Yup, and when these frameworks are put in place, they will attract bad actors like a magnet. I guess people never really learn from history.
European Commission calls to axe investor citizenship schemes with immediate effect
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"The Mechanics of Due Diligence, World in Crisis: Securing Citizenship by Investment" --
https://periodicaltoday.com/every-n...ssible-standards-under-due-diligence-leviten/
Euro-scum technocrats are still leading the charge against both Golden Visa and CBI programs.
https://www.caribbeannationalweekly...-and-us-on-citizenship-by-investment-program/
I feel like these are the last moments of CBI programs. The EU mindset is very much against the whole idea of "buying citizenship" as it is easy to brand as something only criminals do. Sadly this is very much not the case...
There will always be enough countries who are willing to grant citizenship/passport.
Just that it won't be in the Western Hemisphere 😛
Just that it won't be in the Western Hemisphere 😛
The EU and US making the world smaller and stopping all escape routes for their citizens .
The EU is against its citizens escaping its clutches and ruskies etc provided perfect excuse to clamp down.
Get a second passport while you still can and get out of the EU while you still can and thank me later.
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The EU is against its citizens escaping its clutches and ruskies etc provided perfect excuse to clamp down.
Get a second passport while you still can and get out of the EU while you still can and thank me later.
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OR start your naturalizing journey now. Lots of places with decent naturalization rules. And there's no way the EU can claim that's fraudulent.
Second passport under any CBI is/will soon become worthless. Furthermore, taxwise it is of little help.
That's the way to go if you do not mind the hassle.
Thats not exactly true...lol. I have good friends with Nevis passports living there tax free for many years. They travel on their own EU passports in all other cases anyway. Best of both worlds.
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If second citizenship is allowed in their EU home country - good for them.
Other then that, how does it help taxwise? Residency in a country with territorial taxation would do the same like their CBI passport. And once the EU country of which they still carry a passport comes up with citizenship based taxation their CBI passport of Nevis will not help much (rest assured the EU will pressure all these CBI countries to tax these people).
So, from my point of view CBI is outdated. Naturalization is the way to go if one is serious. Anyway, in a few years we will know more ....
They live tax free in Nevis.
I have talked about EU taxation by citizenship coming which I think it will. In such a case then they have options with a second passport. Yes OECD will continue to put pressure on Caribbean countries over how they govern their tax affairs and CBI which may end it all.
St Kitts & Nevis can always introduce fast track naturalization. Whether it takes 12 months or 12 years who will decide the duration naturalization should take globally...lol? CBI or Naturalization will just be a play on words in the end.
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This is how I think it will go. Vague naturalization tracks etc. Will be hard to paint as "buying citizenship". Although, how's Malta doing? They have that thing going on.
Yeah seems they will either rework it or abolish it by 2025 article says.
https://www.internationalinvestment...lden-passport-scheme-amid-eu-pressure-reports
There will always remain ways around it and I hope EU countries also abolish at same time there special citizenship programs 😉.
https://corpocrat.com/2017/02/03/co...citizenship-on-special-merit-or-achievements/
We saw France use it below ns2.
https://www.cbsnews.com/news/paris-...hero-mamoudou-gassama-mali-migrant-spiderman/
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Under pressure from the EU, Montenegro just agreed to end its CBI program.
https://balkaninsight.com/2022/05/20/montenegro-promises-eu-to-terminate-golden-passport-scheme/
Why they should ? I don't belive that they are Caribbean visit every holiday EU.
They have big portion of they GDP from it and turism. They won't give visa for EU people for sure but 99% their native citizens doesn't need visa free acces to EU. Maybe that will make less worth to have Caribbean citizenship but there alwas will be need for that product.
taxes / free to live elsewhere / no military service / 2nd ID when you have troubles back to country eg. Ukrainians now cannot go back becouse if they will they will end up in military / escaping US for some people
I bet some high tax countries have wet dream about citizenship based taxation. (like France/Germany/Sweden/Norway)
If you have option to get out you will if you don't have there is problem.
It's all about Putin, man I hate this war!
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One of my favorit articles in Mentor Group ~ Sending money anonymously archieve Financial Anonymity
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One of my favorit articles in Mentor Group ~ Sending money anonymously archieve Financial Anonymity
I am not sure that you fully understand the power of international pressure. All the OECD countries must do is ban entry from any of those CBI nations, even with a visa (based on alleged security issues). Then those passports are worthless for anyone who wishes to travel to first world nations. The market for such CBI programs would probably fall by 90% or more.
Nor could any native citizens use their own country's passport to travel to first world nations. That is an immense amount of international pressure and leverage to force compliance.
I am not saying that this will happen, just that it certainly can happen.
I discussed this coming last year in link below. To me it seems a certainty this will happen.
https://www.offshorecorptalk.com/threads/lets-talk-about-the-west.35018/post-189913
The EU have started with Exit Taxation already and some countries like Poland have applied Exit Taxation to individuals and not just companies leaving EU 🙁.
https://www.grantthornton.global/en...impact-on-internationally-mobile-individuals/
If the EU ban visa free access to EU for me then it will make no difference in my situation...lol. What the EU does not want to do however is to get the geopolitics wrong and think their market is only market that matters in this world 😉.
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