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    Find out how Asia Outbound can introduce you to new intermediaries for your project or services.       By Hamish Boland-Rudder   The deal has been praised as a historic step in ending the ‘race-to-the-bottom between tax havens but will need international backing to move forward.   A group of the world’s most economically advanced nations has agreed on landmark new reforms to crack down on cross-border tax avoidance that would force multinational corporations like Google and Apple to pay taxes in the countries where they operate, rather than in tax havens where they choose to shift their profits....

CORPORATE & FIDUCIARY NEWS 2021

By Nwachukwu Egbunike   Is China's silk road leading Nigeria to sufficiency or imperialism?    In December 2020, the latest of China’s many industrial investments in Nigeria, the railway between Lagos and Ibadan, became operational. Running 156 kilometers long and costing some $1.5 billion US dollars (USD), its opening was accompanied by public fanfare and Chinese government tweets, celebrating it as another victory for both Chinese-led developments, and for China’s public image in sub-Saharan Africa.    Over the past two decades, China’s investment in Nigerian industries, and especially transport, has offered Nigeria access to capital and expertise for badly needed development, at...

FOREIGN DIRECT INVESTMENT NEWS 2021

    Find out how Asia Outbound can introduce you to new intermediaries for your project or services.           Amendments introduce new investment options and improved processing.   March 12, 2021 — Today, in the Bulgarian State Gazette, the recently voted bill on amending the legislation governing the country’s Investor Program for Residence and Citizenship was promulgated. Among the changes are new investment options and requirements, abolishment of the original government bond option, modified application procedure, and improved processing times.   The amendments are largely in response to the recommendations of the European Commission, which are aimed at streamlining and...

FOREIGN DIRECT INVESTMENT NEWS 2021

  Find out how Asia Outbound can introduce you to new intermediaries for your project or services.       By Ramola Talwar Badam   Thousands of residents have been receiving their long-term residency visas, but how can you get one?   The golden card is a long-term residency programme announced by Sheikh Mohammed bin Rashid, Prime Minister and Ruler of Dubai, in May 2019. Not long after its launch, more than 400 investors and businessmen, including some of their families, had already been granted the visa, with dozens more receiving it each day.   Sheikh Mohammed said 6,800 investors and residents, worth an estimated...

IMMIGRATION BY INVESTMENT NEWS 2021

  Find out how Asia Outbound can introduce you to new intermediaries for your project or services.         Malta retains its coveted title as the safest country in Europe for the second time.   According to the 2019 Global Wealth Migration Review, published by the New World Health, Malta ranked second globally and first in Europe.   Several criteria determined the outcome of the report. A few include; wealth growth, economic growth, press freedom, and women’s safety. The study focused on the movements of the wealthiest men and women.   Among other European countries, Malta maintained its status as a...

IMMIGRATION BY INVESTMENT NEWS 2021

China is willing to invest a total of $400 billion in Iran’s economic sectors as part of its 25-Year Cooperation Agreement, some $80 billion of which are to be in the mining sector, the head of Mines and Mineral Industries Commission of Iran Chamber of Commerce, Industries, Mines and Agriculture said. “The significance of this amount becomes even more prominent when we take into account that over the last 95 years and since the reign of Reza Shah [the first Pahlavi monarch] up until now, investments made in Iran’s mines and mineral industries did not exceed $50 billion,” Bahram Shakouri...

FOREIGN DIRECT INVESTMENT NEWS 2021

  Find out how Asia Outbound can introduce you to new intermediaries for your project or services.       A Henley & Partners representative has admitted to advising passport buyers to “do the bare minimum” when it comes to satisfying the criteria for the scheme.     In an undercover video shot by The Guardian, Henley & Partners’ Dominic Volek explained how the one-year residency requirement does not mean passport applicants must live in Malta for the entire year.     “But in order to establish genuine links to the country, the government does want any adult applicants to spend at least three weeks...

IMMIGRATION BY INVESTMENT NEWS 2021

  Find out how Asia Outbound can introduce you to new intermediaries for your project or services.       By Kelly Le   China’s central bank is exploring a new stance towards Bitcoin and other cryptocurrencies, now calling them investment vehicles – but not currency   China’s central bank officials said that bitcoin and other cryptocurrencies should be regulated as “investment vehicles” or “alternative investments” in the Boao Forum this weekend, as reported by CCTV, a Chinese state-owned TV station.    “We believe Bitcoin and stable coins are crypto-assets that should be regarded as investment vehicles, not currencies,” said Li bo, the Deputy...

PRIVATE & INTERNATIONAL BANKING NEWS 2021