CBI Magazine NYC Special Edition

CITIZENSHIP BY INVESTMENT ISSUE 27 NYC SPECIAL EDITION 2024

Summer/Autumn 2024 1

Contents

NYC Special Edition

2024

4 Welcome Notes: Sam Hussain,

Publisher, & Mona Shah

5 Thanks to BLS Global Event Sponsors

8 Best Retirement Destinations

12 Moving Trends: Where are Americans

Moving to & Why?

14 Complete Tax Guide for US Citizens

17 Antigua & Barbuda Country Spotlight

26 Portugal Country Spotlight

34 Portugal Highly Qualified Activities

(HQA) Residency Visa 2024

36 Portugal D7 Visa:

The Passive Income Residency

40 St Kitts & Nevis Citizenship by

Investment Program

48 St Lucia Citizenship by

Investment Program

50 United Kingdom Residency

by Investment

54 UK Tax Landscape: Preparing for the

End of the Non-Dom Era

56 Where to Get Residency & Citizenship

by Real Estate Investment in 2024

62 Happily Ever After: Where to Retire?

69 How Much Longer Will the

US be the Top Destination for

Foreign Students?

74 Has Hong Kong Lost its Appeal as a

Financial Hub for Asia?

76 The American Dream Decoded: A Brief

Guide for Relocating to the US

78 Beyond Borders: Your Guide to Retiring

Outside the US

82 Americans Abroad: A Guide to

Relocating a Family Overseas

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Copyright © BLS Media Ltd, 2024

2 Citizenship By Investment


Welcome

“Our lives are in countless ways defined by our

citizenship. The country we belong to affects our

rights, our travel possibilities and ultimately

our chances in life.” - Dr. Kristin Surak

Is the concept of the global citizen here to stay? How far do

global issues affect where we want to spend our lives, whether

it is the calm, tranquil backwaters of southern Europe or the

Caribbean, or vibrant cities of London, Dubai and New York?

In 2024, although we have emerged from a global pandemic, the

mindsets of many have changed. Since the outbreak of fighting

in Gaza and Ukraine, investment strategists have warned that

a wider war could break out in the Middle East and Europe,

crimping the world’s oil supply and sending shock waves

throughout the global economy. Will the United States, the

traditional bastion of capitalism, continue to be the country of

choice for many? And yet, the number of Americans leaving the

US, even renouncing citizenship, have reached record levels.

It is not just the wealthy Asian, but also the wealthy American

and European who are increasingly ill at ease in their respective

home countries, looking to acquire the safety net of a second (or

third) passport. COVID-19 supercharged a trend that does not

seem to have dissipated.

This special edition of CBI Magazine highlights some of the

many programs offering citizenship and residency available

by investments, with newer countries emerging amongst the

conventional. It is our hope that publications like this will

increase awareness and provide much-needed guidance at all

points of the investment pipeline.

As always, please look out for our accompanying podcasts -

Global Investment Voice.

And finally, I would like to thank the hardworking team in New

York, including Megan, Jessica, Jonathan, and Joanna, for their

tireless efforts in creating the content of this magazine.

Sincerely,

Mona Shah, ESQ.

Mona Shah & Partners,

Global Practice

Publisher's welcome

As we embark on

yet another edition

of Citizenship By

Investment, it is my

pleasure to welcome

our readers to NYC

pecial Edition. In

today’s ever-shifting

global landscape,

mobility has become

the ultimate currency

of success and security. As the demand for second

citizenship and residency options continues to

surge, Citizenship By Investment magazine stands

at the forefront of this conversation, offering

insights and expertise to guide you through this

transformative journey.

This edition is not just a reflection of the progress in the investment

migration industry, but also an invitation - an invitation to explore

the boundless possibilities that await those willing to invest in their

futures. From exclusive features on the world’s most attractive CBI

programs to expert analyses on emerging markets, we delve deep into

the evolving strategies that redefine global citizenship.

As we navigate through 2024, we are reminded of how critical this

industry has become in shaping lives and securing legacies. With

each issue, we aim to illuminate pathways that allow individuals to

not only secure better opportunities for themselves but also create

a positive ripple effect across borders. Whether you’re a seasoned

investor or someone just beginning to explore the benefits of second

citizenship, our goal is to provide the knowledge and tools to make

informed decisions that truly elevate your global presence.

Following NYC Expo we will be hosting IRES - International Real

Estate Expo, Mumbai India, 30th November 2024.

I extend my sincere gratitude to our esteemed contributors, partners,

and sponsors who make this platform possible. Your dedication

helps us continuously push the boundaries, enriching the lives of our

readers and enabling them to take confident steps toward their future.

Join us in discovering the world of investment migration, where freedom,

security, and global mobility become the new standards of success.

Warm regards,

Sam Hussain,

Publisher, Citizenship By Investment

Thank you to our sponsors at NYC Expo,

New York, 16th October 2024



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(212) 233-7473 | fax (212) 233-4877



GREECE

Located in Southeastern Europe, Greece is famous for its ancient

history, stunning islands, and Mediterranean climate. The official

language is Greek. Greece offers a laid-back lifestyle, emphasizing

outdoor activities, family gatherings, and rich cultural traditions.

Residency and Citizenship Requirements: The Golden Visa program

in Greece requires a minimum real estate investment of €250,000.

This visa grants residency with Schengen Area access and eligibility

for citizenship after seven years of continuous residency.

Quality of Life:

• Relaxed and affordable lifestyle.

• Warm Mediterranean climate with over 300 sunny days a year.

• Access to beautiful beaches and historical sites.

Healthcare System: Greece has a universal healthcare system that

provides both public and private options. While public healthcare is

generally good, many expatriates prefer private healthcare for shorter

waiting times and more personalized care.

Best Retirement

Destinations around the World

Retirement is about finding a place that offers not only luxury and comfort but also

favorable financial conditions, excellent healthcare, and a vibrant lifestyle. Here, we explore

some of the top retirement destinations around the world, detailing their unique offerings,

residency requirements, quality of life, and healthcare systems.

FRANCE

Situated in Western Europe, France is known for its romantic cities,

beautiful countryside, and stunning coastlines. The official language

is French. France offers a sophisticated lifestyle with rich cultural

experiences, world-class cuisine, and historical landmarks. From

the bustling streets of Paris to the serene vineyards of Bordeaux, the

country provides a diverse and vibrant living environment.

Residency and Citizenship Requirements: France offers a Long-Stay

Visa for retirees who can prove sufficient financial resources, and the

Talent Passport for those investing in innovative projects. Both visas

provide pathways to permanent residency and eventually citizenship.

Quality of Life:

• High standard of living with excellent infrastructure.

• Rich cultural and social life with numerous events, museums,

and festivals.

• Beautiful landscapes and diverse climates.

Healthcare System: France boasts one of the best healthcare systems

in the world, providing high-quality medical services at relatively

low costs. Both public and private healthcare options are available,

ensuring comprehensive health coverage.

SPAIN

Situated in Southwestern Europe, Spain is known for its vibrant

culture, diverse landscapes, and sunny weather. The official language

is Spanish. Spain offers a mix of bustling cities and peaceful coastal

towns, making it an ideal destination for retirees looking for both

excitement and relaxation.

Residency and Citizenship Requirements: Spain’s Golden Visa

program requires a real estate investment of €500,000. This visa

allows for permanent residency and citizenship after ten years.

Quality of Life:

• High quality of life with excellent healthcare and infrastructure.

• Warm climate and rich cultural scene with festivals, arts,

and cuisine.

• Diverse landscapes, including beaches, mountains,

and countryside.

Healthcare System: Spain’s healthcare system is ranked among the

best globally, offering both public and private healthcare services. The

public system provides comprehensive coverage, while the private

system offers faster services and more personalized care.

PORTUGAL

Located in Southern Europe, Portugal is known for its mild

climate, scenic landscapes, and friendly locals. The official language

Spain offers a mix of bustling cities

and peaceful coastal towns, making it an

ideal destination for retirees looking for

both excitement and relaxation.



Quality of Life:

• Extremely affordable cost of living.

• Rich cultural heritage and natural landscapes.

• Friendly and welcoming local population.

Healthcare System: Ecuador provides both public and private

healthcare services. While the public system is affordable, many expats

prefer private healthcare for its higher quality and faster service.

COSTA RICA

Costa Rica, located in Central America, is renowned for its

biodiversity, eco-friendly practices, and peaceful lifestyle. The official

language is Spanish. Costa Rica emphasizes outdoor activities,

community living, and a strong connection to nature.

Residency and Citizenship Requirements: Costa Rica’s Pensionado

Program requires a monthly pension income of $1,000. This visa

offers temporary residency, which can be converted to permanent

residency after three years.

Healthcare System: Malaysia has a well-developed healthcare system

with both public and private options. The private healthcare sector is

highly regarded for its quality and affordability.

CARIBBEAN COUNTRIES

The Caribbean, comprising numerous island nations, offers stunning

beaches, warm climates, and vibrant cultures. English, French, and

Spanish are commonly spoken languages depending on the island.

Residency and Citizenship Requirements: Several Caribbean nations

offer Citizenship by Investment programs, such as those in St. Kitts and

Nevis, Antigua and Barbuda, and Dominica. These programs typically

involve real estate investments or contributions to national funds.

Quality of Life:

• Relaxed, luxurious lifestyle with a focus on outdoor activities

and community living.

• The cost of living varies by island, but many offer affordable

options for retirees.

• Stunning natural beauty and a laid-back way of life.

Quality of Life:

• High standard of living with a focus on environmental

sustainability.

Healthcare System: Healthcare quality varies across the Caribbean, but

many islands provide good private healthcare facilities. Some retirees

opt for private health insurance to access the best services available.

is Portuguese. Portugal offers a relaxed lifestyle with a focus on

outdoor activities, delicious cuisine, and rich cultural heritage.

Residency and Citizenship Requirements: Portugal’s Golden Visa

program requires a real estate investment of €500,000 or €350,000 in

research and development funds. Citizenship is possible after five years.

Residency and Citizenship Requirements: Panama’s Pensionado Visa is

available to retirees with a pension income of at least $1,000 per month.

This visa grants permanent residency and access to various discounts.

Quality of Life:

• High quality of life with a low cost of living.

• Politically stable and known for its friendly population.

• Rich biodiversity and outdoor activities.

Healthcare System: Costa Rica’s healthcare system is one of the

best in Latin America, offering both public and private healthcare

options. The public system is very affordable and comprehensive.

Quality of Life:

• Modern amenities and infrastructure.

MALAYSIA

• High quality of life with a low cost of living.

• Safe environment with welcoming communities.

• Beautiful landscapes and vibrant cultural scene.

Healthcare System: Portugal has an excellent healthcare system

with both public and private options. The public healthcare system

provides comprehensive coverage, while the private sector offers

high-quality services at affordable prices.

PANAMA

Panama is a Central American country known for its modern

infrastructure, vibrant city life, and beautiful beaches. The official

language is Spanish. Panama offers a blend of urban sophistication

and tropical relaxation, making it a popular destination for retirees.

• Warm climate and diverse natural beauty.

Healthcare System: Panama’s healthcare system is modern and

affordable. The country has numerous private hospitals that provide

high-quality medical care at a fraction of the cost in the United States.

ECUADOR

Ecuador, located in South America, is known for its diverse

geography, including the Amazon rainforest, Andes mountains, and

Pacific coastline. The official language is Spanish. Ecuador offers a

laid-back and community-oriented lifestyle.

Residency and Citizenship Requirements: Ecuador’s Pensioner Visa

requires a minimum income of $800 per month from a stable source,

providing permanent residency and a pathway to citizenship after

three years.

Malaysia, located in Southeast Asia, is known for its multicultural

society, modern cities, and beautiful natural landscapes. The official

language is Malay, but English is widely spoken. The lifestyle is a mix

of traditional and modern influences.

Residency and Citizenship Requirements: Malaysia’s My Second

Home (MM2H) program requires showing liquid assets of at least

$150,000 and an offshore income of $10,000 per month. This

program offers long-term residency.

Quality of Life:

• Affordable yet luxurious lifestyle.

• High-quality healthcare and infrastructure.

• Multicultural society with excellent cuisine and cultural diversity.

Selecting the right retirement destination involves balancing

lifestyle preferences with practical considerations such as residency

requirements, quality of life, and healthcare. Each of these countries

offers unique benefits, making them attractive options for HNWIs

seeking a comfortable and enriching retirement abroad. By exploring

these destinations, retirees can find the perfect place to enjoy their

golden years with peace of mind and enhanced well-being.



• OTHER EMERGING DESTINATIONS: Besides the

Caribbean and Europe, other countries are becoming increasingly

popular among American HNWIs. Turkey’s citizenship by

investment program has gained traction due to its relatively low

investment threshold and strategic location. Similarly, Malaysia’s

‘My Second Home’ program attracts those looking for a blend of

affordability, quality of life, and business opportunities.

Moving Trends: Where are

Americans Moving to and Why?

In recent years, a significant trend has emerged

among affluent Americans seeking second

citizenships or residency in other countries. This

phenomenon, driven by a variety of factors, has seen

an increase in high-net-worth individuals (HNWIs)

exploring and securing citizenship by investment

(CBI) or residency by investment (RBI) programs.

The motivations behind this trend, the countries they

are choosing, and the implications of these decisions

are complex and multifaceted.

The Drivers Behind the Trend

• ECONOMIC AND TAX CONSIDERATIONS: One of the

primary drivers for Americans pursuing second citizenships or

residencies is the potential for economic and tax benefits. The

U.S. tax system, which taxes its citizens on worldwide income,

can be particularly burdensome. Many Americans are seeking

jurisdictions with more favorable tax regimes to minimize their

tax liabilities. For instance, countries like Portugal, through its

Golden Visa program, offer attractive tax benefits but also require

careful navigation of U.S. tax obligations, such as the Foreign

Bank Account Reporting (FBAR) and Passive Foreign Investment

Company (PFIC) rules.

• POLITICAL AND SOCIAL CLIMATE: The increasing

political polarization and social unrest in the United States have

also contributed to the desire for a ‘Plan B’. Issues such as mass

shootings, political instability, and the perception of declining

quality of life are prompting many to look for safer and more stable

environments for their families. The pandemic further highlighted

these concerns, with travel restrictions and health crises pushing

people to reconsider their living situations.

Popular Destinations for American HNWIs

• CARIBBEAN COUNTRIES: The Caribbean has become a

popular destination for American HNWIs due to its proximity,

favorable climate, and well-established CBI programs. Countries

like St. Kitts & Nevis, Grenada, Dominica, and Antigua &

Barbuda offer relatively straightforward paths to citizenship

through investment. These programs are attractive not only for

their tax advantages but also for the lifestyle benefits they offer.

• EUROPEAN COUNTRIES: European countries, particularly

Portugal and Spain, have seen a significant influx of American

investors through their Golden Visa programs. These programs

require substantial investments in real estate or funds and offer

residency with the possibility of citizenship after a certain period.

The appeal lies in the access to the European Union, high quality

of life, and robust healthcare systems. Nowadays, Greece’s Golden

Visa has become another attractive destination for HNWIs.

The Broader Implications

The trend of seeking second citizenships and residencies reflects

broader global shifts. The COVID-19 pandemic has redefined

the priorities for many, emphasizing health security, mobility, and

political stability. As borders became more restrictive, the desire for

flexible travel and multiple residencies surged. This trend is likely to

continue as geopolitical and economic uncertainties persist.

Furthermore, this movement has significant implications for

the countries involved. While it brings in substantial foreign

investment, it also requires these countries to manage the socioeconomic

impacts of an influx of wealthy individuals. Balancing the

benefits of foreign capital with the needs of the local population

remains a critical challenge.

The trend of Americans, particularly HNWIs, seeking second

citizenship and residencies is driven by a combination of tax

considerations, political instability, and the desire for a better quality

of life. Countries offering attractive CBI and RBI programs are

becoming preferred destinations, with the Caribbean and Europe

leading the way. This shift not only affects individual lives but also has

broader implications for global mobility and economic landscapes.

As this trend continues, it will be crucial for both the migrants

and host countries to navigate the associated challenges and

opportunities effectively.



A Complete Tax

Guide for U.S. Citizens

Living Abroad

United States citizens living abroad, often referred

to as expatriates or expats, are generally required to

file U.S. income tax returns, similar to individuals

residing in the United States. However, the tax

obligations for expats can vary and become more

complex due to their international status. Navigating

the tax obligations as a U.S. citizen living abroad

requires a deep understanding of exclusions, credits,

and reporting requirements. Here’s a detailed guide to

help you manage your tax responsibilities effectively.

