This Tax Haven Won’t Last Forever...

Read the latest on the race for Spain’s golden visa, how to get a Caribbean passport, and the fastest path to U.S. citizenship… and more! October 3, 2024 [image] [Event]() | [Citizenship]() Welcome to the Weekly Rundown. This week, we're covering how Europe's top tax havens are targeting wealthy expats. Countries like Italy and Switzerland are offering flat tax schemes and lump-sum arrangements, making them attractive to high-net-worth individuals. However, tax rules vary widely, and what works for one may not suit another. With ongoing debates around the economic benefits, these countries continue to draw in the rich while balancing political and social pressures. Five Escape Routes If You’re Done with U.S. Politics [image]() As political tensions in the U.S. rise ahead of the election, many Americans are seeking refuge abroad. A recent report highlights the top five countries for those looking for political stability, affordability, and a welcoming expat community. Mexico offers proximity and low living costs, Panama provides excellent healthcare and retiree benefits, while Uruguay stands out for its safety and democracy. Costa Rica attracts those who love nature and eco-friendly living, and Belize combines tropical vibes with the ease of English. These destinations offer fresh starts for those ready to leave the U.S. behind. Read the full story [here](). [image] Where the Wealthy Escape Taxes in Europe [image](=) Europe’s top tax havens are offering lucrative incentives to attract wealthy expats. Countries like Italy, Switzerland, and Portugal lure high-net-worth individuals with flat tax regimes and other favorable tax structures. These tax havens may vary in appeal based on the source of wealth, making them ideal for some but not for others. As debates continue over the broader economic impact, these nations are drawing in the rich with promises of lower tax burdens and financial benefits. Read the full story [here](=). [image] Senator Graham’s Move to End Birthright Citizenship [image](=) Senator Lindsey Graham has introduced the Birthright Citizenship Act of 2024, aiming to restrict the automatic citizenship granted to children of illegal immigrants and those on temporary visas. Graham argues that birthright citizenship is being exploited through practices like "birth tourism" and calls for the U.S. to align with global norms by limiting this policy. The bill specifies that only children born to U.S. citizens, lawful residents, or active-duty military members would be eligible for citizenship moving forward. Read the full story [here](=). [image] [image]( KEEP MORE OF YOUR MONEY Finally—enjoy more freedom, protect your assets, and keep more of your hard-earned money without the complexity and hassle. We'll help you reduce your taxes, get a second citizenship, safeguard your wealth, and uncover new investments. [LEARN HOW]() Bitcoin Now Your Ticket to EU Citizenship [image]( Portugal’s Golden Visa program has taken a bold step by allowing indirect Bitcoin investments as a path to EU citizenship. Through the Unbound Fund, investors can now qualify for the visa by holding over €500,000 in Bitcoin. This marks the first fund of its kind eligible for Portugal’s program, reflecting the country’s progressive approach to cryptocurrency investments. While offering a unique opportunity for Bitcoin holders, it also comes with the volatility risks of the crypto market. Read the full story [here](. [image] Ready to Move Abroad? Don’t Forget These 7 Must-Dos [image]() Moving abroad is an exciting adventure, but it requires careful planning. From securing the right visas and healthcare coverage to organizing finances and finding a place to live, this guide covers the seven essential steps every expat should take for a smooth transition. Preparing for education needs, learning the local language, and understanding the culture can make all the difference in settling into your new home with ease. Read the full story [here](=). [image] Four European Tax Havens Retirees Should Know About [image](=) Looking to retire in Europe with favorable tax breaks? Countries like Greece, Italy, Cyprus, and Malta offer special tax regimes with benefits like flat tax rates on foreign income and pensions. These countries provide attractive options for retirees seeking to reduce their tax burdens while enjoying a high quality of life in Europe. Read the full story [here](. [image] [image]() THE SECRETS TO KEEPING MORE OF YOUR MONEY New to the global lifestyle and want a comprehensive guide to the offshore world? Our fast-paced, action-packed book offers a fun and detailed overview of all possibilities awaiting you. [GET YOUR COPY]() Higher Taxes, Lower Returns: What’s Next for Savers? [image]( As interest rates fall and tax cuts expire, savers are facing a double hit—lower returns on cash and higher taxes on their earnings. Financial advisers are urging Americans to take action now, such as accelerating income or considering Roth conversions, to minimize the tax impact. With fixed-income yields dropping, shifting to stocks or dividend-growth investments could provide higher returns and more favorable tax treatment in the long run. Read the full story [here](. [image] Want a Second Passport? Here's How the Caribbean Can Make it Happen [image]() If you're looking for greater freedom to live, work, and invest internationally, Caribbean Citizenship by Investment Programs offer a solution. With five different countries offering pathways to citizenship through real estate or financial investments, you can secure a second passport while enjoying favorable tax regimes and visa-free travel to over 140 countries. This guide breaks down the requirements for each nation, from the long-established St. Kitts program to the newer options in St. Lucia. Read the full story [here](). [image] Spain’s Golden Visa: Still Open, But For How Long? [image]() Despite announcing its intention to end the golden visa program five months ago, Spain continues to face challenges in canceling the residency scheme. The visa, which grants residency to wealthy non-EU nationals who invest in Spanish property, has sparked controversy for inflating property prices. The government has struggled to pass the legislation due to lack of support in Congress, leaving the future of the golden visa uncertain while foreign investors, particularly from China, rush to secure residency before the potential closure. Read the full story [here](. [image] [image](=) NOMAD PASSPORT INDEX 2024 See where your passport ranks in the global pecking order with the Nomad Passport Index 2024. Find out if your passport opens doors worldwide, or encounters more barriers. [YOUR PASSPORT RANKING](=) Are New U.S. Citizens About to Sway the 2024 Election? [image](=) With the U.S. election nearing, immigration authorities are approving citizenship applications at record speeds. This is part of an effort to clear the backlog created during the pandemic, with almost 4 million new citizens since 2020. As new voters prepare to cast their ballots, the potential impact on key swing states could be significant. While critics argue the timing is political, immigration officials insist it's purely bureaucratic efficiency at work. 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