New Wealth Benchmarks: Are You In or Out?

New thresholds, global ranks, and the generational wealth shift: Dive into the details. February 29, 2024 [image] [Event]() | [Your Citizenship]( Welcome to the Weekly Rundown. There’s a significant update for those interested in the UAE's residency options. The golden visa, a coveted document granting long-term residency and a host of benefits, is set to become more accessible. If you own property in the UAE valued at Dhs2 million or more, the path to securing this visa may soon bypass the usual application process. This streamlined approach could redefine convenience for eligible residents, offering a direct route to immigration for visa issuance. Will Your Chance at a Greek Paradise Vanish? [image]() Amidst a landscape where golden visas are becoming scarce in Europe, Greece stands out by not only retaining but adapting its residency-by-investment program. Since its inception in 2013, during Greece's financial upheaval, the golden visa has been a beacon for affluent foreigners seeking a Mediterranean foothold. However, with housing markets heating up and local affordability on the line, Greece is poised to redefine the stakes. The proposed increase to an €800,000 threshold in hotspots like Athens and Santorini signals a strategic shift aimed at balancing investment influx with sustainable living conditions for locals. This move invites a closer look at how golden visas shape economies and communities, offering a glimpse into the future of residency-by-investment. Read the full story [here](). [image] UAE's New Golden Visa Path for Property Owners [image](=) Attention homeowners in the UAE: A groundbreaking shift in golden visa accessibility is on the horizon. If your property portfolio includes assets valued at Dhs2 million or more, you might be on the verge of bypassing the conventional application rigmarole for the sought-after UAE golden visa. This adjustment promises to streamline the process, offering a swift and hassle-free route to securing long-term residency, comprehensive healthcare benefits, and greater freedom for global travel. Read the full story [here](=). [image] Revealed: The Coastal Gem Topping the Charts for Expats Worldwide [image]() As the world opens up, the dream of living abroad is more vivid and attainable than ever. Amid this wanderlust resurgence, a surprising city emerges as the crown jewel for expats—Malaga, Spain. With its blend of sun-kissed beaches, friendly faces, and a lifestyle that marries leisure with convenience, Malaga has clinched the top spot in the Expat Insider Report. Beyond its scenic allure, the city's robust healthcare, efficient transport, and a climate that promises endless summer days have expats singing its praises. While affordability remains key in destinations like Cape Town, Malaga's overall charm and quality of life offer a compelling case for those seeking a home away from home. Read the full story [here](). [image] [image]() Guess Who's Coming to NOMAD CAPITALIST LIVE 2024? This is where legends like Tony Fernandes, Nigel Farage, Toomas Ilves, Cristina Cataman, Danielle DiMartino Booth and more converge. Their next big reveal? Only the curious will find out. This September, Kuala Lumpur becomes the epicenter of global strategy and innovation. Want in? [JOIN THE WAITLIST]() Could Hong Kong's Latest Move Be Your Key to Global Wealth? [image]() As the world's elite look for the next frontier in wealth management and investment opportunities, Hong Kong steps into the spotlight with its innovative New Capital Investment Entrant Scheme (CIES). Aimed at attracting global talent and high-net-worth individuals, this initiative is poised to inject a fresh wave of capital into the city's economy, promising to fortify its status as Asia’s premier financial hub. With a unique blend of strategic location, supportive government policies, and a vibrant ecosystem for family offices, Hong Kong is setting the stage for a new era in asset and wealth management. Read the full story [here](). [image] Work from Where? Japan's Digital Leap Awaits [image](=) Japan is opening its doors wider to the world's digital nomads with a groundbreaking six-month visa, set to launch by late March. This move eliminates the previous 90-day stay limit, offering remote workers, from tech wizards to global adventurers, the chance to immerse themselves in Japan's rich culture and cutting-edge urban life. With eligibility extending to those earning at least ¥10 million annually from 49 countries, and including provisions for family, Japan is not just inviting solo travelers but whole families to explore its wonders. Read the full story [here](=). [image] Is Now the Time? Bitcoin Eyes Record Highs [image]( In a stunning turn of events, Bitcoin has surged past $59,000, igniting the crypto markets and hinting at an imminent assault on its all-time high. Amidst this exhilarating rally, Coinbase and other crypto stocks have soared, riding the wave of optimism spurred by the SEC's historic approval of 11 bitcoin ETF applications. With the crypto sphere buzzing over Coinbase's role as custodian for the majority of these new ETFs, investors are keenly watching how these developments might bolster security and trust in digital assets. Read the full story [here](. [image] [image]( THE SECRET TO KEEPING MORE OF YOUR MONEY Thinking there's a better way to manage your wealth, reduce taxes, and safeguard your future? You're right. With Nomad Capitalist you get access to the strategies that the top 1% use but rarely talk about. We're the insiders who know the ropes better than anyone else. [EXPLORE YOUR OPTIONS]( Visa-Free Travel from Georgia to China Begins [image](=) In a groundbreaking move, China has opened its doors to Georgians, offering visa-free travel for up to 30 days. This historic decision comes on the heels of a strategic partnership agreement, marking a significant deepening of Sino-Georgian relations. With trade between the two nations soaring past $1.5 billion, this new travel liberty is set to further boost economic and tourism ties, paving the way for increased direct flights and a strengthened bond between the East and West. Read the full story [here](=). [image] The Long Wait for Kiwi Citizenship [image](=) A Queenstown skydiving instructor and a resident of New Zealand for over a decade, shares his mounting frustration over the protracted and opaque process of obtaining New Zealand citizenship. Amidst a backlog of 26,000 applicants, his journey to citizenship has been marred by delays and a lack of communication from immigration authorities, diluting the joy of what should have been a milestone moment. His story echoes the experiences of many in the queue, revealing a system strained by inconsistencies and a dire need for overhaul. As the Department of Internal Affairs scrambles to address these delays with staffing and technology improvements, applicants are left wondering when they'll finally be able to call New Zealand home officially. Read the full story [here](=). [image] EB-5 Visa Alert: Act Now or Pay the Price? [image](=) In a dramatic shift, the United States Citizenship and Immigration Services (USCIS) is set to increase EB-5 visa fees by nearly 200%, marking a significant financial challenge for prospective investors eyeing US permanent residency. With the I-526 and I-829 petitions facing monumental hikes, the total cost of the visa process will jump to over $20,000 starting April 1, 2024. This change puts immense pressure on applicants to expedite their submissions under the current rates. Read the full story [here](). [image] [image]() HIDDEN IN YOUR HERITAGE: A PASSPORT JUST FOR YOU Did your family tree leave you a new passport? Discover it now. [CHECK YOUR ELIGIBILITY]() The Price of Prestige: What It Takes to Enter the 1% Elite in 2024 [image]() Climbing into the elite circle of the top 1% in the U.S. now demands a staggering $5.8 million, marking a significant rise from last year's $5.1 million. This increase reflects the vigorous wealth creation within a buoyant U.S. economy, as outlined in Knight Frank's 2024 Wealth Report. Meanwhile, the global landscape of wealth sees Monaco leading with an entry threshold of $12.9 million for its 1%. Read the full story [here](). [image] [image]( = = [Manage Preferences]( | [Unsubscribe]( Nomad Capitalist Limited 2301, 23F Bayfield Building 99 Hennessy Road Wanchai Hong Kong +1 (979) 966-6623