{NAME}, Hungary's Golden Visa To Launch Sooner Than Expected

Catch up on the latest: Hungary's Golden Visa, expat insights, tax increases, and more in our Weekly Rundown December 14, 2023 [image] [Event]( | [Your Citizenship]( Welcome to the Weekly Rundown. Hungary is accelerating the launch of its new Golden Visa program, initially scheduled for September 2024, to January 2024. This real estate-focused program, with a minimum investment starting at EUR 250,000, offers residence in Hungary through various investment options. The decision aims to revitalize Hungary's immigration system and presents an attractive opportunity for global investors to contribute to the country's development in education, science, and the arts. El Salvador's $1M Crypto Visa: A Bold Bet on Bitcoin [image]( El Salvador is targeting the crypto elite with its new "Freedom Visa" program, offering residence and a path to citizenship for those investing $1 million in bitcoin or tether. Limited to 1,000 applicants, this initiative could bring a significant $1 billion investment to the country. This bold move is part of President Nayib Bukele's strategy to embrace bitcoin, following its adoption as legal tender in 2021 and efforts to attract crypto businesses with tax incentives. The program's high investment requirement sets it apart from other, more affordable golden visa schemes, reflecting El Salvador's ambition to attract major players in the cryptocurrency space and strengthen its financial independence. Read the full story [here](. [image] Hungary's Bold Move: Early Launch of Exclusive Golden Visa Program [image]( Hungary is making a strategic leap by advancing the launch of its exclusive Golden Visa program to January 2024, a significant shift from its original September timeline. This enticing initiative, aimed at global investors, offers a unique opportunity for residence through a minimum investment of EUR 250,000 in real estate and other sectors. It's a pivotal moment for Hungary's immigration system, presenting a blend of investment and cultural enrichment opportunities. Read the full story [here](. [image] Turkey's CIP Revamp: No More Undeveloped Land for Citizenship [image]( Turkey's Citizenship by Investment program, since its inception in 2017, has seen numerous adjustments. The latest change, effective December 11, 2023, disqualifies undeveloped land without a building permit as a valid real estate investment for citizenship. This amendment follows a series of policy shifts aimed at refining and elevating the program's standards. Despite the absence of detailed statistical data, the real estate investment route has remained a popular choice among applicants, with the latest amendment expected to have minimal impact on prospective investors. These continuous modifications reflect Turkey's commitment to evolving its Citizenship by Investment program to align with market dynamics and regulatory standards. 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]( MM2H Program: A New Dawn for Malaysia's Second Home Initiative [image]() Malaysia's "Malaysia My Second Home" (MM2H) program is set to experience a major revamp, with positive changes aimed at relaxing stringent application conditions. Datuk Seri Tiong King Sing, the Tourism, Arts and Culture Minister, announced that these modifications, including adjustments to the MM2H threshold, will be revealed mid-December. This initiative is part of the government's effort to boost tourism and foreign investment. The revised program will undergo a thorough vetting of consultant agents and implement a fixed consultancy fee for greater transparency. With a target of attracting up to 15,000 applications in the coming year, these changes are expected to rejuvenate the program and make it more appealing to a global audience, particularly retirees. Read the full story [here](). [image] Paris Triumphs as World's Top City Destination in 2023 [image]() Paris reigns as the top city destination in the world in 2023, according to Euromonitor International's Top 100 City Destinations Index. This accolade highlights Europe's tourism dominance, with cities like Madrid, Amsterdam, and London also ranking high. The index assesses tourism, sustainability, and economic performance, with Paris leading due to its ongoing improvements and preparation for the 2024 Olympics. European cities are joined by Dubai, Tokyo, and New York in the top ranks, showcasing a blend of cultural richness and modern advancements. Read the full story [here](=). [image] Málaga Tops 2023's Best European Cities for Expats [image](=) In a surprising twist, Málaga, not a capital city, has been crowned the best European city for expats in 2023, according to a survey by InterNations. Lauded for its friendliness, quality of life, and excellent weather, Málaga leads in work-life balance and cost of living. Spanish cities dominate the top ranks, with Alicante, Valencia, and Madrid also featuring prominently for their welcoming communities, affordable healthcare, and vibrant social life. However, Milan ranks as the least favorable city for expats, facing challenges in bureaucracy, job security, and environmental quality. This comprehensive survey reflects the diverse criteria expats consider when choosing their ideal European destination. 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]() Singapore Soars as Asia's Top Expat City [image]( Singapore has been named the best city in Asia for expats, ranking 29th globally in Mercer's 2023 Quality of Living survey, sharing the spot with Adelaide. The survey, assessing over 450 cities on factors like political stability, healthcare, and recreation, places Vienna, Zurich, and Auckland as the top three worldwide. Despite Singapore's consistent lead in Asia, it has yet to break into the global top 10. Western European cities dominate the top ranks, with Vancouver representing North America in eighth place. Dubai and Port Louis lead the Middle East and Africa, respectively, while Australian cities like Sydney also rank high. The survey reflects the evolving global landscape and its impact on quality of life for expats. Read the full story [here](=). [image] Australia Cracks Down: Higher Taxes for Foreign Real Estate Investors [image]( Australia is tightening its grip on foreign real estate investment with new rules that significantly increase taxes and fees. Foreigners purchasing existing Australian homes will now face tripled taxes, while those leaving properties vacant will see fees doubled. This move, expected to raise about half a billion dollars, aims to boost housing affordability and increase rental market availability. The government is simultaneously encouraging foreign investment in new housing developments and build-to-rent projects by reducing application fees. These changes, set to be introduced in parliament next year, represent a strategic effort to address housing challenges and encourage the construction of new properties. Read the full story [here](=). [image] Expats Find Renewed Life in Ecuador: Escaping the American Rat Race [image](=) A growing number of Americans, disillusioned with the elusive 'American Dream', are relocating abroad to countries like Ecuador, seeking a better quality of life and lower living costs. JP Stonestreet and Amelia Basista, who moved to Ecuador in 2017, exemplify this trend. Despite a comfortable income in the US, they struggled with debt and the demanding work culture. In Ecuador, they've found a healthier, more relaxed lifestyle, significant weight loss, and financial relief. The cost of living in Ecuador allows them to enjoy a more comfortable life on a similar income, with benefits like affordable healthcare. This shift reflects a broader trend among Americans, both young and old, who are increasingly choosing expat life over high costs and economic pressures in the US. 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]() Explore Peru with a Year-Long Digital Nomad Visa [image](=) Peru is stepping into the digital nomad trend with a new visa allowing remote workers to immerse in its rich culture and natural beauty for a year, with potential extensions. Targeting professionals employed outside Peru, this initiative aims to enrich the local economy through tourism and cultural exchange, while offering an opportunity to transition to an investor visa. Lima, known for its vibrant coworking scene and lower cost of living compared to many European countries, becomes an attractive base for nomads. Peru's diverse landscapes, from Machu Picchu to the Amazon rainforest, coupled with its renowned cuisine, make it an appealing destination for digital nomads seeking a blend of work and adventure. This move places Peru alongside other South American countries like Argentina, Brazil, Ecuador, and Uruguay, embracing the remote work trend. 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