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Investors filed 7,904 applications for the Malaysia My Second Home (MM2H) program in 2019, according to the Ministry of Tourism, Arts, and Culture reports The Malaysian Reserve. While the number of approved applications is, as yet, unknown, the program has historically had a very low rejection rate and we may presume the final approval figure will be less than 10% below that of applications. The number makes the MM2H the world’s largest investment migration program by a wide margin; number two on the list in 2019 was the US EB-5 program, which approved 3,659 applications (as measured by I-829 forms). Mainland...

IMMIGRATION BY INVESTMENT EXPERT INSIGHTS 2020

As with most of the world, I am working from my home office and trying to make sense of the global pandemic that has overtaken the world-changing the way we live and making us re-examine our priorities. It has only been a short while since governments introduced drastic measures to counter the effects of the coronavirus and only time will tell if these actions have been successful.The impact of the coronavirus had led to governments shutting down borders, imposing quarantines, and limiting mobility. The knock-on effect, such as airlines reducing their number of flights, supermarkets running out of key supplies,...

IMMIGRATION BY INVESTMENT EXPERT INSIGHTS 2020

As the global investment migration heavyweight, China accounts for some two-thirds of applicants globally. In the last decade alone, more than 57,000 Chinese together spent at least US$44 billion on the residence by investment programs. But only a tiny proportion of those actually moved to their new country of residence/citizenship. Each year, hundreds (if not thousands) of Chinese investor migrants see their permanent residence permits canceled over their failure to meet physical presence requirements, typically in places like Australia and Canada. In this article, we’ll try to dissect the reasons why Chinese investors are so often migrants on paper only. #1 –...

IMMIGRATION BY INVESTMENT EXPERT INSIGHTS 2020

An interview with a regulated UK immigration advisor  Are you a business owner who would like to provide a better quality of life for your family, and expand your business at the same time? Then look no further than the United Kingdom, through the Representative of an Overseas Business visa route. Beyond Residence & Citizenship, a UK investment immigration firm can help you move to the UK in a matter of months, if you meet the requirements. We asked Polina Revzina, Partner of Beyond Residence & Citizenship, and a licensed UK immigration advisor with many years of experience in the...

IMMIGRATION BY INVESTMENT EXPERT INSIGHTS 2020

Gao Mingyue, Gao Jie, Beijing Guantao Zhongmao (Shanghai) law firm 一、Background analysis of cross-border testamentary succession When the Chinese high-net-worth individuals allocate the asset globally, many foreign high-net-worth individuals purchase real estate in China. After living in China for several years, some foreign high-net-worth individuals finally return home. Some of them only purchase real estate as an investment. These people will process and arrange their own property under their own wills in their country, which naturally includes real estate in China. Therefore, they will face the wills made overseas inherit real estate in China. The situation above is also more...

CORPORATE & FIDUCIARY EXPERT INSIGHTS 2020

In recent years, with the trend of asset allocation globalization, more and more high net worth individuals realize the importance of overseas status planning and building overseas homeworld. HNWI's asset allocation has shifted from simply focusing on wealth planning and tax planning to focusing on status planning and building a back garden for overseas life. The home country is still the first place for HNWIs to live and develop their businesses, but for investment, education, health, pension, vacation, medical and other reasons, they build their own overseas living garden. This overseas garden is an overseas home that matches with the...

IMMIGRATION BY INVESTMENT EXPERT INSIGHTS 2020

Some time ago, there was a piece of news that exploded suddenly in WeChat Moments. Hong Kong billionaire, Mr. Poon, had put his assets in an offshore trust a few decades ago. He, his wife and children were all beneficiaries of the trust. Decades later, when the couple got divorced, the wife took the husband to court in Hong Kong in order to divide the assets in the trust. The court eventually supported the wife’s claim that the assets in the trust were the communal property of both spouses, and they were divided equally between them. In this case, there...

CORPORATE & FIDUCIARY EXPERT INSIGHTS 2020

The word "immigration" appears increasingly in our life and work. Previously, we felt that immigration was leaving their native place to settle down in a new country. Later, we found that there were many additional values in immigration. With the increasing demand of immigration applicants, many people choose to emigrate because of the needs of global asset allocation, tax planning, children's education, old-age care, and other main aspects. The recognition and market enthusiasm for immigration also increased. For China's immigration applicants, most of them consider immigration is for their children’s education, next is their own old-age care, medical care, social...

IMMIGRATION BY INVESTMENT EXPERT INSIGHTS 2020