In a significant move to simplify the tax payment process for cross-border investments within the European Union, new rule changes were approved on Tuesday aimed at enhancing the efficiency of the bloc’s capital markets. The European Council announced that these changes are specifically designed to alleviate issues surrounding “withholding” or
The impending conclusion of Spain’s “golden visa” program is expected to temporarily invigorate the local real estate market, particularly in regions favored by foreign investors. Since its initiation in 2013, the program has successfully attracted billions of dollars from non-EU citizens, offering them residency in exchange for significant real estate
On April 29, 2024, the Canadian government announced crucial modifications to its federal business immigration programs, aimed at improving processing times and modernizing services. The Honourable Marc Miller, Minister of Immigration, Refugees and Citizenship, highlighted these changes as essential for streamlining the system to better serve both newcomers and Canadians.
HSBC Life in Hong Kong has issued the most valuable life insurance policy in the world, valued at $250 million (£197 million). This whole-of-life protection policy is set to provide a record-breaking payout to the named beneficiary of an unnamed individual after their death. The policy is structured to help
Author: Nisha Mc Intyre, MD My Grenada Solutions Inc. The Grenada citizenship by investment unit was recently rebranded to the Investment Migration Agency Grenada (IMA Grenada), in a pivotal move to reframe and reposition its global image. But will its rebranding initiative achieve the goals that are critical for Grenada’s
Author: Siren Chen Group Head of Project Research and Development of Globevisa Group As the Special Administrative Region’s (SAR) Secretary for Financial Services and the Treasury, Mr. Hui Ching-yu claimed in the Secretary’s Blog, “Since the launch of the new Capital Investment Entrant Scheme (CIES) on 1 March, the Scheme
Author: Oxy Capital Portuguese Golden visa is not over…. Contrary to popular belief, the Golden Visa program in Portugal remains the most compelling option for EU Visa seekers. Renowned for its stability and investor-friendly environment, Portugal continues to lead as one of the top destinations for those seeking residency or citizenship
Authored by Patrick McCarthy – Director, Immigrant Investor Program at Sherbrooke Street Capital (SSC) Inc. On January 1, 2024, the Ministère de l’Immigration, de la Francisation et d’Intégration (MIFI) reopened the Immigrant Investor Program (QIIP). The QIIP had been suspended since October 31, 2019, pending the introduction of new criteria.
The Tax Cuts and Jobs Act of 2017, which was initially hailed as a transformative reform for the U.S. tax code, has not lived up to its promise of spurring investment, job creation, and economic growth. Instead, it has paved the way for widespread corporate tax avoidance, turning what were
In a stark reversal from previous years, foreign investment into China plummeted by 80 percent last year, marking the lowest level in three decades, according to multiple media reports. While the total stock of foreign investment in China remains substantial, the drastic year-on-year decline suggests a troubling shift that may
