The Automatic CRS standard developed by OECD in 2014 allows jurisdictions to automatically exchange bank account information with between tax authorities on a global level, on an annual basis to prevent tax evasion. Currently, there over 100 jurisdictions having committed to exchanging information with each other under the CRS. India, China, Russia joined the CRS implementation in 2018 along with…
Many wrongly assume diplomatic passports are given to important government officials automatically come with diplomatic immunity. This is simply NOT true. This is because of the limited understanding on the diplomatic rules and engagement. One must clearly understand that diplomatic passports do not come with automatic diplomatic immunity. Only certain class of diplomats receive this benefit. The diplomatic immunity is…
Belgium is an exciting country to live, work and do business in Europe. The country offers excellent healthcare, education, super high standards of living and a powerful EU passport. One inway to acquire Belgium long term investor residency for self employed investors and entrepreneurs is through professional card. Foreigners including third country nationals can acquire Belgian residence through investment by…
The Government of St Lucia announced new prices for CIP by making changes to Citizenship by Investment (Amendment) Regulations in May 2019. The changes has been published in the official gazette. The prices remain almost the change except the real estate Govt fee has been slightly reduced to $30,000 (from $50,000) Another important change introduced in 2019, were processing time…
Romania offers citizenship and residency to foreign investors who commit to invest in Romanian businesses and job creation. The naturalization time is reduced by half for citizenship, if the foreigners invest atleast EUR 1 million or more under the currently citizenship legislation. Romania is a EU member state, but currently in the process of joining schengen area. Romania has committed…
Naturalisation refers to the range of procedures to grant citizenship of a given country to a foreign national on the basis of the notion of the individual’s ‘genuine link’ or ‘genuine connection with the state. Naturalized citizens are also dual nationals but depends on the state if dual nationality is permitted or not. There are three types of naturalization that…
First, clients must understand that there are ONLY two types of investment immigration schemes, first is citizenship, and second is residency. It is very important to understand the difference between citizenship and residency and each has its own distinct advantages. Here are some quick important differences between citizenship and residency. Benefits Citizenship Residency What you get? Passport Visa or Residence…
Estonia is one of the most tech savvy countries in europe with advanced infrastructure, stable political climate with Europe. Estonia is a well developed and fastest growing country in the EU Estonia offers a golden visa scheme for major investors in IT and other sectors in the country. Estonia does not have any citizenship by investment program, the only way…
Slovakia has the most expensive citizenship by investment program (CIP) in the world. It is also one of the most discretely available scheme. This scheme is known as Major Investor scheme, where investors can be naturalized for economic investment, who are of special interest to Slovakia Slovakia joined the European Union 1 May 2004 and joined the Eurozone on 1…
When it comes to selecting the best citizenship by investment scheme, many clients struggle to find the CBI scheme suitable for them. The lack of knowledge and limited information available on the web about passport schemes makes it often difficult for clients to make a decision. We will show you how to select the best CBI scheme suitable for you,…
