IM People in The News

Sunak “Pulled The Pin on the Election Grenade”: Investment Migration People in the News This Week


Investment migration people in the news this week included:

  • David Lesperance of Lesperance & Associates
  • Judi Galst and Marios Raphael of Henley & Partners
  • Murat Coskun of Get Golden Visa
  • Lief Simon of Simon Letter
  • Willis Fu Yiu-wai of Goldmax Associates
  • Shai Zamanian of The American Legal Center
  • Armand Arton of Arton Capital
  • Nicholas Mastroianni III of U.S Immigration Fund – USIF


Bloomberg – Britain’s Rich Race to Save Their Wealth From Election Hit

“I have had previously hesitating clients go into panic mode,” David Lesperance, a Poland-based tax and immigration adviser for the ultra-rich, said on Sunak calling the July 4 vote. He “pulled the pin on the election grenade.”

[…]

The UK was expected to lose a net 3,200 high-net-worth individuals last year, the most in Europe and double 2022’s level, citizenship advisory firm Henley & Partners estimated. Britain’s reputation for legal and political stability has been rocked by the upheaval of Brexit and the chop-and-change of five different Tory Prime Ministers since 2016.


Business Tech – 6 countries where only super-rich South Africans can ‘buy’ citizenship – with one costing R138 million

The wealth report, published by international wealth advisory firm Henley & Partners in collaboration with global wealth intelligence partner New World Wealth, indicates that South Africa had 37,400 high-net-worth individuals (HNWIs) by the start of 2024.

[…]

According to Henley & Partners, residence and citizenship by investment are becoming increasingly popular investment strategies for a wider group of investors.


Barron’s – Looking to Move Abroad? Consider a Foreign Residency or Citizenship

Before 2020, there was very little interest in foreign residency or citizenship from Americans, but that changed after countries started opening up postpandemic, says Judi Galst, managing director of private clients with Henley & Partners USA in New York, which assists people in using investment programs to attain foreign residence and citizenship. Reasons for the uptick include political uncertainty, unprecedented work flexibility, and inflation concerns, she says. “We have more Americans seeking an alternative residence or citizenship than any other nationality right now,” Galst says. 

[…]

What’s the motivation? So much depends on the needs of the family looking into a move, says Murat Coskun, founder and managing partner of Get Golden Visa, a London-brd company that helps people invest in other countries for residency and citizenship-related purposes. Are they interested because they want to expand global mobility to travel more freely? Is their desire healthcare related? Are they looking for a place with a cheaper cost of living? Do they have school-age children who could benefit from a stronger educational system? Do they want to retain dual citizenship? “There can be many different reasons, and that would change the answer about which country would be right for the particular family,” Coskun says. 

[…]

Consider whether you want residency or citizenship. That will impact the programs you look at. Getting legal residency can be much easier to achieve than getting a second passport, says Lief Simon, founder of Simon Letter, which advises clients on issues pertaining to global diversification. But some people really want a second passport. And if your plan is to give up your U.S. citizenship, you have to have another passport, he adds.


The National Herald – Golden Visa Investors in Greece Look to Bank Deposits, Not Real Estate

“Amid the high growth of real estate investment, there is a shift of interest in inquiries from potential program applicants who want to explore options in financial instruments. So far, the most popular of them is the term deposit option with a 500,000-euro ($535,355) threshold. Up next comes the investment in government bonds Marios Raphael, head of the Geneva office of Henley & Partners, and who is responsible for the Greek portfolio, told Kathimerini.

[…]

“The real estate market is producing attractive returns and the trend is likely to continue. But … the Greek government, given the exponential increase in the number of investors applying for real estate, wants to aggressively strengthen investments in financial instruments,” Raphael said.


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South China Morning Post – Hong Kong’s new cash for residency scheme receives 251 applications by end of May

Willis Fu Yiu-wai, a senior immigration consultant at Goldmax Associates, said the amount applicants needed to put in and a seven-year investment lock-up might be less attractive than other schemes, such as that offered by the United States.

[…]

“HK$30 million is not a small amount for investment migration, and HK$3 million locked up for seven years for residency is a bit too long, which prompts people to move elsewhere for investments like America’s EB-5 immigration programme,” he added.

[…]

“It only takes them four to five years to recoup all the invested capital, which is a big difference,” said Fu, a registered migration agent for US Citizenship and Immigration Services.


Forbes – Three Paths For Entrepreneurs To Expand To The United States

Shai Zamanian, founder of The American Legal Center pens an article exploring the L1A, EB5, and E2 visas.

According to statistics released by the Bureau of Economic Analysis (BEA) for 2022, “expenditures to establish new U.S. businesses were $3.8 billion, and expenditures to expand existing foreign-owned businesses were $4.4 billion.” Canada, the United Kingdom, and France were the top three largest investing countries in the United States according to statistics by country of ultimate beneficial owner (UBO).

[…]

A key benefit of an L-1 visa is that there is no minimum investment requirement beyond an upfront filing fee of $1,000. Another benefit is that entrepreneurs can transfer essential personnel from their overseas operations to facilitate their business in the United States. Additionally, there is a premium processing time of approximately 15 business days from filing to adjudication of the application. According to statistics released by the United States Citizenship and Immigration Services (USCIS), the total number of L petitions received in the year 2023 was 1,531, out of which 98% were approved (automatic download). In Q1 2024, 329 L petitions were received by USCIS, of which 98.5% were approved. The high approval rate is in line with the objective of the L-1 visa program, which is to facilitate greater investment in the U.S. by multinational companies.

[…]

New EB-5 regulations passed in March 2022 allow investors to simultaneously submit their EB-5 and adjustment of status petitions to the United States. By virtue of receiving their travel papers and work permit, investors can live and work in the United States even before their EB-5 petition is approved.


Forbes – The Golden Years Of The EB5 Investor Immigration Program Are Now

As Armand Arton, President of Arton Capital put it, “In the face of world instability and migration, instead of putting up barriers, or just approving wealthy migrants, it is better to use filters to maximize the benefits of incoming capital for countries accepting investor immigrants.” This is what this EB-5 program is doing for America. In that sense, the program is working. That is certainly the view of many leading EB-5 attorneys, and those working in this field like Steven Reingold of Saul Ewing LLP and Jill Jones of JTC USA Holdings Inc., for example.


Financial Express – US EB-5 visa offers a secure path for Indian nationals to get permanent residency and American citizenship

Nicholas Mastroianni III of U.S Immigration Fund – USIF writes an op-ed on the benefits of the EB5 visa for Indians.

In an environment of fluctuating U.S. immigration policies and the instability associated with H-1B and F-1 visas, the EB-5 Immigrant Investor Program stands out as a robust pillar of stability for Indian nationals. This pathway not only ensures a more certain future but also squarely addresses Indian families’ concerns regarding education, career continuity, and the broader implications of securing a foothold in the U.S.

[…]

Amidst the uncertainties of U.S. immigration policy and the volatile professional environment, the EB-5 visa offers a reliable solution for Indian nationals. It not only provides a direct route to permanent residency and the potential for U.S. citizenship but also supports family stability and educational opportunities. With its comprehensive structure, inclusive benefits, and strong security measures, the EB-5 visa is highly favored among Indian investors. It stands out as an optimal choice for those seeking a secure, permanent residency in the U.S., avoiding the unpredictability associated with H-1B and F-1 visas and enhancing prospects for education and career continuity.

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Ahmad Abbas AdministratorAuthorSubscriberParticipant
Director of Content Services , Investment Migration Insider

Ahmad Abbas is Director of Content Services at Investment Migration Insider and an 8-year veteran of the investment migration industry.

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