Do U.S. Expats Pay Taxes?

If you’re a U.S. citizen or resident living or traveling outside the

United States, you’re usually required to file an income tax return

using Form 1040, just like individuals residing in the U.S. The need

to file depends on your income, filing status, and age. Typically, you

should file a return if your total income from all sources worldwide

meets or exceeds the threshold for your filing status as outlined in the

Filing Requirements table in Chapter 1 of Publication 54, Tax Guide

for U.S. Citizens and Resident Aliens Abroad.

Foreign Earned Income Exclusion (FEIE)

The FEIE allows eligible taxpayers to exclude up to $126,500 of

foreign-earned income from U.S. taxation for the 2024 tax year. To

qualify, you must meet either the Bona Fide Residence Test or the

Physical Presence Test, which requires you to reside or be physically

present in a foreign country for a specified period.

Foreign Tax Credit (FTC)

The FTC helps mitigate double taxation by allowing you to claim

a credit for income taxes paid to a foreign government. This credit

can offset your U.S. tax liability on foreign income, reducing or

eliminating double taxation. You must file Form 1116 to claim

the FTC.

Additional Tax Forms

When filing taxes as a U.S. citizen living abroad, several forms are

essential to ensure compliance and maximize your benefits:

• FORM 1040: This is the standard U.S. individual income tax

return. All U.S. taxpayers must file this form annually to report

their worldwide income.

• FORM 2555: This form is used to claim the Foreign Earned

Income Exclusion (FEIE). It requires detailed information about

your foreign residency or physical presence to determine eligibility.

• FORM 1116: This form is used to claim the Foreign Tax Credit

(FTC). It involves calculating the amount of foreign taxes paid

and determining the credit that can be applied against your U.S.

tax liability.

• FINCEN FORM 114 (FBAR): The Report of Foreign Bank

and Financial Accounts (FBAR) is required if the total value of

your foreign financial accounts exceeds $10,000 at any time during

the calendar year. This form must be filed electronically with the

Financial Crimes Enforcement Network (FinCEN).

• IRS FORM 8938: This form is part of the Foreign Account

Tax Compliance Act (FATCA) requirements. It is used to report

specified foreign financial assets if they exceed certain thresholds,

which vary based on your filing status and whether you live in the

U.S. or abroad.

Each of these forms has specific filing instructions and requirements

that must be followed to ensure accurate and timely submission.

Missing or incorrectly completing these forms can lead to penalties

and additional scrutiny from the IRS.

Reporting Foreign Income

All types of foreign income, including wages, business profits, and

investment earnings, must be reported. It’s crucial to maintain

detailed records of all foreign income and any taxes paid to ensure

accurate reporting and to maximize available credits and exclusions.

Avoiding Double Taxation

The U.S. has tax treaties with many countries to prevent double

taxation and provide relief. These treaties may reduce U.S. tax on

certain types of income, such as pensions, interest, and dividends.

The FEIE and FTC are also vital tools in avoiding double taxation.

FATCA and FBAR Compliance

The Foreign Account Tax Compliance Act (FATCA) and FBAR

requirements mandate reporting of foreign financial assets and

accounts. FATCA requires certain foreign financial institutions

to report accounts held by U.S. taxpayers, while FBAR mandates

reporting of foreign accounts if their total value exceeds $10,000.

Non-compliance can lead to severe penalties.

Managing taxes as a U.S. citizen living abroad involves understanding

various exclusions, credits, and reporting requirements to remain

compliant and optimize your tax situation. Staying informed and

proactive is key to navigating these challenges successfully.

By keeping abreast of tax obligations and utilizing available

resources, U.S. citizens living abroad can effectively manage their tax

responsibilities and avoid unnecessary complications.



COUNTRY SPOTLIGHT

Antigua & Barbuda

“Shirley Heights - one of the most beautiful views

in the world. Have you ever been there?”



COUNTRY SPOTLIGHT

COUNTRY SPOTLIGHT

Antigua & Barbuda is an island nation

situated in the West Indies between the

Caribbean Sea and the Atlantic Ocean, in

the middle of the Leeward Islands chain. The country

consists of two major islands and a small number of

mostly uninhabited islands.

Antigua & Barbuda’s ideal geographic positioning make them the

tropical twin-islands jewel a regional travel hub, with excellent air

links to North America and Europe. Both islands are mostly lowlying

islands with natural harbours, lagoons and sandy beaches along

their coastlines and rimmed by reefs and shoals. The country is

considered as one of the most beautiful places in the world. Tourism

is a key component of Gross Domestic Product (GDP) and generates

around 60% of the island’s income.

Antigua & Barbuda has a small population of 100,000 citizens and is

blessed with wide white sand beaches.

Change of the Caribbean CBI Programs

IMPORTANT NOTE:

"Caribbean CBI Programs: The prime ministers

of Antigua & Barbuda, the Commonwealth of

Dominica, Grenada, and St Kitts & Nevis signed a

memorandum of understanding to enhance the value

and integrity of their citizenship by investment programs.

The MOA, signed on March 20, 2024, outlines a new

minimum threshold of US$200,000 for Citizenship

by Investment in the Caribbean, which was set to be

implemented by June 30, 2024. MOA includes provisions

for sharing applicant details, enhancing transparency in

fund usage, and establishing a regional competent authority

to oversee compliance with international standards.

The agreement also aims to regulate agents offering CBI

services and introduce joint training programs for officials

administering the programs".

The Current Antigua & Barbuda CBI Program:

Antigua & Barbuda offers different options in its Citizenship By

Investment program (CBI).

OPTION 1: National Development Fund (NDF)

OPTION 2: Real Estate Investment

OPTION 3: The University of the West Indies Fund

(UWI) Investment

OPTION 1: National Development Fund (NDF)

The National Development Fund NDF is a non-profit fund.

The purpose of NDF is funding government sponsored

projects, including public-private partnerships and approved

charitable investments.

CONTRIBUTION:

• Main Applicant: US$230K non-refundable contribution.

Dependents included: spouse, children up to 4 persons,

and parents over 55 years of age within one application (no

additional contribution required). Processing fees: US$20k for a

family of up to 4 persons.

• Family of 5 persons and over: Main Applicant: US$230k nonrefundable

contribution.

Dependents included: spouse, dependent children up to 5

people, and dependent parents over 55 years of age within the

application (no additional contribution required).Processing

Fees: US$20k for up to 4 dependent persons. US$10k from the

5th dependent person onwards.

DUE DILIGENCE & PASSPORT FEES:

• US$8,500 - main applicant.

• US$5000 - the spouse.

• US$2,000 per dependent from 12-17 years old (no fee for

dependents aged 0-11 years).

• US$4,000 per dependent aged from 18 years and over.

• US$4,000 dependent parents aged 58 years and over.

• Other fees payable include passport fees.

These fees are subject to change.

OPTION 2: Real Estate Investment

Applicants wishing to qualify for Antigua & Barbuda citizenship

under the real estate option may choose from one of two Pathways.

FIRST PATHWAY - A single applicant may purchase property

valued at minimum US$300k through single/individual ownership.

SECOND PATHWAY - Two applicants may choose to make

a joint purchase of property valued at minimum US$600k, by

each making an investment of no less than US$300k. Title to the

property will be held jointly.

PROCESSING FEES:

• US$10k for a single applicant.

• US$20k for a single applicant and family of up to 4 persons.

• US$10k for each additional family dependent of 5 persons or more.

DUE DILIGENCE & PASSPORT FEES:

• US$8,500 - the main applicant.

• US$5,000 - the spouse.

• US$2,000 per dependent from 12-17 years old (no fee for

dependents aged 0-11 years).

• US$4,000 per dependent aged from 18 years and over.

• US$4,000 dependent parents aged 58 years and over.

Other fees payable include passport fees.


OPTION 3: The University of the West Indies Fund

(UWI) Investment

This option is a mechanism for financing UWI’s fourth landed

campus. Applicants in the option will entitle one member of the

family to a one year, tuition only, scholarship at the University of

the West Indies.

CONTRIBUTION:

US$260K per applicant for a family of 6 persons or more

(i.e. minimum number per applicant is 6 persons), including

processing fees.

Extra Processing Fees: US$10,000 for each additional dependent

beyond the initial 6 persons.

DUE DILIGENCE FEES:

• US$8,500 - main applicant.

• US$5,000 - spouse.

• US$2,000 per dependent 12-17 years old (no fees for dependents

aged 0-11 years).

• US$4,000 per dependent 18 year old and over.

• US$4,000 per dependent parent aged 58 years and over.

Other fees payable include passport fees.


Antigua & Barbuda Nomad Digital

Residence Program

In 2020, the Antigua & Barbuda government launched the 'Antigua

Nomad Digital Residence Program'. The program is designed for

persons whose work can be done remotely and wishnto do so from a

safe Caribbean country with access to modern amenities, including

a sound telecommunications infrastructure. Eligible persons will be

granted a special-resident authorisation that will be valid for up to

two years in the first instance.

It is intended for any foreigner planning to move to the country

while working remotely for a company and/or clients registered

outside Antigua & Barbuda.

INCOME REQUIREMENTS: US$50k per year

VISA LENGTH: Two years in the first instance.

CITIZENS THAT QUALIFY: there are no

nationality restrictions.

VISA COST: US$1,500 per individual, US$2,000 for couples,

US$3,000 for a family of 3 or more

Requirements

• Evidence of employment and/or self-employment. As proof of your

payment, applicants must provide bank statements.

• A declaration by the main applicant, certifying expected income

of no less than US$50k annually (fifty thousand US dollars) or the

equivalent in other currencies.

OPTION 4: Business Investment

An applicant / Single Investor may invest in any of the government

of Antigua & Barbuda’s approved projects businesses.

Antigua & Barbuda offers many infrastructural projects which

investors can participate as sole investors per a project, or

joint investors.

Two investors or more may make a joint investment in an official

approved business project.

The direct purchase of an eligible business for a minimum amount

of US$1.5 million as an individual.

Alternatively, a joint purchase where each person contributes at

least US$400k, totalling a minimum of US$5 million.

More information on the government approved business and

projects is on the Antigua & Barbuda Citizenship by Investment

website at:

https://cip.gov.ag/investment-options/business-investment/

approved-business-projects

Source of the amounts mentioned above:

https://cip.gov.ag/investment-options

OPTION 4: Business Investment



COUNTRY SPOTLIGHT

• A copy of the biographical data of passport.

• A certificate indicating medical insurance coverage for the period

of their intended stay in Antigua & Barbuda.

• Police clearance for each applicant over the age of 16.

• Proof of relationship to dependent(s) for whom the application is

made by the main applicant.

Visa Fees

• Single applicant US$1,500

• Couple US$2,000

• Family of 3 and over US$3,000

Benefits of Antigua & Barbuda CBI

• Antigua & Barbuda passport provides visa-free or visa-on-arrival

access to approximately 150 destinations including Hong Kong,

Singapore, the UK, and Europe's Schengen Area.

• The nation is an attractive place to live or to own a second home,

with excellent air links to North America and Europe.

• Antigua & Barbuda is a member of the Commonwealth, entitling

citizens to certain privileges in the UK and other member states.

• Applicants are able to include a spouse, dependent children under

31 (as well as their spouse and children), parents and grandparents

aged 55 and over, and unmarried siblings of the main applicant

and/or their spouse of any age, including:

- A sibling of the main applicant, or of his/her spouse, if unmarried.

- A future spouse of the main applicant (fee of US$50k is payable

upon application).

- A future spouse of dependent children where the dependent child is

financially dependent on the main applicant.

- A future child of a dependent child (fee of US$10k is to be payable

for children under 6 years old, and US$20k for children 6-17

years old).

Note: For the purposes of the Antigua & Barbuda Citizenship by

Investment Program 'child' means a biological or legally adopted

child of the main applicant, or of the spouse of the main applicant.

• Returnable investment, where if you invest in real estate or business,

you can sell the property or your share in the company 5 years after

obtaining citizenship.

• Tax optimisation, as residents of Antigua & Barbuda are not

obliged to pay taxes on personal income, wealth, inheritance, or

capital gains.

• This is a profitable investment option for big families.

The dependents of the main applicant can receive the

following benefits:

- Dual citizenship is allowed.

- No obligation to live and work in Antigua & Barbuda. Applicants

are only obliged to be in the county for 5 days in total since

obtaining a Antigua & Barbuda passport.

- Short processing time.

- Passport will be valid for a period of 5 years and will be considered

for renewal subject to the recipient having spent a total of 5 days in

Antigua & Barbuda, since obtaining their citizenship.

- Citizenship may be passed to future generations.

- Antigua & Barbuda is famous for its warm transparent water and

white beaches.



Caribbean citizenship

by investment

Minimum investment USD$100,000

Julia Herbert, Director &

Licensed Agent at CSL ANU

About us

CSL ANU, as authorized representative, provides additional security

and freedom for yourself and your family through second citizenship.

Antigua & Barbuda’s 10 year+ CBI program makes your aspirations

for second citizenship attainable through four options: contributions

to the state known as the National Development Fund, the university

fund, business investments or real estate purchases.

How we work

We find the best investment based on your goals. Our team analyses

your goals and offer hand-picked investment options based on your

individual needs. For example if you are more focused on visa free travel

we would lean more towards investment through NDF Donation.

We offer full support through the entire process

We offer our clients assistance from filing and registering your

application until your investment is returned. We remain available

throughout the entire citizenship process.

We help you maintain your second citizenship

We remain available to keep you compliant with the terms of your

investment as well renewals or replacements lost passports.

Our services

We are your partners throughout the entire investment process.

Embark on a transformative journey towards a world of possibilities with

Citizenship by Investment (CBI) programs. These initiatives provide a unique

pathway to acquiring asecond passport, offering unparalleled advantages such

as visa-free travel, financial security, and access to global opportunities.

Your journey starts with a free consultation, where we take the

time to understand your unique goals and preferences. Once we’ve

identified the optimal path, we work side by side with you to

complete and organize the necessary forms and documents.

We remain vigilant during the due diligence phase, which may

require additional information. Rest assured, our expertise comes

into play as we address any queries promptly, ensuring the seamless

continuation of your application.

The final step involves preparing for the interview process. We offer

comprehensive support and guidance, ensuring you are well-prepared

and confident when facing this critical stage of your journey.

My proactive approach involves maintaining close ties with influential

figures in relevant departments, enabling me to stay well-informed

about any developments that may impact the application processes.

This commitment to staying ahead of the curve not only allows me

to provide accurate and up-to-date information to my clients but also

ensures a smooth and efficient journey throughout the citizenship

acquisition process.

Post acquiring citizenship, we support our clients to settle into

their new lives by providing aftercare services related to their

new citizenship. These services, exclusive for our clients, include:

assistance with Police Certificates and other local permits and

paperwork, passport renewal or replacement, business registration,

company setup etc.

Why choose Antigua’s CBI Program?

Antigua offers cost effective family friendly options for investors

seeking a second citizenship with the added benefit of no taxes on

capital gains, gift, wealth, and inheritance; No taxes for non-residents.

We have found that most clients opt for an investment through the

NDF as it is the most straightforward with a US$100,00 donation to

the NDF Fund.

For investors seeks investments with earning potential:

• US$200,000 Real Estate Investment through Government

approved real estate which needs to be held for a minimum five

years with 2-5% Rental income opportunity.

• US$1,500,000 Business Investment (BI) with a minimum of two

persons to make a joint investment in an approved business totaling

at least US$5,000,000.

For clients seeking a more philanthropic approach or are seeking

higher education for the children:

• US$150,000 for a family of six (6) or more. University of the West

Indies (UWI)Fund inclusive of processing fees. Participation in the

option will entitle one member of the family to a one year, tuition

only, scholarship at the University of the West Indies.

Benefits of Antigua & Barbuda citizenship

Besides all the benefits you’re well aware of, another compelling

reason to choose Antigua for your investment option is your ability

to set up an IBC.

The Antigua International Business Corporation (IBC) is a

compelling opportunity for investors seeking a second passport

and international business cooperation. Governed by the Antigua

International Business Corporation Act of 1982, an IBC offers

numerous advantages, including swift registration, complete foreign

ownership, and 100% tax exemption. Key benefits encompass

confidentiality, asset protection, and quick formation, with only one

shareholder/director required.

