{NAME}, Is Netherlands Golden Visa Ending Soon?

Last call to unlock a realm of boundless opportunities. Act before this golden door closes forever November 2, 2023 [image] [Event]() | [Your Citizenship](=) Welcome to the Weekly Rundown. The Netherlands is closing its doors on the lucrative Golden Visa program, which is set to wind up by January 1, 2024. This initiative, introduced in 2013, invited affluent foreign investors to make a hefty contribution of at least €1,250,000 to the Dutch economy in exchange for residence permits. Unlike some nations, the Netherlands directed these investments mainly towards business development, steering clear of private real estate ventures. This move follows a trend across Europe, with countries like Portugal and Ireland waving goodbye to their Golden Visa programs. Is Italy's Tax Appeal Fading? Proposed Cuts Stir Concern [image](=) Following Portugal's lead, the Italian government is considering proposals to alter its Lavoratori Impatriati (LI) tax scheme, which currently allows certain individuals to pay tax on only a portion of their income. The proposed changes include reducing the exempted income, removing extensions beyond five years, and introducing an income cap at EUR 600,000. These alterations, aimed at making the scheme less attractive, have drawn criticism from groups like Controesodo, who argue that the LI scheme has been beneficial in attracting taxpayers to Italy and boosting demographic numbers, especially among returning Italian workers. Read the full story [here](=). [image] Dutch Golden Goodbye: Netherlands to Terminate Golden Visas [image](=) The Netherlands has announced the termination of its Golden Visa program, effective from January 1, 2024. Initiated in 2013, the program required foreign investors to contribute a minimum of €1,250,000 to obtain residency, focusing investments on business development. This termination follows a European trend, with countries reassessing the ethics of 'selling' residency. Read the full story [here](. [image] Vanuatu's New Passport Perk: Coconut Oil Investments [image](=) Vanuatu has introduced a new Citizenship by Investment (CBI) program, inviting investors to contribute to a coconut oil-centric fund with a minimum input of US$138,000, for a path to citizenship. This scheme, a revamp of a previous program, aims to pivot from donation-based to investment-linked qualifications, promising investors an annual return and at least half of their principal amount back after five years. By channeling funds into coconut oil production to replace diesel in electricity generation, this initiative aligns with Vanuatu's green energy targets, offering both a sustainable investment opportunity and an alternative route to citizenship. Read the full story [here](=). [image] [image]() NOMAD CAPITALIST LIVE: WHERE YOUR NEXT CHAPTER BEGINS Feeling stuck in the crowd? Yearn for a seat at the top table? Dive into the inner circle of world-class Nomad Capitalists. [JOIN THE WAITLIST]() Golden Visa Closure: Irish Football's Funding Fumble? [image]( The Football Association of Ireland (FAI) is seeking clarity from the government on the termination of the Immigrant Investor Programme (IIP), equivalent to the Golden Visa scheme, which facilitated residency for wealthy foreign investors contributing financially to Ireland. The FAI, in a letter to the Department of Justice, emphasized the program's substantial support to the sports sector by attracting investments for sports and training facilities. Amid concerns over unlawful activities, the scheme was abolished in February, leaving the FAI anxious over the approval of existing applications which, if granted, could provide a significant boost to sports infrastructure funding. Read the full story [here](. [image] Europe's Entry Pause: Travel Authorization Delayed till 2025 [image](=) The anticipated European Travel Information and Authorisation System (ETIAS) requirement for travelers from over 60 countries, including the U.S., has been postponed to 2025 from its earlier planned implementation in 2024. The ETIAS, aimed at bolstering security checks on visa-free visitors to 30 European nations, has faced several delays since its proposal in 2016. With a nominal fee of 7 euros, the authorization is valid for three years, offering a streamlined entry process, although its recurrent deferrals may prolong the wait for simplified transatlantic travel. Read the full story [here](=). [image] From Silicon Valley to Sandy Beaches: Mazatlán's Digital Nomad Magnet [image](=) The allure of blending work with the serene beaches of Mexico has led to a surge in U.S. digital nomads, especially in under-the-radar havens like Mazatlán. With remote work on the rise, an estimated 17.3 million Americans have embraced this lifestyle. Mexico’s relatively lower cost of living, favorable visa options, and robust internet infrastructure make it an ideal destination for those seeking a better work-life balance outside the traditional office setup. Not just Mazatlán, but also bustling hubs like Mexico City and tranquil retreats like Playa del Carmen are drawing remote workers in droves, contributing significantly to the local economies while redefining the concept of a workday under the sun. Read the full story [here](). [image] [image]( TIRED OF BEING SILENCES? IT'S TIME TO GO WHERE YOU'RE TREATED BEST Discover a world where your money grows and freedom isn’t just a word, but a lifestyle. Nomad Capitalist is your ticket to a realm of unbounded possibilities and zero constraints. [RECLAIM YOUR FREEDOM]( Why California's Business Climate Ranks Near Bottom Nationally [image]( California ranks 48th out of 50 states in business tax climate due to high income, sales, and corporate tax rates, according to the Tax Foundation. Despite its strong economy, critics argue these high taxes deter business growth and may drive companies to seek friendlier tax environments, emphasizing a need for tax reform in the state. Read the full story [here](=). [image] Chicago Suburb Tax Spike: A 30-Year Record Breaker [image]() A recent analysis by Cook County Treasurer’s team revealed a 15.7% median increase in residential tax bills in Chicago's north and northwest suburbs, marking the highest raise in three decades. This surge is a result of a 'perfect storm' of factors including the reversal of COVID-19 adjustments on property values, a booming housing market, and a shift in tax burden from commercial to residential properties due to appeals. With a total tax increase of over $909 million across Cook County, homeowners like Wayne Sherman from Park Ridge are facing financial strain, as their property taxes soared significantly, questioning the fairness and transparency of the tax assessment system. Read the full story [here](=). [image] Open Borders in Africa: Kenya Leads Charge with Visa-Free Access [image](=) Kenyan President William Ruto has announced the lifting of visa requirements for all African visitors by end of 2023, aiming to enhance trade and economic ties across the continent. This initiative is part of a broader effort within the African Union to facilitate visa-free travel within Africa, promoting intra-continental trade. Alongside this, President Ruto called for lower customs tariffs to hasten the African Continental Free Trade Area's enactment. While a few African nations have embraced visa openness, Kenya's decision marks a significant step towards a more integrated and economically cohesive Africa. Read the full story [here](=). [image] [image]() HIDDEN IN YOUR HERITAGE: A PASSPORT JUST FOR YOU Did your family tree leave you a global gateway? Discover it now. [YOUR SECOND PASSPORT]() Howard's Bold Swipe at Multiculturalism: What Ignited the Fire? [image](=) Former Australian Prime Minister, John Howard, expressed his longstanding discomfort with multiculturalism at the Alliance for Responsible Citizenship forum in London. He argued that immigrants should embrace the values of their host countries. Howard, alongside other conservative figures, interpreted the recent 'no' vote in the voice referendum as an endorsement of national unity, opposing racial or cultural separation. These remarks come amidst ongoing debates on multicultural policies, Indigenous recognition, and racial harmony in Australia. Critics accuse Howard and likeminded conservatives of misinterpreting the referendum results to further an assimilation agenda. 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. 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