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Montenegro Promises EU to Terminate ‘Golden Passport’ Scheme

By Samir Kajosevic Prime Minister Abazovic on Thursday in Brussels vowed to end the economic citizenship program by December 31, following criticism of such programs by the European Commission. Montenegrin Prime Minister Dritan Abazovic on Thursday said during his first official visit to Brussels that the controversial economic citizenship program will end on December 31. Abazovic’s minority government was elected on April 28, with a one-year mandate to prepare for early elections next spring.   “The government understands the negative comments of the European Commission when it comes to the program of economic citizenship. I think it is clear that the...

How the updated Golden Visa regulations are spurring demand for Dubai’s real estate

By Nabila Rahal Ten-year-residency and similar initiatives, coupled with UAE’s coronavirus response, are the driving forces behind property market’s success, the ZāZEN Properties COO said Recent updates to the UAE’s Golden Visa regulations have a positive impact on many sectors, including Dubai’s real estate said, Madhav Dhar, Co-founder and COO, ZāZEN Properties. Dhar credits the recent updates to the ten-year residency, along with the successful coronavirus response that the UAE exhibited, for the significant recent boom in Dubai’s property market. In an exclusive interview with Arabian Business, Dhar also discusses the importance of sustainable real estate, especially in light of the UAE hosting COP28...

First-Class Tax Opportunities: Golden Visas And Passports

By Tax Notes Staff Elodie Lamer and Nana Ama Sarfo of Tax Notes discuss the tax implications of golden visas and passports, which allow affluent foreigners to receive residency or citizenship in exchange for a minimum level of investment.   This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I'm David Stewart, editor in chief of Tax Notes Today International. This week: good as gold. The idea of immigration often conjures up black and white images of huddled masses on ships in New York Harbor. People seeking new opportunities to make their fortune. But what happens for people...
中文

Key Trends in Cayman and the BVI for Investment Funds, M&A, and Finance Transactions in 2022

With inflationary pressures coming to the fore in certain areas of the global economy and the continuing impact of Covid-19, there are many important and urgent issues to discuss. In our capacity as offshore legal advisers, we wanted to highlight some of the features from our Investment Funds/M&A and Finance practice from 2021 which we think will continue to trend in 2022, subject to global economic pressures, the recovery from the impact of the pandemic and the economic fallout from the developing conflict in Ukraine.  Series Financing: Many of the legal developments and client trends in 2021 will continue to...
中文

Corporate Concerns over Global Tax Deal

By Christopher CondonWhile Treasury Secretary Yellen expects businesses to back the push for a global minimum tax, the U.S. Chamber of Commerce worries some still-ambiguous elements may disadvantage U.S. businesses.Neil Bradley, chief policy officer for the U.S. Chamber of Commerce, said the group has grown increasingly concerned that a fledgling global tax deal may “fundamentally disadvantage U.S. companies.” Bradley’s remarks, in an interview Tuesday at Bloomberg News in Washington, cast doubt on Treasury Secretary Janet Yellen’s view that U.S. corporate leaders would eventually support the historic deal and urge Congress to pass the legislation necessary to implement it. There is...
中文

India focused offshore funds, ETFs log $435-mn outflow in Q3

This was way higher than the net outflows of USD 95 million registered during the quarter ended September 2021India-focused offshore funds and exchange-traded funds (ETFs) witnessed a net outflow of USD 435 million in three months ended December 2021, making it the 15th consecutive quarter of withdrawal, according to a Morningstar report released on Wednesday. This was way higher than the net outflows of USD 95 million registered during the quarter ended September 2021.The higher outflow during the quarter under review could be attributed to "enhanced concerns on the global and domestic fronts and driven by the US Fed's hawkish...