OECD Clampdown on RCBI: Rooted in Factual Analysis or Baseless Allegations?
Lawyer Julie Nguyen points to a lack of empirical evidence and unclear methods employed by the OECD in its crafting of a list of “High Risk RCBI Schemes”.
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RCBI-Industry Year-in-Review: Investment Migration’s Big Stories in 2018
In lieu of a newsletter summing up the past week in investment migration, this week we’re reviewing 2018 as a whole. Record Growth, Changing Chinese Preferences, Increased Media Attention: Investment Migration in 2018 On the whole, 2018 was the investment migration industry’s best year on record in several respects; never have so many individuals invested
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Tajick: 50+ Misleading, False and Biased Statements Found in EU Report on RCBI
Recently, the EU Parliament published a draft report on financial crimes, tax evasion, and tax avoidance. This draft report “Concludes that the potential economic benefits of CBI and RBI schemes do not offset the serious money laundering and tax evasion risks they present; calls on Member States to phase out all existing CBI or RBI schemes
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1 in 5 RCBI-Firms Say Dominica Will be Best-Selling Program This Year – 2018 Investment Migration Executive Survey
We surveyed 40 senior executives – CEOs, COOs, Principal Partners, and owners – from the leading residence and citizenship by investment consultancies around the world (not including China) to learn more about the trends shaping the investment migration market. Going forward, we intend to make this an annual survey which, we hope, will provide unique
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Burke Files: OECD-Countries Themselves are the Main Beneficiaries of RCBI-Programs
by L. Burke FilesDue Diligence Expert The OECD recently “blacklisted” 21 jurisdictions on the pretext that their CBI/RBI programs might be used to circumvent the Common Reporting Standards (CRS). The OECD’s report stated: “While residence and citizenship by investment (CBI/RBI) schemes allow individuals to obtain citizenship or residence rights through local investments or against
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IMC to OECD: Singling out RCBI-Countries “Makes No Sense and Cannot be Justified”
In a public response to the OECD’s “blacklisting” of jurisdictions with residence and citizenship by investment programs for alleged circumvention of the Common Reporting Standard (CRS), the Investment Migration Council writes that while they sympathize with many of the OECD’s motivations, tax and investment migration are two separate legal concepts that ought not to be
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Malta, Austria Have Best Citizenship, Residence Programs Finds Henley & Partners
In its fourth annual Global Residence and Citizenship Programs report, released today, Henley & Partners finds that Austria has bumped Portugal down to runner-up position and become the world’s best residence by investment program (RIP), while Malta retains its top spot as the world’s best citizenship by investment program (CIP). According to a company press
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European Parliament Publishes Report on RCBI-Programs
The European Parliamentary Research Service has published a report on residence and citizenship by investment programs in the EU, suggesting how the EU should “deal with” such schemes. The report comes as a result of requests from the European Parliament’sSpecial Committee on Financial Crimes, Tax Evasion and Tax Avoidance(TAX3) for a study on CBI and RBI
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Henderson: RCBI-Advisors Lose Clients By Not Really Listening to Them
When I renounced US citizenship last year, after years of debating the idea, the reaction from my friends and colleagues in developing countries like Georgia, Montenegro, and Malaysia was the same: “You’re an idiot.” Very few people – Americans and others alike – understood why I would give up what is widely considered to be
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22 Major RCBI Conferences Coming This Fall
From Shanghai to Saint Petersburg, from Beijing to Bangalore, the September-to-November RCBI-conference season is once more upon us. Over the next ten weeks, no less than 22 large-scale conferences, expos, and summits – both of the B2B and B2C variety – will take place. With such a torrent of events to choose from, many of
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CiviQuo – A New Business Hub for Golden Visa Agents
This sponsored feature was contributed by CiviQuo One of the challenges that agents and practitioners for residency and citizenship programmes face is that of competing for visibility, in what can be a veritable cut-throat global market. Despite the relative accessibility of online marketing, a strategic and extensive investment in resources is still required for companies
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Third of UHNWIs Hold Second Passport, Another Third Plan to Buy One, Wealth Report Finds
34% of Ultra High Net Worth Individuals (UHNWIs) – defined as those with a net worth in excess of US$30 million – have already obtained a second passport, according to Knight Frank’s 2018 Global Wealth Report. A further 29% of respondents to the report’s Attitudes Survey said they planned to purchase a citizenship, while 21% said
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