Is the New $50K Citizenship Real?

Read the latest on a new $50K citizenship option, Telegram CEO's arrest, higher taxes for the wealthy, and more. September 5, 2024 [image] [Event]( | [Citizenship](=) Welcome to the Weekly Rundown. Switzerland is considering new measures to limit immigration and reduce foreign influence. Proposals include a tax on companies that hire foreign workers and a ‘residence tax’ on non-Swiss residents. Another plan suggests barring dual nationals from serving in parliament. These proposals reflect growing concerns over population growth and infrastructure strain but face significant opposition and legal hurdles. Ghana’s Plan: $50,000 for Citizenship to Boost Economy [image]( Ghanaian presidential candidate Nana Kwame Bediako proposes offering citizenship for a $50,000 investment to those of African descent. His plan aims to raise $50 billion by attracting one million investors, bolstering the economy and fostering Pan-African unity. The proposal focuses on encouraging investments in sectors like gold, oil, and agriculture while promoting a vision of a borderless African continent. Read the full story [here](. [image] Switzerland’s Proposed Taxes on Foreign Workers Spark Controversy [image]() Switzerland is debating stricter rules for foreign workers and dual citizens. Proposals include taxing companies that hire foreigners and charging a ‘residence tax’ for non-Swiss residents. Some politicians also want to ban dual citizens from serving in parliament. These ideas aim to limit immigration and reduce foreign influence but could face legal challenges and opposition. Read the full story [here](). [image] Vietnam Tops List as Most Affordable Country for Expats [image]() Vietnam has been named the world's most affordable place for expats to live, according to the Expat Insider 2024 survey. Expats praise Vietnam for its low cost of living and strong work-life balance, making it an attractive destination. While affordability is a major draw, some challenges include lower scores in environmental quality and urban living. Despite this, Vietnam remains a top choice for those seeking a budget-friendly lifestyle abroad. Read the full story [here](). [image] [image](=) KEEP MORE OF YOUR MONEY Finally—enjoy more freedom, protect your assets, and keep more of your hard-earned money without the complexity and hassle. We'll help you reduce your taxes, get a second citizenship, safeguard your wealth, and uncover new investments. [LEARN HOW]() Kamala Harris’s $5 Trillion Tax Plan: Who Will Pay More? [image]( Vice President Kamala Harris supports a $5 trillion tax increase plan over the next decade. This plan targets wealthy Americans and large corporations while sparing those making under $400,000 a year. Key proposals include raising corporate taxes and increasing taxes on high-income individuals and investment gains. Harris’s strategy aligns with President Biden’s budget and aims to fund new spending initiatives and reduce the deficit. However, questions remain about the full impact and whether the plan will cover all proposed costs. Read the full story [here](. [image] PM Starmer Warns: "Expect Hard Times Before We Rebuild" [image]() In his first major speech as prime minister, Sir Keir Starmer will warn the UK that life will worsen before improving. He blames the previous government for a "societal and economic black hole," claiming they left a £22 billion budget shortfall. Starmer stresses the need for honest leadership and tough decisions, acknowledging the difficult path ahead as Labour aims to repair the damage and bring about real change. Read the full story [here](). [image] Telegram’s CEO and His Fight for Free Speech [image](=) Pavel Durov, founder of Telegram, is facing serious legal charges in France, including allegations of complicity in the spread of child sexual abuse images. Despite these charges, Durov’s supporters believe he will use this situation to strengthen his image as a champion of free speech. Known for his defiance against authority, Durov has a history of positioning himself as an anti-establishment figure, and many think he will frame his legal troubles as another battle for digital freedom. 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]( Putin Offers Residency to Those Rejecting "Western Ideals" [image]() President Vladimir Putin has signed a decree allowing foreigners who reject "neoliberal values" in their home countries to apply for temporary residency in Russia. Applicants won't need to speak Russian or know the country's history. The move aims to attract conservatives from the West who align with Russia's "traditional" values, positioning Russia as a haven for those with Western liberalism. Russia plans to further develop initiatives like a "migrant village" to support these new residents. Read the full story [here](). [image] Apple Could Owe Billions in Canada’s New Tech Tax [image]( The U.S. is opposing Canada’s proposed Digital Services Tax, arguing it unfairly targets American tech giants like Apple, Google, and Amazon. The tax could cost these companies billions, leading the U.S. to request trade dispute consultations under the USMCA. If unresolved, the dispute may result in retaliatory tariffs. Canada’s tax aims to push forward stalled global talks on taxing tech profits, while the U.S. seeks a multilateral solution through G20 negotiations. Read the full story [here](). [image] New Zealand Increases Tourist Tax: Will Higher Fees Keep Visitors Away? [image](=) New Zealand will raise its tourist entry tax from NZ$35 to NZ$100 starting October 1st. The government says this move will boost economic growth and support public services. However, tourism groups warn that the higher fee might deter visitors, especially as the country tries to recover from the pandemic's impact on travel. 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]() Higher Taxes for the Wealthy: What’s Ahead in New Tax Proposals [image]() Kamala Harris supports raising taxes on the wealthy while offering relief to lower- and middle-income earners. Her plan includes increasing income taxes for those making over $400,000 and doubling the capital gains tax for high earners. Meanwhile, she proposes expanding the child tax credit and introducing tax breaks for first-time homebuyers and childless workers. Harris also aims to increase corporate taxes and close business tax loopholes while preserving green-energy incentives. 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