🔥 {NAME}, ever think of Bali as home? Now you can.

August 17, 2023 [image] [Event]()| [Your Options]() Welcome to the Weekly Rundown. This week, we're spotlighting Indonesia's dynamic approach to tourism and investment. Bali, the coveted island paradise, is poised to unveil its ‘Golden Visa’ by the end of 2023. Tailored for "quality tourists" and high-net-worth individuals keen on residency-by-investment, this visa promises stays of up to a decade. Why The Elite Choose Caribbean CIPs [image]() Critics often warn of the potential misuse of Caribbean Citizenship by Investment Programs (CIP) by illicit actors. However, an in-depth analysis suggests that the rigorous vetting and significant investment required make the CIP a less appealing option for these "scoundrels." When comparing CIP to other means of obtaining passports, it becomes evident that the program isn't the preferred route for those with ill intentions. Amidst this backdrop, political motivations behind the criticisms emerge, raising questions about the future of CIP in light of looming visa impositions by the UK and Schengen. Read the full story [here](. [image] Bali's Golden Visa Coming? A Paradise Play for the Elite Investor [image]() Bali unveils its 'Golden Visa', a premium residency-by-investment for wealthy foreigners eager to invest and nestle into Indonesian paradise long-term. Designed for those with an eye for digital tech, healthcare, and luxury real estate, this five-to-ten year stay promise seeks to supercharge the island's economy. Read the full story [here](). [image] Grenada's Great Real Estate Rethink: Five CBI Projects Stripped [image]( As of August 4th, 2023, Grenada's Citizenship by Investment Unit (CIU) made a bold move, delisting five real estate projects from its approved developments for the Citizenship by Investment Program. Projects like 'New Opportunities Investment Limited' and 'Horseshoe Cove Resort' felt the axe as Grenada seeks to ensure commitment to construction schedules. The shift, endorsed by CIU leader Thomas Anthony, resonates with Prime Minister Dickon Mitchell's earlier assertion: no progress means no certification. This shakeup mirrors broader changes in the Caribbean's CBI real estate sector, seen most notably when Saint Kitts & Nevis redefined its real estate approval system. Read the full story [here](. [image] [image]() YOUR PATH TO A SECOND PASSPORT STARTS HERE The most affordable citizenship option. Your Ancestry could be a goldmine. [CHECK YOUR ELIGIBILITY](=) Prime Minister Rishi Sunak: No Time for Tax Cuts [image](=) Prime Minister Rishi Sunak made it clear: now isn't the time for sweeping tax cuts. Despite his personal inclination as a Conservative politician, he stated that such a move, given the prevailing economic climate, would be reckless and counterproductive. Addressing the nation amidst rising inflation and consecutive interest rate hikes by the Bank of England, Sunak emphasized the need for patience, assuring workers that the UK will navigate and overcome its current economic trials. This announcement comes on the heels of the Bank's 13th consecutive interest rate increase to 5%, signaling a persistent battle with high inflation rates. Read the full story [here](. [image] Born in Japan, Yet Foreign: New Residency Hope for Minors [image]() Japan is ushering in a pivotal change, paving the way for foreign nationals under 18, born and nurtured on its soil, to qualify for special residency permissions. This significant move aims to address challenges faced by these children, many of whom are seamlessly integrated into Japanese society, yet grapple with hurdles like healthcare access due to their residency status. The Japanese Justice Minister holds the discretion to grant these permissions, with talks hinting at extensions for families. This shift illustrates Japan's stride towards inclusivity in a nation historically known for its stringent immigration policies. Read the full story [here](. [image] Brazil Eyes Big Hikes on Overseas Cryptocurrency Taxes [image]() In a move to modernize its notoriously complex tax system, the Brazilian Congress debates significant changes that could majorly impact the cryptocurrency landscape. Among the proposed reforms is a higher tax rate on cryptocurrencies held in foreign exchanges, categorizing them as “financial assets”. Thus, cryptocurrency gains from overseas would be subjected to tax rates up to 22.5%, based on the value. However, domestic crypto transactions remain unchanged, still adhering to Brazil's existing tax laws. Critics warn these changes could stifle the nation's crypto innovation, pushing investors offshore. A decision is anticipated on August 28th, with potential enactment by January 2024. Read the full story [here](). [image] [image]( THE NOMAD CAPITALIST ADVANTAGE: YOUR PASSPORT TO A BORDERLESS WORLD Lots of 'copycats' call themselves 'holistic', but nobody provides the 360-degree service that Nomad Capitalist does. [GET YOUR SECOND PASSPORT]( As EU Doors Teeter, Demand for Golden Visa Soars [image]() Despite mounting political scrutiny, Europe's "golden visa" schemes, which grant residency through investment, are seeing record applications. With billions at stake, nations like Greece and Portugal are making tweaks but the rush continues. As some EU pathways face potential shutdowns, immigration firms are booming and alternative destinations like Latin America and the UAE gain traction. Read the full story [here](. [image] California's Insurance Crisis: Wildfires Push Two More Giants Out [image]() As wildfire season intensifies, over 50,000 California homeowners face uncertainty after two insurance companies, including Berkshire Hathaway's AmGUARD, revealed plans to cancel policies in the state. These exits follow a growing trend of insurance companies, such as State Farm, backing away due to increasing wildfire risks, regulatory restrictions, and skyrocketing costs. With 1.3 million homes at potential wildfire risk valued at $760 billion, residents now face limited, costly insurance options. Amidst this turmoil, homeowners express growing concerns for their properties and families' safety. Read the full story [here](=). [image] US's Deadliest Wildfire in 100 Years Claims 96 Lives... and Counting [image](=) Maui is grappling with the most devastating wildfire the US has seen in over a century. With a death toll at 96 and rising, Governor John Green termed it the "worst natural disaster in Hawaii state history." Fueled by winds from Hurricane Dora, the fires obliterated entire neighborhoods and the historic town of Lahaina. Despite President Biden's major disaster declaration and subsequent FEMA assistance, questions arise as neither Maui nor Hawaii's emergency sirens sounded during the crisis. Amidst the chaos, stories emerge of residents using innovative methods to signal for help or even diving into the ocean to escape the blaze. Read the full story [here](. [image] [image]() [image] To the gathering of open-minded individuals. This could be you. Part of something incredible. * PRICES TO INCREASE SOON [KUALA LUMPUR CALLS]() IRS Surge: Record Hiring Hits Decade Peak Amidst Controversies [image](=) The Internal Revenue Service (IRS) experiences its highest hiring spree in a decade, nearing 90,000 employees, marking a 13.79% increase from last year. This leap in staffing returns the agency to levels not seen since 2012. This bolstering comes after the Inflation Reduction Act granted the IRS billions in funds, a portion of which addresses hiring. However, concerns arise as the IRS plans to increase its enforcement officers, especially within its Criminal Investigation Division. Recent armed raids by IRS agents have sparked debate and led to a legislative proposal aiming to restrict the IRS from using taxpayer funds to arm its agents. Read the full story [here](). [image] [image]( NOBODY OFFERS MORE CHOICES THAN US 1,500+ Happy Clients. 100+ Countries. 1 Unwavering Mission [CHOOSE YOUR PASSPORT]( = = = Feel free to check out our [SERVICES](=) [ARTICLES]( [PODCAST]() [Manage Preferences]( | [Unsubscribe]( Nomad Capitalist LLC Kidnah, Block A Plot 4 Fujairah, Al Fujayrah United Arab Emirates (the) +1 (979) 966-6623