A report by Hong Kong’s Oriental Daily News has revealed how countries like South Africa, Portugal and Spain have become popular amongst Chinese investor immigrants as well as corrupt officials on the run. Fugitives involved in economic crimes have been issued an ultimatum by the Chinese government, asking them to turn themselves in by the…
Australia’s economic advisers have welcomed the government’s move to introduce the Premium Investor Visa program that grants residency to wealthy foreigners investing A$15 million in the country. The Premium Investor Visa program puts Australia in the list of countries offering residency to rich investors who want to safeguard their wealth in stable offshore markets. “Australia…
Wealthy Chinese investors now have a range of residency options to choose from as several countries compete with each other to attract investors from China. Australia and Japan have joined the race by launching new schemes to lure rich Chinese investors in an attempt to boost investment and strengthen their ties with the world’s second…
With Foreign Account Tax Compliance Acts’ new asset-disclosure rules coming into force from July 1, 2014, many US expats are considering giving up their US passports to escape the tough provisions enacted to deter tax evasion by US citizens. According to the new rules, foreign banks, investment funds, and insurance companies having accounts of US…
Minister of Financial Services of the Bahamas, Ryan Pinder, opined that his country lacked the social maturity to enjoy the benefits of a Citizenship by Investment program. According to him, such a program would attract high net-worth individuals to the country and provide a significant boost to the economy. The Minister opined that the difficult…