Notably, it facilitates various business activities globally, from asset

protection to international investments, all while maintaining strict

confidentiality and banking privacy. With no minimum capital

requirements and comprehensive tax exemptions, the Antigua IBC

presents an attractive proposition for those exploring dual citizenship

and international business ventures.

CSL and Caribbean Concierge further promises to facilitate this

venture with some noteworthy aftercare services such as: office address

and rental agreement as well as PO Box set up + mail forwarding.

Qualifications

To qualify for citizenship applicants must fulfil one of the investment

options below in addition to meeting the following criteria:

• Be of outstanding character

• Reside with the family members who are included in the application

in the country for a minimum of 5 days within a period of 5 years

• Hold no criminal record

• Have a high personal net worth

• Pass all due diligence checks and interview process

Conclusion

Your journey to empowerment and international access begins

here. Discover the possibilities with Citizenship by Investment

(CBI) Programs.

Elevate your lifestyle with dual citizenship CBI programs - a gateway

to enhanced opportunities, global mobility, and a world class quality

of living.

CSLANULTD

Old Parham Road, Antigua

T: 268-720-8886

E: citizenshipsolutions@icloud

W: www.cslanu.ltd



We are We trusted are trusted local local experts experts specialising in in

citizenship citizenship by investment by investment as well as well as trusted as trusted

real estate real estate consultants in Antigua in Antigua & Barbuda. & Barbuda.

Investing Investing a second in a second citizenship citizenship can help can secure help secure a a

better better life for life you for and you your and family. your family.

Whether Whether for ease for of ease travel, of travel, the diversification the diversification of your of your

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COUNTRY SPOTLIGHT

COUNTRY SPOTLIGHT

Portugal

“I followed my heart and

it led me to the Algarve.”

Portugal is a developed country with an

advanced economy and a big tourism industry.

It is a member of the European Union and the

Schengen Area.

The country has a population of 10.2 million people (2024); the

capital and largest city is Lisbon, with about 500,000 inhabitants.

The official language is Portuguese and English is widely spoken.

Portugal is famous for Fado and Saudade, the cultural heart of the

country. In the 15th century, the seafaring nation invented oceangoing

sailing ships like the carracks and galleons and a range of

navigational instruments.

A recent survey by InterNations, an expat networking group, ranked

Portugal as the best country for expats in 2023. Over the past decade,

Portugal's popularity has skyrocketed among foreigners, particularly

retirees and remote workers.

Find Your Ideal Location in Portugal

Illustrating Portugal’s growing popularity as an expat destination,

the country is known for its beautiful sun-soaked beaches, historic

towns, thriving cities, and tranquil countryside that captivate many

foreigners. In addition to Portugal’s affordable cost of living and

warm, welcoming locals, the country is rich in history, diverse

cultures, breathtaking natural beauty, authentic traditions, and

traditional arts. These attributes, along with Portugal’s overall appeal,

are particularly attractive to investors and new citizens.

However, we would like to identify five distinct areas mostly

identified as expat personas: City Sophisticate, Coastal Connoisseur,

Rural Reverie, and Culture Enthusiast. These personas encapsulate

varied lifestyle choices and preferences, mapping perfectly onto some

of Portugal's most desirable locales.

1) The City Sophisticate

It is a bustling cityscape, portrayed by the diversity, dynamic energy,

and cultural richness that any thriving cities offer.

The City Sophisticate offers the excitement and vitality of urban life,

featuring exhibitions, theatres, museums, music, networking and

business events, fine dining in gourmet restaurants, and chic boutique

shopping. It thrives on the energetic pulse of city living, including

active job markets, opportunities for professional growth, electrifying

nightlife, and a wide variety of entertainment options.

2) Lisbon, Porto & Braga

Lisbon, Porto and Braga are also Portugal's dynamic, culturally

vibrant cities that offer a diverse range of activities and experiences.

These locations cater to the lifestyle and preferences of those who

love the fusion of tradition and modernity, historical richness, and

contemporary vibes, including diverse communities and wide variety

of events and networking opportunities.



COUNTRY SPOTLIGHT

Investment Routes & Requirements as of 2024

Documents & Paperwork Required

Due to changes in regulations, the landscape of Portugal’s Golden

Visa program has evolved, with several investment routes available to

applicants in 2024. To qualify for the new Portuguese Golden Visa -

2024, applicants must meet specific eligibility criteria. This includes

The pathway to Portuguese residency through the Golden Visa

entails a series of precise steps and requires extensive documentation.

Foreign investors are required to follow a structured timeline to

achieve the approval of their residency permit.

investment requirements and the core eligibility components for the

main applicants and family inclusion.

• Portuguese NIF (Tax Identification Number), a bank account

in Portugal.

Indeed, Portugal’s Golden Visa program of 2024 continues to offer

diverse investment options that stimulate the country’s economy

• Evidence of a clean criminal record from the applicant's country of

residence and another one from Portugal.

while providing opportunities for investors to gain residency, and

potentially citizenship, within the European Union.

• An average of seven days stay per year in Portugal to maintain

residency status.

NOTE: Real Estate Investment is no longer an option.

• Timeline for permanent residency is 5-7 years for the citizenship.

While real estate initially formed a cornerstone of the program, as of

2024, applicants can no longer pursue residency through property

investment. This shift in policy excludes the previous options to

• Proof of investment funds.

• Valid passport/s

invest in real estate for qualification for Portuguese citizenship.

• Legal entry into Portugal.

Option 1: Investment in Research and Development

• All documents must be professionally translated into the

Portuguese language.

3) The Coastal Connoisseur

The connection with the ocean, where the rhythm of the waves

brings peace of coastal living with long beach walks, sunbathing,

and fresh seafood. If you are looking for a lifestyle that balances

relaxation, tranquility and adventure, with blue skies above and

golden sands below, the Coastal Connoisseur is a place for you.

Portugal Golden Visa: Residency & Citizenship

Guide in 2024

Portugal remains a gateway to life in Europe, with its rich culture and

advantageous geographical position, the Portugal Golden Visa 2024

program continues to offer a range of investment routes for obtaining

residency and eventually citizenship in this attractive country.

Prior to the new regulation of 2024, investment in Portuguese real

estate had formed a cornerstone of the Portugal CBI program.

As of 2024, applicants can no longer pursue residency through

property investment. This shift in policy excludes the previous

options to invest in real estate for qualification.

Applicants can opt to invest a minimum of €500,000 in public

or private scientific research institutions. This route supports the

advancement of Portuguese scientific research and development

efforts. Investments must be maintained for a minimum period of

five years. 60% of the investment must be in Portuguese ventures.

• Portuguese Language Requirements: applicants must pass the

A2 level basic language test (CIPLE) in order to obtain

Portuguese citizenship.

The test can be adapted for children under the age of 10. Children

between the ages of 10 to 18 can be exempt from the test as long as

they attend a Portuguese school or a declaration of proficiency can

be provided.

4) Algarve Region, Cascais, Azores & Madeira

The Coastal Connoisseur will certainly find a home in Algarve,

Cascais, the Azores, or Madeira. These areas offer stunning beach

landscapes, a tranquil yet adventurous lifestyle, and plenty of

opportunities to enjoy nature’s best offerings, along with a laid-back

lifestyle and a large expat community.

5) The Rural Reverie

If you are dreaming of the tranquillity of rural life surrounded by

rolling landscapes, local vineyards, and serene valleys, then the Rural

Reverie is the right place for nesting you and your beloved ones.

The Rural Reverie means living in the middle of the rural nature with

it’s beauty of simplicity and authenticity that such life offers a chance

to connect with the beauty of the nature and the opportunities for a

strong sense of community and local traditions.

The Portugal Golden Visa, officially known as the Residence Permit

for Investment Activity (ARI), is designed to attract international

capital and promote economic growth in Portugal. The program is

tailored for non-EU/EEA/Swiss citizens, offering a streamlined path

to residency through investment, with opportunities for visa-free

travel within the Schengen Area.

In January 2024, Portugal’s Parliament passed legislation that

introduced key amendments to the Portugal Golden Visa Program.

The changes present adjustments to the eligibility criteria and

investment requirements. Specifically, property investment (closed in

October 2023) as a path to obtain the Golden Visa, signalling a shift

towards alternatives such as investment funds and scientific research.

As previously mentioned, the scheme has seen significant updates in

2024 to streamline the application process and provide more clarity

to potential investors. These changes have been designed to ensure

the program remains competitive, attractive, and beneficial for both

Portugal and golden visa applicants.

Option 2: Investment Funds and Private Equity

Investing in approved investment funds or venture capital funds

dedicated to capitalisation of some Portuguese companies which

are generating significant growth potential. A minimum investment

fund contribution of €500,000 is the standard for candidates

considering this option. These funds are specifically tailored for

fostering economic activity in various sectors within Portugal and

applicants must meet certain criteria to be eligible for the program.

Option 3: Cultural Heritage Donation

For those interested in contributing to the preservation of Portugal’s

rich cultural heritage, a donation of €250,000 is required. These

funds directly support the maintenance and restoration of the

national cultural heritage under the Golden Visa Program. In the

low-density areas, the requirement is lowered to €200,000.



COUNTRY SPOTLIGHT

COUNTRY SPOTLIGHT

Benefits

• FREEDOM OF MOVEMENT

Holders of the Portugal Golden Visa enjoy freedom of movement

within the Schengen Area, allowing for travel across 26 European

countries without the need for additional visas. This benefit

significantly enhances the mobility of investors, offering ease of travel

for business or pleasure.

• PATHWAY TO CITIZENSHIP

After five years of maintaining residency status and adhering to

stay requirements, Golden Visa investors can apply for permanent

residency and, subsequently, Portuguese citizenship through

naturalisation. This confers the right to work, study, and live

anywhere in the European Union, similar to EU citizens.

• FAMILY REUNIFICATION

The program extends the benefits to family members, allowing for

family reunification. The primary applicant’s spouse, children, and

dependent parents are eligible for residency permits.

Family members eligible for inclusion in the Golden Visa

application are:

- Spouse: legally recognised spouse, or life partner.

- Children: dependent children under the age of 18 years, or of any

age if they are full-time students and dependent.

- Parents: of either the applicant or the spouse, if they

are dependent.

- all family members must also adhere to the clean criminal

record requirement.

NOTE: Fees for the Golden Visa application and legal representation

may range from €5,000 to €8,000 for single applicants, with a

varying cost for dependents aged 18 years and over. Additional

documentation and fees will apply.

• QUALITY OF LIFE

Portugal ranks highly in terms of quality of life. The country

provides a safe, laid-back environment with a relatively low cost of

living compared to many other Western European countries. The

climate is mild and conducive to outdoor activities year-round,

enriching residents’ lifestyle. Portugal offers a high quality of life,

excellent healthcare and education systems, and a growing economic

environment that appeals to citizens, non-EU citizens, including US

and UK citizens, who are considering residency or naturalisation.

• HEALTHCARE AND EDUCATION

The healthcare system in Portugal is comprehensive and accessible,

with a mix of public and private services available. Education

in Portugal is also notable, with free public schools available to

residents, and a range of private and international schools providing

education in various languages.

As a citizen in Portugal, you can get access to free health care. The

public health care system is strong and has few exceptions that are

not covered. These include visiting the emergency room or the

family doctor, which costs an affordable fee of €5-20.

• ECONOMIC ENVIRONMENT

Portugal’s economy is diversified and integrated within the European

Union market. For those looking to work or establish a business,

local markets are open and welcoming to innovation and investment.

The country’s Golden Visa program is indicative of its positive

stance towards attracting non-EU investors and has been a factor in

stimulating the Portuguese economy.

• TAX INCENTIVES:

Investors should be aware that Portugal offers a Non-Habitual

Resident (NHR) tax regime, which can provide significant tax

benefits for a period of 10 years, especially for retirees and workers

in high-value industries. However, for income generated within

Portugal, a flat income tax rate of 20% is typically applied to certain

types of income derived from high value-added activities.

• DUAL CITIZENSHIP:

Portugal allows for dual citizenship. This means that in order to

obtain Portuguese nationality, applicants do not need to compromise

their citizenship status anywhere else. Applicants should, however,

check with their country of origin to see if it allows dual citizenship

as well.

• PERMANENT RESIDENCY AFTER FIVE YEARS:

Golden Visa holders may be eligible for permanent residency after

five years of legal residency in Portugal. During this period, they must

maintain their investment and fulfil the minimum stay requirements.

Post-Residency and Citizenship

The Portugal Golden Visa program offers investors the possibility

of permanent residency and citizenship after an initial period of five

years. Here, the focus shifts from obtaining to maintaining residency

and then to the nuances of applying for Portuguese citizenship.

Time required to process a Portugal Golden Visa

The processing time for a Portugal Golden Visa can vary but typically

takes around 10-14 months.

Applicants must hold their investment for a minimum of five years

and fulfil the physical presence requirements. They can then apply for

citizenship, subject to meeting other legal conditions.





The Portugal HQA Visa offers a straightforward

route to EU residency, paving the way for citizenship.

This program stands out for its simplicity and

effectiveness in integrating applicants into the

EU framework.

Portugal Highly

Qualified Activities

(HQA) Residency

Visa 2024

Applicants must demonstrate a high level of academic qualifications

such as a diploma from a recognised education institution, a one-year

employment contract, or a promise of a work contract for a period

of 12 months or more. Additionally, they should meet the income

threshold, which is set at three times the value of the IAS (Social

Support Index).

Financial Requirements / Commitment

The total cost for the HQA Program is €170,000, structured in

three payments:

1) Initial Payment: is €10,000 non-refundable fee to initiate the

process and schedule an appointment with the official portages

body (Serviço de Estrangeiros e Fronteiras - SEF).

2) Second Payment: is €80,000 due upon successful appointment

with SEF, refundable until the third payment.

3) Final Payment: is €80,000 payable upon successful receipt of

your residency ID, refundable until the renewal of residency after

two years.

Advantages

• VISA-FREE EUROPEAN TRAVEL: Enjoy the freedom of

movement and visa-free travel within the European Union,

a benefit that extends to the entire Schengen Area, offering

unparalleled mobility and convenience.

• A GOOD STANDARD OF LIFE & JURISDICTION:

Portugal’s reputation as a safe, stable, and neutral jurisdiction makes

it an ideal destination for business and personal life. This aspect is

particularly appealing to those seeking a secure environment for

their ventures and families.

• ATTRACTIVE TAX AND BANKING BENEFITS: Leverage

Portugal’s favourable tax regime, including the Non-Habitual

Resident (NHR) tax program, designed to offer significant

tax efficiencies. The banking system in Portugal is robust and

entrepreneur-friendly, offering a range of incentives.

• DUAL CITIZENSHIP: Portugal allows dual citizenship, offering

flexibility and ease for those looking to expand their global

presence without giving up their original nationality.

• WORLD-CLASS HEALTHCARE AND SAFETY: Benefit

from Portugal’s robust healthcare system and enjoy a life in one of

the countries with the lowest crime rates in Europe, ensuring a safe

environment for applicants and their family.

• HIGH QUALITY LIFESTYLE: Relish Portugal’s sunny climate,

stunning coastline, rich cultural heritage, and world-renowned

cuisine, offering an unmatched quality of life.

• EFFICIENT PROCESSING AND TIMELINE: Experience

swift and hassle-free processing of application, ensuring applicants'

residency and ID card without unnecessary delays.

• COST-EFFECTIVE SOLUTION: The Portugal HQA Visa

program requires a lower capital investment (€170,000) compared

to Portugal alternative residency and citizenship options, making it

an economically attractive option.

• GATEWAY TO A EU PASSPORT: While the HQA is not a

direct citizenship by investment program, it can be considered an

indirect one. After five years of holding the visa, applicants can

apply for Portuguese citizenship status. The passport opens doors

to global mobility and a lifestyle in the European Union, enhancing

your personal and professional opportunities.

Permanent Residency or Citizenship

After five consecutive years of being a legal resident in Portugal,

the HQA Visa holder may be eligible for permanent residency or

citizenship, providing a pathway to long-term stay and potential

integration into Portuguese society.



Portugal D7 Visa:

The Passive Income

Residency

Portugal's D7 Visa, frequently referred to as

the Retirement or Passive Income Visa, is designed

specifically for non-EU/EEA/Swiss citizens. This

long-term residency visa was introduced in 2007

and allows applicants to live in Portugal if they can

demonstrate consistent steady passive income.

