The introduction of onerous minimum presence rules (183 days) to prove tax residence in the United Arab Emirates are seeing UAE residents jilted by yet another tax change in the Emirates take up residence in the European Island of Malta where tax is only chargeable on a remittance basis and foreign source income and capital gains are outside the scope of Maltese taxation.
17 Feb 2023 Admin
The Portuguese Prime Minister Antonio Costa has this week announced the termination of the Portugal Golden Visa programme with the main aim to tackle the housing crisis in Portugal. As part of these housing measures, the cancellation of the Portugal Golden Visa programme is intended to eliminate the speculation in the real estate market and the increase in rents.
03 Jan 2023
The Saint Kitts & Nevis citizenship by investment unit, under the new leadership of Mr Michael Martin, who was appointed as CEO of the citizenship unit on the 13th of December, has announced a number of amendments to the St Kitts citizenship by investment programme.
15 Sep 2022
The Greece Golden Visa currently requires investors to invest at least €250,000 in residential or commercial real estate. Successful applicants and their qualifying family members receive permanent residence in Greece which is valid as long as the investor maintains the investment property in Greece.
24 Aug 2022
The Citizenship by Investment Unit of Antigua and Barbuda had initially announced on the 4th of March 2022 that it was temporarily suspending the receipt of citizenship applications from citizens of Russia, Belarus and Ukraine. On the 8th of July this decision was reversed, and the citizenship unit resumed processing of applications only for nationals of Russia and Belarus.
11 Jul 2022 Admin
On March 10th, Grenada’s Citizenship by Investment Unit had issued a circular prohibiting individuals with Russian and Belarussian citizenship from applying under the Grenada Citizenship by Investment Programme. In March of 2022, all of the five Caribbean countries precluded Russians and Belarussians from applying under the various citizenship programmes.
16 May 2022
Turkey’s cabinet of Ministers had indicated last month that the minimum investment amount to apply for Turkish citizenship through the real estate option was due to increase.
07 Feb 2022
In the CBI Index issued by the PWM Magazine of the Financial Times, Malta, Dominica, and St Kitts & Nevis a have been considered to have the best CBI Programme Due Diligence Process.
17 Jan 2022
Montenegro Citizenship by Investment Programme has been renewed by The Government of Montenegro until the end of 2022. Requirements and benefits for investors are amended.
10 Jan 2022
The Turkish Citizenship by Investment Programme