David Lesperance from Lesperance & Associates

Marco Permunian from Italian Citizenship Assistance

Rohit Turkhud from CSG Law

Nuri from Apex Capital Partners Katz

Henley Partners

Azreen Octavious from Arun Ami

Chng Toh Ghee from Alter Domus

Michael Gelpke from Glam Properties

Anmoll D Shroff from Elton Group

Akshay Nagdev from Foremen Fiefdom

David Lesperance was featured this week All major media.

"Bloomberg" - Britain's super-rich chart route to escape 'non-settler' tax after Labour's victory

Reeves 'will soon discover non-settlers' tax There are actually fewer cookies in the investor's jar than predicted," said David Lesperance, a Poland-based tax and immigration consultant who works with the ultra-rich. "My clients are operating on the assumption they only have 10 minutes to pack their bags."

The Telegraph - Will Labor raise taxes? How to protect yourself

David Lesperance, a tax expert who advises wealthy expatriates, says his high-net-worth non-resident clients are “fine-tuning their escape plans” to Coping with the incoming Labor government.

City AM – Labour’s threat means Britain will miss out on the super-rich fleeing France and the US An individual who provides immigration and tax advice told City A.M. that the UK should have been the destination of choice for elites amidst the political turmoil in France and the US, but Labour's plans mean it is no longer on their radar.

He said: "As the Wall Street Journal said, regardless of the election outcome, this year will be a 'tax apocalypse.' After the Supreme Court's decision on presidential immunity and Biden's recent debate After the poor performance in 2019, I now have clients saying, 'Oh my god, I don't want to live in America. '" USA Today - Most Americans vow to leave the U.S. after the election. Never fulfilled. Will this year be different?

David Lesperance is a Canadian tax and immigration consultant whose company helps people obtain dual citizenship or overseas residency. He said the concerns most of his U.S. clients now cite include political polarization and gridlock, anti-Semitism, gun violence, threats to the rights of sexual minorities, fear of being ruled by "the other party" and the Trump administration's revenge.

David Lesperance said: "The difference today is that people are taking action." He went on to say that the Supreme Court's ruling on presidential immunity has further heightened people's concerns. "They feel the danger is real." Marco Permunian, founder of Italian Citizenship Assistance, said his inquiries have tripled this year to 250 a day, mostly from U.S. residents looking to immigrate. , obtain dual citizenship based on descent or obtain a visa to work, study or retire in Italy or elsewhere in Europe.

He said a "general sense of political and social instability throughout the country" was driving many clients now to seek to move to Europe. He said a few are ready to act immediately, while others "want to have the option to immigrate if necessary."

"Business Standard" - Fewer green cards for Indians? EB-5 visa issuance Down 22%

Rohit Turkhud, an immigration lawyer at CSG Law (Chiesa Shahinian & Giantomasi PC), pointed to several factors that contributed to the slowdown:

Backlog at the Mumbai consulate

Staffing levels, especially officials trained to adjudicate EB-5 cases

Prioritizing EB-5 cases

Rohit Turkhud mentioned One of his clients has had his application pending for more than a year, despite being on file as of February 1, 2023, to qualify. “There was a clear lack of transparency in the immigrant visa scheduling process, with other clients having their cases scheduled for less than a year. Additionally, the U.S. Coast Guard determined that cases needed to be returned to USCIS for additional processing or withdrawal. Frequency may also affect the final favorable ruling on immigrant visas. More applications are placed in ‘administrative processing’ status, which may also slow down the issuance of EB-5 immigrant visas,” he said.

　Investment News – Why the rich are investing in global citizenship

In today’s unstable geopolitical landscape, the investment community is waiting with bated breath, especially those with great wealth of high net worth individuals. Nuri Katz, founder of APEX Capital Partners, a leading authority on investment citizenship, told Investment News that changes in global political and economic conditions have greatly stimulated North American interest in this little-known industry.