Portugal offers the D7 Visa as a gateway to both residency and

potential citizenship for non-EU/EEA/Swiss, including those

from the US, who wish to reside in Portugal. Portugal's D7 Visa

is particularly appealing to retirees, entrepreneurs, and investors

who seek to enjoy the long-term residency in the beautiful mild

weather in Portugal. Noteworthy, as this visa caters to individuals

with passive income, it is particularly suitable for retirees or remote

workers who can support themselves without relying on the

Portuguese job market.

Understanding the D7 Visa’s requirements takes careful consideration,

as they revolve around proof of financial stability and registered

residency in Portugal. The application process is comprehensive and

complex, and must be handled by professional experts with guidance

for the entire process from initial documentation to eventual renewal

or transition to permanent residency.

Understanding the financial requirements, application process,

common reasons for rejection, residency terms, associated costs, and

tax obligations is crucial for a successful application.

Current Requirements / Financial Requirements

• A stable passive income is essential for qualifying for the D7 Visa.

Applicants must demonstrate a steady passive income that covers

applicants' living expenses in Portugal. The minimum income

requirement correlates with the Portuguese minimum wage,

and applicants need to show higher income for any additional

dependent. The sources of this income can include: pension, rental

incomes, investments and dividends.

• For a single applicant the requirement is €8,460/ annually.

• For the main applicant with a spouse it is €12,690/ annually.

• For each dependent / childit is €2,538/ annually.

• Applicants need to show proof of accommodation in Portugal,

which could be a rental agreement or a property deed.

• Applicants are obligated to physically reside in Portugal for a

certain period to maintain the validity of their visa and subsequent

residency. In the first two years, applicants are expected to be

in Portugal for at least 16 months. Following this, a two-year

temporary residency permit is usually granted, which can lead to

permanent residency and potential citizenship with continuous

presence in the country.

• It is also essential to maintain valid health insurance coverage

throughout the applicant's stay in Portugal.

Advantages of the D7 Visa

• NO INVESTMENT REQUIREMENT: unlike the Portuguese

Golden Visa, acquiring the D7 Visa does not necessitate a financial

investment in Portugal.

• TAX BENEFITS: Portugal’s non-habitual tax regime offers

potential tax advantages for residents.

• FAMILY REUNIFICATION: applicants can bring their family

under the same visa application.

• EDUCATION: Portugal offers a strong education system for the

applicant's dependent children who will move with their parent

under the family reunification program. Public School education is

free for residents. There are also international private schools that

are often offering instruction in English or other foreign languages.

Note: The children must be registered as residents to ensure their

access to the education system.

• PATH TO CITIZENSHIP: the D7 Visa can lead to permanent

residency and potential citizenship after five years.

• APPLICANTS CAN ENJOY THE BENEFITS of living in

Portugal, including access to healthcare, education, and the right to

travel within the Schengen Area.

• FOR RETIREES, Portugal’s temperate climate and relaxed pace of

life make for an idyllic retirement.

Application Process

Applicants are expected to initially spend at least 4-6 months

in Portugal to start the application process. Embarking on the

Portugal D7 Visa application process involves careful preparation of

documents, proper submission to the appropriate authorities, and a

clear understanding of the required steps. This meticulous procedure

ensures a smooth transition towards obtaining your temporary

residency permit.

Renewal of Residency

Upon obtaining the D7 visa, applicants initially receive temporary

residency in Portugal. This permit is valid for two years. For

continuation of their stay, applicants must renew their residency

permit before it expires. The first renewal also grants them a two

year extension.

Applicants must ensure that they meet the requirements, they must

stay in Portugal for a minimum of 16 months within the first two

year period.

Path to Citizenship

Applicants eligibility for Portuguese citizenship arises after five years

of permanent residency in Portugal. In the transition from being a

resident to a citizen, some vital conditions must be fulfilled:

• evidence of a clean criminal record.

• evidence of ties to the Portuguese community.

• evidence to prove the applicant's residency registration.



MADEIRA

NEWCO Group provides a comprehensive

range of services that encompasses all aspects

of buying real estate and moving to Madeira

or Mainland Portugal:

- Buying and selling property

- Property purchase support

- Immigration

- Personal taxation

- Business creation and management

Contact us

info@newco.pro or www.newco.pro



St Kitts & Nevis

Citizenship Through Investment Program

Indulge in the allure of St Kitts & Nevis, a jewel in the

Caribbean crown, through its esteemed Citizenship by

Investment (CBI) program. Boasting pristine beaches,

lush landscapes, and a commitment to economic

excellence, this dual island nation invites discerning

investors to embark on a journey towards a second

citizenship, blending opulence with opportunity.

Benefits

• Global Mobility: Acquire the freedom to travel the world with

ease, as St Kitts & Nevis offers visa-free or visa-on-arrival access

to a multitude of countries, facilitating seamless international

exploration.

• Inclusive Family Option: Extend the privileges of citizenship to

your loved ones, including spouses, children, and parents, creating a

united path to a secure and prosperous future.

• Swift Application Process: Known for its efficiency, the St Kitts

& Nevis CBI program ensures a streamlined application process,

allowing investors to attain citizenship in a timely manner.

• Investment Diversity: Choose from a range of investment options,

including a contribution to the Sustainable Growth Fund or an

investment in approved real estate projects, offering flexibility

tailored to individual preferences.

• Wealth of Natural Beauty: Immerse yourself in the scenic

splendour of St Kitts & Nevis, where turquoise waters, tropical

landscapes, and a rich cultural heritage create an idyllic backdrop

for both residence and investment.

Sustainable Island State Contribution (SISC)

Applicants may qualify for citizenship through a contribution to the

Sustainable Island State Contribution (SISC).

• Single applicant: a non-refundable contribution of US$250,000

is required

• Main applicant and spouse: US$250,000 is required

• Main applicant with up to three dependants (for example, a spouse

and two children): a non-refundable contribution of US$250,000

is required

• Additional dependants (under 18 years): US$25,000

• Additional dependants (aged 18 and over): US$50,000

Upon submission of an application, non-refundable due diligence

and processing fees must be also paid. These fees are US$10,000 for

the main applicant, and US$7,500 for each dependant who is over

the age of 16 years.

• The SISC offers the most straightforward route to citizenship.

• It is a discrete channel where your privacy is ensured.

• Your second citizenship is for life, meaning that it can be passed

down to future generations.

• No mandatory travel or language requirements.

• You will gain citizenship of a country with a low tax regime

including no income, inheritance or gift tax.

Real Estate Investment

Applicants may qualify for citizenship through an investment in a

pre-approved real estate project. The minimum real estate investment

required by law is US$400,000 (resaleable after seven years). On

approval in principle of an application made through a real estate

investment, a Government fee applies, as follows:

• Main applicant: US$25,000

• Spouse of the main applicant: US$15,000

• Any other qualified dependant of the main applicant regardless of

age: US$15,000

Alternative Investment Option

The Alternative Investment Option (AIO) is a third form of

investment under the Citizenship by Investment Program.

• A Public Good Project Developer (PGPD), where the State

owns the asset at the end of an agreement. These projects are fully

funded by the PGPD and locked in 'up front'. The minimum unit

of investment will be US$175,000. All other fees will apply as per

the real estate option.

• A Private Enterprise Developer (PED), where the built or

funded asset is privately owned. In this option, the minimum

unit of investment will be US$200,000 and standard real estate

government fees will apply.

St Kitts & Nevis 60 Day Accelerated Process

The Accelerated Application Process (AAP) approved by the

Government of St Kitts & Nevis in October 2016 allows applications

to be accelerated to a 60 day processing period. The AAP Process

Fees are as follows (and include Due Diligence Fees):

• Main Applicant: US$25,000

• Dependant over 16 years: US$20,000

In addition to the US$25,000 and US$20,000 AAP processing fees,

an additional fee of US$500 per person will be applicable for the

processing of the St Kitts & Nevis passport for any dependants under

the age of 16 years.



Ms Shermel A. Jeffers,

Managing Director

St. Kitts is Paradise,

Heaven is just above it!

‘St. Kitts is Paradise, Heaven is just above it!’, is a tagline

that cannot be refuted. Nestled in the Archipelago of

the Caribbean Islands, St.Kitts stands out as a beacon of

progress and prosperity.

Indeed, this is an excellent recipe for any investor to savour the delightful

offerings in business and real estate. The journey through the waterways,

highways and byways gives credence to the many achievements of the tiny

Island operating on the World’s stage.

SAJ Real Estate SKN has been operating for almost a decade, and sets

itself apart as being progressive and unique for the total value being sold,

offering properties between St Kitts and Nevis. SAJ Real Estate is proud

to be a real estate company assisting in serving the needs of potential

investors across the globe in the Citizenship By Investment Program.

We have in our listings numerous properties that can help investors with

acquiring valuable property that will enable them to qualify.

The properties on offer range with price guides from $400,0000 up to

$10 million USD in the countries of St. Kitts & Nevis and St. Lucia.

The current demand for Luxury Real Estate and Citizenship by

Investment properties worldwide has tripled since Covid-19 pandemic

and significantly impacted the traditional ways of buying and selling

homes in the Caribbean.

Top broker agent, Ms Shermel A. Jeffers, Managing Director of SAJ

Interior Design and Real Estate Services has multiple property listings

to showcase and presents a lot of merit right now for both the buyers

and sellers. Shermel’s expertise in financial banking has enabled her to

successfully lead her prominent real estate company in the Caribbean on

the island of St. Kitts and Nevis.

We pride ourselves on offering excellent core services that are based

on great relationship management and

customer satisfaction. Our understanding

of the real estate offerings within the

Federation is second to none.

For more information

please contact us at:

agent@sajrealestateskn.com

or visit www.sajrealestateskn.com



A

Pr

w

TOURISM

The Government, in collaboration with the private sector, has been

investing millions of dollars to develop the tourism sector through infrastructural

development and investment in marketing. The cruise

sector has grown steadily at an impressive rate, surpassing one

million cruise passenger arrivals in the 2017/2018 season. New hotel

developments include Park Hyatt St. Kitts, Sunset Reef St. Kitts, KOI

Resort St. Kitts, and Ramada by Wyndham St. Kitts.

Pr

po

ro

th

co

W

Financial Services

Our Products Are:

Ordinary and International Companies

Limited Partnerships

Trusts

Foundations

Captive Insurance Companies

Non-Government Organizations

Information and

Communication Technology

The Ministry of Information and Technology has set

in place a strategic roadmap to ensure that St. Kitts is

well positioned in this rapidly evolving marketplace. A

new state of the art National Information and Communication

Technology (ICT) Center is now in operation,

equipped with training rooms, video conferencing

facilities and technical experts to nurture an e-knowledge

society.

R

a

to

S

Light Manufacturing

The manufacturing sector is a major pillar of the St.

Kitts economy. It has been a consistent contributor to

the domestic economy and the overall development

of St. Kitts and Nevis over the last 30 years.

Our strengths :

stable political, social, economical and business

environment

International Education

The St. Kitts and Nevis Accreditation Board is also

tasked to accredit tertiary-level education institutions

and programmes that lead to MB.BS/M.D. degrees. It

is essential that schools located in the Federation that

offer these programs adhere to international and national

standards of educational quality. To achieve

and maintain accreditation, medical education programmes

must meet the standards established by the

Board.



AGRICULTURE

Priority areas Priority where areas additional where investments additional investments agriculture in agriculture

would reap would dividends. reap dividends.

Protected agriculture: Protected Greenhouses, agriculture: Greenhouses, Vertical Farming, Vertical Hydroponics,

Farming, Hydroround

and Aquaponics ponics, and Aquaponics systems that systems can allow that for can the allow all-year-

for the all-year-

production round of production selected crops. of selected Aquaculture: crops. Aquaculture: This involves This involves

the production the of production aquatic organisms of aquatic mainly organisms fishes mainly under fishes under

has been controlled conditions controlled for conditions consumption. for consumption.

-through in-

We also welcome We also investment welcome investment the following:

the following:

The cruise

g one • Sustainable • crop Sustainable and livestock crop and commercial livestock commercial farming farming

New hotel • Input suppliers • Input suppliers

. Kitts, KOI • Warehousing • Warehousing and cold chain and storage cold chain facilities storage facilities

• Crop insurance • Crop and insurance micro-lending and micro-lending

• Agro-processing • Agro-processing

INVESTMENT OPPORTUNITIES

Greenhouse Greenhouse Villages Villages

Seeking: US$1.5 Seeking: Million US$1.5 Investment Million Investment

Type of Investment: Type of Investment: Loan, Debt, Loan, Equity, Debt, Equity,

Debt & Equity Debt & Equity

AGRICULTURE

Entity: Ministry Entity: of Ministry Agriculture of Agriculture

RENEWABLE RENEWABLE ENERGY ENERGY

Alternative Alternative Flour Production Flour Production

Seeking: US$1.0 Seeking: Million US$1.0 Investment Million Investment

Investment Investment Type: Loan, Type: Debt, Loan, Equity, Debt, Debt Equity, Debt

& Equity & Equity

Entity: Ministry Entity: of Ministry Agriculture of Agriculture

ion

Sector Advantages: Sector Advantages:

• Potential • for Potential electricity for interconnection electricity interconnection between St. between Kitts and St. Nevis Kitts for and geothermal Nevis for geothermal

• The National • The Energy National Policy Energy encourages Policy encourages public-private public-private partnership partnership in the in the

development, development, financing and financing management and management of renewable of energy renewable projects. energy projects.

• Increasingly • Increasingly high cost for high imported cost for fuel imported for energy fuel production.

for energy production.

Sustainable Sustainable Energy Project Energy Project

set ology has set

that s is St. Kitts is

e. arketplace. A A

and u- Commuin

operation,

ion,

Renewable Renewable energy sources energy in sources the form in the of solar, form wind, of solar, hydro wind, and hydro geothermal and geothermal

conferencing

are deemed are the deemed most the appropriate most appropriate mid to long-term mid to long-term alternative alternative sources sources

re wl-

an e-knowl-

to reduce to imported reduce imported petroleum petroleum products products for electricity for electricity generation. generation.

gynology

lso Board is also

ons

institutions

s. .D. It degrees. It

hat ederation that

naeve

To achieve

tional and naty.

ducation rothblished

by

pro-

the

Seeking Investment Seeking Investment for up to 18 for MW-AC up to 18 MW-AC

of Renewable of Renewable Energy Energy

Type of Investment: Type of Investment: Build, Own Build, and Operate

(BOO) ate (BOO)

Own and Oper-

Entity: St. Kitts Entity: Electricity St. Kitts Electricity Company Company



St Lucia’s Citizenship

by Investment Program

Step into the world of St Lucia's Citizenship

by Investment Program, the newest gem in the

Caribbean. Established in 2016, this initiative draws

Benefits

• GLOBAL ACCESS: Enjoy the privilege of visa-free or visa-onarrival

access to numerous countries, providing investors and their

• NATURAL WONDERS: Immerse yourself in St Lucia's

breathtaking landscapes, from pristine beaches to lush rainforests,

creating an ideal backdrop for both residence and investment.

INVESTMENT OPPORTUNITY

National Economic Fund (NEF)

AMOUNT

US$240,00

wisdom from its island companions, creating a

families with unrestricted global mobility.

When you become a citizen of St Lucia, you gain access to a wide

Real Estate Investments

US$300,000

unique blend of opportunities for both investors and

residents. St Lucia, a paradise for nature enthusiasts,

historic aficionados, and those seeking relaxation,

promises all the tropical wonders of the Caribbean.

• FAMILY INCLUSION: Extend the benefits of citizenship to

loved ones, including spouses, children, and parents, fostering a

shared journey towards a secure and prosperous future.

• EFFICIENT PROCESSING: St Lucia's CBI program boasts a

streamlined and efficient application process, allowing investors to

acquire citizenship in a timely manner.

• INVESTMENT FLEXIBILITY: Choose from a range of

investment options, including a contribution to the National

Economic Fund or investment in government-approved real estate

array of advantages, which include:

• DUAL CITIZENSHIP: Enjoy the privilege of holding citizenship

in both St Lucia and your home country simultaneously.

• LIFELONG CITIZENSHIP: Secure the right to be a citizen of

St Lucia for life, allowing you to live and work in this beautiful

nation without limitations.

