👀 {NAME}, guess who grabbed Indonesia's Golden Visa?

September 7, 2023 [image] [Event]() | [Your Citizenship]() Welcome to the Weekly Rundown. Big moves this week: Sam Altman of OpenAI fame has been awarded Indonesia's inaugural "Golden Visa". This isn’t just a stamp on a passport; it's a strategic alignment between a tech titan and Southeast Asia's largest economy. If you've ever been curious about where AI's next frontier might be, this is your hint. Unlocking the UAE's Tax Gift: Is Your Business Eligible for Big Savings? [image](=) The UAE introduces a significant tax relief for small businesses through its Small Business Relief (SBR) initiative. Aimed at easing corporate tax burdens, businesses with gross incomes up to Dh3 million can benefit from this until December 31, 2026. The Federal Tax Authority further clarifies the application through the Corporate Tax Guide. Notably, while this relief simplifies tax returns for eligible businesses, it's not a free pass; documentation remains essential. Read the full story [here](=). [image] OpenAI's Altman Lands First Indonesian Golden Visa: AI's New Frontier? [image]() Indonesia awards its pioneering "Golden Visa" to Sam Altman, OpenAI's CEO, hinting at a strategic collaboration to propel the nation's AI ecosystem. Fresh from his Asia tour, Altman's decade-long visa not only offers travel luxuries but indicates a deeper investment in Southeast Asia's tech growth. With AI's transformative potential and its associated risks, this partnership may redefine the regional AI landscape. Read the full story [here](). [image] Caribbean CIPs React to St. Kitts' Price Hike: Who's Next? [image](=) After Saint Kitts & Nevis unexpectedly doubled its Citizenship by Investment Program prices, all eyes turned to other Caribbean nations to see if they'd follow suit. Initial reactions were of surprise; many regional peers admitted they were caught off guard by the decision. While Grenada’s CIU head, Thomas Anthony, assured they wouldn't be increasing prices, Antigua & Barbuda's CIP Board hinted at potential revisions in their program. As for Dominica, they remain undecided, while Saint Lucia’s CIU remains silent on the matter. Amid these developments, Grenada and Saint Lucia announced new applicant interview requirements, each with associated fees. Read the full story [here](=). [image] [image](=) NOMAD CAPITALIST LIVE IS ON - HERE'S YOUR SECOND CHANCE Ever wonder why some Nomad Capitalists are steps ahead? Dive into the world's best kept secrets for 2024 wealth, freedom, and global strategy. Don't let next year be another 'I wish I had...' moment." [JOIN THE WAITLIST NOW]() UK Expats Hit by Macron's 60% French Tax Hike [image]( UK expats owning second homes in France are reeling from a sharp increase in council tax, as French President Emmanuel Macron sanctions a tax rise of up to 60% across 3,399 councils. This decision significantly impacts the 86,000 British households with properties in France, exacerbating the already tense situation following post-Brexit visa restrictions. These restrictions limited Britons to stays of only 90 days within a 180-day period in EU member states. Notably, regions popular with British holiday home owners, such as Brittany, are among those implementing this tax hike. Read the full story [here](. [image] Facing the Second-Home Council Tax Surge: Will You Be Paying More? [image]() The UK Government is poised to allow local authorities to double council tax for second-home owners, a move affecting nearly 50% of such properties. This proposal could generate an estimated £200 million from over 100,000 homeowners, especially targeting popular holiday destinations like Devon and Cornwall. While some see this as a remedy to the housing shortage, critics argue it's a scapegoat strategy that could diminish local tourism and economic vitality. With councils in major tourist hubs already backing this surge, the debate intensifies on the implications and efficacy of this approach. Read the full story [here](). [image] Indonesia's Golden Visa: A Golden Opportunity Missed? [image](=) As the Golden Visa landscape undergoes significant shifts, Indonesia’s newly launched program comes under scrutiny. With a rich cultural tapestry, rapid economic growth, and being a hub of Southeast Asia's growth narrative, Indonesia seemed poised to introduce a game-changing residency program. However, the terms of Indonesia’s Golden Visa are disappointing. Criticized for being too expensive, non-permanent, and lacking uniqueness, it falls short of attracting the intended affluent investors. With better pricing, permanency, and unique offerings, Indonesia could leverage its potential as a top destination for global investors. But will it make the necessary changes to compete on the global stage? Only time will tell. Read the full story [here](. [image] [image]() THERE'S ALWAYS ROOM AT THE TOP - THE SECRET OF THE 1% Top entrepreneurs. Game-changing investors. They're all using the Nomad Capitalist advantage. A boundary-less world, crafted for visionaries who break molds and shatter expectations. [BORDERS ARE NOTHING]( Caribbean's New Passport Play: Are UAE's Elite Ready to Pay More? [image]() As Caribbean countries like Dominica, St. Kitts and Nevis, and Grenada revamp their Citizenship By Investment (CBI) programs, UAE's affluent residents aspiring for a second passport might have to dig deeper into their pockets. These sought-after passports offer visa-free access to over 100 nations. With tighter regulations and increased investment thresholds, the Caribbean aims to attract high-caliber investors while ensuring their programs align with EU and US standards. UAE investors from China, Vietnam, and Egypt are among the most interested, viewing the heightened standards positively. However, existing applications, submitted before July 27, 2023, remain under the previous regulations. Read the full story [here](=). [image] Post-Brexit Passport Frenzy: Why YOU Might Want Dual Citizenship [image]() Amid Brexit's aftermath and upcoming 2024 EU travel complications, more Britons are securing dual passports than ever, with the Irish passport rising in demand due to its post-Brexit advantages. The Irish passport allows holders to freely live or work in the EU, making it one of the most sought-after second passports. The data also reveals a surge in dual citizenship across the board since 2011. For those seeking a powerful travel passport, Singapore currently holds the crown, providing access to 192 countries without prior authorization. However, global citizenship options vary, from heritage-based applications in Europe to investment opportunities in countries like Malta and Portugal. Read the full story [here](=). [image] Brits in Aotearoa: The Cultural Gap and Quest for Connection [image](=) British expats in New Zealand voice their challenges adapting to local culture, expressing feelings of alienation and missing the familiar 'banter' back home. Amid mixed feelings, some long for the warmth of UK, while others warn that memory might idealize the past. The question emerges: Is the grass always greener on the other side? Read the full story [here](=). [image] [image]() WHERE DOES YOUR TAX FREEDOM LIE? Unravel the secrets of global tax havens. Dive deep with our interactive map. Green means GO for your wealth. Click and conquer. [YOUR TAX PARADISE]() Is Italy Changing Its Ancestry Citizenship Rules? What You Need to Know [image](=) Rumors are circulating that Italy is tightening its criteria for obtaining citizenship through ancestry, potentially introducing a language requirement and limiting generational claims. These claims stem from a draft law proposed by Senator Roberto Menia of the ruling Brothers of Italy party. The draft suggests limiting claims to three generations back and introducing a B1 level Italian language test. However, the bill is in its early stages, and changes to Italy’s citizenship laws have been proposed previously without fruition. The suggested amendments aim to address concerns about lengthy waiting times at consulates and perceived misuse of the citizenship route for other migration purposes. Read the full story [here](). [image] [image]( WHY 1,500+ TOOK THE NEXT STEP? Over 1,500 did more than just dream. They discovered their global fit. [WHERE IS YOURS?]( = = 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