💰 {NAME}, Is This the Best News for Your Wealth in 2023?

September 14, 2023 [image] [Event]() | [Your Citizenship]( Welcome to the Weekly Rundown. In a world on the move, the elite aren't just crossing borders—they're buying them. From tech moguls to billionaires, the global power players are grabbing up "golden visas" and passports. Europe and Asia are the crown jewels, but what price are they truly paying for this new age mobility? Why Portugal's Passport Is Suddenly Every Nomad Capitalist's Dream? [image]() Portugal's Parliament is on the brink of tweaking its citizenship laws, potentially making it easier for foreigners living in the country to become naturalized. This surge in interest, notably from Israelis and Brazilians, isn't just about cultural or historical ties. With Portuguese citizenship offering perks like easier travel in the Schengen zone, lower taxes, and affordable quality education in the EU, it's no surprise that 37% more people applied in 2022. But with policy changes on the horizon, will this trend continue? Read the full story [here](). [image] Why Silicon Valley's Elite Are Splurging on Global Citizenship? [image](=) In an era where borders matter more than ever, America’s tech giants, including OpenAI's Sam Altman and former Google CEO Eric Schmidt, are not hesitating to 'purchase' their global mobility. From Indonesia’s just-launched golden visa program to the allure of European residency, discover the incentives driving the ultra-rich toward second (or third) passports, and the ripple effects of these choices in geopolitics and business. Read the full story [here](=). [image] Kuwait's Bold Move: Pay Up or Pack Up, Expats [image]( Kuwait has introduced a stringent new rule for its expatriate community. Effective immediately, expats must clear any government-related debts before renewing residency permits. These reforms, mandated by Acting Prime Minister Sheikh Talal Khalid Al-Ahmad Al Sabah, also extend to travel restrictions, requiring expats to settle utility bills and traffic fines before exiting the country. Renewal processes have been streamlined with official digital platforms for smoother settlements. The Ministry of Interior stresses the importance of adherence, hinting at stricter enforcement ahead. Read the full story [here](=). [image] [image]() CAPITALIZE IN 2024 AT NOMAD CAPITALIST LIVE Tired of watching from the sidelines? The world's leading Nomad Capitalists are gearing up for 2024, and you should be too. [ARE YOU IN?](=) Buy a Home, Stay a Decade: The UAE's Golden Visa Shortcut [image](=) The UAE's golden visa is not just a coveted status symbol, but it also provides residency for up to a decade without frequent renewals. A major advantage is the freedom to live, work, and study in the UAE sans a national sponsor, plus the perk of wholly owning a mainland business. If you're in the real estate market, securing property or properties which make you eligible for this visa. It's flexible, too – you can co-own with a partner, or even split across multiple properties. Once you're set, the Dubai Land Department is your next stop. Make sure to have the essentials like your passport, title deed certificates, and valid health insurance ready to go. Read the full story [here](). [image] Top 10 Cities Dominated by the Ultra-Wealthy [image]() In the Wealth-X 2023 World Ultra Wealth Report, it's unveiled that around 400,000 individuals globally are in the ultra-high net worth category, making up only 0.005% of the world's population. Each of these individuals boasts a net worth exceeding $30 million, with a combined value surpassing $45 trillion. Intriguingly, a significant 15% from this exclusive group can be found in just 10 major cities worldwide. Hong Kong tops the list, even with its recent challenges, closely followed by New York City. This roster also includes prominent cities across the US, Europe, and Asia, highlighting the patterns of global wealth distribution. Read the full story [here](=). [image] Bali's Golden Visa: Game-Changer or Just Confusion? [image]() Indonesia unveils a new Golden Visa policy aiming to entice high-worth individuals and investors with a 5-10 year residency status. While this move is lauded by the Director General of Immigration, Silmy Karim, and Indonesia’s Minister for Tourism, Sandiaga Uno, for potentially reviving the economy, tourism experts like Azril Azhari are skeptical. Azhari questions the clarity of the policy, warning against the potential for misuse by long-stay visitors in Bali, blurring the definitions between tourists, workers, and investors. Given the hefty investment requirements, concerns are also raised over whether the visa truly caters to the intended digital nomad audience. Read the full story [here](). [image] [image]( BLOODLINE PRIVILEGES: CLAIM YOURS Why settle for one home? Maybe there's a second passport hiding in your family tree. [DISCOVER YOURS]() Thailand's Boom: Tax Cuts & Visa-Free Entries for Investors [image]( In a bid to re-energize its stagnant economy, Thailand's new government, led by Prime Minister Srettha Thavisin, has unveiled bold economic measures. Diesel taxes will be slashed, bringing its price under 30 baht a liter, while Chinese and Kazakh tourists will enjoy visa-free access from September 25 until February's end. With a targeted 28 million foreign tourists this year, Thailand aims to lean heavily on its tourism sector, especially considering the surge of interest from Kazakhstan and the prior influx of Chinese tourists. Furthermore, in support of the local economy, the government has given the green light for farmers and small businesses to pause debt payments for up to three years. Read the full story [here](. [image] Is Your Milton Home About to Cost You More? Inside the New Tax Hike [image]( The Milton Town Council has greenlit a 9% property tax rise for 2024, marking the second substantial increase in as many years. As the town strives to maintain its services amidst inflation, homeowners, especially retirees on fixed incomes, are feeling the pinch. While some residents hope for enhanced amenities in exchange for future hikes, others are left questioning the sustainability of this trend. The tax changes kick in January 2024, amidst broader regional adjustments in property tax policies. Read the full story [here](). [image] Australia’s Move on Tax Havens: Will Your Investments Be Affected? [image]( Australia plans to introduce a global minimum tax in 2024. While this initiative is intended to deter companies from leveraging tax havens and offshore subsidiaries, doubts remain. Experts estimate the measure could raise billions in revenue annually, but some argue it might not effectively counteract corporate tax avoidance. Professor Sadiq suggests that taxing multinational companies as singular entities based on their global profits could be a more robust approach. Read the full story [here](. [image] [image]() ESCAPE TO PARADISE — THE NOMAD CAPITALIST WAY Tired of mainstream beach rankings? Dive into the Nomad Beach Index — where beauty meets opportunity, tax efficiency, and safety. [FIND YOUR PERFECT SPOT]() The Tax Implications of Soaring Interest Rates You Need to Know Now [image](=) As interest rates soar, many Americans are flocking to fixed-income investments like bonds and market funds. While these investments promise higher returns, especially during stock market volatility, there's a hidden drawback: taxes. The higher income from these investments can result in a substantial tax burden, potentially diminishing the overall returns. It's essential for investors to understand how these investments are taxed and explore avenues to mitigate the tax impact. This comprehensive guide dives deep into the world of fixed-income investments, taxation, and strategies to make the most out of your returns. 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