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Permanent Residency in Cyprus

By Evis Hadjipetrou   Your “insurance policy” for the future   The Cyprus PR program offers non-EU nationals guaranteed permanent residency within 2 months with a single, secure, real estate investment of €300,000. It applies to the investor, their spouse dependent children up to age 25, and the parents of the applicant and spouse.    Permanent residency status means that your family has the right to live freely in Cyprus or continue to live in your home country and just use the permit whenever you need it.      Permit holders also have the right to own a business in...

Cayman Islands - The New Regulatory Regime for Private Funds

The Private Funds Law, 2020 (the "Law") came into force on 7th February 2020 and introduced a requirement for the registration of closed-ended funds (typically, investment funds which do not grant investors with a right or entitlement to withdraw or redeem their shares or interests from the fund upon notice) with the Cayman Islands Monetary Authority ("CIMA"). The Law refers to these closed-ended funds as “Private Funds”. Mutual funds (e.g. open-ended hedge funds) are not caught by the Law and continue to be regulated by the Mutual Funds Law (2020 Revision) as amended. Accordingly, there is now a regulatory regime...

Secret Bay: Dominica Named Best CBI Programme as Caribbean's Best Resort Prepares to Launch Sales for Phase 2

"Second citizenship is proving to be this year’s most coveted currency and Dominica, the Caribbean’s “Nature Island,” continues to be a leader in Citizenship by Investment programs. For the fourth consecutive year, the Caribbean island ranked first in the CBI Index, earning the title of the World’s Best Country for Second Citizenship by Professional Wealth Management magazine — a publication from the respected Financial Times and the most prestigious resource cataloging all active CBI programs across the globe.   With this, The Residences at Secret Bay, Dominica’s crown jewel development and only six-star all-villa resort that is praised by top-tier media around the world and global travelers...

Dominica Ranked #1 for Citizenship by Investment for the Fourth Consecutive Year

"For the fourth consecutive year, the Commonwealth of Dominica has ranked first in the 2020 edition of CBI Index by Professional Wealth Management magazine — a publication from the Financial Times.   The Dominica Citizenship by Investment Programme was initiated by the Government of Dominica in 1993. For 27 years, this programme has offered a unique opportunity for qualified individuals with the inclusion of their families, to obtain a second passport through a cost-effective, hassle-free and timely process. Over these years the programme has evolved to increase efficiency and value to meet the needs of the market.   Some of these improvements...

Why Invest in Cyprus

COMPANY INTRODUCTION Founded in 1977, Pafilia is the largest privately-owned residential developer in Cyprus, dedicated to developing world-class properties for personal living and investment. With over 40 years’ experience, Pafilia is Cyprus’ leading luxury property developer with award-winning projects and a comprehensive property portfolio including Minthis, the island’s most exclusive golf resort, ONE, Europe’s tallest seafront residential tower, and Neo, which is set to be a new landmark in the country.  With our uncompromising effort in delivering the best in concept, design, quality and service, we continue to transform and set the benchmark for the Cyprus real estate sector. We...

Principality of Liechtenstein: Traditional and Innovative

The Principality of Liechtenstein is a constitutional hereditary monarchy based upon democratic-parliamentary principles, which is celebrating its 300th anniversary this year. The small state is located in the heart of Europe, between Austria and Switzerland. It has 37,000 inhabitants, the capital is Vaduz, the official language is German, and the business languages are German and English. Liechtenstein can be reached very easily from different international airports such as from Zurich (within 1 hour), and from Munich and Milan (within 2 ½ hours). The Principality is independent and follows the customs treaty of 1923 with Switzerland, with which it has close...

The Cook Island – International Finance Center

In the heart of the South Pacific is the nation of the Cook Islands. Situated south of Hawaii and in the same time zone, Cook Islands is an independent nation, in free association with New Zealand, so all are New Zealand citizens. The Cook Islands established itself as an international finance center in the early 1980s, with the enactment of the International Companies Act 1981-82 and the International Trusts Act 1984. Since that time, through amendments to those acts and subsequent legislation, the Cook Islands has developed a robust asset protection framework. Its focus on protecting wealth has developed in...