Malaysia's MM2H Shift: Why It's a Big Deal for Investors

Inside This Week's Rundown: Malaysia's MM2H Program Revamp & More - Get the latest on how these strategic changes are reshaping investment. December 21, 2023 [image] [Event]( | [Your Citizenship]() Welcome to the Weekly Rundown. Malaysia shakes up the residence by investment scene with its revamped Malaysia My Second Home (MM2H) program. Introducing a flexible three-tier system and offering a path to permanent residence, this move marks a significant shift from previous rigid requirements. With lowered age limits and inclusive family policies, Malaysia aims to attract a broader spectrum of investors. However, the program's promise of PR and its impact in the competitive Southeast Asian market receives mixed reactions from experts. It's a bold step for Malaysia, potentially reshaping the regional residence landscape. Lisbon's Real Estate Surprise: Rising Despite End of Golden Visa [image](=) Lisbon's housing market remains robust despite Portugal ending its Golden Visa and NHR programs, as reported by TPN. Contrary to expectations, these policy shifts have barely dented the city's real estate demand, with prices continuing to climb. The capital's charm, affordable housing compared to cities like Paris or Zurich, and a high quality of life continue to attract foreign buyers. This enduring appeal has led to a supply shortage, with Lisbon's property prices increasing by 5.8% in November, outperforming most European capitals and underscoring the city's resilient real estate market. Read the full story [here](. [image] Malaysia's Game-Changer: New MM2H Rules Spark Investor Interest [image](=) Malaysia has revamped Malaysia My Second Home (MM2H) program rolling out a new three-tier structure, breaking away from the one-size-fits-all approach. This innovative system not only offers varied deposit options but also introduces the enticing prospect of permanent residence, a first for Malaysia. The program’s new features, including lowered age requirements and the inclusion of extended family members, are designed to attract a wider range of global investors. Despite these appealing changes, there's a buzz of skepticism among experts about the feasibility of PR for top-tier investors. This bold revision by Malaysia could potentially revolutionize the Southeast Asian investment landscape, making it a crucial topic for investors and market watchers alike. Read the full story [here](=). [image] Global Tax Shake-Up: Navigating the New OECD Agreement [image]() The OECD's new tax agreement, supported by over 130 countries, is revamping international tax rules for multinationals. Pillar One changes tax locations to where companies have customers, significantly impacting U.S. firms. Pillar Two sets a global minimum tax of 15% for companies with substantial revenues, affecting earnings in low-tax jurisdictions. While the EU is unified in implementing Pillar Two, the U.S. remains undecided, creating a complex global tax landscape for multinationals. This major tax overhaul represents a significant shift in international tax policy. Read the full story [here](). [image] [image](=) THE WORLD’S #1 EVENT FOR GLOBAL CITIZENS Learn what works in 2024 and beyond to legally reduce your taxes, build an international Plan B, and diversify and protect your wealth from high-caliber experts. [JOIN THE WAITLIST]() Dual Citizenship: Your Ticket to Bypassing Airport Queues [image]() Dual citizenship is becoming increasingly popular among British citizens, providing smoother travel and broader living opportunities. The number of dual passport holders in England and Wales has significantly increased, offering benefits like visa-free travel and work rights across multiple countries. However, it also brings complexities such as tax implications and fulfilling legal obligations in both nations. Key routes to obtaining dual citizenship include family heritage, marriage, employment, and investment, with notable examples like Irish citizenship post-Brexit and American citizenship via green cards. This trend highlights the strategic value of dual citizenship in a globally connected world. Read the full story [here](. [image] Spain's Golden Visa in the Crosshairs: A Shift in EU Residence Policies [image]() Spain might join other EU countries in tightening or eliminating its golden visa program, following a trend of phasing out these schemes across Europe. Golden visas, offering residence through investment, have been under scrutiny for potentially inflating property prices and not significantly benefiting local economies. Portugal and the Netherlands have already amended their programs, with Spain potentially increasing investment requirements or scrapping the scheme altogether. The EU's stance against these visas, seen as security risks and incompatible with EU values, is pushing nations to reevaluate their policies. This shift reflects a growing concern over the influence of investment-based residence on domestic markets and societal structures. Read the full story [here](). [image] Cyprus' New Strategy: Offering Citizenship to Boost Tech Innovation [image]( Cyprus has updated its Civil Registry Law to attract tech talent by offering fast-track citizenship for those working in research and innovation. This new approach focuses on expertise rather than investment, requiring applicants to have knowledge of Greek, financial independence, and a clean criminal record. Family members are also eligible under this scheme. This "golden knowledge programme" is part of Cyprus's strategy to foster innovation and strengthen its economy through skilled professionals in the tech sector. Read the full story [here](). [image] [image]( WHAT IF YOUR WEALTH COULD STRETCH FURTHER WITHOUT STRETCHING YOU THIN? Is your country limiting your wealth's potential? See how Nomad Capitalist's global strategies can help grow your wealth and freedom [GROW YOUR WEALTH]( Kenya Opens Its Doors: Visa-Free Entry Starting 2024 [image]( Starting January 2024, Kenya will remove visa requirements for all visitors, transitioning to an electronic travel authorization system. This change, announced by President William Ruto, is part of efforts to ease travel and boost tourism. The new system, similar to those in the US, UK, and Canada, aims to streamline entry procedures, making visits to Kenya more accessible and convenient for international travelers. This initiative reflects a wider movement in African Union countries to promote economic growth through relaxed travel restrictions. Read the full story [here](=). [image] New Hurdles for Wealthy Americans in Wealth Preservation [image]() The latest Chubb Wealth Report highlights increasing challenges for wealthy Americans and Canadians in safeguarding their assets. With economic volatility and concerns over investment stability, many with assets between $500,000 and $25 million are struggling to maintain their wealth. Additionally, risks from climate-related property damage, such as hurricanes and wildfires, and the protection of valuable collections from theft and natural deterioration are key concerns. The report also notes a growing worry about the potential for large legal settlements in liability lawsuits, with many lacking sufficient insurance coverage. This paints a picture of the complex challenges faced by high-net-worth individuals in today's uncertain financial and environmental climate. Read the full story [here](. [image] New York's Exodus: Tax Policies Pushing Residents Away [image](=) New York is experiencing a significant population decline, with 217,000 more people leaving than arriving from July 2022 to July 2023, according to the Census Bureau. This outflow, exacerbated by high taxes and government spending, is impacting the state more severely than its death rate. New York's high tax burden, which includes a top marginal tax rate of nearly 15% for high-income earners in NYC, is driving residents to lower-tax states like Florida, South Carolina, Tennessee, and Texas. The state's population has shrunk by 631,000 since mid-2020, taking jobs and economic activity with them. This trend highlights the negative impact of New York's fiscal policies on its population and economy, emphasizing the need for tax reform to retain and attract residents. 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](=) Celebrating Christmas Away: Tips from Nomads and Expats [image]( For those spending Christmas abroad, blending local traditions with familiar ones can enhance the festive experience. Digital nomads and expats recommend immersing in the culture of the destination – like having a fish fry on the beach in New Zealand or exploring Christmas markets in Germany. Maintaining some traditional elements, such as decorations and festive foods, helps keep the holiday spirit alive. Travelers also suggest embracing the unique ways different countries celebrate Christmas, from commercial festivities in Buddhist Thailand to observing local traditions like Colombia's Día de las velitas. This approach to celebrating Christmas while traveling offers a blend of novelty and nostalgia, making for memorable holiday experiences. 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