Welcome to the 2nd issue of the IMC Bulletin 2019, which will be arriving in your inbox as you, hopefully, begin your safe journey to Geneva and the 4th Investment Migration Forum.
As with last year, we are holding the Forum at the Grand Hotel Kempinski, Geneva (3rd – 6th June). Those of you who are familiar with the Forum will know that it is the single most important industry event held to unveil the latest thinking, developments and new programmes. This year we are expecting to welcome over 300+ Government Officials, Members of the Press Corps, Academics, Economists, Lawyers, Accountants, and representatives of Civil Society from over 40+ countries over the three days of different plenary sessions, committee meetings, and the Intergovernmental Roundtable on IM.
This year’s Forum could not be more timely. As an industry, we are facing a period of unprecedented change, with increased scrutiny placed on global migration by international organisations and policy makers.
We have been conducting a series of meetings across the EU to help lawmakers better understand investment migration and highlight the sector’s efforts to have a uniform, transnational code of ethics and regulatory framework.
This year’s Forum will help shape the future of our market, and I urge anyone who cares about — and feels they can contribute to — the long-term future of investment migration to register for one of the few remaining Forum tickets.
In this issue, we start with an article on the now-infamous Nottebohm Case and the genuine link of residence criteria; William Worster argues that the US expatriation tax violates human rights; and Sonia Spencer gives us her thoughts on Citizenship by Investment: the Real Drivers Behind Applications.
I will let you discover the other contributions from some of the industry’s elite, all leaders in their own right.
Happy travels, happy reading and see you soon!
Bruno L’ecuyer IMCM
Chief Executive & Member of the Governing Board
Neo-Nottebohmian 21st Century Genuine Links and Australia’s Indigenous Non-Citizens
The International Court of Justice, in its 1955 judgement of Nottebohm, stated that nationality requires a ‘legal bond having at its basis a social fact of attachment, a genuine connection of existence.’ These famous yet contrersted words, if anything… Read more >
The Sale of Conditional Citizenship: The Cyprus Investment Programme Under the Lens of EU Law
In 2013, the Republic of Cyprus adopted the Scheme for Naturalisation through Investment, now called the Cyprus Investment Programme. In the past 6 years, the programme has been operating with great success and has been amended several times. According to this Programme, any third-country national can acquire Cypriot citizenship if they meet certain economic criteria such as … Read more >
William Worster Argues that the US Expatriation Tax Violates Human Rights
In this article, he claims that the taxes that the US imposes on individuals who renounce their US citizenship violate international human rights. The US taxation system is somewhat unique in the world, because the US is essentially the only state in the world that taxes its nationals even … Read more >
Christian H. Kälin
Sovereign Equity Instead of Sovereign Debt: A Paradigm Shift for Public Finance
A core premise of investment migration is to enhance a country’s economy in exchange for residence or citizenship rights for individual investors. This is a good description of a classic ‘win-win’ formula. However … Read more >
Technology + Human Expertise: Together Enabling Efficient and Comprehensive Due Diligence
The logistics of capturing and sorting through due diligence findings have changed markedly in recent years. A vast amount of information about the average individual is readily available online, driven by the elimination of paper, ease of content creation, and explosion of mobile capture. This volume has the potential … Read more >
Citizenship by Investment: The Real Drivers Behind Applications
In recent months, the CRBI industry has been the backdrop for controversy. In January 2019, Bulgaria revoked the citizenship of Russian telecoms millionaire Sergei Adoniev, who had been convicted of fraud in the United States in the 1990s. In March, the European Parliament voted to phase out CRBI programmes.
Our world has truly become Global in the 21st Century. We all Travel, watch TV, are hours on Social Media and cannot live anymore without Internet connection! So why are we restricted by physical borders? … Read more >
We are happy to welcome 61 new members from 25 countries.
Alexandra Botsiou Amit Rao Andreas Damianou Bency Thomas Che Sidanius Chen Qin Cheng (Elvis) Liu Christiana Kyriacou Christina Georgaki-Charav Christopher Ward Dahlia Joseph-Rowe Duarte Costa Florentina Michail Giannella Barbieri Guvenc Ketenci Hans-Peter Scheibert Iiona Ruda Ines Saraiva Azevedo Alvir Irina Simonyan Ivan Rudyi
Jacky Poh James Elcocke-Harris James Swenson Ji Chenting Joseph Portelli Juris Gulbis Karl Cini Leonardo Braune Li Zhang Liene Vitola-Evele Longchen (Chris) Xu Luis Mac Ivor Infante Malcolm Mifsud Man Yee Kwok Mark Attard Meir Rabkin Nayia Morphi Neity Maddock Nicolas Salerno Nina Nikolova
Oliver Anthony Said Pojuel (Eric) Chou Qishi Fu Radu Ghergus Raheel Sheikh Rashid Richard Merriman Saadiya Saadat Sergiu Stoian Serine Wattar Stefan Pavlov Sylwia Wolos Varis Sayed Wasim Daoud Wenyi (Ian) Miao Winner Xinli Xing Yana Hadjiphilippou Yang Zhu Yanqiao Gui Ye (Aaaron) Chen Yu Wang Zhoujing (Luna) Wang
The must-attend specialised global gathering for the investment migration industry. Renowned academics, government officials, representatives of international organisations, as well as the world’s leading professionals will be gathering once again in Geneva for an exceptional Forum. Be part of this unique environment to network and hear first-hand valuable insights from visionary experts. Read more >
Caribbean Investment Summit 2019
Come and enjoy CIS2019 where this year’s academic and networking focus provides participating sponsors with a branded content creation and storytelling platform engineered to generate global opportunity for all attending delegates and sponsors. Read more >
13th Global Citizenship Conference
Henley & Partners is pleased to host its 13th annual Global Citizenship Conference in London in November 2019. The annual event has become the world’s largest and most significant conference on investment migration. Read more >