Expats Have Spoken: This is the Best Place to Live

Read the latest on Malta’s golden passport update, why expats are flocking to Panama, and Dubai’s new golden visa for teachers... and more October 10, 2024 [image] [Event](=) | [Citizenship]( Welcome to the Weekly Rundown. Malta’s Exceptional Investor Naturalization program (MEIN) might stick around after all. Despite all the pushback and attempts to shut it down, a recent EU court opinion could give Malta the green light to keep offering citizenship to anyone ready to invest €690,000 or more. While other countries are backing away from these programs, Malta’s still holding on—raising questions about how long they can keep it up and what it means for those looking to secure that coveted EU passport. Rich Americans Favor Harris, But Want a Second Passport Regardless [image]( A new survey shows wealthy Americans prefer Kamala Harris over Donald Trump in the upcoming election, yet many are still pursuing second passports as a backup plan. Political uncertainty and economic concerns have driven millionaires to explore citizenship by investment programs, seeking more freedom and stability abroad, regardless of the election outcome. Read the full story [here](=). [image] EU Court Backs Malta’s Exceptional Investor Naturalization Program [image]( Malta’s Exceptional Investor Naturalization program, which offers EU citizenship in exchange for a significant investment, may not be going anywhere anytime soon. Despite growing scrutiny and legal challenges, a recent EU court opinion suggests Malta has the right to continue offering the program. While other nations have scrapped their similar schemes, Malta remains a holdout, making it a prime option for those looking to get their way into the EU. However, with ongoing debates around security and economic fairness, it’s unclear how long this opportunity will last. Read the full story [here](. [image] Why Expats Are Flocking to Panama as the Best Place to Live [image]() A global survey of over 12,500 expats has crowned Panama as the top destination to live, praised for its strong finances, affordable housing, and great work-life balance. With 82% of expats expressing happiness with life there, Panama stands out for its pleasant climate, safety, and accessible healthcare, making it a top choice for those seeking a better quality of life abroad. Expats also highlight its diverse culture, outdoor activities, and ease of making friends as key reasons for settling in this Central American gem. 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]( Dubai Honors Educators with Golden Visa: Are You Eligible? [image]() On World Teachers' Day, Sheikh Hamdan announced Dubai’s expansion of the golden visa to exceptional educators. This long-term residency program now recognizes teachers in private early childhood centers, schools, and universities for their contributions to the city's education sector. The initiative is part of Dubai’s Education 33 strategy, aiming to attract top global talent and invest in the future by offering educators security and stability through this prestigious visa. Read the full story [here](). [image] Taiwan’s Global Elite Card: A Fast-Track to Permanent Residency [image](=) Taiwan has launched a Global Elite Card, offering foreign professionals earning over $187,000 annually a one-year path to permanent residency, down from the current three years. The initiative aims to address Taiwan’s labor shortage by attracting international talent. The card also provides significant benefits to cardholders' families, including work permits for spouses and access to social services. Additionally, Taiwan is introducing a Digital Nomad Visa for freelancers, allowing six-month stays, hoping to draw more remote workers to the country. Legislative approval is still pending for these visa programs. Read the full story [here](=). [image] Turkish Opposition Seeks to Revoke Investment-Based Citizenships [image]() Turkey’s nationalist İYİ Party has filed lawsuits seeking to revoke citizenships granted through the country’s Citizenship by Investment Program (CIP), claiming over 500,000 people gained Turkish citizenship this way. Party leader Müsavat Dervişoğlu argues that the program, enacted by presidential decree, violates the constitution and threatens Turkey’s national identity. While opposition targets Syrian refugees in particular, experts believe this lawsuit is unlikely to affect CIP investors and view it as more of a political move. 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]() Expats in the Netherlands See 30% Tax Break Surge [image]() The number of expats benefiting from the Netherlands' 30 percent tax ruling has nearly doubled over the past five years, now exceeding 92,000. This tax break, which allows knowledge migrants to avoid paying tax on up to 30 percent of their salary for five years, costs the Dutch government over €1 billion annually. While growth in expat numbers has slowed post-COVID, the scheme remains one of the most generous in the EU. Upcoming changes will slightly reduce the tax benefit to 27 percent amid concerns over rising fiscal costs. Read the full story [here](). [image] Why Investors Are Investing on Corporate Bonds Despite the Risks [image]() US investment-grade corporate bond spreads have tightened to their lowest level in over three years, dropping to 83 basis points as of October 4. Despite rising geopolitical and economic risks, strong demand from investors, expectations of Federal Reserve rate cuts, and a slowdown in bond issuance have kept spreads narrow. This bullish sentiment contrasts with increased market volatility and a rise in US Treasury yields, which hit 4% following strong jobs data. Read the full story [here](. [image] The Truth Behind Who Really Benefits from Tax Cuts [image]( With tax policy in the spotlight as elections approach, John C. Goodman breaks down the often-misleading claims about tax cuts and income distribution. While many argue that the wealthy benefit most from tax cuts, Goodman highlights that half of the population pays little to no income tax. As a result, any tax cut disproportionately affects higher earners, though the tax code remains highly progressive even after cuts. 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](=) Finland Extends Citizenship Residency to Eight Years: Key Changes [image]() Starting October 2024, Finland has extended its citizenship residency requirement to eight years, emphasizing language proficiency and valid residence permits. Time spent in the country awaiting asylum decisions will no longer count towards the requirement, and applicants can only spend a limited time abroad. This change aims to bring fairness and consistency to the process, while authorities work to reduce the current backlog of 28,000 pending applications, with efforts to prioritize cases meeting all criteria. 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