Author page: Prabhu Balakrishnan

Laos to grant economic citizenship

Laos to grant economic citizenship

The Asian country of Laos has opened up its ‘honorary’ citizenship to foreigners investing in the country for economic reasons with outstanding contribution. It will be the second economic citizenship program in Asia after Cambodia. The new program will inject much needed foreign investment, especially in the property market. To become a honorary citizen, foreigners must invest a total of…

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The Malta Residency to Citizenship Program

The Malta Residency to Citizenship Program

The Malta Residency to Citizenship Program (MR2C) is one of the most prestigious and attractive Regulations in the world. A Maltese Passport allows applicants to enjoy travel freedom with visa-free access to 182 countries worldwide. Applicants receive a residence card within 3 weeks, which allows investors to reside in Malta and travel visa-free throughout the Schengen area for thirty-six months.…

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List of Non-CRS Countries (2022)

List of Non-CRS Countries (2022)

The Good news is still are the list of some 43 nations that don’t participate in CRS automatic exchange of tax information according to OECD as of 18 May 2022. By not exchanging tax information, these countries will offer you maximum banking privacy. Gone all the days where there was private Swiss bank accounts. It is important to understand the…

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Effective 5 April 2022, Bulgaria terminates CBI Program

Effective 5 April 2022, Bulgaria terminates CBI Program

Bulgarian Government has moved to scrap its citizenship by investment program(CBI) granting golden passports to international investors amidst EU pressure to ban golden passports and to further pursue its schengen and US visa waiver ambitions. On 24 March 2022, the Bulgarian Parliament approved an amendment to the Bulgarian Citizenship Act, which aims to end the investor citizenship scheme. The Bulgaria’s…

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