Big Changes in Hungary’s Investor Program

Stay updated with the latest on Hungary’s new investor rules, tax-free havens for digital nomads, and Thailand's new visa for remote workers May 30, 2024 [image] [Event]( | [Citizenship](=) Welcome to the Weekly Rundown. Hungary's new Guest Investor Program is shaking things up before it even starts. Launching on July 1, 2024, the program offers 20-year residence permits for substantial investments in real estate, education, or property. But with recent legislative changes, the rules have tightened. Guest investors now have just six months to enter Hungary, and real estate purchases must wait until 2025. Plus, only qualified fund managers can participate. Top 1% Pay Double the Taxes: New Analysis Reveals Surprising Facts [image]( A new congressional analysis reveals that the ultra-wealthy pay the highest average tax rates, with the top 1% of earners shouldering an average tax rate of 30%. This rate is double or more than what the bottom 80% pay. Additionally, the top 5% contribute 46% of the nation's tax base. Read the full story [here](. [image] Hungary’s Investor Program: Key Updates Before July 1st [image](=) Hungary's Guest Investor Program, launching on July 1, 2024, promises 20-year residence permits for investments in real estate, education, or property. However, new legislative changes have tightened the rules: investors now have only six months to enter Hungary, real estate purchases are delayed until 2025, and only qualified fund managers can participate. Read the full story [here](=). [image] Argentina is Learning Bitcoin Strategies from El Salvador [image]( Argentina's National Securities Commission (CNV) recently met with El Salvador’s National Commission of Digital Assets (CNAD) to learn from El Salvador's pioneering Bitcoin adoption and digital asset regulation. Under President Javier Milei, Argentina is increasingly Bitcoin-friendly and aims to strengthen ties with El Salvador. Discussions included El Salvador's Bitcoin projects like volcano-powered mining and Bitcoin bonds. Argentina’s proactive steps towards digital asset regulation include new Bitcoin mining facilities and registration requirements for digital asset firms. 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]( Famous Actor Pursues Polish Citizenship [image]() Jesse Eisenberg has applied for Polish citizenship, aiming to strengthen ties between Jews and Polish people. With family roots in Krasnystaw and Łódź, Eisenberg is awaiting final approval. During his visit to Poland for the Impact’24 congress, he expressed a deep connection to the country, where he also filmed "A Real Pain." Eisenberg's goal is to foster better cultural relationships and explore more creative projects in Poland, despite currently filming in locations with better tax incentives like Hungary. Read the full story [here](). [image] Thailand's New Visa for Digital Nomads: Affordable and Flexible [image]( Thailand has introduced the Destination Thailand Visa (DTV) for digital nomads and remote workers, valid for five years with stays up to 180 days per year. For an additional 10,000 baht ($280), stays can be extended by another 180 days. Applicants need to be at least 20 years old and maintain financial reserves of 500,000 baht ($14,500). Unlike other Asian countries with higher financial requirements, this makes the DTV an attractive option. Visa holders can work for overseas clients but need a work permit for Thai companies. The application process will be detailed starting June 1st, 2024. Read the full story [here](. [image] Russia's New Tax Plan: Higher Rates for the Wealthy and Corporations [image]( Russia plans to increase taxes on businesses and wealthy individuals to raise an additional 2.6 trillion rubles ($29 billion) annually. The new tax thresholds, proposed by the Ministry of Finance, will come into effect in 2025 and include higher income tax rates for top earners and a rise in corporate tax from 20% to 25%. 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]( Top 5 Tax-Free Havens for Freelance Digital Nomads in 2024 [image](=) For freelance digital nomads seeking tax-free destinations, these five countries offer appealing options. Panama doesn’t tax foreign-sourced income and offers a low cost of living. The UAE has a 0% income tax rate and specific visas for remote workers. Costa Rica promotes a relaxed lifestyle and exempts foreign income from taxes. Malaysia provides long-term residency through its MM2H program without taxing foreign income. Bahrain offers a tax-free environment and a high quality of life. Read the full story [here](=). [image] Canada Moves to Restore Citizenship for Children Born Abroad [image]() A new bill tabled in the House of Commons seeks to allow Canadians to pass citizenship rights to their children born outside the country. This legislation aims to reverse a 2009 law that prevented Canadian parents born abroad from passing on their citizenship unless their child was born in Canada. Known as "Lost Canadians," those affected will automatically gain citizenship if the bill passes. The bill also introduces a new test requiring parents to have spent at least three years in Canada before their child's birth or adoption to confer citizenship. The government anticipates significant implications for families separated by the previous law. Read the full story [here](). [image] Jeremy Hunt Hints at Tax Cuts for Higher Earners if Tories Win [image]( Chancellor Jeremy Hunt has indicated that the Conservatives would cut taxes for higher earners if re-elected, addressing tax system distortions that disincentivize hard work. Hunt also suggested eliminating the effective 60% tax rate on incomes between £100,000 and £125,000 and further reducing national insurance contributions. Labour's Rachel Reeves echoed the desire for lower taxes on working people, emphasizing economic stability and a pro-business stance. 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]() Top 30 Freest Countries: Where Does Your Nation Rank? [image]() The Human Freedom Index Report, co-published by the Cato Institute and Fraser Institute, ranks countries based on personal and economic freedom. Personal freedom includes the ability to voice opinions, legal equality, and travel ease. Economic freedom measures how well people can prosper without government intervention. The combined scores reveal the top 30 freest countries in the world. Find out if your country made the list and see which nations lead in human freedom. 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