The Investment Migration Knowledge Platform
Greek property just got a whole lot cheaper. The new government has declared it will not collect VAT on real estate investments for the next three years.
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Many low tax jurisdictions also offer CIP and residency programs, and the overlap between the two previously distinct industries is now nearly complete.
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Changes in international taxation and the new economic substance rules offer unique advantages for some Caribbean and European CIPs, writes Carlyle Rogers.
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Carlyle Rogers: CARICOM finally appears to realize that the EU is out to destroy the region’s economic future under the guise of tax good governance and other red herrings. What took them so long?
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Contrary to protestations made by some, the OECD does not care about money laundering, due diligence weaknesses, terrorist financing, and fraud concerns regarding RCBI programs, writes Carlyle Rogers.
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Evgeny OrlovPanama Frequently, my readers or conference attendees ask me how ultra high net worth individuals, families, and international corporations manage to avoid almost all of the taxation and legal burdens the middle class faces, and whether such measures are only available to the exceptionally rich. The 5-step Walk to Total Freedom In this
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Kianoush MahmoudiDirector and Head of Business Development at Cankash Company Europe has no shortage of citizenship and residence by investment programs, each competing to court the most HNWIs and – by extension -foreign investment. At last count, in fact, more than half the countries in Europe had such programs. While all these programs are
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The EU has added Saint Kitts & Nevis to its list of so-called “non-cooperative” tax jurisdictions while dropping Saint Lucia. EU tax regulators have placed Antigua & Barbuda and Dominica on a “grey list”, according to Reuters. Until its listing on March 8th, Saint Kitts & Nevis had been the only remaining Caribbean CIP-country to
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The Organization for Economic Co-operation and Development (OECD) has published an open consultation paper in which it outlines how due diligence professionals can “prevent the abuse of investment migration programs to circumvent the CRS” (Common Reporting Standards), and is asking for public input to that effect. Of note is that the report explicitly emphasizes that
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By Stephane Tajick Since the end of Canada’s Federal Immigrant Investor program a few years ago by the Conservative Party, who used strong words to bash the program, the industry is still waiting for the new Liberal government to create a set of programs catering to high net worth individuals (HNWI) after the debacle of the Conservative
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The EU has removed Grenada – along with seven other countries – from its roster of non-cooperative tax jurisdictions, leaving Saint Lucia the only remaining CIP-country on the list. Grenada, Panama, Barbados, South Korea, Macau, Mongolia, Tunisia, and the UAE are now off the “blacklist” and have been moved onto a “grey list”, a group
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Contributed by Stephane Tajick Congress has given its final approval to the House and Senate conference committee agreement on tax reform legislation (HR 1), a bill that brings the widest change to US tax policy in 30 years. The reform will affect corporate and personal income tax, and replace the dreaded “worldwide taxation” policy with
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OPINION OF THE EDITOR: In the “City of God,” St. Augustine tells the story of a pirate captured by Alexander the Great. The Emperor angrily demanded of him, “How dare you molest the seas?” To which the pirate replied, “How dare you molest the whole world? Because I do it with a small boat, I
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As a proposed bill promises to offer a clear path to green-cards for E-2 investors, Dr Farooq elaborates on the tax implications of E-2 visas. By Dr. Hussain Farooq Copying any information from this article, whether partially or fully, is strictly prohibited without written consent of the author. Despite the travel ban put by the
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