Thailand’s Tax Tightening on Foreign Income Raises Questions About Implementation
The new guideline “poses significant challenges for Thai tax residents,” emphasizes the Australian Chamber of Commerce in Thailand.
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asia-pacific
Indonesia’s New Golden Visa Misses the Mark in What Could Be the World’s Next Great Residency Destination
Too expensive, not permanent, and not providing any solutions that don’t already exist: Brian Greco’s verdict on Indonesia’s new golden visa.
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As Malaysia’s Federal MM2H Withers Under Stricter Rules, Sarawak’s MM2H Sees 2,800% Increase in Approvals
Now nearly 7 times cheaper than the national version and with much more flexible presence requirements, Sarawak’s MM2H is thriving.
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Vanuatu: Schengen-Access Suspension Saw CBI as Share of Govt Cut in Half
Vanuatu’s CBI revenue has cratered since the loss of Schengen. A commission has been formed to find out what went wrong – and who is to blame.
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South Korea Doubles Investment Requirement for Investor Visa
South Korea’s investor visa, which has raised at least US$10 billion in the last 23 years, is doubling the real estate minimum investment.
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Residency in Singapore for Entrepreneurs – Hiring Yourself Still Works Under New Rules
The Global Investor Program costs millions. Entrepass requires VC funding. For entrepreneurs seeking a base in Singapore, the EP Visa still works best.
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Australia Sharply Reduces BIIP Visa Availability for 2023/24 Despite Record Backlog
“The future of the BIIP is uncertain,” writes James Hall, pointing to new planning levels that will exacerbate the already huge backlog.
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Malaysia M2H Applications Down by 90% Since New Rules Imposed, Says Industry Association
The quadrupling of the MM2H income requirement has caused a collapse in applications. “Those who now qualify have better options,” say agents.
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Vanuatu Launches AUD-Denominated CBI Bond Investment Option
The government will appoint a single Master Agent to market the world’s only sub-US$100,000 (technically speaking) CBI option globally.
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Singapore Global Investor Program Quadruples Min. Investment Requirement
An average of 60 investors a year qualify for PR under Singapore’s GIP. Now, the government is quadrupling the minimum investment requirement.
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State Govt. Approves New Sabah-MM2H: Malaysia Now Has 4 Residence-by-Deposit Programs With Different Prices
Malaysia now has four residence-by-deposit programs that let participants live anywhere in the country, but two of them have an 80% discount.
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EU Gives Vanuatu 18 More Months to “Fix” CIP Before Enacting Full Suspension of Schengen Visa-Waiver
Vanuatu will actively involve the EU in the process of reforming its citizenship by investment programs to Brussels’ satisfaction.
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Unsung IM Programs Part 4: Philippines Special Investor Residence Permit (SIRV)
A modest investment at flexible terms enables residency and a path to citizenship in a highly livable country with a tiger economy.
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Sri Lanka’s $75,000 Real Estate Investment-Based Long Term Residence Visa Launches
Sri Lanka now offers visas of 5- to 10-year validities for investments in condominiums from US$75,000 to US$500,000.
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Uzbek Govt. Submits Bill to Allow US$1 million Citizenship by Investment
Uzbekistan appears to be the latest country aiming to attract the growing diaspora of affluent and/or talented Russians.
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EU Council Fully Suspends Vanuatu’s Visa-Waiver Agreement
The EU Council is extending the visa-waiver suspension to non-CBI citizens of Vanuatu, citing a “lack of progress” in addressing concerns.
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Thailand Elite Membership Passes 20,000 – Approvals of Chinese Nearly Tripled in 2022
The Chinese market recovery in 2022 is borne out by statistics from several programs. Thailand’s Elite visa is a primary beneficiary.
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Laos to Grant Honorary Citizenship to Those Who Invest and Donate US$1.5 million
As in Jordan, the high-ticket CIP is likely to serve more as an incidental bonus for already-existing investment than to attract new capital.
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Australia’s New Home Minister Hints She May Close Significant Investor Visa Program
“It is a visa program that I think isn’t adding value to the country,” said the Home Affairs Minister in a recent press conference.
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In Astonishing Claim, Malaysian Govt. Says Premium Visa Program Got 20,000 Applications on First Day
Industry insiders, however, are not buying the figure, calling it “misinformation” and a practical impossibility.
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