Donald Trump is Back in Power... Now What?

Explore this week’s top stories, from Trump’s Oval Office return to Spain’s Golden Visa, to Americans renouncing citizenship, and more... November 7, 2024 [image] [Event](=) | [Citizenship](=) Welcome to the Weekly Rundown. In a historic political comeback, Donald Trump has been re-elected as the 47th president of the United States, securing a second term in a victory that’s both unexpected and unprecedented. Despite past controversies and legal challenges, Trump’s message resonated with voters nationwide, propelling him back into office. His return to the White House is expected to bring profound changes to the U.S. political landscape, impacting international relations, economic policy, and social issues. Trump’s win also marks a decisive moment for the Republican party, which regained control of the Senate. Now, all eyes are on what this second term will mean for America’s future. St. Kitts & Nevis Lowers Real Estate Investment for Citizenship - Why? [image](=) In an attempt to revitalize its Citizenship by Investment Program, St. Kitts & Nevis has lowered the minimum real estate investment required for citizenship. Now, condos and development shares start at $325,000, while private homes require $600,000, both down significantly from prior thresholds. These reductions, along with other fee adjustments, aim to offset the program’s revenue drop following rushed reforms earlier in the year. Read the full story [here](. [image] Trump's Stunning Comeback: A Political Earthquake in the U.S. [image]( In a historic and unprecedented victory, Donald Trump has been re-elected as president of the United States, marking a dramatic return to the White House. Despite numerous controversies and legal challenges, Trump’s bold messaging resonated with voters, sweeping him back into power and reigniting debates over America’s future direction. With the Senate now under Republican control, Trump’s second term is set to reshape the country’s policies on immigration, the economy, and foreign relations. Read the full story [here](). [image] German Coalition Collapses as Scholz Sacks Finance Minister [image]( Germany’s ruling coalition fell apart as Chancellor Olaf Scholz dismissed Finance Minister Christian Lindner, citing a breakdown of trust. Scholz criticized Lindner for prioritizing party interests over cooperation, causing an impasse within the “traffic light” coalition of SPD, FDP, and Greens. With upcoming economic challenges and a no-confidence vote set for January, Germany is headed for early parliamentary elections by March. Read the full story [here](. [image] [image](=) LIVE LIKE A KING IN KUALA LUMPUR – VIDEO IS NOW OUT Watch our latest Live Like a King video to see how Kuala Lumpur measures up for entrepreneurs and investors looking for more freedom, more luxury, and serious tax advantages. [WATCH NOW](=) France Approves 2% Billionaire Tax as Budget Deficit Rises [image]() French lawmakers have voted in favor of a 2% tax on assets over €1 billion, proposed by the LFI party, to help address the country’s growing deficit. Targeting France’s wealthiest residents and foreign asset holders, the tax could generate €13 billion annually. However, with strong opposition from the government and critics who fear it may deter investment, the bill’s future remains uncertain as it heads to the Senate for further debate. Read the full story [here](). [image] Panama Holds Residency Path at $300K as Investor Interest Grows [image](=) Panama has decided to keep the minimum investment for its Qualified Investor Permanent Residency (QIPR) program at $300,000, scrapping a planned increase to $500,000. In a bid to attract more foreign investors, the government has also updated QIPR policies, allowing direct payments for properties under construction and co-ownership with family members. With demand hitting record levels, Panama’s QIPR program continues to appeal to investors seeking residency with a path to citizenship, while maintaining flexible requirements for property investment. Read the full story [here](=). [image] Why More Americans Are Turning In Their Passports [image](=) Increasing numbers of Americans are choosing to renounce their U.S. citizenship, driven by burdensome tax requirements and growing social and political concerns. For "accidental Americans" like Fabien Lehagre, the unexpected tax obligations imposed by the U.S. on its citizens abroad have sparked campaigns to reform citizenship-based taxation. Meanwhile, ultra-wealthy Americans explore backup citizenships to manage double taxation. 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](=) Spain to End Golden Visa Program by January 2025 [image](=) From January 2025, Spain will discontinue its Golden Visa program for new real estate investments, part of an effort to address the country’s housing crisis. The popular route, which granted residency to foreign investors who purchased property worth €500,000 or more, is being phased out as housing availability tightens. Despite the change, demand for Spain’s Golden Visa has spiked, with applications surging as investors aim to secure permits before the new rules take effect. Read the full story [here](=). [image] EU Looks to Private Cash for Green and Tech Ambitions [image]( EU finance ministers emphasized the need for public funds to serve as a catalyst for private investment, especially in technology, defense, and energy. With former ECB president Mario Draghi estimating a €800 billion annual investment requirement, ministers highlighted the limits of public financing alone and the importance of private capital to secure Europe’s competitiveness. As they prepare for an upcoming EU summit, ministers also endorsed spending on shared infrastructure to benefit all EU citizens, while maintaining limits on joint borrowing. Read the full story [here](. [image] Why Harry and Meghan Are Eyeing Portugal’s Exclusive 'Golden Visa' [image](=) Prince Harry and Meghan Markle are reportedly setting up roots in Portugal with a new vacation home, potentially leveraging the country’s "Golden Visa" program. This residency-by-investment option offers affluent foreigners the chance to live and travel freely across Europe by investing in Portuguese real estate. Their choice of Portugal aligns with family ties—Princess Eugenie also resides part-time nearby—and reflects their desire for a fresh start in a secure location with benefits extending throughout the EU. 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]() Italy’s Crypto Tax Hike Sparks Political Tensions [image]() Italy’s Finance Minister Giancarlo Giorgetti is standing firm on a proposed increase in cryptocurrency capital gains tax, raising it from 26% to 42%, despite resistance from his own party. Aiming to generate additional revenue while emphasizing the risks of cryptocurrency, Giorgetti argues that unlike traditional investments, crypto lacks tangible backing. The move has sparked a debate within Italy’s League party, with some members arguing the hike could stifle market growth. 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