This Golden Visa Program is ending...

Get the latest on gold golden visa programs, tax and residence updates, and second passport options. April 25, 2024 [image] [Event]( | [Citizenship](=) Welcome to the Weekly Rundown. Spain has decided to eliminate its Golden Visa program, which since 2013, allowed non-EU nationals to secure residency by investing in real estate. Aimed at curbing housing speculation and ensuring affordable housing, the decision reflects growing governmental and public concern over the program's impact on local housing markets. This move is part of a broader trend across Europe to reevaluate investment-for-residency schemes, amidst criticisms regarding security and economic disparity. Cyprus Unveils New 3-Year Fast-Track Citizenship [image]() Cyprus has introduced a groundbreaking three-year fast-track citizenship program, currently the EU's quickest route for naturalization. This new framework, detailed in the Population Registry (Amendment) Law of 2023, mandates learning Greek and establishes stringent criteria for cultural integration and economic stability. Applicants must demonstrate a committed residence in Cyprus and a clear intent to continue living within the Republic. This policy aims to attract highly skilled professionals, enriching Cyprus's economic and social fabric while offering them considerable tax advantages. Read the full story [here](. [image] The End of Spain's Golden Visa and What It Means for You [image]( Spain has begin the process of terminating its Golden Visa program, ceasing the practice of granting residency through real estate investments. This decision, aimed at curbing housing speculation and ensuring access to affordable housing, signifies a significant policy shift in response to economic and social pressures. As we analyze the potential fallout from this move, understand how it could impact both the Spanish housing market and global investment trends. Read the full story [here](. [image] Why Wealthy U.S. Citizens Are Opting for Multiple Passports [image]( Amid rising global instability, affluent US Citizens are increasingly acquiring second or multiple passports as a strategic safeguard. This trend, driven by financial, safety, and travel considerations, involves countries like Portugal, Malta, Greece, and Italy, offering citizenship through investment. Highlighted by notable figures like Peter Thiel and Eric Schmidt, these "passport portfolios" provide enhanced mobility, business advantages, and personal security. As geopolitical tensions rise, having multiple citizenship options is becoming a strategic move for the wealthy to ensure flexibility and peace of mind. Read the full story [here](). [image] [image]( GET YOUR TICKET FOR NOMAD CAPITALIST LIVE 2024 This is where legends like Tony Fernandes, Nigel Farage, Toomas Ilves, Cristina Cataman, Danielle DiMartino Booth, Saifedean Ammous, and more converge. This September, Kuala Lumpur becomes the epicenter of global citizenship and innovation. Want in? [BOOK YOUR TICKET]( Global Happiness: Finland Leads While the U.S. Falls from the Top 20 [image]( The 2024 World Happiness Report reveals that Finland remains the happiest country globally, continuing its streak for the seventh consecutive year. In a surprising turn, the U.S. has dropped out of the top 20, influenced by lower happiness scores among young people and rising scores in several Eastern European nations. This comprehensive UN-sponsored analysis evaluates factors such as GDP, social support, and freedom to rank happiness across 140 countries. Notably, countries like Czechia and Lithuania have climbed into the top 20, highlighting shifting patterns of global well-being. Read the full story [here](=). [image] The Rising Trend of US Citizens Acquiring Second Passports [image]() A growing number of Americans are exploring options for second passports and residency permits, seeking alternatives abroad for various reasons, including political concerns, safety, and cost of living. Initiatives like citizenship through descent and golden visa programs have become increasingly popular as practical solutions. These programs not only offer a Plan B but also open doors to benefits such as better education, healthcare, and the possibility of a serene retirement in countries with a lower cost of living and a slower pace of life. As global uncertainty persists, securing a second citizenship or residency is viewed not just as a luxury, but as a vital part of future planning. Read the full story [here](). [image] Why a U.S. Woman Who Visited 193 Countries Chose Singapore as Home [image]( After visiting all 193 countries, YouTuber The Krazy Koala, known as KK, has chosen Singapore as the ultimate place to settle. During a discussion with Max Chernov, she praised Singapore's efficiency, from swift airport processes to rare traffic jams, which she considers exceptional compared to the global standard. Her unique journey highlights not just the adventures of global travel but also the profound impact of finding a place that feels like home. Read the full story [here](. [image] [image](=) THE SECRETS TO KEEPING MORE OF YOUR MONEY New to the global lifestyle and want a comprehensive guide to the offshore world? Our fast-paced, action-packed book offers a fun and detailed overview of all possibilities awaiting you. [GET YOUR COPY]( Working in Italy? Insights on the New Digital Nomad Visa [image](=) Italy has officially launched its Digital Nomad Visa, providing a structured pathway for remote workers and freelancers to live and work in Italy. This new visa is designed for highly skilled professionals with a minimum income requirement of €28,000, comprehensive health insurance, and proof of accommodation. Applicants must navigate various bureaucratic requirements, including background checks and specific documentation, to secure their visa. Once established in Italy, digital nomads face significant tax obligations but can enjoy benefits such as access to a permanent EU residency card and the potential to sponsor family members. Read the full story [here](=). [image] Musk Battles Australian Censorship on X [image]() Elon Musk has openly criticized Australian authorities following a Federal Court order to remove terror-related content from his social media platform, X. The court's decision came after a teenager was involved in a violent attack in Sydney, prompting the e-Safety Commissioner to demand the footage be taken down to prevent further dissemination. Musk argued this sets a dangerous precedent that could allow any single nation to control global internet content. This conflict highlights ongoing tensions between major tech platforms and regulatory bodies over content oversight and freedom of speech. Read the full story [here](=). [image] Trump's $50 Million Gala Promise: Tax Cuts for Billionaires to Continue [image]() At a fundraising gala in Palm Beach, Florida, former President Donald Trump pledged to extend his signature 2017 tax cuts to wealthy donors, emphasizing key policy aims like energy production and border security. The event, held at billionaire John Paulson’s residence, raised a substantial $50.5 million, nearly doubling President Joe Biden’s recent fundraiser total. Trump's commitment to maintaining low taxes for the elite contrasts with Biden’s critique, highlighted in a video with Bernie Sanders, where he slams Trump for favoring the rich. Read the full story [here](. [image] [image]() NOMAD PASSPORT INDEX 2024 See where your passport ranks in the global pecking order with the Nomad Passport Index 2024. Find out if your passport opens doors worldwide, or encounters more barriers... [YOUR PASSPORT RANKING]() Golden Visa Rush: Investors Scramble Ahead of Deadline [image](=) Interest in Golden Visas, which offer five-year residence permits through real estate investment, continues to rise sharply. In the early months of this year, 1,299 new applications were filed, indicating sustained demand compared to last year. With changes to the program's terms recently voted on, a new deadline of August 31 has been set for investors to secure their permits under the old criteria with a 10% down payment. The Golden Visa program, responsible for over 24,000 property acquisitions valued at 6 billion euros, remains a significant driver of investment into the real estate sector. Read the full story [here](=). [image] [image](=) [Manage Preferences]( | [Unsubscribe]( Nomad Capitalist Limited 2301, 23F Bayfield Building 99 Hennessy Road Wanchai Hong Kong +1 (979) 966-6623