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Proposed Golden Visa Changes Will Not Take Place Until June 2021

By Sugee Portugal    The Council of Ministers approved the diploma that puts an end to gold visas in the metropolitan areas of Lisbon and Porto, as well as the entire coast of the country. The instrument only remains for the interior and autonomous regions of Madeira and the Azores. The new regime will be gradual and it will not take effect before June 2021 at least.   As we all know there is a lot of uncertainty in the mind of investors for Golden Visa Portugal about the changes proposed in the budget of Feb 2020 by the Portuguese...
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The Latest CBI Index Shows: Grenada CBI is in the Top 3

By Joanna Zhang Professional Wealth Management (PWM), a publication from the Financial Times, has released its latest CBI Index assessing the CBI programs of 14 countries through nine indicators including freedom of movement, due diligence, minimum investment, timeline, and so on. Grenada CBI ranked in the top three in total and became one of the most popular CBI programs. Why you should obtain Grenadian citizenship: 1) Fast relocation route to the US As the only Caribbean country to hold the coveted E-2 visa treaty with the US, Grenada citizens can apply for a non-immigrant visa to the US, meaning they can then both...
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The Abu Dhabi Global Market: an Analysis of its Asset Protection Laws in Relation to Foundations and Trusts.

By Alex Baker of Griffin Trust AG, Liechtenstein and Andrew Baker of Griffin Corporate Services Ltd, Abu Dhabi           This short article introduces the Abu Dhabi Global Market (“ADGM”) and highlights a perceived advantage offered by an ADGM foundation compared to an ADGM trust in relation to asset protection.   Introduction to the Abu Dhabi Global Market The ADGM is one of the principal free zone jurisdictions in the United Arab Emirates (“UAE”). It offers an attractive range of vehicles that can be used by individuals for asset protection and/or succession planning purposes and by businesses involved...
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Mauritius: International Tax Planning Update & Opportunities

By Mr. Patrice Tze Sek Sum, CPA (US), MIntTax, TEP   1. Overview   Over the past few years, Mauritius has undergone significant transformation in order to maintain itself as a serious jurisdiction of substance. While Mauritius remains the de facto hub to Africa due to its political stability, independent judiciary and strong institutional framework, and absence of foreign currency exchange control, it has had its fair share of challenges over the past year. Mauritius has enhanced its AML/CFT laws accordingly and restructured some of its tax regimes which were deemed harmful from the perspective of the OECD especially in regard to some ring-fencing...
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St Kitts and Nevis' Citizenship by Investment Program Records Increased Interest from African Investors

By CS Global Partners   According to Les Khan, CEO of St Kitts and Nevis' Citizenship by Investment (CBI) Unit, the dual-island nation's CBI Programme has expressed an increase in interest from African businesspeople, particularly from Nigeria and South Africa. One of the main motivators in acquiring a second citizenship stem from the visa restrictions many Africans face when attempting to conduct business abroad. St Kitts and Nevis boast one of the strongest passports within the region and 25th globally, surpassing many larger and more developed nations.   Established in 1984, St Kitts and Nevis' CBI Programme is the oldest within the investment immigration industry and is internationally recognised as a Platinum Standard...
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Mammoth $2.3b of Investment Held Up at the Border by Covid-19 Visa Rules

By Enry Cooke   Foreigners keen to invest up to $2.3 billion in New Zealand are unable to get visas because of Covid-19 restrictions, a situation National says is holding back “tens of thousands” of jobs.   A huge amount of cash is promised by applicants for the investor-class visa, which allows foreigners to gain residence in New Zealand if they promise to invest a certain amount of money into the economy.   A similar visa was famously used by US tech billionaire Peter Thiel to gain residency in the country, which he then used to gain citizenship.   Immigration...
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Chinese Investors Rush to Obtain Golden Visas in Portugal

By Schengen Visa Info   Portugal has registered an increasing number of Chinese citizens who are rushing to ‘buy’ citizenship in Portugal, through the Golden Visa Scheme, before the government puts the program to an end.   Investors from China are considering Lisbon and Porto as appropriate investment locations before both cities are removed from the passport for cash scheme, SchengenVisaInfo.com reports.   “A total of €37 million (S$58.90 million) have been invested in Portugal from Chinese nationals, during the second quarter of this year, “which is twice their spending in all of 2019,” director of Maia International Properties, Luiz Felipe Maia pointed...
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UAE Extends 10-year Golden Visa System

By GC NewsDesk   Washington: The United Arab Emirates (UAE) authorities on Sunday announced the decision to expand its Golden Visa system that grants 10-year residency for certain categories of professionals, including doctorate degree holders, doctors, computer programmers, and biotechnology engineers.   UAE Vice President and Dubai Emir Sheikh Mohammed bin Rashid al-Maktoum made this announcement, stating that specialists in the field of artificial intelligence, big data, and epidemiology, as well as best-performing students from certain high schools and universities, will also be eligible for “golden” visas.     As per a report by Sputnik, the UAE government allowed for the...