In a significant change to its popular Golden Visa program, Portugal’s Immigration Office (AIMA, formerly known as SEF) has announced a complete digital transformation of its application process. During a briefing session held on January 9, 2025, AIMA revealed these changes that will affect roughly 58,000 applicants and their families
Following the recent U.S. elections, there has been a significant spike in American interest in purchasing vacation homes in Greece, as reported by Elxis – At Home in Greece, a realty firm focused on the Greek holiday home market. Elxis has observed a remarkable increase in traffic and engagement from
As the global wealth landscape undergoes significant transformation, the industry for citizenship and residence by investment, commonly known as the “Golden Visa” industry, is expected to experience a dramatic surge. Multipolitan, a new platform based in Singapore and specializing in citizenship/residence-by-investment, forecasts that the market could reach over $100 billion
Malta is increasingly becoming a favorite destination for British expatriates looking for a serene retirement spot, thanks to its favorable climate and enticing tax benefits. The island stands out as an ideal locale amidst the closure of similar residency-through-investment programs in other parts of Southern Europe. Richard Long, a 77-year-old
Italian lawmakers are set to moderate a proposed increase in taxes on cryptocurrency capital gains, following industry pushback and internal disagreements within the ruling coalition. According to statements on Tuesday by Giulio Centemero and Treasury Junior Minister Federico Freni of the League party, the planned tax hike from 26% to
Ukraine is set to officially legalize cryptocurrencies by early 2025, according to Daniil Getmantsev, the head of the tax committee of the Verkhovna Rada. This upcoming legislation will establish a regulated framework for digital assets without providing any tax incentives, adhering instead to standard taxation practices similar to those applied
In the dynamic landscape of global finance, interest rates have played a pivotal role in shaping the strategies of private banking clients over the last year, according to Vipul Kapur, head of private banking at Mashreq. The surge in rates to multi-decade highs has seen clients pivot towards bank deposits,
Morgan Stanley has announced a strategic partnership with Wise, formerly known as TransferWise, to improve its cross-border payment services for corporate clients. This collaboration marks Morgan Stanley as the first investment bank to utilize Wise’s global payments platform, which is known for its speed and efficiency. Innovative Payment Solutions for
As global financial landscapes evolve, the Middle East, particularly Saudi Arabia, is experiencing a significant shift in wealth management practices. This transformation is fueled by the great wealth transfer, where substantial assets are being passed from older generations to their heirs. This transition is not only about wealth redistribution but
2025 is poised to be a decisive year for Cyprus as it anticipates crucial verdicts in some of its largest corruption cases to date. The nation’s Independent Anti-Corruption Authority is nearing the conclusion of multiple high-stakes investigations, including scandals over “golden passports,” problematic real estate dealings, and controversial unlicensed developments.
