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Category Archives: Updates

July 17, 2023

Our world has experienced significant upheavals in the past three years, ranging from the global pandemic to geopolitical shifts and financial turbulence. In this rapidly changing landscape, mobility has emerged as a crucial component of diversification strategies, offering individuals and businesses a means to navigate uncertainties and hedge against risks. In this blog, we will explore why mobility, in its broadest sense, has become an essential part of diversification in today’s world.

The COVID-19 pandemic has highlighted the vulnerability of individuals and businesses who rely heavily on a single location or jurisdiction. Lockdowns, travel restrictions, and disruptions to global supply chains have had far-reaching consequences, underscoring the need for mobility as a means of adaptability and resilience. By diversifying their geographic footprint, individuals and businesses can mitigate the impact of unforeseen events and gain greater flexibility in the face of uncertainties.

Geopolitical shifts have become increasingly prominent in recent years, influencing economic policies, trade relations, and diplomatic landscapes. These changes can create both opportunities and challenges for individuals and businesses. By embracing mobility, individuals can explore new markets, expand their networks, and seize emerging opportunities. Similarly, companies can establish a presence in multiple jurisdictions, ensuring access to diverse customer bases and safeguarding against geopolitical risks.

The ongoing financial turbulences and market volatility have highlighted the importance of diversifying one’s assets to protect against economic downturns. Mobility plays a crucial role in asset protection by allowing individuals to diversify their investments across multiple jurisdictions. This can include acquiring properties or businesses in different countries, diversifying investment portfolios, or even obtaining alternative citizenships to access stable economies and favorable tax regimes.

Obtaining alternative citizenship or residency in different countries can significantly enhance an individual’s mobility and global access. With multiple passports, individuals can enjoy visa-free travel to numerous countries, facilitating business ventures, leisure travel, and even seeking medical treatment or educational opportunities abroad. Dual citizenship or residency also offers access to different healthcare systems, social welfare programs, and educational institutions, providing a safety net in times of crisis.

For businesses, mobility allows for the expansion of operations into new markets and the diversification of revenue streams. By establishing a presence in multiple countries, businesses can tap into diverse consumer markets, leverage favorable regulatory environments, and reduce the impact of regional economic downturns. Mobility facilitates cross-border collaborations, joint ventures, and access to skilled international talent, fostering innovation and growth.

In an era marked by unprecedented global challenges and uncertainties, mobility has become a fundamental aspect of diversification strategies. It enables individuals and businesses to navigate changing landscapes, seize opportunities, and protect against risks. By embracing mobility in its broadest sense – whether through geographic diversification, asset protection, or accessing alternative citizenships – individuals and businesses can enhance their adaptability, resilience, and global access. In a world where uncertainties prevail, mobility has become a vital tool for achieving stability, growth, and peace of mind.

July 12, 2023
July 12, 2023

Citizenship by investment programs has gained significant popularity in recent years, offering individuals the opportunity to obtain citizenship in a foreign country by making a substantial financial investment. However, it is important to approach this topic with the right understanding of the facts and laws governing these programs.

Citizenship by investment programs are established under specific legal acts enacted by the respective countries offering such programs. These laws outline the requirements, procedures, and conditions under which foreign nationals can obtain citizenship through investment. It is crucial for both applicants and service providers to have a solid understanding of the legal framework surrounding these programs to ensure compliance and avoid any potential pitfalls.

When exploring citizenship by investment programs, it is essential to be aware of the nomenclature used in the industry. Some cultures tend to adopt a “price bazaar” mentality, where the focus is solely on the cost of obtaining citizenship rather than the legitimacy and value of the program. To make informed decisions, it is imperative to look beyond the price tag and thoroughly research the legal requirements, due diligence processes, and reputation of the country offering the citizenship program.

One of the fundamental aspects of citizenship by investment programs is the rigorous due diligence process that applicants must undergo. These programs are designed to attract high-net-worth individuals who contribute to the host country’s economic growth. As a result, stringent background checks are conducted to ensure the integrity and suitability of applicants. Reputable service providers prioritize transparency and guide their clients through due diligence, ensuring that all necessary documentation and information are provided accurately.

Citizenship by investment programs offers a range of benefits, including enhanced global mobility, access to quality education and healthcare systems, favorable tax regimes, and expanded business opportunities. However, it is essential to understand that each program comes with its own set of advantages and considerations. By engaging with experienced professionals with in-depth knowledge of the various programs, prospective applicants can make well-informed decisions based on their specific goals and requirements.

