{NAME}, Got a minute? Here's how Hungary's new Golden Visa could change your life

Discover the path to a luxurious European lifestyle and investment opportunities with Hungary's revitalized Golden Visa Program. November 16, 2023 [image] [Event]( | [Your Citizenship]( Welcome to the Weekly Rundown. In a surprising policy U-turn, Hungary has launched a new Golden Visa Program, aiming to attract real estate investors through residency incentives. Investors can now gain a 10-year renewable residency by investing in Hungarian property or making significant donations to government-run public trusts. Portugal's NHR in Jeopardy - What You Need to Know [image]( Portugal's NHR (Non-Habitual Resident) regime faces a tumultuous future as President Marcelo Rebelo de Sousa's controversial constitutional maneuver puts its termination back on the table. Amidst a government crisis triggered by a corruption scandal and the dismissal of Prime Minister Antonio Costa, the fate of the NHR, pivotal for tax and immigration policy, remains uncertain. With the final vote set for November 29th, Portugal grapples with potential loss of EU funds and political instability, leaving the outcome of the NHR regime and the country's political landscape highly unpredictable. Read the full story [here](. [image] Hungary's Bold Move: Golden Visas Return to Spur Investment [image]() Hungary revives its Golden Visa Program, offering a unique path to residency for high-value real estate investors. This strategic move, coming after the closure of a previous scheme due to graft issues, is designed to attract foreign capital and tackle labor shortages. Amidst Europe's mixed stance on such programs, Hungary's initiative stands out as a significant step in reshaping its economic and immigration landscape. Read the full story [here](). [image] IRS's Latest Tax Proposal - A Threat to DeFi and Your Digital Wallet [image](=) The IRS's new tax reporting proposal for digital assets, is stirring up significant controversy. Blockchain Association's Marisa Coppel highlights the potential overreach and impracticality of the proposed rules, especially for decentralized and non-custodial platforms. The proposal, could force U.S.-based decentralized projects to either centralize, relocate, or shut down, undermining the core principles of decentralized finance. Coppel argues that this approach not only exceeds the Treasury Department's authority but also poses constitutional and procedural concerns, urging a more nuanced and collaborative approach to regulation in this rapidly evolving sector. 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]( Ohio Alert: Property Tax Spike Looms with Real Estate Boom [image](=) Northeast Ohio residents are set to face increased property taxes in 2023 due to soaring real estate values. Counties like Geauga are seeing property values rise by over 30%, but the tax increase won't be as steep, assures Geauga County Auditor Chuck Walder. Efforts are underway to ease the burden, including local discussions to reduce tax levies and state legislative proposals like House Bill 187 to moderate tax calculations. Homeowners are advised to review and possibly contest their new property assessments. Read the full story [here](). [image] Heads Up, CEOs: Navigating the Upcoming Global Tax Reform Maze [image]( CEOs of multinational corporations must brace for the imminent Pillar Two global tax reforms set to reshape the corporate tax landscape in 2024. These sweeping changes demand a reevaluation of business strategies, compliance processes, and data gathering. With Pillar Two aiming to set a 15% global minimum tax, companies face complex compliance challenges and the need for cross-departmental coordination. This reform will not only impact financial reporting but also influence decisions regarding operations, M&A activities, and global positioning. Preparing for these changes is crucial, as they present both compliance hurdles and strategic opportunities for multinational enterprises. Read the full story [here](. [image] Egypt's Residency Rules Update: What Foreigners Need to Know [image](=) Egypt's new residency regulations for foreigners, effective until December 15, 2023, introduce significant changes for both legal and illegal residents. These include mandatory conversion of fees to Egyptian pounds, specific application procedures, and varied residence permits with different validity and costs. The rules also outline fines for late registration and other violations, making it crucial for the nearly nine million foreign residents and newcomers to understand and comply with these updates. Read the full story [here](=). [image] [image]( NOBODY OFFERS YOU MORE CHOICES When it comes to internationalizing your business and life, nothing works alone. Nomad Capitalist is the only firm of its kind that combines tax, immigration, asset protection, and investment strategy, all under one roof to create a Plan as unique as you are. [EXPLORE YOUR OPTIONS](=) LA Mansion Tax Drama: More Than Just Millionaire Worries [image]() Los Angeles' new mansion tax, spotlighted in Netflix's "Selling Sunset," imposes extra charges on homes sold for over $5 million to fund affordable housing. This tax is causing concern among luxury real estate agents, who fear it might dampen the high-end market. However, housing advocates view it as a crucial measure to address the city's housing crisis. The tax could unintentionally hinder multi-family housing developments, a key component of affordable housing. As the city assesses the tax's impact, revisions may be needed to ensure it effectively supports housing affordability while maintaining real estate market health. Read the full story [here](). [image] Digital Nomad Visas: Your Ultimate Guide to Long Stays and Low Fees [image](=) Digital nomad visas, growing in popularity globally, offer varying terms and conditions across different countries. Thailand grants the longest stays, while Canada provides the shortest. Tax exemptions, income requirements, and application procedures differ widely, with some countries like the Cayman Islands demanding high minimum incomes and others imposing significant application fees. These visas, provide remote workers with opportunities to travel and work from new locations, contributing to local economies while experiencing different cultures. Read the full story [here](=). [image] Breaking: Saint Kitts Starts Refunds for Sanctioned Country Applicants [image](=) Saint Kitts & Nevis Citizenship by Investment Unit (CIU) has begun refunding applicants from sanctioned countries who were initially approved but later denied citizenship. This decision, confirmed by Prime Minister Terrance Drew, follows weeks of scrutiny after funds were withheld from approved applicants. The refund process is now underway, addressing the concerns of affected individuals, including several Russian clients represented by local service providers. This development marks a significant shift in the CIU's handling of citizenship applications from individuals in sanctioned countries. 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. [CHECK YOUR ELIGIBILITY]( Income Tax 101: What It Means for Your Wallet [image]( The UK government has frozen income tax personal allowances and higher rate thresholds until April 2028, leading to higher taxes for many as wages increase. Basic income tax is set at 20% for earnings between £12,571 and £50,270, with higher rates of 40% and 45% for larger incomes. National Insurance contributions are aligned with these thresholds. This freeze is expected to push more people into higher tax brackets, significantly increasing the tax burden and raising the UK's tax-to-GDP ratio to a historic high. Scotland has its own distinct tax rates due to devolved powers. Read the full story [here](. [image] [image]( CREATE AND IMPLEMENT YOUR OWN BESPOKE GLOBAL CITIZENSHIP PLAN Unlike other firms, we live the Nomad Capitalist lifestyle. We appreciate how valuable your time is, so let us handle the small details while you focus on what matters. [EXPLORE YOUR OPTIONS]( = = 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