Is This Country the New Hotspot for Expats?

Catch up on Italy’s new tax for expats, Harris’ wealth transfer plan, South Korea’s expat boom, and more... September 19, 2024 [image] [Event](=) | [Citizenship](=) Welcome to the Weekly Rundown. Switzerland has been ranked the best country in the world for 2024, according to a new report. The rankings, based on factors like quality of life, entrepreneurship, and cultural influence, offer insights into the world’s leading nations. Global perceptions of countries continue to evolve, reflecting shifts in innovation, business climate, and geopolitical stability. Top 10 Safest Countries Revealed: Is Yours on the List? [image](=) A new global survey ranks the safest countries, with Europe and Oceania dominating the list. Switzerland claims the top spot for safety, followed by nations like Norway and Australia. The rankings, part of the 2024 Best Countries report, highlight how perceptions of safety impact a country’s overall quality of life and appeal as a destination for families, solo travelers, and businesses. Read the full story [here](=). [image] Where's the Best Place to Live? New Report Ranks the Top Countries [image]( A new report ranks the world’s top countries based on factors like quality of life, business climate, and cultural influence. Switzerland came in first, praised for its stability and high quality of life. The report offers a global perspective on which nations are leading in shaping the future. Read the full story [here](. [image] Will Labour's Expat Exit Tax Drive Investment Away? [image]( Labour's proposed expat exit tax faces criticism for potentially driving foreign investment away from the UK. Experts from Blick Rothenberg warn that the tax could deter wealthy expats, pushing them to more tax-friendly countries like France. This policy, aimed at addressing financial challenges, may instead harm the UK's appeal to investors, risking long-term economic growth. 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](=) Is Canada Falling Behind Its Wealthy Peers? [image]( Canada's economic growth is slowing relative to other wealthy nations like Australia, the UK, and the U.S. Despite being one of the world's richest countries, its standing is slipping due to a population boom and tepid GDP growth. Experts warn this trend could lead to more Canadians moving to other countries for better economic opportunities. Read the full story [here](. [image] Italy’s Tax Increase Still Attracts Wealthy Expats [image]() Despite doubling the flat tax on foreign income from €100,000 to €200,000, Italy remains an attractive destination for wealthy individuals from the UK and France. With the UK's potential abolition of the "non-dom" tax regime and France's political instability, many affluent Europeans are exploring relocation to Italy for its lifestyle and financial incentives. Advisors believe that while the tax increase may deter some, it is unlikely to impact the ultra-wealthy, who continue to value Italy’s stability, culture, and tax benefits. Read the full story [here](). [image] Harris’ Tax Plan and the Great Wealth Transfer: What’s at Stake? [image]( Kamala Harris' potential win could reshape the $90 trillion Great Wealth Transfer. With plans to cut the current estate and gift tax exemption from $13.6 million to $7 million, ultra-wealthy families may rush to transfer wealth before the law changes. Experts warn this move could trigger a financial shift, as millennials and Gen Z stand to inherit large sums, often without the necessary knowledge to manage it wisely. The window to act is closing fast, making financial planning more crucial than ever for wealthy families. 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 10 Countries for a Comfortable Retirement: U.S. Misses the Mark [image]( Canada and New Zealand are among the top 10 countries for a comfortable retirement, according to a new report ranking. While the U.S. placed at No. 30, countries like Switzerland, New Zealand, and Portugal topped the list for their affordable living, favorable tax environments, and excellent healthcare systems. Switzerland, ranked No. 1, draws retirees with its top-notch healthcare and low taxes, while New Zealand’s natural beauty and lower cost of living make it a top choice for retirees seeking a peaceful lifestyle. Read the full story [here](. [image] Trump's Tax Plan: No Taxes on Overtime Pay [image]() Donald Trump unveiled a new tax policy proposal in Tucson, Arizona, promising to eliminate income taxes on overtime pay if re-elected. Aimed at benefiting hourly workers like nurses, factory workers, and truck drivers, the plan seeks to increase incentives for overtime. However, experts warn the proposal could cost $227 billion over a decade and lead to unintended consequences, such as restructuring wage classifications. Read the full story [here](). [image] South Korea Emerges as Top Destination for Expats [image]() South Korea has experienced a staggering 4,000% increase in its migrant population over the past 30 years, making it a top expat destination. Data reveals that the number of international migrants in South Korea jumped from just over 43,000 in 1990 to nearly 1.73 million in 2024. The country leads the world in this shift, attracting people due to its vibrant culture, strong economy, and quality of life. Other countries, such as Colombia and Chile, have also seen significant increases in their expat populations. 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]( Thailand Expands Elite Visa Program to Most Nationalities [image]() Thailand has opened its Elite Visa program to all nationalities except North Korea, ending restrictions on 28 countries across Asia, the Middle East, and Africa. This move reflects the growing popularity of the visa and Thailand’s aim to reach a more diverse market. With visa options ranging from five to 20 years, the program offers long-term residence without the path to permanent residency. The decision is expected to attract more visitors from countries like Pakistan, Egypt, and Nigeria, further boosting Thailand's appeal as a hub in Southeast Asia. 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