I think I speak for for all when I say that around this time of the year, we take a quick pause to assess what we’ve accomplished thus far, what’s left on our to-do list for 2018, what’s happening in the industry, and evaluate if our services/products are still relevant to our clients. From experience we know by now that things are seldom as simple as we hoped they’d be, but each new hurdle brings with it exciting avenues for research, refinement, development and other opportunities. This is exactly true for the Investor Migration industry – with it’s growing popularity comes growing concerns, revised policies and standards, and new and improved service offerings and programmes.
To keep our readers up to date with the most recent developments, we strive to discuss matters of interest to this ever-changing milieu. The contributions in this newsletter cover an array of relevant topics, perfectly capturing the tumultuous nature of the industry:
In the first article, Jurga McCluskey, Partner and Head of Immigration (Europe and the Middle East), Deloitte LLP informs us of increased regulations in the Investor Migration Industry, especially of the growing popularity of Unexplained Wealth Orders as a means to combat the flow of illicit monies to CBI/RBI countries.
Thomas Anthony, Global Head of Exiger’s Immigration, Citizenship and Visa (ICV) Practice, explores how Artificial Intelligence (AI) can drive efficacy and sustainability in the investor migration industry, arguing that AI-powered solutions, e.g. machine learning and natural language processing, can have a game-changing effect leading to greater reputational protection, consistent screening methods, and effective applicant onboarding and application processing.
Irina Rostova, Founding Partner, Rostova Westerman Law group, P.A., looks at reasons why Russian HNWIs are showing a sudden interest in the US EB-5 Investor Visa Program.
John Richardson, Lawyer, Citizenship Solutions, expands on the relationship between tax residence and CBI/RBI programmes and shares several concerns about whether such programmes are being used to undermine the Common Reporting Standards set by the OECD.
And, Nicholas Gouder from the ARQ Group warns about the assumptions made regarding tax residence, and emphasises the importance of seeking professional advice in terms of the tax implications (applicable to both the exiting jurisdiction and the destination jurisdiction) for acquiring a new residence.
Finally, a thought leadership contribution from me; Making Investment Migration Fair to All.
We’ll delve even deeper into these and other topics at the Investment Migration Forum in Geneva from the 4th – 6th June – we look forward to seeing you there!