Portugal is positioning itself as a low-tax haven for young adults by offering them a decade of substantial tax breaks. This initiative is aimed at reversing the growing trend of the youth exodus in search of better-paying jobs abroad, stemming from one of Western Europe’s poorest economies. The center-right government
To most people around the world, the notion of uprooting one’s life and moving to a foreign country is a scary thought. But that hasn’t stopped the millions of Americans who’ve expatriated from their home country and sought a better life abroad. Millions of American citizens have chosen and will
Jing Wang, an associate of former Maltese Prime Minister Joseph Muscat, has been implicated in a corruption scandal involving Cyprus’s controversial ‘golden passports’ scheme. Wang, whose Malta company hired Muscat as a consultant after he left office, has been named as a defendant in a legal case related to ex-Cypriot
In a significant move, Ukrainian President Volodymyr Zelenskyy has announced that Ukraine will offer citizenship to foreign volunteers serving in the country’s Defense Forces and their families. This announcement, made through a post on Telegram on August 15, underscores the nation’s commitment to acknowledging and supporting those who contribute to
Tax considerations play a significant role in the lives of wealthy individuals, often dictating their choice of residence. High-net-worth individuals (HNWIs) tend to gravitate toward countries that offer favorable tax regimes, moving away from regions with high tax burdens. In 2023, the tax wedge in OECD countries reached nearly 34.8%,
In recent years, Malaysia has been in the spotlight due to a significant Chinese investment, estimated at 170 billion ringgit (US$35.9 billion). This influx was expected to transform the Malaysian property market, enticing more Chinese nationals through the Malaysia My Second Home (MM2H) program. As of January of the reporting
Dubai, within the United Arab Emirates (UAE), is becoming a magnet for affluent expatriates, surpassing global cities like New York and Paris as a favored destination. According to a report by Henley & Partners, the UAE is now the top choice for ultra-wealthy individuals, particularly from India. This shift is
HONG KONG, August 8 — In response to the recent sharp decline in global equity markets, several Chinese funds investing in international securities have relaxed their subscription restrictions. According to recent announcements, at least five funds part of the Qualified Domestic Institutional Investor (QDII) program are now allowing larger investments
ROME (Reuters) – On Wednesday, the Italian government passed a significant amendment to its tax regulations, increasing the flat tax rate to 200,000 euros ($218,220) annually for affluent individuals moving their tax residency to Italy. This adjustment aims to attract high-net-worth individuals and stimulate Italy’s economy, which has been experiencing
Geneva, August 6, 2024 — In a strategic move to expand its global wealth management capabilities, Union Bancaire Privée, UBP SA (UBP) has announced agreements to acquire Societe Generale’s private banking operations in Switzerland (Societe Generale Private Banking Suisse) and their wealth management businesses in the UK and Channel Islands
