IMMIGRATION BY INVESTMENT

Following COVID-19, more high-net-worth individuals are exploring overseas options.   In an April interview with the Financial Times, French President Emmanuel Macron said that following the coronavirus, “it’s going to change the nature of globalization.” Writing for The Guardian, professor of economics and public policy at Harvard University, Kenneth Rogoff, said, “The post-pandemic world economy seems likely to be a far less globalized economy, with political leaders and publics rejecting openness in a manner unlike anything seen since the tariff wars and competitive devaluations of the 1930s. And the by-product will be not just slower growth but a significant fall in national...

IMMIGRATION BY INVESTMENT NEWS 2020

China has started tracking down some of its citizens living abroad to collect taxes, surprising expatriates who never had to pay levies back home on overseas income, according to people familiar with the matter.    State-owned enterprises operating in Hong Kong, which has one of the lowest tax rates in the world, told mainland Chinese expats recently to declare their 2019 income so they can pay taxes at home, according to the people, who asked not be named because they aren’t authorized to speak publicly on the matter. Chinese SOEs are also informing employees working in other places such as...

IMMIGRATION BY INVESTMENT NEWS 2020

  Investment raised through golden visas almost tripled (192 percent) in May, compared to the same month of 2019, to €146 million, according to statistics from the Foreigners and Borders Service (SEF). Last month, the total investment resulting from the granting of Residence Authorisation for Investment (ARI) reached €146,168,473.40, which represents an increase of 192 percent compared to the €50 million recorded in May 2019.   May recorded the highest monthly investment amount raised since March 2017, when €192.4 million were raised in ARI. In relation to April (€28 million), the investment raised more than quintupled (421 percent).   In...

IMMIGRATION BY INVESTMENT NEWS 2020

1. What is the single most important advantage your jurisdiction provides for Chinese clients? Curaçao is part of the Kingdom of the Netherlands, so it is a very transparent jurisdiction with a modern tax code that is similar to the Dutch tax code. Curaçao is not only a logistical gateway to Latin America with its natural harbor – with one of the largest container terminals in the Caribbean, a refinery and a large modern shipyard – but it can be considered a financial gateway to Latin America too. Curaçaohas an excellent financial sector, extremely favorable tax trading regimes, and modern holding...

IMMIGRATION BY INVESTMENT Q&A - COMPANY FORMATION 2020

By Leo Zhang. Because of its strategic location in the Mediterranean Sea, Cyprus has for centuries been a center for trade and a hub of commerce for the surrounding countries. Today Cyprus is a full member state of the European Union and also one of the countries that has joined the single currency, the euro. Tourism is Cyprus's main industry with 3 million tourists visiting every year. There are also high levels of education (spoken languages Greek English) and an abundance of European, American and Chinese products. Life is relaxing in Cyprus with the climate being perfect in all seasons. The...

ARTICLE OVERVIEW - EXECUTIVE SUMMARY 2020

What is unique in your jurisdiction and why Chinese investors should form companies there? Vanuatu has an attractive residency and citizenship program especially designed for Chinese nationals. The program requires investing in Vanuatu and for that a company is normally needed. Vanuatu is a recognized stepping stone for investors seeking Hong Kong residency. Vanuatu has close relations with China and there is a flourishing and growing Chinese community in the two largest cities, but there is no crowding. Opportunity yes. The Chinese have been a welcomed nation of investors and already there are major Chinese investments in Vanuatu. Having an offshore...

JURISDICTION 2014

Executive Summary:Vanuatu is a group of tropical islands on the eastern seaboard of Australia, off the coast of Queensland, with a mostly Melanesian population of 258,334 (2012). The 80 islands are mountainous, and some are volcanic. There are international airports on the two main islands; most connections are to Australia. The islands had British/French governance until independence in 1980; languages are English, French and Bislama (pidgin). The time zone is GMT plus 11 hours. There is a uni-cameral Parliament with a Westminster-model Prime Ministerial government and an elected President. The legal system is based on English common law with some...

IMMIGRATION BY INVESTMENT JURISDICTION 2014

Cyprus constitutes the ideal destination for those seeking to embark upon a new and desirable habitat. The island offers high living standards, extraordinary outdoor attractions and sceneries, a Mediterranean climate in conjunction with a stable, sound and contemporary business environment with quality infrastructure. In this way, the island signifies a suitable destination for a wide range of individuals either seeking a permanent oasis or potential business and employment opportunities. In combination with its ideal location, Cyprus offers a considerably advantageous gateway to Europe. The third largest Mediterranean island after Sicily and Sardinia, Cyprus is located in the North – Eastern...

SPONSORED CONTENT 2020