Family Excursion, which costs 800,000 baht and is valid for eight years for short-stay visitors and families.

    Source: bangkokpost.com

  • Former IIP Executive Sets up ‘booking.com’ for Passport Hunters

    The former chief officer for risk and compliance of Malta’s citizenship-by-investment programme has exited the agency to start an innovative online platform for the multi-millionaires seeking a second passport.

    Yakof Agius is an IT and risk specialist who spent the bulk of his career with HSBC Malta, before joining Henley & Partners as managing partner and head of human resources at the start of the IIP in 2014, and then spending a year with the Malta IIP Agency as chief office risk and compliance up until 2018.

    Agius passed through the revolving door by devising an online platform that will compare the providers of citizenship-by-investment programmes.

    His CiviQuo platform is billed to be a disruptive force that will create a level-playing field among service providers, by bringing together the largest selection of citizenship programmes, agents and intermediaries.

    Clients will be able to search and compare programme features and costs, agents’ fees and ratings. CiviQuo will be asking the agents that feature on the website to disclose the professional fee they will be charging – a tiered subscription starts from €7,000 per annum. “This is done so that clients know upfront exactly how much everything will cost,” the firm says. “CiviQuo will take care of the lead generation and conversion, similar to what booking.com does for the travel industry.”

    Source: maltatoday.com.mt

  • U.S. is Denying Passports to Americans Along the Border, Throwing their Citizenship into Question

     On paper, he’s a devoted U.S. citizen.

    His official American birth certificate shows he was delivered by a midwife in Brownsville, at the southern tip of Texas. He spent his life wearing American uniforms: three years as a private in the Army, then as a cadet in the Border Patrol and now as a state prison guard.

    But when Juan, 40, applied to renew his U.S. passport this year, the government’s response floored him. In a letter, the State Department said it didn’t believe he was an American citizen.

    As he would later learn, Juan is one of a growing number of people whose official birth records show they were born in the United States but who are now being denied passports — their citizenship suddenly thrown into question. The Trump administration is accusing hundreds, and possibly thousands, of Hispanics along the border of using fraudulent birth certificates since they were babies, and it is undertaking a widespread crackdown.

    In a statement, the State Department said that it “has not changed policy or practice regarding the adjudication of passport applications,” adding that “the U.S.-Mexico border region happens to be an area of the country where there has been a significant incidence of citizenship fraud.”

    But cases identified by The Washington Post and interviews with immigration attorneys suggest a dramatic shift in both passport issuance and immigration enforcement.

    In some cases, passport applicants with official U.S. birth certificates are being jailed in immigration detention centers and entered into deportation proceedings. In others, they are stuck in Mexico, their passports suddenly revoked when they tried to reenter the United States. As the Trump administration attempts to reduce both legal and illegal immigration, the government’s treatment of passport applicants in South Texas shows how U.S. citizens are increasingly being swept up by immigration enforcement agencies.

    Juan said he was infuriated by the government’s response. “I served my country. I fought for my country,” he said, speaking on the condition that his last name not be used so that he wouldn’t be targeted by immigration enforcement.

    The government alleges that from the 1950s through the 1990s, some midwives and physicians along the Texas-Mexico border provided U.S. birth certificates to babies who were actually born in Mexico. In a series of federal court cases in the 1990s, several birth attendants admitted to providing fraudulent documents.

    Based on those suspicions, the State Department during the George W. Bush and Barack Obama administrations denied passports to people who were delivered by midwives in Texas’s Rio Grande Valley. The use of midwives is a long-standing tradition in the region, in part because of the cost of hospital care.

    The same midwives who provided fraudulent birth certificates also delivered thousands of babies legally in the United States. It has proved nearly impossible to distinguish between legitimate and illegitimate documents, all of them officially issued by the state of Texas decades ago.

    A 2009 government settlement in a case litigated by the American Civil Liberties Union seemed to have mostly put an end to the passport denials. Attorneys reported that the number of denials declined during the rest of the Obama administration, and the government settled promptly when people filed complaints after being denied passports.

    But under President Trump, the passport denials and revocations appear to be surging, becoming part of a broader interrogation into the citizenship of people who have lived, voted and worked in the United States for their entire lives.

