The United States Government has warned regional countries offering the citizenship by investment programme (CIP), to refrain from issuing “unless the issuing government is confident beyond a reasonable doubt that the individual is a bona fide applicant”. In a statement issued Wednesday, the US Embassy here said while it does not approve or disapprove individual aspects […]
Italy opens its borders to foreign investors. From 9 February 2016, applications for investor work permits may be submitted in Italian to the local immigration authorities via a dedicated web site. In effect, on 2 February 2016, Italy enacted the annual decree setting forth the quotas for 2016 that apply for different categories of foreign […]
A long term extension of the regional center EB-5 program failed to pass Congress in 2015 mostly because of intractable differences between rural and urban interests. Various proposals were floated seeking to incentivize rural investments and discourage urban investments by providing a reduced investment amount based on various artificial configurations of census tracts. In the […]
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 […]
To access the data sheet on the Portugal (GRP) program results as of 29th January 2016, please click here.