• MULTIPLE INVESTMENT CHOICES: Take advantage

of four distinct investment pathways that cater to your unique

Enterprise Projects

National Action Bonds (NAB)

US$3,500,000 (solo)

US$6,000,000 (joint)

US$300,000 with an

additional non-refundable

administration fee of

US$50,000

*Please note that the investment amounts and requirements may

vary for the National Economic Fund (NEF) and Enterprise Projects

projects, offering flexibility tailored to individual preferences.

preferences and financial goals.

depending on the specific details of the investment.



The United Kingdom

Residency by Investment

The United Kingdom, more commonly referred to simply as the UK, is a sovereign

country in the northwest of Europe, separated from the European mainland by

the North Sea and the Atlantic Ocean, and includes the island of Ireland, which

comprises Northern Ireland and the Republic of Ireland.

The UK was the world’s first industrialised country and, with a strong

naval history dating back to the 16th century, became a world leader

as the British Empire spread to become the largest empire in history

during the 19th and early 20th centuries. Many of its former colonies

gained independence during the latter part of last century, but remain

members of the Commonwealth of Nations, a political association

with 53 member states, the majority of which are former British

territories. The UK is a founder member of the United Nations and

a permanent member of its Security Council since 1946. It was a

member of the EU/EEC since 1973 but has officially left the EU and

is no longer part of the Schengen Area as of January 31, 2020.

The UK is actually a union of four countries - England, Scotland,

Wales and Northern Ireland. Great Britain is the name of the largest

island in the UK (and also Europe) with an area of 229,848 km 2 of

which roughly 57% is England, 34% Scotland and 9% Wales. Wales

was formally annexed into the Kingdom of England in 1535. The

Kingdom of Ireland was officially created in 1542 by an Act of the

Irish Parliament recognising the English monarchy, although the two

countries remained separate.

UK Self-Sponsorship

Self-Sponsorship is the secret of setting up a business in the UK.

It refers to an application to come and work in the UK for your

own business without the need to have a UK Sponsor. This can

lead to permanent residency and British citizenship for yourself and

your family.

Who is this for?

• If you are a successful business person, and you have identified a

business opportunity in the UK, or you have a great business idea

and want to explore your business opportunity in the UK

• You want to own the UK business

• You want to lead, manage and maintain your UK business

• You want to live without fear of losing the UK visa

Who would qualify?

Self-Sponsorship is open to anyone who satisfies ALL of

the following:

A: Has experience OR skill OR qualification within the area of the

business they want to establish



EB-5

INVESTMENT

OPPORTUNITIES

LIVE THE

AMERICAN DREAM

GET YOUR

US GREEN CARD

IN MONTHS!

RESORT

Don’t miss the groundbreaking

opportunity to invest in Kauai’s

inaugural fully sustainable Net Zero

Green resort—an unprecedented

venture on the island. Secure your

stake in this pioneering project,

marking a historic milestone in

sustainable hospitality. Act now and

be a part of the first-of-its-kind

investment that combines luxury

with environmental responsibility on

the stunning island of Kauai.

C

M

Y

CM

MINIMUM INVESTMENT

800,000

MY

CY

CMY

B: Has a business idea or has already established a UK business

Benefits

K

C: Has adequate resources to support their proposed business in

the UK

D: Ideally, has a UK local person who is settled or a British citizen to

take on the responsibilities of the Authorising Officer

E: Has the ability to sit and pass an approved English language test

at Level B1*

Please note, there is no minimum or maximum investment required

for your business venture. It depends on your business need and may

range from £25,000 or more.

Self- Sponsorship Processing Time

1 Quality of Life: The UK offers a high quality of life, with access

to world-class healthcare, education, and cultural amenities.

2 Opportunities: The UK's diverse and dynamic job market attracts

professionals from various industries, providing ample career

growth opportunities.

3 Educational Excellence: Renowned for its prestigious universities

and research institutions, the UK is an educational hub with a

wide range of academic programs.

4 Cultural Diversity: Experience the rich cultural heritage, diverse

communities, and historical landmarks that make the UK a

fascinating and inclusive place to live.

This seven story, 348-unit Eco-luxury

mixed-use apartment complex is the largest in

the United States to earn key Passive House

and Net Zero certifications. Eco Terra

combines advanced environmental green

building standards to create a completely

sustainable upscale environment. Eco Terra is

a destination community for people who live

an active Eco- conscious lifestyle

STAGE 1

Establish a UK company, and apply for a Sponsor Licence.

Timeline - approximately 6 to 8 weeks.

STAGE 2

Create and provide your UK company with a Human

Resources pack. Timeline - approximately two days.

STAGE 3

Be assigned a Certificate of Sponsorship and we assist you with the

Skilled Worker Visa. Timeline - approximately 4 to 12 weeks.

IMMIGRATION VISA OPTIONS

Innovator Visa - requires an endorsing body

Start-up Visa - to set up an innovative business

in the UK - it must be something that’s

different from anything else on the market

Representative of an Overseas Business Visa

(the sole representative of an overseas business

planning to set up either a UK branch or

wholly owned subsidiary)

COST

£50,000+

POA

POA

MINIMUM INVESTMENT

800,000

www.hawthorneworld.com

1+ 312-235-6647

© 2024 Hawthorne World Corporation. All rights reserved

invvestor@hawthornewold.com

investor@hawthorneworld.com



A look to the horizon

These moves by the UK government represent a major overhaul of

the country’s tax system, and the long-term outlook for the high

net-worth community is uncertain. While some non-doms may find

the FIG system adequate, others may choose to move themselves and

their families out of the UK. Indeed, there has been a near-constant

murmur in the British press that, since Sunak’s failed reelection, he

and Murty could be looking to move their family overseas, thereby

putting themselves out of reach of the new rules.

UK Tax Landscape: Preparing

for the End of the Non-Dom Era

In a significant move, the UK is phasing out the non-domiciled (non-dom) tax system

that has long allowed foreign-born residents to avoid paying tax on overseas income.

The decision was initiated by the former Conservative government, but the transition

will be implemented by the recently installed Labour Party. With change ahead for

many high-net-worth individuals, let’s explore what the new tax rules mean and what

alternatives lie ahead.

The end of an era

The UK’s non-dom scheme dates back to the Napoleonic Wars

and was designed as a tool for helping the aristocracy avoid taxes

on overseas income at a time of rising taxation. Fast forward to the

modern era, and the non-dom system has been frequently criticized

as unfair and out of step with modern society.

Controversy over the non-dom program reached fever pitch in

2022 when the tax arrangements of Indian tech scion Akshata

Murty drew scrutiny in the media: Murty’s non-dom status allowed

her to reportedly avoid paying as much as £20 million (roughly

$26 million) to the UK Treasury, which was seen as somewhat

contentious considering her husband, Rishi Sunak, was Chancellor

of the Exchequer at the time. Perhaps then it’s no surprise that under

Sunak’s premiership the non-dom scheme was ended.

The coming arrival of FIG and IHT

Starting April 6, 2025, the non-dom tax system will be replaced with

a new Foreign Income and Gains (FIG) program. Under FIG, those

who are new to the UK can bring in overseas earnings tax-free for the

first four years.

While FIG is ostensibly intended to help a person acclimatize to life

in the UK, the reality is the setup is less generous than the outgoing

non-dom scheme, which allows individuals to pay a flat fee in lieu of

taxes on non-British earnings.

Additionally, the UK government is overhauling the rules around

inheritance tax (IHT), removing a protection previously in place for

non-doms.

As outlined by current Chancellor, Rachel Reeves, trusts previously

established by those with non-dom status will soon be subject to

a residence-based scheme. Under the new regime, a person’s IHT

responsibilities will factor in their UK residency status for the ten

years prior to the tax year. In essence, if a person resided in the UK

continuously for at least a decade, their worldwide assets, including

anything held in a trust, will be subject to UK inheritance tax in the

event of their death.

Consternation and plans to shape the reforms

As one might expect, there has been vocal criticism of the tax

changes. Some suggest the loss of the non-dom system could have a

negative impact on the country’s economy, which is already strained

following the UK’s exit from the EU, the ending of tax-free shopping

for visitors to the UK, and a slow recovery from the COVID-19

pandemic. Further to this point, some experts believe the departure

of high net-worth non-doms could cost the economy as much as £1

billion ($1.3 billion) annually, further exacerbating the country’s

attempts to trigger growth.

Under the TRF scheme, non-doms can

remit foreign income and gains to the UK at a

reduced 12% tax rate before April 5, 2025.

While the concerns about the ending of non-dom status may

be valid, the UK government is doing what it can to make the

transition to the new FIG and IHT rules with the introduction of its

Temporary Repatriation Facility (TRF).

Under the TRF scheme, non-doms can remit foreign income and

gains to the UK at a reduced 12% tax rate before April 5, 2025. In

addition, the UK government is taking public feedback on other

aspects of the tax reforms, including on the structure of a new

residence-based system for overseas income.

Fortunately, when looking for a new

place to call home that offers a high standard

of living and a low tax rate, there are options

to be had.

While many UK non-doms may be looking for the exit, uprooting

one’s life and that of their family is not without its challenges. From

property to schooling, there can be many things to consider when

deciding to move elsewhere. Fortunately, when looking for a new

place to call home that offers a high standard of living and a low tax

rate, there are options to be had.

From the stunning landscapes of

Switzerland, the café culture of Italy, to the

sun-soaked UAE, there are many nations that

offer not only an attractive lifestyle…

From the stunning landscapes of Switzerland, the café culture of Italy,

to the sun-soaked UAE, there are many nations that offer not only

an attractive lifestyle, but also tax-friendly solutions for the wealthy,

and there are signs people are on the move: The population of Dubai

has increased steadily over recent years, with more than 25,000 new

residents arriving in the first quarter of 2024 alone.

An unclear future

The UK is straying into uncertain territory. While it is commendable

to want to create a fairer society, the risk of driving away those who

would otherwise invest in the future of the country could have an

adverse effect. Simply put, a tax regime intended to extract more

wealth from the rich fails in its ambition if there are fewer and fewer

people to tax. On the contrary, it may be that the UK government

has struck the right tone with its incoming FIG and IHT schemes,

and that the TRF could help mitigate the exodus.

At this moment in time, it’s too early to know what the outcome will

be of the new tax rules. But one thing seems abundantly clear: the less

attractive Britain makes itself to high-net-worth individuals, the more

challenging it will be to trigger much-needed economic growth.



On another Eastern Caribbean island, Grenada Citizenship by

Investment has a more contemporary origin story than in Dominica.

Like Antigua & Barbuda, it dates back to 2013. There are two ways

to Grenada CBI. The citizenship by real estate investment trail is the

track most travelled in the quest to land a slice of the Spice Isle.

5 MALTA

Where to Get Residency & Citizenship

by Real Estate Investment in 2024?

4 GREECE

It is obvious that investment in buying property

is one of the most popular routes to Citizenship

by Investment (CBI). If an applicant is looking to

get his/her hand on a second passport, purchasing

a stylish condominium or unit in a stunning

government-approved development is one of the

most straightforward paths to follow. In this article,

we will outline the best countries for citizenship by

real estate investment in 2024.

1 COMMONWEALTH OF DOMINICA

2 ANTIGUA & BARBUDA

The Malta Permanent Residence Program grants beneficiaries

the right to reside permanently in a safe and stable country while

enjoying visa-free travel across Schengen for 90 out of 180 days.

Boasting excellent educational institutions, access to top class

healthcare and a breadth of business opportunities in a robust

economy, Malta is the right choice for your future.

6 SPAIN

Antigua & Barbuda is one of the more established Caribbean nations

offering a Citizenship by Investment (CBI) program, which was

introduced in March 2013 under the Citizenship by Investment Act.

Applicants can obtain Antigua & Barbuda citizenship by making

a qualifying investment in one of several available options. The

real estate investment route offers two choices, both involving the

acquisition of property near the island’s iconic palm-fringed white

sand beaches.

3 GRENADA

Citizenship by Investment is very well established in Dominica as

the CBI has been available in this fellow Eastern Caribbean country

since 1993. Presently, Dominica allows for two Citizenship by

Investment options. The citizenship by real estate investment course

is the path taken by comfortably more than 50% of investors looking

for a rainforest paradise on Nature Island.

The Greece Golden Visa Program is one of the most affordable

residence-by-investment programs for Europe that provide access to

Schengen. Apply now from EUR 250,000 before the price increases.

As a member state of the EU, Greece offers its residents and citizens

a number of reassuring benefits including high levels of safety

and security, excellent education opportunities, robust healthcare

options, and a dependable rule of law.

A new type of residence visa, established by the Law 14/2013, aimed

at entrepreneurs and their internationalisation.

In 2015, the procedures experienced an easing in its concession and

renewal criteria.

The law enables non-EU nationals to attain qualified residency

permits in return for investing in Spanish real estate, choosing

between residential, commercial or industrial.



7 ST KITTS & NEVIS

9 TURKEY

nomad

capital

Building Homes. Curating Experences.

Nomad Capital is a High-End Real

Estate Developer, based in Portugal,

with an extensive track record in Lisbon,

Porto and the Algarve. With a focus on

experiences, tailored ameneties, and

St Kitts & Nevis run the world’s longest-running Citizenship by

Investment Program CBI. They have been accepting CBI from 1984

onwards. There are three Citizenship by Investment options to select

from in St Kitts & Nevis with beachside properties fragranced by

tropical flora. The citizenship by real estate investment also includes

various subdivisions.

Turkish Citizenship by Investment is another relative newcomer

to the investment migration landscape. It was launched in January

2017. There are six Citizenship by Investment options in Turkey, and

two of them involve real estate. This should come as little surprise

as the program was introduced to stimulate interest in the Turkish

property market, ranging from Istanbul skyscrapers to apartments

overlooking the Aegean Sea.

10 UNITED ARAB EMIRATES

attention to details, Nomad’s projects set

new milestones in Portugal’s high-end

living concepts.

New Residential Projects that

promise to Redefine your

concept of High-End Living

Direct from Developer

8 ST LUCIA

The UAE Golden Visa or Residency by Investment offers longterm

residency which offers outstanding benefits like no personal

income tax, access to world-class infrastructure, and stability.

Unlock UAE’s golden visa and live and work in a flourishing

business hub without sponsorship.

By way of contrast, St Lucia Citizenship by Investment is the most

junior Caribbean CBI. It has been available since December 2015.

Of the four Citizenship by Investment options viable in St Lucia,

one is based on luxury real estate lapped by the gentle waves of the

Caribbean or facing the fantastic Atlantic.

In the process of deciding which is the right real

estate citizenship by investment for you, BLS Global

can give you the best expert advice.

Speak with one of our experts today!



Exploring

the Benefits

of Spain’s

Golden Visa

Q1: Echeverria Abogados has more than 30

years experience. Please explain what

advantages/benefits a high-net-worth

individual and family seeking residency

investment in Spain will have when

engaging with a boutique practice?

ENGAGING WITH ECHEVERRIA ABOGADOS OFFERS

HIGH-NET-WORTH INDIVIDUALS:

PERSONALIZED SERVICE: Tailored solutions for unique needs.

€1 million in a Spanish bank or investing €1 million in shares of

Spanish companies. Applicants must be over 18, have no criminal

record, and possess private medical insurance. This visa grants

residency for the investor and their family, with the possibility of

renewal and eventual permanent residency.

Q4: Portugal Vs Spain: Portugal have been very

favourable for American nationals, what

do Americans need to consider between

choosing Spain and Portugal?

Q7: Can they open a business or live in other

European countries without any restriction,

once the the Golden Visa is granted?

Once granted a Golden Visa from Spain, holders can live and work in

Spain without restrictions. However, this visa does not automatically

grant the right to live or open a business in other European countries.

Golden Visa holders can travel freely within Schengen Area for up

to 90 days within any 180-day period. To live or start a business in

another European country, they would need to comply with that

country´s specific immigration and business regulations.

Viviana Echeverria

Abogada y socia fundadora

de Echeverria Abogados

EXPERTISE: Over 30 years of immigration experience.

COMPREHENSIVE SUPPORT: Assistance from start to finish.

STRONG RELATIONSHIPS: Trust and reliable communication.

FLEXIBILITY: Quick responses and direct access to senior lawyers.

LOCAL KNOWLEDGE: Insight into local markets and regulations.

HIGH-QUALITY FOCUS: Attention to detail and higher

success rates.

These benefits enhance the experience and success of obtaining

residency through investment in Spain or any type of visa according

to the client’s needs.