    “We’re seeing these kind of cases skyrocketing,” said Jennifer Correro, an attorney in Houston who is defending dozens of people who have been denied passports.

    In its statement, the State Department said that applicants “who have birth certificates filed by a midwife or other birth attendant suspected of having engaged in fraudulent activities, as well as applicants who have both a U.S. and foreign birth certificate, are asked to provide additional documentation establishing they were born in the United States.”

    “Individuals who are unable to demonstrate that they were born in the United States are denied issuance of a passport,” the statement said.

    When Juan, the former soldier, received a letter from the State Department telling him it wasn’t convinced that he was a U.S. citizen, it requested a range of obscure documents — evidence of his mother’s prenatal care, his baptismal certificate, rental agreements from when he was a baby.

    He managed to find some of those documents but weeks later received another denial. In a letter, the government said the information “did not establish your birth in the United States.”

    “I thought to myself, you know, I’m going to have to seek legal help,” said Juan, who earns $13 an hour as a prison guard and expects to pay several thousand dollars in legal fees.

    In a case last August, a 35-year-old Texas man with a U.S. passport was interrogated while crossing back into Texas from Mexico with his son at the ­McAllen-Hidalgo-Reynosa International Bridge, connecting Reynosa, Mexico, to McAllen, Tex.

    His passport was taken from him, and Customs and Border Protection agents told him to admit that he was born in Mexico, according to documents later filed in federal court. He refused and was sent to the Los Fresnos Detention Center and entered into deportation proceedings.

    He was released three days later, but the government scheduled a deportation hearing for him in 2019. His passport, which had been issued in 2008, was revoked.

    Attorneys say these cases, where the government’s doubts about an official birth certificate lead to immigration detention, are increasingly common. “I’ve had probably 20 people who have been sent to the detention center — U.S. citizens,” said Jaime Diez, an attorney in Brownsville.

    Diez represents dozens of U.S. citizens who were denied their passports or had their passports suddenly revoked. Among them are soldiers and Border Patrol agents. In some cases, Immigration and Customs Enforcement agents have arrived at his clients’ homes without notice and taken passports away.

    The State Department says that even though it may deny someone a passport, that does not necessarily mean that the individual will be deported. But it leaves them in a legal limbo, with one arm of the U.S. government claiming they are not an American and the prospect that immigration agents could follow up on their case.

    It’s difficult to know where the crackdown fits into the Trump administration’s broader efforts to reduce legal and illegal immigration. Over the past year, it has thrown legal permanent residents out of the military and formed a denaturalization task force that tries to identify people who might have lied on decades-old citizenship applications.

    Now, the administration appears to be taking aim at a broad group of Americans along the stretch of the border where Trump has promised to build his wall, where he directed the deployment of National Guardsmen, and where the majority of cases in which children were separated from their parents during the administration’s “zero tolerance” policy occurred.

    The State Department would not say how many passports it has denied to people along the border because of concerns about fraudulent birth certificates. The government has also refused to provide a list of midwives whom it considers to be suspicious.

    Lawyers along the border say that it isn’t just those delivered by midwives who are being denied.

    Babies delivered by Jorge Treviño, one of the regions most well-known gynecologists, are also being denied. When he died in 2015, the McAllen Monitor wrote in his obituary that Treviño had delivered 15,000 babies.

    It’s unclear why babies delivered by Treviño are being targeted, and the State Department did not comment on individual birth attendants. Diez, the attorney, said the government has an affidavit from an unnamed Mexican doctor who said that Treviño’s office provided at least one fraudulent birth certificate for a child born in Mexico.

    One of the midwives who was accused of providing fraudulent birth certificates in the 1990s admitted in an interview that in two cases, she accepted money to provide fake documents. She said she helped deliver 600 babies in South Texas, many of them now being denied passports. Those birth certificates were issued by the state of Texas, with the midwife’s name listed under “birth attendant.”

    “I know that they are suffering now, but it’s out of my control,” she said, speaking on the condition of anonymity because of the sensitivity of her admission.

    For those who have received passport denials from the government, it affects not only their travel plans but their sense of identity as Americans.

