The trial surrounding Cyprus’s Golden Passport scandal, originally exposed in an investigation by Al Jazeera, has been suspended by the Nicosia criminal court due to changes in the court’s composition. This development has resulted in the acquittal of all four defendants, including former House President Demetris Syllouris, former Akel MP
The EU has agreed to radical reforms of its migration and asylum laws, including charges of €20,000 per head for member countries that refuse to host refugees. The 27-state bloc has adopted general approaches to asylum and migration management regulation and asylum procedure regulation. Under a last-minute compromise, member states
Canada: 13 More Countries Added to Electronic Travel Authorization Program Content: On June 6, 2023, the Canadian Minister of Immigration, Refugees and Citizenship, Sean Fraser, announced the inclusion of 13 additional countries in the electronic travel authorization (eTA) program. This expansion allows eligible travelers from these countries to apply for
Hong Kong has introduced a groundbreaking tax concession regime for Single Family Offices (SFOs) managing Family-owned Investment Holding Vehicles (FIHVs). The new regime aims to position Hong Kong as a premier hub for family offices and provides numerous benefits for high-net-worth individuals and their families. Benefits of the New Tax
The Residency by Investment program in Cyprus has undergone significant amendments as approved by the government. These changes aim to tighten the application process and establish stricter requirements for prospective investors. Among the key modifications are the introduction of a higher minimum annual income threshold, an increased amount for sponsoring
Over the past decade, Cayman Enterprise City (CEC) has been actively promoting the Cayman Islands and its Special Economic Zones (SEZs) as the perfect destination for knowledge- and technology-driven businesses looking to establish a tangible physical presence. As a result, CEC proudly houses 317 SEZ companies, representing the largest innovation
Campaigners are calling on King Charles to take action against the UK’s “network of satellite tax havens,” which enable an annual avoidance of £152 billion in taxes. The Tax Justice Network, a coalition opposing tax avoidance, has written a letter to the monarch, urging him to leverage his position to
Investments worth 800 million euros in residential tourism have been canceled by April, which would have represented 500 million euros in taxes and the creation of 2,090 jobs. The Portuguese Association of Residential Tourism and Resorts is calling for “common sense” to avoid a “catastrophe.” The government is destroying something
Jordan is a peaceful Middle Eastern country known for its high living standards, quality healthcare, and welcoming expatriate community. It stands out as a progressive nation with a robust police and military presence. Attaining Jordanian citizenship is possible through a minimum investment of $750,000, offering various avenues such as bank
Greek authorities have decided to postpone the increase in the minimum investment amount for the Golden Visa Program in certain areas of the country by three months. This means that wealthy foreign nationals can still participate in Greece’s Golden Visa Program by investing €250,000 instead of €500,000 until July 31.