Q2: The rules for Golden Visa are changing,

does that mean no more Golden Visa for

Spain or will there be alternative options?

The Golden Visa in Spain is undergoing significant changes,

including the elimination of real estate investment as a qualifying

option. However, alternative investment routes might remain

available, such as bank deposits of at least € 1 million, investments

in Spanish public debt of at least € 2 million, or launching business

projects that provide substantial social or economic benefits.

Additionally, other visa options like the non-lucrative visa and the

digital nomad visa are viable alternatives for those with sufficient

savings or high incomes.

When choosing between Spain and Portugal, Americans should

consider lifestyle, cost of living, and visa options. Spain offers more

advantages: a higher quality of life, excellent healthcare, and diverse

cultural experiences, Spain also has more UNESCO World Heritage

Sites and better international schools. Additionally, Spain´s Golden

Visa process is faster and more efficient. Portugal, while having a

lower cost of living and high safety, lacks the same level of cultural

diversity and infrastructure. Both countries offer great climates and

friendly communities, but Spain’s broader opportunities make it

more attractive option for many Americans.

Q5: Will there still be a residence and work visa

for Hispanic American and U.S. investors?

Yes, even if the Golden Visa is discontinued, Hispanic American and

U.S. investors can still apply for other types of residence and work

visas in Spain. Options include the Non-Lucrative Visa, which allows

residency without work, and the Entrepreneur Visa for those starting

a business. Additionally, the Work Visa is available for those with

a job offer from a Spanish company. These alternatives ensure that

investors can still live and work in Spain.

Q6: Once one obtains the golden visa, is it

obligatory to stay in Spain?

Q8: What makes Echeverria Abogados

different from all other immigration

lawyers in Spain?

We are a top-tier immigration law firm who understands the complex

immigration laws and regulations in Spain. We have a history of

successful outcomes and we have proven our expertise and reliability

for years.

We create tailored strategies for our clients and we give a personalized

attention to meet their needs and concerns.

We have strong connections with government agencies and legal

professionals for efficient processing.

An excellent communication with our clients is one of the most

important thing in our daily work. Clear and timely updates,

ensuring clients are informed throughout the process.

ECHEVERRIA ABOGADOS

SERVICIOS JURIDICOS DE

MOVILIDAD INTERNACIONAL SLP

Q3: Who can apply for the Golden Visa?

In Spain, the Golden Visa is available to non-EU citizens who invest

at least €500,000 in real estate. Other options include depositing

No, it is not obligatory to stay in Spain after obtaining a Golden

Visa. The visa allows you to reside and work in Spain, but there is

no minimum stay requirement. However, to renew the visa, you

must visit Spain at least once a year during the residency period and

maintain your investment. The initial visa is valid for three years, and

subsequent renewals are for five years each.

Calle Antonio María Labaien 14 - 4º B

20009 - San Sebastián - Gipuzkoa

País Vasco - España

Tel. (+34) 943-425-726

info@echeverriaabogados.com

www.echeverriaabogados.com



THE CARIBBEAN

Few things say ‘vacation’ quite like the Caribbean. And while

the islands are a fun cruise stop, they can also be a great place

to retire. Most have a large English-speaking population, if not

the official language, so native English speakers will have an

easier time transitioning here than other options on the list. The

Caribbean countries also give citizens access to the Schengen

Area in Europe, allowing easier international travel there. There

are several islands in the Caribbean with robust Citizenshipby-Investment

programs - in fact, the first program in the world

originated there.

St. Lucia

Another beautiful Caribbean Island, St. Lucia also

boasts gorgeous beaches and fantastic weather with a

favorable tax environment for those choosing to make

their home there. The landscape is also notable for its beautiful

mountains, and ‘Sulphur Springs’, known as ‘the only drive-in

volcano in the world’. The volcano has not erupted since the 1700s,

but is still a wonder to see.

Dominica

Dominica is sometimes referred to as the ‘Nature

Island’ of the Caribbean. It boasts natural hot springs,

tropical rainforests, and rare wildlife in addition to

the expected beautiful beachfronts and climate. The island also

includes the World Heritage Site of Boiling Lake of Morne Trois

Pitons National Park. The park contains the second largest hot

springs in the world, Boiling Lake, and can be reached by a hiking

trail. The island should be considered by those who want to spend

their days exploring the beauty of the natural world.

Grenada

Happily Ever After:

Where to Retire?

Retirement should be the ultimate vacation. A period

where one can sit back, relax, and take the time to do

the things that make life worth living. While some of

those things might vary from person to person, there

are a few areas where most can agree.

For those who work hard all their life, being able to

spend and use that money as they please is extremely

important, so a home where taxes are favorable is

ideal. In addition, a place that is peaceful and safe to

spend those later years is also key. Finally, a location

one can enjoy their time outside - whether it is

exploring historic sites or relaxing on a beach, the

weather should be agreeable.

While paradise is different for everyone, here are

some excellent choices to consider when it comes to a

Golden Visa Retirement.

St. Kitts & Nevis

St. Kitts & Nevis is a beautiful location with lovely

beaches and mountains. In addition to the favorable

climate and scenery, St. Kitts & Nevis also boasts a great

tax environment, and low cost of living. It was one of the first places

to allow Citizenship by Investment back in 1984, and the program

has only grown since then. There are several options for investment,

each with their own restrictions, but overall there tends to be a quick

processing time and you can sponsor your family as well, including

dependent children over the age of 18. St. Kitts & Nevis also has the

options for applications to be ‘fast-tracked’ for an additional fee (this

will include additional fees for each applicant/dependent).

Antigua & Barbuda

Antigua & Barbuda is another Caribbean Island, also

boasting picturesque landscapes and a great climate.

It also has coral reefs and the English Harbour, which

includes a restored 18th-19th century naval station known as

Nelson’s Dockyard (which is a UNESCO World Heritage Site).

Antigua & Barbuda also has favorable tax laws for high-net-worth

individuals. Their program has a fairly quick processing time, and

following an approval one’s dependent child even up to 30 years old

(and their spouse) can be sponsored for additional fees.

Grenada is also a lovely Caribbean Island with scenic

vistas and villages. Grenada is also E-2 treaty country,

making citizens eligible for an E-2 visa in the United

States. This makes it unique among the other Caribbean CBI

countries listed here. In addition, up to three generations of families

can be sponsored in an application, so those considering moving with

their families should consider Grenada.

Caribbean Downsides

The Caribbean overall appears to be in the midst of an overhaul of

their programs to address the concerns raised by the EU (which

has threatened to revoke Schengen Zone access with several of the

countries) and the United States (including, in one case, causing a

RICO lawsuit).

All of the Caribbean countries above have recently increased

their minimum investment requirement and implemeted some

additional restrictions.



There have been multiple resignations from several countries of

people connected to the programs, and all appear to currently be

committed to an overhaul of their still very popular programs. This

increases the chances of maintaining access to the Schengen Zone, an

extremely attractive benefit for their programs and retirees.

In addition, it should be noted for those in or with family in LGBT

community, homosexuality was legalized in many of the above

countries in the last few years. Most of those where it has not been,

laws regarding it are generally not enforced. Nevertheless, this is

something to keep in mind when searching for that perfect place.

Cyprus (RBI)

Cyprus is another beautiful Mediterranean island,

south of Turkey. It has a very high English-speaking

population for a European country (outside of the UK

and Ireland), with English being included in many road signs and

advertisements. Cyprus also has a low cost of living with a very

HNWI friendly tax structure and a great climate.

EUROPE

Another popular vacation destination, European countries tend

to not have the ease of communication (for English speakers) of

the Caribbean or the idyllic beaches, but the continent remains

a very popular location, especially for lovers of history. Europe

is home to many UNESCO World Heritage sites and a variety of

vibrant cultures that make it worthy of consideration for many

retirees. For many European countries, residency also gives access

to the Schengen Area, which provides easier travel throughout

much of the continent.

Malta

applicants must make both donations and maintain a home in Malta.

For retirees, there is also the Malta Retirement Program, which is

for obtaining a residence permit, only available to those over the age

of 55 who meet some other criteria, including owning or leasing a

property in Malta.

Portugal (RBI)

Portugal is one of the oldest countries in Europe, and

full of ancient churches and castles. It is home to 15

UNESCO World Heritage sites. It also is one of the most

peaceful countries in the world, with a low crime rate.

There are also many tax incentives in Portugal, especially with regards

to income tax. Those who choose Portugal can be assured knowing

that their money will likely stay theirs.

Cyprus previously had one of the most popular CBI programs in the

world, which is no longer available, but their residency program also

has plenty of advantages, including a lower investment threshold.

Applicants can include family members as well as their parents, and

the application processing time is very quick, usually only a few

months. However, the path to citizenship is much longer.

European Downsides

The investment threshold for many of the European programs that

offer RBI/CBI tends to be higher than those of the Carribean.

In addition, many European countries have shut down their CBI

programs, and most only offer RBI. Several of these programs have

also come under increased scrutiny or undergone significant changes

in the past few years, usually in response to concerns regarding the

rising prices of housing or vetting process for applicants.

One of the most popular retirement areas in the United States is

Florida. With over 8,000 miles of coastline between the Atlantic Ocean

and the Gulf of Mexico, Florida offers quite a bit between in beaches,

world-famousamusement parks, Kennedy Space Center, and Everglades

National Park. Florida also has a more friendly tax environment than

may be found in other parts of the country, with specifically no income

taxes, making it a more welcoming home for HNWI.

A perhaps more overlooked choice in the United States is Delaware.

It is one of the more tax friendly areas in the country, with no sales

tax, low property taxes, and no inheritance tax. Georgia and South

Carolina, both in locations with beautiful weather and a bit off the

beaten track, and also very affordable.

While the United States has faced some tumultuous years on the

world stage, it still remains a top destination for many tourists and

immigrants and it remains that for a reason.

Malta is very beautiful island country in the

Mediterranean south of Italy. Malta has a rich history,

USA (EB5)

with numerous historical monuments throughout and

three UNESCO World Heritage Sites, including some of the oldest

free-standing structures in the world. The island is also considered

one of the most LGBT friendly countries in Europe. There is also a

large expat community in Malta, as it has been a popular retirement

destination for decades. Malta is also an English-speaking country

with low crime and low taxes (including no inheritance tax). It allows

dual citizenship.

Malta has multiple program options, their primary ‘Golden Visa’

program being their Malta Exceptional Investor Naturalization

(MEIN) Policy, which is their direct investment program. All

The United States of America remains a popular

choice for many around the world, both as a vacation

destination and as a place to retire. Uniquely on this list,

America’s size geographically encompasses a variety of climates,

and the states that encompass it also provide unique economic

opportunities that make the choice of where to settle in it almost as

important as the choice to the settle in the country itself. From the

beautiful tropical islands, glistening glaciers, mile high cities, rural

plains, and some of the densest cities in the world,the United State

has a variety of locations to consider, especially with their EB-5

program which encourages applicants to consider investing in areas

outside what is typically advertised.

Choices

An ideal retirement is an unending vacation. Not having to worry

about money, enjoying the great outdoors (whether through beautiful

beaches, stunning vistas, historic sites, or just to travel through to a

nice restaurant to eat), and most of all, living a happy life. Sometimes

that is where one grew up, and sometimes it is somewhere halfway

across the globe. The important thing is to take a look at what is

important to oneself, and then to look at where that can be found.



allowed her to maintain steady business even in volatile times.

Adapting to Technological Changes:

Hyacinth Mc Barnette of McB REALTY,

now a principal realtor along with her sons,

Karl McBarnette and Andre McBarnette,

has been a top-performing realtor who

operated the first real estate franchise

in Grenada since 1994. Over the past

30 years, she has established herself as

a trusted real estate expert in Grenada

and the Caribbean region. Hyacinth’s

in-depth market knowledge, exceptional

negotiation skills, and committed clientfocused

approach have helped her to

consistently deliver outstanding results for

buyers and sellers. As a realtor, Hyacinth

has facilitated the sale and purchase of

hundreds of properties, from luxury

homes to investment properties. Her

track record includes multiple awards and

accolades. Clients commend Hyacinth for

her professionalism, integrity, and ability

to successfully navigate even the most

complex of real estate transactions.

The Early Years:

Initially, the technical director of PROPERTY DEVELOPMENT

AGENCY Ltd. and construction manager of ROMAC Construction,

Hyacinth and her husband bought and operated a leading international

real estate franchise that governed the territories of Grenada, Carriacou

and Petit Martinique. In those days, the industry was much more

localized. Hyacinth’s first few years were spent learning the ropes -

from mastering the art of cold-calling potential clients to navigating

the paperwork involved in real estate transactions. Her training as a

building surveyor at the acclaimed UK-based University of Reading did

much to bolster her grasp and depth of the services that were offered.

In the 1990s, much of the real estate process was still done manually.

Hyacinth had to rely on physical listing books, newspaper classifieds,

and in-person meetings to connect buyers and sellers. There were no

online listings or mobile apps to make the job easier.

Despite the challenges, Hyacinth gradually built up her client base

through persistent networking and excellent customer service. She

gained a reputation as a hard-working, knowledgeable realtor who

always put her client’s needs first. Relatively quickly, her sales numbers

increased, and she was able to establish herself as a rising star within the

local real estate community.

Exclusive Waterfront Property at Westerhall Point, St David, Grenada

accordingly. During buoyant markets, she focused on maximizing

sales prices and moving properties quickly. When the market cooled,

she shifted to longer-term rentals, foreclosure sales, and helping buyers

find good deals. Her ability to pivot between different approaches

The real estate industry has undergone a digital transformation

over the past few decades. Hyacinth and now McB REALTY

have continually sought the support of marketing professionals

who elevated her in the evolution of her marketing and client

communication tactics to stay ahead of the curve. She was an early

adopter of online listings, virtual home tours, and social media

platforms to reach buyers. As more transactions became paperless,

she streamlined her processes to provide a seamless experience. By

embracing new technologies, Hyacinth now guides McB REALTY

in offering greater value and efficiency to clients.

Cultivating Lasting Relationships:

A key to Hyacinth’s longevity has been her ability to build deep,

long-term relationships with clients. She makes a point of staying in

touch and proactively identifying new opportunities. Many of her

current clients have worked with her for 10, 20, or even 30 years,

resulting in a steady pipeline of business over the decades. Hyacinth’s

personalized service and trusted advisor status have allowed her to

thrive through all kinds of market shifts. Her new company, McB

REALTY, benefits from this.

Mentorship and Education:

Hyacinth is keen on supporting the next generation of real estate

professionals. As the Broker/Owner of her previous franchise and

now McB REALTY, she frequently hosted training sessions and

workshops for new agents, sharing her insights on topics like effective

Navigating the Market Cycles:

In the new millennium, the real estate market experienced several

boom-and-bust cycles. Hyacinth learned to adjust her strategies

5-acre property at Coral cove, Lance aux Epines, Grenada, ideal for CBI type investment.



5-acre property at Coral cove, Lance aux Epines, Grenada, ideal for CBI type investment.

has proven to be resilient and adaptable. She continues to expand

her skills, staying up-to-date on industry changes and evolving her

marketing strategies Hyacinth and now McB REALTY takes the

time to truly understand each client’s unique needs and goals, and

advocates tirelessly on their behalf.

Closing Thoughts:

After 30 years as a realtor, Hyacinth has built an incredible legacy in

the industry. What started as a passion for helping people find their

dream homes has evolved into a lifelong commitment to elevating

the profession and leaving a lasting impact… McB REALTY !!!

View from a residential property listed for sale

at Mt St Valentine, St George, Grenada

marketing, client management, and negotiation skills. Hyacinth often

serves as a mentor, providing one-on-one guidance to help young

realtors jumpstart their careers. This pays dividends by cultivating a

thriving, knowledgeable real estate community.

Hyacinth also leverages her platforms to assist in advocating for

important industry issues and shape real estate policy. She is actively

involved with the Grenada Realtors Association, serving as the

President. In this capacity, she assists in providing input on legislation

related to regulating the real estate industry. This advocacy helps

ensure that the needs of homeowners, buyers, and the real estate

profession are represented at the policymaking level.

The Secrets to Longevity:

Through economic recessions, changing regulations, and fierce

competition, Hyacinth has remained a respected and trusted realtor

in Grenada. The key to her longevity has been her dedication to

putting her clients first. When faced with challenges, Hyacinth

Looking ahead, through McB REALTY, Hyacinth shall continue to

be a trusted advisor and advocate for their clients. With her extensive

market knowledge and dedication, she hopes to guide even more

families through one of life’s biggest financial decisions. Whether it’s

a young couple purchasing their first home, an empty nester seeking

the perfect retirement property or investors hoping to enhance their

portfolios McB REALTY will ensure that their needs are met.