    One woman who has been denied, named Betty, said she had tried to get a passport to visit her grandfather as he was dying in Mexico. She went to a passport office in Houston, where government officials denied her request and questioned whether she had been born in the United States.

    “You’re getting questioned on something so fundamentally you,” said Betty, who spoke on the condition her last name not be used because of concerns about immigration enforcement.

    The denials are happening at a time when Trump has been lobbying for stricter federal voter identification rules, which would presumably affect the same people who are now being denied passports — almost all of them Hispanic, living in a heavily Democratic sliver of Texas.

    “That’s where it gets scary,” Diez said.

    For now, passport applicants who are able to afford the legal costs are suing the federal government over their passport denials. Typically, the applicants eventually win those cases, after government attorneys raise a series of sometimes bizarre questions about their birth.

    “For a while, we had attorneys asking the same question: ‘Do you remember when you were born?’ ” Diez said. “I had to promise my clients that it wasn’t a trick question.”

    Source: washingtonpost.com

  • Migration Statistics Quarterly Report: August 2018

    A summary of the latest official long-term international migration statistics for the UK for the year ending March 2018, published by Office for National Statistics (ONS). Data from the Home Office and the Department for Work and Pensions (DWP) are also included.

     

    Download Report here

     

    Source: ons.gov.uk

  • Kofi Annan Leaves ‘Powerful’ Legacy at Macalester College

    The president of St. Paul’s Macalester College said former United Nations Secretary-General Kofi Annan leaves a “powerful” legacy at the school.

    Annan, who died Saturday at age 80, was born in Ghana and finished his undergraduate work in economics at Macalester, graduating in 1961. From there he went to Geneva, where he began his graduate studies in international affairs and launched his U.N. career.

    During his celebrated diplomatic career, Annan returned to the college several times — most recently in May, when Macalester dedicated the Kofi Annan Institute for Global Citizenship on campus.

    Speaking with MPR News on Saturday, Macalester President Brian Rosenberg said Annan was “the most famous and most visible embodiment of the mission of the college. We’re a place that focuses a lot on global citizenship, and on service, and on peace, and Kofi has always been for us a symbol of that, and a motivating factor for everyone on campus. …

    “He is someone who believed that everyone, regardless of nationality or race or economic class, was entitled to basic human rights. Over the course of his life and over the course of his career, he really became an embodiment of the fight for human rights, and the belief that peace is always better than war. …

    “He had enormous faith in what he called the ‘young people.’ He really believed that students at Macalester and all over the world had the possibility to make the world a better place. He knew that it took hard work and patience and courage, and he tried to inspire all of us to keep working to make our lives and the lives of others better — and I think that’s a powerful legacy and something we should carry with us every day.”

    Rosenberg announced Saturday that both the U.S. and U.N. flags, which fly side-by-side on campus, would be flown at half-staff in Annan’s honor.

     

    Source: mprnews.org

  • Dubai Gets Investors’ Vote of Confidence

    Investor confidence in Dubai remained strong despite several global and regional challenges. This was on the back of a string of investor-friendly reforms and regulations initiated by the authorities, according to various surveys, including the latest data provided by the Department of Economic Development (DED).

    The competitive edge Dubai has been enjoying for years as a global hub for startups and new ventures received yet another acknowledgement with the DED data showing that the emirate clocked 24,489 transactions related to business licensing and registration in July alone.

    While a total of 1,651 licences were issued during the month, 12,532 renewals and 2,175 initial approvals were recorded, showing sustained investor confidence in Dubai.

    Among the game-changing initiatives that have improved business confidence and the long-term investment outlook of Dubai are the landmark residency and investment reforms announced in May, followed by a host of other stimulus measures, including new labour and immigration rules. However, the most anticipated game-changer will be the new investment law to be unveiled in the fourth quarter – which will authorise complete foreign ownership of firms in select sectors.

    The decision of the UAE Cabinet to raise global investors’ ownership of companies to 100 per cent and the launch of an integrated system for UAE visas aimed at attracting talents are landmark steps that fast-track the country’s efforts towards achieving the objectives of the National Agenda 2021, according to Sultan bin Saeed Al Mansouri, UAE Minister of Economy.

