Author: Nicolò Bolla, Italian Tax and Immigration Specialist at Accounting Bolla As recent shifts in immigration rules in other European countries have occurred, Italy has emerged as an increasingly attractive destination for individuals considering relocation outside the EU. But amidst the allure of Italy’s rich culture and history, questions arise:
Author: Nicolas Laurin, President of Eterna International The last ten years have brought about profound transformations in the investment immigration industry, shaped by geopolitical currents, wealth inequality, and intensifying debates in the West over access to housing. The European Commission’s criticism, grounded in anecdotal evidence, has painted investment immigration as
HSBC Life, headquartered in Hong Kong, has issued the most valuable life insurance policy ever recorded, valued at $250 million (£197 million). This unprecedented whole-of-life protection policy, taken out by an anonymous customer, is designed to secure wealth for subsequent generations of the policyholder’s family. Edward Moncreiffe, CEO of HSBC
The UK government is set to abolish the “non-domicile” (non-dom) tax status, affecting approximately 68,000 ultra-wealthy foreign residents. This significant change, announced by Chancellor Jeremy Hunt in the Spring Budget on March 6, aims to generate an additional £9 billion (S$15.4 billion) in revenue. This boost is intended to help
Hungary’s revamped “Guest Investor Residence Permit,” known colloquially as the Golden Visa Program, marks a significant opportunity for non-EU and non-EEA citizens seeking European residency. Launched with an array of investment options, this program offers a gateway not only to Hungary’s vibrant landscape but also to visa-free travel across the
Chinese investment in formerly Soviet states has reached nearly $80 billion from 2016 through mid-2023, as reported by the Eurasian Development Bank. However, there are indications that Beijing’s enthusiasm for foreign investment is diminishing amidst various domestic economic challenges. During this seven-and-a-half-year period, Kazakhstan emerged as the primary
The global stock of outbound Foreign Direct Investment (FDI) experienced a notable decline in 2022, interrupting a significant expansion trend that spanned over three decades. According to the United Nations Conference on Trade and Development (UNCTAD) figures, the market value of global outward FDI stock fell to $39.8 trillion, down
Egypt’s announcement of a colossal $35 billion investment from the United Arab Emirates (UAE) has been hailed as a pivotal moment for the country’s beleaguered economy. This investment, primarily allocated to a construction project in Ras al-Hikma, is considered the largest in Egypt’s history and arrives at a time when
China has recently announced visa-free travel for Georgian citizens, as confirmed by Georgian Prime Minister Irakli Kobakhidze. Following a government meeting, it was revealed that Georgians would be able to travel to China for up to 30 days without a visa, as reported by VisaGuide.World. The Georgian Vice Prime Minister,
In a significant move aimed at enhancing national security, the U.S. government, led by President Biden, has initiated steps to curb foreign access to sensitive personal and government-related data. On February 28, 2024, President Biden signed an Executive Order, accompanied by a detailed fact sheet, that outlines new restrictions targeting