　“More and more Americans are paying attention to and participating in these projects and investing in citizenship because since COVID-19, Americans have begun to realize that they are not as free as they thought,” Nuri Katz said. "A lot of high-net-worth individuals are thinking, 'What if I'm not prepared? Anything can happen and I need to be prepared. I need to be able to move somewhere else—to somewhere. I need to do some jurisdictional hedging or jurisdictional arbitrage. 'We're seeing the number of Americans interested in these civic projects double or even triple every year.'

　Business Today - —Vietnam has the fastest growing number of millionaires

At the same time, the Southeast Asian country has 58 millionaires (with assets of $100 million or more) and six billionaires, Henley Partners said.

　The South African – How much does it cost to “buy citizenship” in the Caribbean

For those who can afford it, buy citizenship in a desirable foreign country How much will it cost? Business Tech believes that South Africa has been losing high-value citizens for some time. The Africa Wealth Report 2024 - published by Henley Partners - shows that as many as 400 wealthy people left the country last year, crucially taking millions of dollars of their wealth with them. There will be 37,400 high net worth individuals living in South Africa at the end of 2023, which is 11,300 fewer than at the end of 2013 10 years ago.

In addition, Henley Partners said those looking to buy citizenship elsewhere - or participate in so-called "residency by investment" - now have more options than ever before thanks to these attractive schemes. There are many times. According to Business Tech, the most cost-effective places to purchase citizenship are as follows.

Channel News Asia – Sarawak and Sabah become popular choices as West Malaysia attracts wealthy foreigners for second home residency visas

Sarawak Mr Azreen Octavious, managing director of second home agency Arun Ami, said second home projects in West Malaysia and Sarawak have different target markets.

"The second home projects in West Malaysia are not our competitors. The target groups are different: they are targeting foreign wealthy people, while we are targeting pensioners and working-class retirees," he Expressed to CNA. "This is obvious. They can get a Sarawak visa and have the freedom to go to West Malaysia or other countries of their choice while returning to Sarawak for at least 30 days every year," he said.

Mr. Chng Toh Ghee, Managing Director of Alter Domus (a well-known agency for second home projects in West Malaysia), said that holders of Sarawak second home visas may turn to Sarawak if they have the financial means. The latest version of this peninsula project.

Mr Chng Toh Ghee admitted that while the relaunch of the Malaysia My Second Home project in 2022 has unsettled applicants with its minimum RM1 million fixed deposit requirement, as applicants Taking into account benefits such as interest income, these conditions have been "normalized". "I do believe that in the future if Sarawak sees the property market in Penang, Kuala Lumpur and Johor Bahru booming as people buy homes, Sarawak may require its second home visa holders Also buying properties in Sarawak,” he said.

Khaleej Times - Why more and more employees holding 10-year residence status are buying properties in Dubai

Michael Gelpke, CEO of Glam Properties, said that 158,000 golden visa holders Most of them own properties in the emirate or have invested in local real estate. "This growth is mainly due to recent policy changes that have made it easier to obtain a Golden Visa through property investment, including the removal of the minimum down payment requirement of AED 1 million."

Anmoll D Shroff, founder and chairman of Elton Group, said Dubai has witnessed significant growth in property purchases by Golden Visa holders as the Golden Visa adds a lot of confidence to professionals’ long-term prospects in the country. increase.

"Many bankers, doctors and artists with 10-year residency status have bought properties in Dubai because they can plan for the long term. In addition, the investment route is attractive because the return on investment is good, The price per square foot is very reasonable, so there are many factors that make investing in the real estate market attractive,” Anmoll D Shroff emphasized.

Akshay Nagdev, head of business at Foremen Fiefdom, said professionals holding golden visas are buying significantly more properties now than before, largely driven by recent policy changes in Dubai. The policy removes the Dh1 million minimum down payment requirement for 10-year residence visas, increasing market interest in properties worth Dh2 million and above.

“Overall, the combination of favorable visa policies, economic stability and targeted incentives has created a thriving real estate market in Dubai for Golden Visa holders, with more properties compared to last year The number of purchases has increased significantly," Nagdev said.