Engaging the services of a reputable citizenship by investment company is crucial to ensure a smooth and lawful application process. When selecting a service provider, consider factors such as their experience, track record, objectiveness, professional network, and compliance with legal and ethical standards. Trustworthy companies prioritize client satisfaction, client end game, maintain strict confidentiality, and adhere to the highest professional and ethical standards.

Citizenship by investment programs can provide individuals with incredible opportunities and benefits. However, it is essential to approach this process with a thorough understanding of the facts and laws governing these programs. By working with reputable service providers, conducting proper due diligence, and prioritizing transparency, prospective applicants can navigate the intricate world of citizenship by investing confidently and responsibly. Remember, informed decisions are crucial to achieving your goals and safeguarding your future.

February 14, 2023
February 14, 2023

ABOUT THE REPORT

Western Europe, for all its flaws, remains among the world’s foremost regions in terms of quality of life. Characterized by comparatively high degrees of material well-being, security, and political predictability – and a uniquely old-world charm – life on the continent appeals to a global audience.

But the region has its drawbacks, chief among which are the almost uniformly heavy tax burdens it imposes on both individuals and companies.

Continue reading at www.imidaily.com

February 14, 2023

St Lucia’s Citizenship by Investment Program kicked off the new year with a host of changes to their program that make it even more enticing than ever.

The St Lucian government has decided to make its Citizenship by Investment Program more attractive to global investors looking to obtain a second citizenship through a shrewd investment while simultaneously ensuring its viability, scalability, and competitiveness in a market with more citizenship by investment programs than ever recorded.

Continue reading at www.imidaily.com

February 13, 2023

Our guests this week on the Mobility Standard were David Lesperance, Managing Partner of Lesperance & Associates, one of the world’s leading experts on international tax and immigration, and Melvin Warshaw, a US-based cross-border tax and private client lawyer with more than 40 years of experience in the field.

Lesperance and Warshaw are also the authors of our American Exceptionalism column, where they explore investment migration questions that uniquely impact Americans.

Continue reading at www.imidaily.com

Editor: Christian Henrik Nesheim

October 7, 2022

The Residences at Secret Bay, Dominica’s crown jewel development and only six-star, all-villa resort, announces it has paid out US$1 million in returns to investors and now has more than 100 Citizenship by Investment (CBI) owners from around the globe.

The globally-recognized CBI project, which is part of award-winning resort Secret Bay, just released year-over-year results between the fourth quarter of 2019 through the second quarter of 2022. During this period, The Residences at Secret Bay has outperformed expectations related to CBI investor growth, return on investment payout, total sales, ADR, occupancy rate, and resort employee growth.

Continue reading at www.imidaily.com

October 7, 2022

In a memorandum circulated yesterday, Saint Lucia’s Citizenship by Investment Unit informed stakeholders that it had resumed the processing of applications from Iranian citizens.

“The Unit,” explained the circular, “has been able to secure relationships with due diligence service providers who are able to perform the usual thorough standard of due diligence on Iranians.”

Continue reading at www.imidaily.com

Editor: Christian Henrik Nesheim

October 7, 2022

On September 12th, IMI reported on Greek Prime Minister Mitsotakis’ surprise announcement that he planned to double the required minimum investment necessary to qualify for the country’s golden visa under the program’s real estate option.

Mentioning the envisioned changes only briefly as part of a broader speech on policy plans, the PM offered little in the way of detail. This week, however, industry stakeholders with direct access are able to provide further nuance as to the details:

Continue reading at www.imidaily.com

Editor: Christian Henrik Nesheim

April 20, 2022

For the last year and a half, American participation in Portugal’s golden visa program and the share of applicants who choose fund investment have both risen sharply. That’s unlikely to be a coincidence.

In the first quarter of 2022, Portugal’s program raised some EUR 125 million (almost exactly the same amount as during the same quarter last year) from 261 main applicants, who invested an average of EUR 478,000 each, the lowest per-investor average investment figure on record. The average family size (2.06) has also reached a nadir in 2022.

Continue reading at www.imidaily.com

Editor: Christian Henrik Nesheim

April 20, 2022

Cyprus intends to cancel the passports of four sanctioned Russians that naturalized as Cypriots under the country’s now-defunct citizenship by investment program, the Cyprus Mail reports.

Though the government did not disclose the names of the individuals in question, government sources have confirmed that their names appeared on a list of the EU’s more than 800 sanctioned Russians and Belarusians. Another government source has confirmed to Cyprus Mail that, following a detailed review of Cypriot-Russian/Belarusian citizens, at least 21 individuals have been identified as either appearing on sanctions lists or being dependents of individuals who did. Cyprus is now moving to cancel the passports of all 21.

Continue reading at www.imidaily.com

Editor: Christian Henrik Nesheim

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