With several decades of combined experiences behind us, McB

REALTY shall only be stronger. Our commitment to excellence

and tireless efforts to elevate the profession has earned us the

admiration of clients and colleagues alike. As we look ahead, there is

no doubt that McB REALTY will endure to leave an indelible mark,

transforming lives and the industry that we love.

Grand Anse, PO Box 48, St. George

Office: 473-440-6675

Mobile/Whattsapp: 1 473 407 1704

www.mcb-realty.com

How Much Longer Will the U.S. be the

Top Destination for Foreign Students?

The U.S. is the top destination for international

students because of its exceptional universities, career

prospects, and wealth-creating opportunities. In

fact, the number one reason for many high-net-worth

individuals immigrating to the U.S. through the

EB-5 visa program, to do so, is with their children’s

education and future prosperity in mind. Further,

the statistics show that many students who opt for a

US education end up staying in the US. Of course,

while attending college in the U.S. can be an excellent

option for a foreign student, it is by no means the

only choice.

The ‘Big Four’ Markets for Universities

Rounding out the ‘big four’ markets for students are: the US, the UK,

Canada and Australia. Although the US is undoubtedly at the forefront,

universities in the U.K., Canada and Australia offer similar benefits

of attending U.S. schools (a quality education, cutting-edge research,

a diverse student body, unique curriculums, internships, and career

opportunities) - often at a lower cost. Additionally, several countries are

showing large gains in the number of students from abroad, with 2023

data showing Spain (+48%), Canada (+19.5%), Sweden (+19.5%), and

Israel (+19.5%) leading the pack, according to Project Atlas.

Despite the above, the U.S. still remains the top choice for

students seeking higher education abroad. The country hosted



Top Host Destinations (6.4 Million Sudents)

United States

China*

26%

United Kingdom Japan

17%

not only because the program is shorter, but they are simply easier for

applicants to gain admission; for example, it may be easier for students

to gain admission to an international medical school with a lower GPA

or MCAT score. Additionally, the cost to attend a non-U.S. medical

school can be less for U.S. and non-U.S. residents alike. The impact of

these universities is evident in the increasing number of their graduates,

though it should be pointed out that not all U.S. and Canadian medical

schools accept foreign students.

Canada

France

Spain

Italy

11%

Of course, with the right planning, the

dependent children of EB-5 visa holders enjoy

significant benefits attending U.S. colleges.

Australia

Netherlands

10%

CBI programs focusing on the Caribbean highlight the virtues of these

excellent schools. Sam Bayat, a lawyer specializing in global business

immigration, states:

Germany

Russia*

Argentina

All Others

1,057,188 international college students during the 2022-2023

academic year, led by a 35% increase in students from India, according

to the Institute of International Education’s ‘Open Doors’ report. The

figure signals an almost 12% increase from the previous year, and the

fastest growth rate in more than 40 years.

At the same time, foreign students are

taking advantage of the growing prestige of

a post-secondary education in other parts

of the world.

The U.K. and Canada followed the U.S. with 718,085 and 660,230

foreign students respectively. With this data in mind, admission at toptier

U.S. colleges remains extremely competitive. Harvard University’s

acceptance rate, for example, fell to 3.19% in 2022 - the lowest in the

school’s history. The popularity of other prestigious U.S. schools has also

soared in recent years.

At the same time, foreign students are taking advantage of the growing

prestige of a post-secondary education in other parts of the world. In

fact, four of the top 10 schools in the Times Higher Education World

Reputation Rankings 2023 are outside the U.S. (University of Oxford,

University of Cambridge, Tsinghua University, and University of

Tokyo). U.S News & World Report also features two non-U.S. schools

in the top 10 for its 2022-2023 Best Global Universities Rankings

(University of Oxford and University of Cambridge.)

2%

each

3%

each

Costs

4%

6%

6%

6%

Opportunity comes at a price, and foreign students studying in the

U.S. are likely to face higher tuition expenses than U.S. citizen students.

Of course, with the right planning, the dependent children of EB-5

visa holders enjoy significant benefits attending U.S. colleges, such as

qualifying for in-state tuition, having access to lower-cost federal loans,

and avoiding immigration obstacles that can easily derail internship

and career opportunities. In addition, institutions such as Accredited

International Medical Schools (see below) tend to be less expensive than

their US counterparts.

As for other countries that host foreign students, tuition in Canada

tends to be more affordable than the U.K. or Australia, but other factors

like cost of living and financial aid cloud the picture somewhat. An

indication of just how attractive Canada is for post-secondary education

is that international students make up 30% of the country’s total higher

education students, according to Project Atlas data.

Accredited International Medical Schools

- The Caribbean Option

Non-U.S. institutions may also be good options for ultra-competitive

programs. For example, the accredited international medical schools in

the Caribbean, such as St George’s School of Medicine in Grenada or

the American University of Antigua.

Accredited international medical schools have increased in popularity

and are often the best choice for students (both U.S. and non-U.S.)

“Caribbean universities do offer shorter and more accessible pathways to

medical education, attracting a diverse group of students internationally

and from USA who do not gain entry into more competitive programs

elsewhere. [...] Most Caribbean medical colleges are accredited by reputable

bodies as they meet very high educational standards. Graduates from

these programs don’t have difficulties in securing residencies and practicing

medicine in many countries. […] The ease of entry and shorter program

duration make these schools an appealing option, contributing to the global

medical workforce and enhancing the Caribbean’s reputation as a viable

destination for medical education.”

The appeal of these Universities is further highlighted, with the

Association of American Medical Colleges (AAMC) projecting that

the U.S. alone will face a physician shortage of up to 86,000 physicians

by 2036.

A growing, aging population is driving the need for more physicians

in the U.S. By 2036, the population is projected to grow by 8.4%.

Additionally, the number of residents aged 65 and older (who tend to

need more access to doctors) is expected to increase by 34.1%, with

gains of 54.7% in those aged 75 and older, according to AAMC. At

the same time, a large portion of the physician workforce will reach

retirement age within the next decade.

Globally, shortages are more acute than projected U.S. shortfalls.

According to the World Health Organization, there is a global deficit of

4.3 million physicians, nurses, and health professionals.

With that, the number of international medical graduates (IMGs) from

institutions outside the U.S. and Canada are on the rise, with IMGs

representing approximately 25% of licensed physicians in the U.S in

2020, according to the American Medical Association.

“We are looking at substantial shortages of doctors that will not meet our

future health care demands…” , said AAMC President and CEO David

J. Skorton, MD. 1 “Medical schools have done their part by increasing

enrollment by nearly 40% since 2002. We must now expand graduate

medical education so we are training more doctors to meet the nation’s

health care needs.”

Out of the ‘Big Four’, the US maintains a clear lead. Costs and length

of courses have been driving forces for many students, but perhaps

the most important for many students is the element of future

marketability. Interestingly, this is a factor which undoubtedly drives

the increasing popularity for Accredited International Medical Schools,

especially those in the Caribbean.

1: New AAMC Report Shows Continuing Projected Physician Shortage | AAMC



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Has Hong Kong Lost its Appeal

as a Financial Hub for Asia?

Analyzing the return of a once-popular residency-by-investment scheme

On March 1st, 2024, Hong Kong reintroduced a

residency-by-investment (RBI) program, the New

Capital Investment Entrant Scheme (New CIES), to

attract more talent to its shores.

Financial Secretary Paul Chan previously revealed details of the

scheme in a session discussing Hong Kong’s budget, along with

several other strategies aimed at driving new growth. But what are

the prospects of success for the RBI plan, and is Hong Kong still the

best place to invest in Asia? Let’s break it down.

Return of RBI

The Hong Kong government previously offered a path to residency

for foreign investors and their dependents through its Capital

Investment Entrant Scheme (CIES).

Established in 2003, the program was open to those investing a

threshold of HK$10 million (about $1.3 million) in ‘permissible

assets’, before it was discontinued in 2015. Tens of thousands of

people took advantage of the scheme during its 12 years of operation,

with more than 90% of applicants coming from mainland China.

Over its lifespan, CIES drew HK$216 billion (approximately $28

billion) into Hong Kong, but it ultimately led to an exorbitant rise in

property prices, adding pressure to an already squeezed market for locals.

The Hong Kong Political Climate

From its origins as a trading port to its modern-day skyscrapers,

Hong Kong’s status as a global financial hub is well established.

However, the local political climate is leading some to question

whether it still makes sense to invest in the city-state.

Over the past several years there have been growing concerns about

the People’s Republic of China and its growing influence over Hong

Kong. In 2023, the Congressional Research Service, a U.S. policy

body, published a report outlining the concerns of many analysts that

the Chinese Communist Party (CCP) is using a national security

law to suppress the ‘civil rights and liberties’ of Hong Kongers. In

a section discussing sanctions, the report highlighted the issue of

U.S. sanctions against the People’s Republic of China, and whether

existing trade penalties should be modified or expanded.

Sanctions can go both ways of course. In 2020, the CCP levied

penalties against Sen. Marco Rubio (R-FL), Sen. Ted Cruz (R-TX),

and other U.S. lawmakers, citing their criticism of China’s influence

over Hong Kong. ‘China urges the U.S. to have a clear understanding

of the situation, correct mistakes, and immediately stop interfering

in Hong Kong affairs and interfering in China’s internal affairs,’ said a

spokesperson for the country’s foreign ministry at the time.

Since China issued those sanctions, political tensions between the

two nations have only intensified, particularly over the issue of

Taiwan’s sovereignty.

China has frequently deployed military ships and aircraft around

the Taiwan Strait in recent years, while a handful of high-profile U.S.

politicians have made official visits to Taiwan. The situation is such

that many experts fear a future breakdown in China-U.S. relations,

which would surely prove catastrophic for those investing in Hong

Kong and other China-linked financial hubs.

RBI Competition

Hong Kong’s decision to reinstate its RBI program comes as mainland

China has seen success with its own investor immigration scheme.

The country requires a minimum annual investment of CN¥ 600,000

(approximately $84,000), which has helped boost the populations of

Shenzhen (400-500,000 a year) and Shanghai (roughly 265,000 in 2021).

Hong Kong’s RBI program also faces competition from another

major financial outpost - Singapore. The sovereign state’s Global

Investor Programme offers permanent residency to those investing

S$2.5 million (about $1.8 million) in either their own company or

a government-approved business. The scheme has proven so popular

that, as of 2022, Singapore was home to 1,100 family offices. By

contrast, at the last count Hong Kong had attracted 400.

Targeting the 5%

The Hong Kong government seemingly appreciates that its revised

RBI program will likely not be as successful this time around,

but that is perhaps by design. Minimum investment now starts at

HK$30 million (roughly $3.8 million) and is not open to citizens of

mainland China. It should also be noted that the New CIES offers a

7-year path to permanent Hong Kong residency which is longer than

many comparable programs.

However, as Chan notes, the government does not ‘need to attract

everyone’, for the program to be considered a success. Instead, the

focus is on appealing to ‘the top 5% of wealthy people’.

One way that Hong Kong is looking to attract that 5% is by targeting

growth areas. Chan has not outlined what those areas are, but

traditionally speaking, Hong Kong’s economy has centered around

trading, logistics, tourism, and of course, financial services - sectors

that are also key to Singapore’s make up.

The Long-term View

The decision by the Hong Kong government to bring back an RBI

program demonstrates its ambition to remain globally competitive.

Of the 500 applications received thus far, 448 have demonstrated

proof of the required assets, and 47 have already invested their funds.

The disparity here is not necessarily negative, however, and can be

explained by investors maximizing the time they are allowed to

choose and complete their investments.

There have, however, been talks that participation in the new

program has fallen short of expectations, and this can be attributed

to political tensions and increased competition from other financial

centers in Asia. Even if its aim is only to attract that magic 5% of high

net-worth talent, Hong Kong certainly has its work cut out.

Considering the situation in Asia, it’s understandable why many

investors ultimately pursue the EB-5 visa program in the U.S. While

it does include a higher initial investment than some competing

schemes, it offers a clear path to U.S. citizenship, and all the freedoms

and liberties that come with it.

Hong Kong’s reputation as a great trading hub is well-earned,

but with the shape of the world as is, along with the significant

competition from its neighbors, the territory may no longer be as

attractive as it once was.

*Thank you to IMI Daily, for invaluable contributions:

Hong Kong CIES Receives 339 Applications in First Three Months -

IMI - Investment Migration Insider (imidaily.com)

Hong Kong CIES: 50 Applications in First Month, Application No.1

Approved in Just 23 Days - IMI - Investment Migration Insider

(imidaily.com)

6 Months In: Hong Kong’s CIES Receives 500 Applications - IMI -

Investment Migration Insider (imidaily.com)



The American Dream,

Decoded: A Brief

Business Guide for

Relocating to the US

“Give me your tired, your poor. Your huddled masses yearning to breathe

free.” From the first settlers arriving by ship, to those passing through Ellis

Island, to today’s newly settled residents, the chance of economic prosperity

has always been a motivating factor in US immigration.

The allure of the American Dream is powerful, but achieving it is

more complicated than just stepping off a plane with a heart full of

ambition. Depending on your circumstances, establishing a new life

in the US can be quite the complex process. With this in mind, let’s

explore some of the challenges one might face when relocating to the

US, and look at some ways for making the transition easier.

Adapting to US business life

There is no one ‘American’ way to do business. Even within the same

country, like most things there are cultural differences in the way

business is done in a place like Washington DC as opposed to a place

like Kansas. The expectations (including length) of a Manhattan

business meeting are likely different than those of a meeting in Los

Angeles. So, the way you do business will likely depend on where

in the US you are doing it. The easier way to navigate this is to get

to know your peers and potential clients in the local area of your

new home. But it’s also important to keep in mind that America is

a melting pot. You don’t have to abandon the way you have done

business all your life, just be prepared that those you work with in

the US might be used to something different. That’s not a bad thing,

adaptation can be the key to success.

There’s something for everyone. Such scale

and diversity mean there are broad opportunities

across a vast array of industries.

While you might feel like an outsider when you first begin doing

business in the US, it’s worth remembering that, according to the

Migration Policy Institute, almost 91 million people in the US

are immigrants or have parents who immigrated. In effect, about

27% of the population will have at least some sense of what your

journey has been, and many will likely be able to provide advice and

encouragement. Indeed, as a newcomer to the country, building a

company, you’re following a path that has previously resulted in some

of the biggest businesses in the world.

Business opportunities

As well as being the largest economy in the world, the US also

boasts one of the most diverse consumer markets. There’s something

for everyone. Such scale and diversity mean there are broad

opportunities across a vast array of industries.

Before you can fully begin operations in the US, you will want

to establish the right company structure. Deciding whether

your operation should be a limited liability company (LLC) or

a corporation will not only have legal implications but also tax

responsibilities. Therefore, it is wise to get advice on how to organize

your business to best suit your needs and objectives.

Whether you’re expanding an existing overseas operation or looking

to establish a brand-new startup, it’s important to understand the

market for your business, including working out who your potential

audience is. Investing in market research and competitor analysis is

essential for setting up your company for success.

Additionally, there are many regulations that need to be complied

with, and those rules are be laid out at the federal, state, and local

levels. Again, it is advisable to work with an expert who can help

you navigate the rules and provide assistance with applying for any

required licenses or permits.

When considering moving to the US for work purposes, meeting

immigration requirements for the specific business endeavor is

Such benefits can include work

authorization for not just the investor but

the spouse, as well as educational benefits

for children…

vital. With several nonimmigrant (temporary) and immigrant

(permanent) work options from an L-1A Intracompany Transferee

Executive or Manager to E-2 Treaty Investor or EB-5 Immigrant

Investor, one’s business goals as well as immigration goals will need to

be carefully weighed to ensure the right business visa is chosen.

Financial and personal benefits for an investor and their family

can also be found whether one is expanding a foreign business into

the US market, creating a new business of one’s own or becoming

an investor in large US projects. Such benefits can include work

authorization for not just the investor but the spouse, as well as

educational benefits for children, and depending on the visa, a path

to attaining a green card and US citizenship.

Such entrepreneurial ventures through the various nonimmigrant

and immigrant investor visa programs reflect the opportunities one

can utilize when starting a new chapter in the US.

