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Is Portugal's NHR Program Making a Comeback?

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Read the latest on Portugal's NHR program, St Kitts' reduced investment thresholds, Italy's investor

Read the latest on Portugal's NHR program, St Kitts' reduced investment thresholds, Italy's investor visa, and more... July 11, 2024 [image] [Event]( | [Citizenship](=) Welcome to the Weekly Rundown. Portugal’s government plans to restore the Non-Habitual Resident (NHR) regime, offering a 20% personal income tax rate for ten years to self-employed and paid workers who establish tax residence in the country. This move, part of broader economic measures, aims to attract international investors and boost the economy, despite controversy and political risks surrounding the reintroduction. Whether this will actually happen—well, we’ll have to wait and see. St Kitts & Nevis Cuts CBI Contribution Price to Stay Ahead [image]() St Kitts & Nevis has announced a reduction in the minimum investment threshold for its Citizenship by Investment Program (CIP), aiming to stay competitive with other Caribbean nations. The Sustainable Island State Contribution (SISC) option now requires a lower minimum investment for a single applicant or a family of four. This move aligns with recent price adjustments by neighboring countries like Dominica, Grenada, and St Lucia. Despite these changes, real estate investment thresholds and various fees remain unchanged. The new pricing structure is effective immediately. Read the full story [here](). [image] Is Portugal's NHR Program Making a Comeback? [image]() Portugal’s government is considering reinstating the Non-Habitual Resident (NHR) regime, which offers a 20% personal income tax rate for self-employed and paid workers who establish tax residence in the country for at least 183 days. This initiative, part of a broader economic package, aims to attract international investors and stimulate the economy. The proposed changes, however, exclude seniors and certain income types, and face political challenges. The success of this initiative remains uncertain and will depend on upcoming legislative support. Read the full story [here](=). [image] Growing Interest in Italy’s Investor Visa: Who Qualifies? [image]() Italy's investor visa program is gaining traction among wealthy individuals looking for a new life in Europe. Offering residency and potential citizenship in exchange for substantial financial investments, the program is attracting attention despite its complexities and stringent requirements. Applicants can invest between €250,000 and €2 million in various options, including start-ups and government bonds. However, the process involves thorough scrutiny, and only a small number of visas have been granted since the program's inception in 2018. 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]( Vietnam Tops List for Affordable Living in 2024 [image]( According to a 2024 study, Vietnam ranks as the most affordable country for expats for the fourth consecutive year. The study highlights Vietnam's low cost of living, high satisfaction with financial situations, and affordable housing. While Vietnam ranks lower for quality of life and expat essentials, it excels in personal finance, with 86% of expats rating its cost of living favorably. Despite the affordability, expats in Vietnam also report higher incomes and job satisfaction, making it an attractive destination for those seeking a balance between work and life. Read the full story [here](=). [image] Spain Extends Grandchildren Citizenship Law [image](=) Spain has extended the Grandchildren Law, which allows descendants of exiled Spaniards to apply for citizenship, until October 2025. This extension, announced by Minister Angel Victor Torres, aims to give more time for applications and strengthen ties with the Spanish diaspora. The law enables those with Spanish ancestry, affected by historical political exile, to gain nationality. Since its implementation in October 2022, over 226,000 applications have been submitted, with 110,540 approved, highlighting the law's significance for the descendants of Spanish exiles. Read the full story [here](=). [image] Top 8 Safest Countries for 2024: Europe Leads the Way [image](=) The Global Peace Index (GPI) for 2024, produced by the Institute for Economics and Peace, highlights the world's safest countries based on crime rates, political stability, and peaceful international relations. Europe dominates the list, with Iceland maintaining the top spot for 14 consecutive years due to its low crime rate and public trust in police. Other European nations like Ireland, Austria, Switzerland, Portugal, and Denmark also rank highly, showcasing their commitment to peace and security. New Zealand and Singapore are the only non-European countries in the top eight, praised for their strict laws and low crime rates. 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]( Bahrain MP Disqualified Over Dual Citizenship [image](=) Bahrain's highest court has disqualified Mohammed Rafiq Al Hussaini, a member of parliament representing Muharraq's first district, for holding dual citizenship. The Seventh Court of Cassation, led by Judge Sheikh Khalid bin Ali Al Khalifa, upheld the constitutional mandate that requires members of the Council of Representatives to possess only Bahraini nationality. This ruling follows an appeal by the Directorate of Nationality, Passports, and Residence Affairs, confirming Al-Hussaini's breach of Article 57(a) of the Constitution. Read the full story [here](=). [image] Five Myths About the U.S. EB-5 Visa Program and Elections [image](=) The EB-5 visa program, a path for foreign investors to gain U.S. residency and citizenship, often becomes a topic of discussion during election years. Misconceptions abound, such as the idea that a new administration could easily abolish the program or that election results immediately impact visa processing times. In reality, the EB-5 program, established by federal law, has bipartisan support and is resilient to political changes. Read the full story [here](). [image] Britain's Millionaire Exodus: A 17% Decline by 2028 [image]( A UBS Global Wealth Report predicts Britain will see a significant loss of millionaires by 2028, with nearly one in six leaving due to changing tax policies and global financial shifts. The number of UK millionaires is expected to drop by 17%, influenced by the abolition of the non-dom status and increased sanctions. Meanwhile, countries like the US, Germany, and Taiwan are projected to see substantial growth in their millionaire populations, with Taiwan leading with a 47% surge driven by its microchip industry. 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]() Abolishing Income Tax: A Bold Move for USA's Future? [image]() Former President Donald Trump has proposed replacing the federal income tax with tariffs, a move that has sparked intense debate. While critics argue it's unrealistic, Trump suggests it could be a highly popular and feasible policy. This proposal comes amidst widespread dissatisfaction with current tax rates and how taxpayer money is spent. The idea aims to simplify the tax system, reduce government bloat, and return more financial power to the American people. However, the plan faces significant opposition from both political parties and would require substantial legislative changes. 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

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