More than half of those who lost citizenship are Iraqis, and Philippe May argues further consequences may follow those named in the order.
“French HNWIs would be naïve if they didn’t react,” comments Philippe May. The rich are “clearly preparing to exit,” says Bastien Trelcat.
PM Drew has already given the go-ahead for the judicial review and is the second regional PM this week to say he is ready to revoke citizenships.
CBI units who name applicants “will ruin the entire proposition” of CBI in countries that don’t allow dual citizenship, warns senior industry executive.
Malaysia has made its MM2H program more attainable for most people. But market observers say the reforms will not suffice to tip the scales.
Beyond sharing Portugal’s climate, Latin culture, and Atlantic coastline, Uruguay offers a tax holiday similar to NHR, writes Philippe May.
The new guideline “poses significant challenges for Thai tax residents,” emphasizes the Australian Chamber of Commerce in Thailand.
Investment migration people in the news this week.
“I just hope they don’t raise prices too much,” says Trelcat. “Look at what happened with Malaysia’s MM2H program when they raised prices.”
An average of 60 investors a year qualify for PR under Singapore’s GIP. Now, the government is quadrupling the minimum investment requirement.
“They are interested in having complete control over their population, including those who reside in HK.”
In the last four years, at least 13 countries have planned CIPs without actually opening them yet. Now, several are getting close to opening.
Philippe May, CEO of investment migration firm EC Holdings, said the most common request from China was “a second passport, quick”.
“The level of wealth they have achieved means they are unlikely to ever worry about money again,” Steffen said.
Investment migration people in the news this week.
Industry insiders, however, are not buying the figure, calling it “misinformation” and a practical impossibility.
The former Arton Capital MP, alongside eight other managing equity partners, hopes to put the spotlight on a range of unsung golden visas.
Philippe May and Martin St-Hilaire ask: Would it be the end of CBI in Vanuatu? Would a price cut be in order? Where would demand come from?
The global number of CBI-accredited agents is slowly recovering since the end of Cyprus’ CIP. Dominica adds to its agent blacklist.
If appeasing the EU was Malta’s goal, says Philippe May, it was unsuccessful. “These people are driven by ideology. They will never give up.”
