Is Birthright Citizenship Ending?

Read the latest on Trump’s birthright citizenship move, Egypt’s new citizenship deal, Malta’s golden passport update... and more. October 17, 2024 [image] [Event](=) | [Citizenship](=) Welcome to the Weekly Rundown. Egypt is taking action to clear its Citizenship by Investment (CBI) backlog, speeding up application processing and introducing new regulations. The changes include group property investments, mandatory local bank accounts, and stricter property requirements, such as building permits. These updates are designed to streamline the process and boost interest in Egypt’s CBI program, particularly for applicants with strong ties to the country. Expect to see increased demand in the coming months. Trump Targets Birthright Citizenship: Can He Really End It? [image]() Donald Trump is pushing to abolish birthright citizenship, a 156-year-old guarantee under the 14th Amendment that anyone born on U.S. soil is automatically a citizen. With growing Republican support, including Senator Lindsey Graham’s proposed bill, the future of birthright citizenship may be at risk. Critics argue that ending this right would undermine American ideals of inclusion and equality, while supporters claim it would address immigration concerns. Read the full story [here](). [image] Egypt’s New CBI Rules: What Applicants Need to Know [image](=) Egypt has introduced new regulations to speed up its Citizenship by Investment (CBI) process and reduce its backlog. Applicants can now invest in group property purchases, provided each share exceeds $300,000, and must open local bank accounts for private-sector property buys. Additionally, a valid building permit is now required for all properties used in applications. These changes aim to streamline the CBI program, making it more appealing, especially for those with existing ties to Egypt. Read the full story [here](=). [image] EU Court May Greenlight Malta’s Golden Passports: What’s Next? [image]( A recent legal opinion suggests that the EU Court of Justice may rule in favor of Malta’s Exceptional Investor Naturalization program, potentially opening the door for other EU countries to revive their own schemes. Despite concerns about enabling corruption and money laundering, the court’s stance indicates that member states may retain the power to grant citizenship without a “genuine link” to the country. This decision could have far-reaching implications for EU citizenship policies. Read the full story [here](. [image] [image]() MISSED OUT? DON'T LET IT HAPPEN AGAIN Nomad Capitalist Live this year sold out in just 14 days. Don't miss out on next year's event—join the waiting list now and be the first to know when the ticket sale starts. [JOIN THE WAITING LIST]() Why Solomon Islands Citizenship is the Next Big Thing for Investors [image]( The Solomon Islands' Citizenship by Investment program is gaining traction among global citizens seeking investment opportunities and enhanced global mobility. It offers visa-free access to 131 destinations, including the Schengen zone and the UK. The program's structured investment plans and strategic economic benefits make it an attractive option for those looking to diversify their portfolios and enjoy a unique global lifestyle. Read the full story [here](. [image] SVG Opposition Promises Citizenship by Investment Program if Elected [image](=) The opposition New Democratic Party (NDP) in St. Vincent and the Grenadines has announced plans to introduce a Citizenship by Investment (CBI) program if they win the next general election. Party leader Dr. Godwin Friday believes this move will help fund social and economic programs, addressing the rising cost of living. While Prime Minister Ralph Gonsalves has rejected CBI, citing concerns about sustainability, Friday argues that a transparent and well-regulated CBI program can benefit the public, providing much-needed financial support for government initiatives. Read the full story [here](). [image] UK’s Wealthiest Contribute £3bn in Taxes—But Will They Stay? [image]() New data reveals that 60 of the UK's richest individuals paid over £3 billion in income tax in 2021/22, highlighting the nation's reliance on a small group of high earners. As the government considers potential tax hikes, experts warn that even a small number of these wealthy individuals leaving could significantly impact public finances. While Labour has ruled out income tax changes, other tax reforms are on the table, sparking concerns about the future of the UK’s tax landscape. Read the full story [here](). 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[image]() Hundreds of thousands of individuals with Maltese heritage may qualify for Maltese citizenship through the country's Citizenship by Descent program. This pathway is open to third-generation descendants of Maltese citizens and offers significant benefits, including European Union citizenship and visa-free travel. The application process involves proving Maltese lineage, and recent amendments have made it easier for descendants to obtain dual citizenship. Read the full story [here](). [image] UK Economists Call for Exit Tax on Wealthy to Curb Revenue Loss [image]( Senior economists are urging the UK government to introduce an "exit tax" on wealthy individuals leaving the country, potentially raising £500 million annually. As more high-net-worth residents move overseas to avoid capital gains taxes, experts argue that this measure, already in place in several countries, could help close the UK’s budget gap without driving away wealth creators. With an expected increase in tax reforms, the exit tax is seen as a practical solution to recoup lost revenue from departing millionaires. 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 MORE](=) How to Get Thailand’s Digital Nomad Visa: Everything You Need to Know [image]( Thailand's new Destination Thailand Visa (DTV) allows digital nomads to live and work in the country for up to five years. With a simple application process, the visa has become a popular option for remote workers seeking adventure and affordability. Applicants need proof of funds, an employment contract, or a freelance portfolio. The visa costs around €350 and requires 90-day check-ins or an exit every 180 days. While it doesn’t offer local business rights, it's perfect for nomads looking for a long-term stay in an affordable and culturally rich destination. 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