Tax responsibilities

With its federal, state, and sometimes even regional processes, the

US tax system can be daunting for newcomers. But perhaps the most

important thing for immigrants to be cognizant of is their residency

status, as tax liability can vary depending on a variety of factors.

US citizens and residents are taxed on their global income. This

system of worldwide taxation can be particularly complex for

individuals who receive earnings from overseas, whether that be from

a salary, property investments, or offshore business assets.

Typically speaking, individual tax filers fill out a Form 1040 each

tax year, but again, there are many other schedules and other

paperwork that applies to a person’s specific financial situation.

Missing a tax filing deadline or making an incorrect submission

could result in penalties from the US Internal Revenue Service, or

the state tax office.

Because of these factors, many citizens and residents opt to employ

the services of a tax professional, who can help them understand their

obligations and assist with filings. A qualified tax preparer can also

help with submitting paperwork, and which can often include details

of deductions and claims for refunds.

Connecting with a professional early in your relocation process can

help you not only to understand how existing assets may be liable to

US taxation, but they can also provide guidance on how to ensure

you’re paying only what you’re responsible for.

Pave your path to success

Moving to the US to pursue the American Dream can be an exciting

yet complex journey. However, familiarizing yourself with the

culture, opportunities, and regulations can help tremendously. There

will likely be challenges, but by planning, seeking out expert advice,

and embracing the diverse cultures of America, you can improve your

chances of thriving.

Remember, millions have traveled this path before, so with the

proper preparation and a hardy spirit, there’s no reason you can’t

thrive as you pursue your own American story.



Key factors to consider when retiring overseas

Regardless of where you end up choosing to go, there are several things

you should keep in mind and research before you book your flight:

Cost of living

Despite the US being an economic powerhouse, you will may find

your savings (and other sources of income) go further in many

countries around the world. However, to maximize those funds,

it’s always wise to fully research the cost of living in your desired

destination, if only to be sure you can afford the lifestyle you have

planned. You may be surprised by what you find. Websites such as

Numbeo and Expatistan can help you calculate such costs.

never enough time to see and do everything, but make sure you can

spending as much of it as you can doing what you love.

Top overseas retirement destinations for US residents

There are many countries that stand out as attractive places for those

leaving the US. Here are some of the more popular destinations:

Beyond Borders: Your Guide

to Retiring Outside the US

Today, Americans are doing want was never

considered possible or probable even a decade

ago… choosing to relocate overseas when they

retire. Attracted by a lower cost of living, a chance

to experience new cultures, and even the prospect

of uncovering new adventures, there can be many

factors that feed into the decision to leave the US

in retirement. Of course, as with any major change,

it’s imperative to make careful plans so that you can

ensure you can make the very most of your

next chapter.

Healthcare

Most Americans are quite familiar with the importance (and possible

expense) of healthcare, and this only increases with age. Access to

good quality healthcare is important no matter where you are in the

world. But healthcare in other countries tends to be quite different

than the US, so it is important to do the research. Especially keep in

mind what is available to citizens may not be available to residents

(at least not to the same extent). Be sure to find out what you

need before you go. Additionally, if you are moving to a country

where you’re not fluent in the language, it can be wise to research

the availability of English-speaking health workers. Community

platforms such as Expatica can help with much of this research.

Visa and residency requirements

All countries have their own immigration rules, so it’s prudent to

research what those are before you go. It’s also important to note that

some nations such as Portugal and Malaysia offer specific benefits

aimed at attracting retirees, so again, make time to thoroughly

understand what is available to you when deciding where you want

to move to.

Tax implications

It’s important to remember that, if you are a US citizen, moving

abroad does not automatically exempt you from filing and paying

taxes in the United States. It is therefore advisable to consult

with a tax advisor who can provide a detailed overview of your

circumstances before you go. Additionally, you should also be sure

to research the tax requirements in your new home to ensure you

remain in full compliance with local laws.

Lifestyle and activities

The big promise of retirement is to finally have the time to do what

you want. Whether that is exploring ancient ruins, relaxing at the

beach, or spending all your time in the great outdoors, recreation

time is your reward for working hard all your life. Find out how

you can enjoy your days in your new home before you go. There is

Mexico

The US’s neighbor to the south, Mexico is a great choice for those

who don’t want to go too far, but still want something different. It’s

an obvious choice that’s close to home, particularly those who speak

Spanish. The country offers good healthcare solutions and has a

vibrant and distinct culture. And with everything from serene beaches

to bustling cities, there’s plenty for newly minted retirees to explore.

Portugal

With its vibrant culture and rich history, Portugal has become a

popular location for people of all ages. And, with its Golden Visa

program, there is a pathway to residency for those willing to invest in

the country, which in turn can provide for easy travel to other parts

of the European Union. Finally, Portugal offers accessible healthcare

and has favorable tax policies for retirees.



XIPHIAS Immigration: Spearheading

Global Migration and Bridging Borders

For Aspirants Worldwide

Panama

Panama offers the Pensioned Visa program, allowing retirees access to

a number of services at a discount. These include transportation and

healthcare, which can ease the adjustment to life in Central America.

And considering Panamanians have a lower cost of living than those

in the US, it’s easy to see why it has become a favorite destination for

many Americans.

Costa Rica

Costa Rica has long been recognized for its ‘pure vida’ lifestyle,

making it easy to understand why many Americans now call it home.

With a breathtaking landscape, affordable healthcare, and a sizable

expat community, it has become home to many former US residents

who appreciate being surrounded by nature while still enjoying the

creature comforts.

Malaysia

Malaysia operates the ‘My Second Home’ program, which is a

renewable 10-year program for those who wish to move to the Asian

country. As with other nations on this list, Malaysia has affordable

healthcare, a low cost of living, and can offer a lifestyle rich with

culture. For those who want to explore more of Asia, Malaysia might

just be the ideal home base.

Embracing the adventure

With a new chapter ahead, deciding to retire overseas can be filled

with excitement and adventure, with the added benefit of an even

more affordable lifestyle. From vibrant cultures to laidback easy

living, the world really can be your oyster. Nonetheless, it will likely

require thorough research and the assistance of at least a few experts

to truly set yourself up for your best years yet. So be sure to explore

visa requirements, tax responsibilities, and the cost of living in the

place you wish to call your new home. And, if possible, be sure to

spend some time in the location before you make the big move, even

if only to assure yourself that it really is the place to be.

Retirement is more than just closing the door on your working

life; it’s a chance to enjoy everything you didn’t previously have the

opportunity to experience. So, embrace the change and enjoy the

journey ahead.

Varun Singh,

Managing Director,

XIPHIAS Immigration

One of Asia’s fastestgrowing

Immigration

Consultancies, XIPHIAS

Immigration, takes pride

in fulfilling the dreams of

thousands of aspirants.

XIPHIAS is a boutique law

firm that provides corporate

mobility, investment

migration, and skilled

migration opportunities to

clients from various backgrounds. Since its initiation

in 2009, the company has established itself as a trusted

leader under the ingenious guidance of Managing

Director Varun Singh.

Varun Singh, also a Fellow Certified Investment Migration Consultant

(FIMC), has been the mastermind driving XIPHIAS Immigration

to excellence & reliability. His intellect and leadership skills have

helped the company overcome numerous hurdles since its beginning.

XIPHIAS Immigration has always been vocal about adapting to new

technological & contemporary approaches to solve its customers’

immigration queries while incorporating sustainability & ethics.

Navigating through Complexities: Building Trust &

Transparency

From the initial days of XIPHIAS, they have extensively worked on

building up this firm on trust & transparency. Mr. Singh’s intellectual

guidance and the diverse & dedicated team’s joint effort have been

the key drivers of the hundreds of successful immigration cases.

Their initial focus has been on permanent residencies. Eventually,

they spread their wings toward corporate mobility and Investment

Migration. And their remarkably calculated decisions yielded the best

results for their clients and us.

Our team comprises individuals from varied backgrounds. Their

integrity & compliance have been some of the massive factors behind

their success. Their team members recognize their differences &

similarities and coordinate with each other through substantial

communication. XIPHIAS Immigration’s passionate team of

experienced professionals ensures a client-focused approach to solving

immigration queries.

Leading with Integrity: A master of his art

XIPHIAS Immigration’s Managing Director, Varun Singh, has been the

beacon that has responsibly and patiently mentored his employees for

the past 14+ years. His profound knowledge as an Investment Migration

Consultant and Business Strategist has helped coach hundreds of

employees in the industry. Under his guidance, XIPHIAS Immigration

has unfolded several services in Corporate Migration, Skilled Migration,

and Student Visas. Mr Singh and his well-led team have had an

outstanding track record of hundred-percent customer satisfaction.

And his numerous awards & recognitions can attest to his excellence

and position in the Global market. His critical acclaim & accolades

include the Entrepreneur of the Year Award and Rising Star Of India-

Corporate Immigration Service Provider and many more. Mr. Varun

Singh has been acknowledged as one of the Top Visionary Leaders,

Top Influential business leaders, and Best Immigration Consultants of

the Year because of his endless perseverance and diligence.

XIPHIAS’s Teamwork: The Procedures

As a Boutique investment migration Firm that excels in numerous

Migration Services, they have had consistent success in serving their

clients. They navigate through the complicated immigration rules and

regulations with ease & efficiency. From securing work visas and residency

permits for employees to lucrative Real Estate investment & residency

options, they handle every aspect of Migration with a tailored approach.

In recent years, XIPHIAS has guided a plethora of Multinational

Companies, diverse tech start-ups, and companies from assorted

industries to establish themselves globally. Beyond Corporate

Migration, they also offer comprehensive services in investment

immigration, family reunification, and overseas study services with

utmost professionalism. At XIPHIAS Immigration, we are committed

to providing exceptional & personalized solutions, making us one of

the most trusted Immigration Consultancies in Asia.



Americans Abroad:

A Guide to Relocating

a Family Overseas

Where to raise the child? The world can seem a lot more confusing and

frightening when bringing a baby into it, and the experience tends to

make parents see things in a new light. Choosing where to live is among

the biggest decisions to make when raising a family. And while the

promise of the American Dream continues to inspire many to make their

way to the United States, a rising trend has seen millions of Americans

opting to move elsewhere.

According to a 2023 report from the Association of

Americans Resident Overseas, there are at least 5.4

million US citizens living outside the country.

While there are many possible reasons to decide to leave the country,

there are some similar issues families can encounter while moving,

regardless of where they end up living.

Cost of living

Moving away from the US can also mean a shakeup in your expenses.

It’s therefore important to consider price difference in things such as

housing, transportation, and food from where you’re leaving to the

new place you plan to call home.

Countries such as Mexico, Portugal, and Thailand offer a lower cost

of living than the US, but it can also be prudent to research what

those costs look like in your chosen city. What will your new routine

look like? Will you be driving or taking public transportation? How

close are the grocery stores and how much do they cost now? Will

you be spending more time with relatives and if so, will they be

able to assist with childcare? Will you be eating out more or less?

Websites such as Numbeo and Expatistan can help with the process

of working out the budget for your new life.

Education overseas

Few things have as large an impact on a child’s development as

education - it’s one of the bigger draws of immigrants to the US. But

that doesn’t mean schooling outside the US is poor, and researching

what’s available always helps. A good place to start is the education

section of the Better Life Index from the Organization for Economic

Co-operation and Development (OECD). Each year, the OECD

rates global education systems, measuring factors such as student

skills and educational attainment.

In its most recent report, the OECD scored Finland’s education

system 9.2 out of 10, with particular high marks for student literacy

and the average number of years people stay in education. Australia

was close behind with a score of 8.6, and Sweden ranked third with

8.3. By contrast, the US was in the middle of the pack with a score of

7.4, placing it behind Latvia, Norway, and Germany.

Security and safety

Everyone wants to make sure their family is safe. While nowhere

can be completely worry-free, different places have different

problems. It can therefore be wise to research crime rates on both a

national level and in the region in which you hope to relocate. Many

countries publish their national crime statistics. Additionally, the US

Department of State operates a travel advisory website, listing nations

and details on what Americans specifically should be aware of when

traveling to those countries.

Depending on where you’re looking to move in the world, it may

also be advisable to research the likelihood and frequency of natural

disasters in your chosen destination so that you can best familiarize

yourself with emergency procedures and plans. For example, Japan

is an island nation susceptible to earthquakes and tsunamis, and so

there is a culture of disaster planning, which includes securing home

furnishings, as well as maintaining so-called ‘go bags’ and ‘stay bags’,

which contain emergency supplies.

Community and resources

A key part of moving anywhere new is getting to know your

neighbors, and that’s the same whether you’re moving a few blocks

away or even a whole continent.

A strong community offers many intangible benefits, not least of

which is the value of local knowledge. Your new neighbors will

almost certainly have thoughts on everything from the quality of

local schools to the best nearby restaurants. Additionally, there may

be regional expat groups providing a sense of the familiar as you

navigate the transition.

Ultimately, finding a welcoming community and abundance of

resources can help you feel like a local in no time.

Your family’s next chapter

Moving your family away from the US will likely be filled with

challenges, but that doesn’t mean it can’t also be an adventure that is

filled with excitement and promise. While the ideal destination will

be different for every family, there are several universal factors to pay

attention to when making such a decision, including living expenses,

education, and community resources. So afford yourself plenty of

time to research the elements that matter, so that when you do move

overseas, you know that you’ve made the choice based on many

informed decisions.

As you embark on your new life, remember to be open to the new

culture and all the opportunities it will bring. And as a family,

recognize that you’re on this journey together. It’s an opportunity to

both face the hurdles and reap the rewards together.



MICS Global:

Your Trusted

Partner in Real

Estate and

Citizenship

Solutions

Dubai Real Estate

Booming Market

• Record of $39 billion transactions in Q3 2024

• Aims to $272 billion transactions by 2030

• Market Grew 31% in the first half of 2024

• Off-plan transactions account for 72%

Hourieh Memar, CEO & Founder

MICS Global specializes in international real estate investment, serving

as a registered real estate brokerage and authorized agent with leading

developers across the Middle East, Europe, and North America. We

empower affluent individuals with citizenship and residency by investment

solutions, facilitating seamless relocation and robust asset protection. Our

expertise extends across various markets, with a strong focus on providing

exclusive access to prime residential properties in Dubai and Batumi,

Georgia. Our offices in Ontario, Canada, and Dubai, UAE, offer corporate

immigration services for business owners and entrepreneurs. Whether

investing in real estate, securing second citizenship, or expanding your

business globally, we deliver customized solutions to meet your needs.

Our Services Include:

1: PERSONALIZED CONSULTATION: We start with a

consultation to understand your unique needs and preferences,

ensuring that our investment and relocation solutions are perfectly

designed for you.

2: STRATEGIC INVESTMENT OPPORTUNITIES: Gain access

to exclusive real estate investments in prime locations, designed to

maximize returns and growth potential.

3: CITIZENSHIP AND RESIDENCY PROGRAMS: Choose

from a range of citizenship and residency by investment programs,

expertly matched to your goals and requirements.

4: ASSET PROTECTION AND MANAGEMENT: Our experts

provide strategic planning and management to safeguard your

assets, ensuring long-term security and profitability.

5: CORPORATE IMMIGRATION SERVICES: We assist business

owners and entrepreneurs with expanding operations internationally,

offering comprehensive immigration and legal support.

CEO Quote: “Unlock your global potential with

uniquely personalized strategies that go beyond

mere relocation. We craft bespoke solutions by

considering your financial landscape, family

dynamics, residency, tax obligations, and

citizenship status.”

CONTACT US:

Canada Office: First Canadian Place, 100 King St. W, Suite 5700,

Toronto M5X 1C7. T: +1(647)471-2313

UAE Office: 1107- Al Moosa Tower 1, Sheikh Zayed Road,

Dubai, near Emirates Tower Metro. T: +971(50)471-2113

www.mics.global

info@mics.global

micsglobal

mics-global

mics-global

How MICS Global Supports Your Investment Journey

• Comprehensive access to the whole latest available

projects in the market

• Offer both Online and In-person Purchase Options

• Ability to complete purchase procedure remotely,

without ONE physical visit

• Secure large payment transactions internationally

through our registered entity

• Obtaining Residency and 10-Year Golden Visa for

whole family

• Property Management Services option with world

known class brands to maximize your returns





88

Citizenship By Investment

CBI Magazine NYC Special Edition

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