    “The new labour and visa reforms will have a far-reaching positive impact on the overall business climate of Dubai. Enhancing competitiveness – the hallmark of Dubai – will not only attract more international investors but also help infuse more confidence to existing businesses and investors,” said James Mathew, senior partner and Group CEO – UAE & Oman, Crowe Horwath, said.

    M.A.K. Harid, managing director of Paradigm Financial Services, said the spate of announcements to reform business ownership laws and residency visa rules is making a positive impact across most key sectors. “These steps have already started to encourage the flow of more foreign direct investment while creating more stability in the market. The overall business confidence is fast improving with the non-oil private sector getting more upbeat,” said Harid.

    Dubai has been scoring high on several other fronts. The emirate’s economic diversification drive has been paying rich dividends as its competitiveness ranking improves, reducing the gap with the world’s top competitive economies.

    According to the recent Dubai Competitiveness Report 2018 issued by the Switzerland-based IMD World Competitiveness Centre in cooperation with the Dubai Competitiveness Office of the DED, the emirate ranks first in the Arab world and fourth worldwide in the ‘economic performance’ pillar, beating Canada, Japan, Singapore and Hong Kong and all EU countries excluding Luxembourg.

    The Dubai Competitiveness Report shows the emirate leading the Arab world in direct inward investment flows and tourism receipts among others. The report showed that Dubai ranked first among Arab countries and ninth globally in inward investment with 6.42 per cent of GDP and with a stock of $73.8 billion, ahead of the US, Australia, Canada, Germany, France and China. The emirate also ranked second in the Arab world and 12th globally in ‘foreign direct investment abroad’ with 4.51 per cent of GDP and a total stock of $28.8 billion.

    Economists at FocusEconomics said growth in the UAE’s non-oil economy should accelerate this year on the back of strong investment.

    “Notably, the large infrastructure push underway as part of the country’s preparation to host the 2020 World Expo, recent business-friendly reforms and stimulus and a new investment law will likely buttress investor confidence and provide a large boost to FDI inflows. In addition, the country can count on the dynamism of its tourism sector, especially in Dubai,” said panelists at FocusEconomics.

    Among the total transactions recorded in July, 3,128 were related to trade name reservation and 1,268 to commercial permits. Auto renewal transactions amounted to 5,918, instant licences to 101, and 102 transactions were related e-Trader licences.

    BRL activity in July reflected momentum across all sectors as new licences covered the commercial (60.5 per cent), professional (36.8 per cent), tourism (1.4 per cent) and industrial (1.3 per cent) categories. The outsourced service centres of DED accounted for 67 per cent of the total transactions completed in July.

    The region-wise distribution of new licences shows Bur Dubai accounted for the lion’s share with 798 of the licences, Deira had 712, New Dubai 133 and Hatta, eight. Among the top 10 sub-regions, Burj Khalifa had 14 per cent, New Dubai eight per cent, Al Marar 5.9 per cent, Port Saeed 5.8 per cent, Dubai World Trade Centre 1 had 4.6 per cent, Naif four per cent, Al Garhoud 3.3 per cent, Al Karama 2.8 per cent, Al Muraqabat 2.1 per cent and Hor Al Anz, 2.1 per cent.

    The construction sector accounted for 17.3 per cent of the new licences and community & personal services for 13.6 per cent, followed by hotels group (seven per cent), transport, storage & communications (3.5 per cent), manufacturing, (2.9 per cent), financial brokerage (2.5 per cent), health, labour & education (0.9 per cent), agriculture (0.4 per cent), and mining (0.1 per cent).
    Indians, Pakistanis, Egyptians, Chinese, British, Saudis, Jordanians, Syrians, and Kuwaitis were the top nine nationalities of BRL customers in that order during July, the DED said.

     

    Source: khaleejtimes.com

  • Earn your Stripes: How Investor Migrants Should Contribute to their New Nation

    Don’t it always seem to go / That you don’t know what you’ve got till it’s gone.

    Joni Mitchell, arch-priestess of the hippy movement, might have been singing about the environment but, somewhat ironically, her words ring true for capitalism – and its cousin, globalisation.

