🏥 Where expats get free healthcare in Europe

Discover where expats get free healthcare in Europe, plus the latest on Australia's tax changes, Portugal's Golden Visa, and more... May 23, 2024 [image] [Event]() | [Citizenship]( Welcome to the Weekly Rundown. Free healthcare tops the wish-list for 70% of expats, driven by the high costs in the US. While Europe offers varying levels of healthcare coverage for expats, only one country—Brazil—provides truly free healthcare to everyone, including tourists. In Europe, the UK, France, Spain, Italy, and Germany all have different systems, often requiring residents to pay fees or have insurance. New Opportunities with Portugal's Updated Golden Visa Program [image](=) Despite rumors, Portugal's Golden Visa program is still active, but with significant changes. As of October 2023, real estate investment no longer qualifies, pushing non-EU investors towards private equity funds. This shift offers numerous benefits: faster processing, lower taxes, and diversified investments across sectors like hospitality, renewable energy, and R&D. Portugal remains a top destination for residency through investment, offering residency, citizenship, Schengen access, and minimal stay requirements, making it a prime choice for global investors. Read the full story [here](. [image] Europe’s Hidden Gems: Where Expats Can Find Free Healthcare [image](=) Did you know that 70% of expats are hunting for destinations with free healthcare? While the US struggles with high medical costs, Europe offers varied options. From the UK's NHS with its annual fee to France’s state insurance and Spain’s free care for residents, each country has its quirks. Discover the top European countries where expats can enjoy the best healthcare benefits without breaking the bank. Read the full story [here](). [image] Higher Taxes: The Top Concern for Billionaire Families [image]() Billionaire families in the US and Southeast Asia view higher taxes as the biggest risk over the next five years, surpassing concerns like geopolitical conflicts and climate change, according to a UBS Group AG survey. The report, which surveyed 320 family offices with an average net worth of $2.6 billion, found that 73% of US and 59% of Southeast Asian respondents cited higher taxes as their top worry. This concern comes amid global efforts to increase taxes on the wealthy, including initiatives by US President Joe Biden and Singapore's government. Read the full story [here](). [image] [image]() NOMAD CAPITALIST LIVE 2024 Our event has quickly sold out all general admission tickets. However, a limited number of VIP tickets are still available for our largest event yet, happening in Kuala Lumpur this September. [SEE THE DETAILS]() Malaysia: The New Hotspot for Skilled Expats [image]( Malaysia is attracting a growing number of skilled foreign professionals, with expatriate entries surpassing pre-pandemic levels. In 2023, 154,155 expatriate passes were issued, the highest since 2018. This trend continues in 2024, driven by a demand for expertise in sectors like aerospace, manufacturing, and construction. Expatriates not only fill critical job roles but also boost the economy through spending and investment, especially given the favorable exchange rate for those paid in foreign currencies. Read the full story [here](. [image] Dubai's Golden Visa Surge: 158,000 Issued in 2023 [image]() In 2023, Dubai issued 158,000 golden visas, nearly doubling the previous year's total. These long-term visas, up to 10 years, are granted to outstanding students, property investors, and other categories. The General Directorate of Residency and Foreigners Affairs (GDRFA) also processed over 19 million transactions and saw 60 million travelers pass through Dubai's ports. Plans to enhance AI in passenger services are underway, reflecting Dubai's commitment to innovation and growth. Read the full story [here](). [image] Saint Lucians' Visa-Free Travel to EU Remains Secure, Says PM Pierre [image]() Prime Minister Philip J. Pierre assures Saint Lucians that their visa-free travel agreement with the EU is not at risk. Despite rumors of concerns due to the Citizenship by Investment Program, Pierre clarified that his recent Brussels visit was to discuss the program's strict rules, not because of any EU summons. He emphasized that since gaining visa-free access to the Schengen Area in 2015, Saint Lucians can continue to enjoy this privilege without worry. 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]( Australian Tax Alert: Key Budget Changes and What They Mean for You [image]( The 2024-25 Australian Federal Budget brings several tax changes that may impact you. The discontinuation of denying deductions for intangibles payments to low-tax jurisdictions is a relief, but new penalties for mischaracterized royalty payments and expanded anti-avoidance rules could affect large taxpayers. Exemptions for plantation forestry and stronger capital gains tax rules for foreign residents are also noteworthy. With extended ATO compliance programs and new incentives for renewable energy, it's essential to understand these changes and their potential impact on your finances. Read the full story [here](=). [image] US Friendshoring Creates Tax Havens in the Caribbean [image]( The US’s friendshoring policy is creating prime opportunities in the Caribbean, benefiting St. Kitts and Nevis, St. Lucia, Antigua and Barbuda, Dominica, and Grenada. Strengthened US ties are enhancing supply chains and diversifying economies, making citizenship by investment programs more appealing. This policy shift helps investors find lower taxes, new investment avenues, and secure second citizenship in these booming Caribbean markets. Read the full story [here](=). [image] NY Federal Reserve Warns of More Regional Bank Failures [image]( The New York Federal Reserve warns that up to 282 regional banks are at risk of failure due to high commercial loan exposures and soaring office vacancy rates. The Klaros Group’s study of 4,000 banks reveals that smaller banks, those with assets under $10 billion, are most vulnerable. Despite this, major banks like JP Morgan Chase are less affected. The root of the crisis lies in the shift to remote work post-COVID-19, which left office spaces vacant and commercial loans in jeopardy. 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](=) Portugal's Golden Visa: New Ways to Invest and Benefit [image]( Although Portugal ended its popular real estate-based Golden Visa, there are still plenty of ways to secure residency and enjoy the same tax perks. New investment options include cultural production, scientific research, and private equity or venture capital funds. With a minimum investment of €500,000, these alternatives offer a faster, diversified, and tax-efficient route to Portuguese citizenship. Enjoy a 10% flat tax on foreign pensions, tax-free returns on investments, and full EU freedom of movement. 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