Saudi Arabia’s Crown Prince, Mohammed bin Salman, has unveiled four new special economic zones in the country to enhance its global appeal as an investment destination, as per reports from the state news agency SPA. These zones offer a range of advantages to companies, including competitive corporate tax rates, exemption
Portugal and Ireland recently made an announcement regarding the cessation of their “golden visa” initiatives. Armand Arton, the CEO of Arton Capital, believes that this decision represents a missed financial opportunity. Instead, he proposes that countries modify the investment requirements to cater to the interests of local residents. Armand Arton,
Three investors had their Cypriot citizenships revoked. Additionally, the passports of the individuals’ wives and children were also taken away, according to government spokesperson Konstantinos Letymbiotis. This action was taken following a thorough investigation conducted by the government. In the same cabinet session, a bill for 2023 was approved. This
Essential Information for Applying to Austria’s Residence by Investment Programs Austria has witnessed a surge in immigration interest, with a threefold increase in residency permit applications over the past five years. The Golden Visa, an investment-based residency visa, has been specifically designed to attract affluent foreign individuals seeking European opportunities
Updated for April 2023 by Esmeralda Montes, NTL Trust In my role as a Client Advisor, nearly every day, new prospects seeking a second passport from a Caribbean country reach out to me. More often or not, they start the conversation with one key question. They see the various Caribbean
The Hong Kong SAR government announced that it will soon relaunch its residency-by-investment scheme. The government suspended the scheme in 2015 to focus on attracting talent instead of investments, but is now relaunching the program to help economic recovery from the COVID-19 pandemic. Successful applicants will be eligible to apply
The citizenship by investment programs enables investors to rapidly obtain citizenship with no required residence period, or only a short one. On Feb. 25, a U.S. government delegation led by Anna Morris, the Department of Treasury’s deputy assistant secretary, attended a meeting in Saint Christopher, in St Kitts & Nevis, to discuss the Citizenship by Investment (CBI) programs
A growing number of African nations are looking to attract high-net-worth individuals by offering residence and citizenship through investment programs By Seth Onyango, bird story agency African economies looking to attract fresh investments are turning to innovative programs that offer residence and dual citizenship opportunities to investors with deep pockets. Migration
Only 136 residence permits have been issued on the basis of a real estate investment in Spain in 2022, which is 72 per cent lower than the 497 visas issued by the Spanish consulates worldwide a year before, in 2021. Data provided by the Ministry of Foreign Affairs to Spanish
High net-worth individuals can obtain a 10-year residency visa by investing ₹21.5 crore in a real estate asset. Real estate prices in European Union countries have risen, causing an increase in investment thresholds and the termination of Golden Visas offered to wealthy individuals. As a result, Indian investors are turning to