    These two forces have done much more than shape the modern world – they have proven more effective at combatting the four horsemen of the apocalypse than any other system of government or economics.

    We live in a time of unprecedented global peace, a new Pax Romana where conflicts are more often resolved through sanctions than kinetic warfare. The private sector has been far more successful than nation states at eradicating diseases like polio and malaria (witness the work of the Bill & Melinda Gates Foundation, for example). Meanwhile, the number of people living in poverty more than halved between 1990 and 2013 thanks largely to the greater opportunities provided by the world economy, while private organisations are helping to eliminating hunger through, among other means, biotechnology.

    None of these achievements would have been possible – and certainly not on this scale – if it weren’t easy for people and money to cross international borders easily, and for wealthy people to invest their money where they see fit. So why are we hamstringing the free movement that is so central to world development, and threatening to make globalisation a mere memory of happier, more prosperous times?

    Unfair migration policies

    Current migration policies worldwide do not effectively support the movement of people and money that is so crucial for achieving the results that benefit the world’s poor, hungry, and economically-disadvantaged.

    One’s ability to take up citizenship in a new country should depend on the good that you intend to do, not on the opposite, or whether your country of origin has cosy political relations with your intended destination.

    Yet all too often, that’s how investment migration is perceived. It’s either used as a political pawn in a tit-for-tat diplomatic dispute, or the wider public consider the system unfairly benefiting oligarchs or kleptocrats, who can become citizens or residents with few or no questions asked about their background.

    Nothing could be further from the truth. Take Roman Abramovich for example. Even someone with such a high profile, who impacts the local economy (in Chelsea), was delayed in his application as the UK followed its due diligence process to the letter.

    Some nationalities are more equal than others 

    In today’s globalised world, the idea that your country of origin should decide your access to basic human rights – such as travel between two countries, the ability to migrate, or to invest your money where you choose – is anathema to all right-thinking people.

    If we want migration to benefit large numbers of people and support the great things that capitalism can achieve, we need to make decisions based on the good that these people do – much in the same way that President Macron gave citizenship to Mamoudou Gassama following his daring rescue of a toddler in Paris a few weeks ago.

    A new model for investment migration

    We think it is time to re-think our approach to the migration of high-net worth individuals. People should not be judged on where they come from, but rather by what they plan to do with their money when they arrive.

    In the UK, the Tier 1 Investment Visas enables anyone with £2 million to acquire citizenship or residency as long as they invest that money in British businesses or Government bonds. Other countries have similar programmes, to the extent that citizenship – and resident-by-investment – is a multi-billion-dollar global industry.

    By setting out and enforcing strict self-regulatory rules and codes of conduct for investment migration, every country can ensure that when people move themselves and their money, it does the maximum amount of good for the people of that nation. Ensuring that this cash goes into the local economy, it helps to create jobs, sustain start-up businesses, and improve productivity – all the things that globalisation achieves when it’s working properly.

    The battle for all who believe in capitalism and free movement is to convince others of the benefits that these migrants bring. It should be an easy win, but we face entrenched opposition from those who see investment migration as an unfair “fast track” to citizenship. Some two in five (42 per cent) UK residents say that wealthy individuals should not be allowed to obtain citizenship in a country other than where they were born through investment migration, according to recent research by the Investment Migration Council.

    Capitalism faces a problem, which is the reluctance on the part of its adherents to discuss the good that it can bring to everyone. To do this effectively, we need to stand up for principles such as strict, rules-based investment migration, and be unafraid to discuss the benefits it brings.

    Joni was right – you don’t know what you’ve got till it’s gone. Let’s not allow capitalism and free movement to slip through our fingers, lamented only after it’s been replaced by more restrictive systems that throttle free movement, entrepreneurship, and investment that benefits us all.

     

    Editor: Bruno L’ecuyer, Chief Executive, Investment Migration Council

  • Man Arrested on New Charges of Fraudulently Procuring US Citizenship

    A Burbank man who operated a string of allegedly sham medical clinics – and who already faces federal charges of using the clinics to orchestrate a massive narcotics scheme – was arrested today on new charges that he unlawfully procured United States citizenship.

    Armen Simonyan, 44, who was free on bond in the narcotics-trafficking case, was arrested after being named in a two-count indictment returned today by a federal grand jury. The new indictment charges Simonyan with unlawful procurement of United States citizenship and making a false statement on a passport application.

    The benefit fraud investigation was conducted by U.S. Immigration and Customs Enforcement’s Homeland Security Investigations (HSI) and the U.S. Department of State’s Diplomatic Security Service, and was conducted under the aegis of HSI’s Document and Benefit Fraud Task Force.

    Today’s indictment outlines Simonyan’s 15-year history of securing United States immigration benefits via fraud and identity theft. Simonyan allegedly entered the United States from Armenia under a stolen identity and a fraudulent passport. Simonyan then attempted to obtain immigration benefits that would allow him to remain in the United States, allegedly concocting a false narrative that he was born in Azerbaijan to parents of supposed mixed Armenian-Azerbaijani nationality; that his family suffered ethnic violence, including the murder of both his parents; and that he fled to the United States via Russia. The indictment alleges that, in fact, Simonyan was born in Armenia to Armenian parents, that he entered the United States from Armenia, and that both of his parents were alive.

    Simonyan will lose his United States citizenship if convicted of the immigration fraud charge.

    The indictment also charges Simonyan with lying on his application for a United States passport after he gained citizenship. The alleged false statements related to his place of birth, his date of birth, and his claim that his mother was deceased.

    Simonyan was previously indicted in August 2017 on charges that he and other conspirators disseminated more than 2 million pills of controlled prescription drugs to the black market, mostly oxycodone and hydrocodone. Simonyan is currently scheduled to go on trial in that case on February 12, 2019.

    In the immigration fraud case, Simonyan is expected to be arraigned on the indictment this afternoon in U.S. District Court in downtown Los Angeles.

    If convicted of the charges in the new indictment, Simonyan would face a statutory maximum of 20 years in prison, in addition to the statutory maximum of 60 years in federal prison that he faces in the narcotics case.

    Substantial assistance in this case was provided by U.S. Citizenship and Immigration Services’ Fraud Detection and National Security unit, the Drug Enforcement Administration, and the U.S. Department of Health and Human Services’ Office of Inspector General.

    The case is being prosecuted by Assistant United States Attorneys Benjamin Barron and Jamie Lang of the Organized Crime Drug Enforcement Task Force.

     

    Source: ice.gov

  • Jersey Launches Consultation on Tax Residency Claims

    Described as “high-level” proposals, it is suggested that the Tax Department would be able to identify companies carrying out “relevant activities” such including banking, insurance and fund management and impose substance requirements on them, which may include having physical offices and employees based in Jersey.

    Those requirements could then be enforced through a series of measures including fines and, ultimately, striking a company from the register.

    They published proposals are part of a consultation, which officials say would allow the island to meet the commitments made in 2017 to the EU Code of Conduct Group on Business Taxation.

    “The consultation on these proposals represents the latest step in the evolution of the Island’s international tax policy – and maintains our longstanding commitment to tax neutrality, transparency and that regulated financial institutions have a real physical presence in the Island.”

    “We strongly welcome input from industry practitioners and members of the public on these proposals,” External Relations Minister Ian Gorst said in a statement.

    In a 54-page report published in June, the EU Code of Conduct Group for Business Taxation outlined what they wanted to see.

    According to the guidance, not only should businesses prove that they are undertaking research and development, marketing and branding activities, but should also be able to provide:

    – Detailed business plans which allow to clearly ascertain the commercial rationale of holding IP assets in the jurisdiction,
    – Employee information including level of experience, type of contracts, qualifications, duration of employment,
    – Concrete evidence that decision making is taking place within the jurisdiction.

    Such information, they explained, would help “prove that in the jurisdiction there is more than local staff passively holding intangible assets whose creation and exploitation is a function of decisions made and activities performed outside of the jurisdiction” and instead show that decisions were being made actively and regularly by “local, permanent and qualified staff.”

    The consultation documents can be found here.

     

    Source: internationalinvestment.net

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