• 4 Warnings to Caribbean Politicians Who Seek to Make CIPs Political Footballs During Elections
    Carlyle RogersDubai/Anguilla  Within the next 6-9 months, two major Caribbean CBI jurisdictions, Dominica and St. Kitts & Nevis, will face general elections. Owing to their British-heritage electoral systems, the precise dates for ballot-casting depend on the actions of those two countries’ respective prime ministers, who can call early elections, but who must in any case do so within five years and a few months of the previous election. That means elections will take place no… Read more
  • The Crisis in China’s Investment Immigration Market: Part 2
    Luc Lu 陆琦Shanghai/Singapore  The following is a continuation of Luc Lu’s The Crisis in China’s Investment Immigration Market: Part 1. In part one, we mentioned that, with the advent of a deregulated Chinese investment migration market in late 2018, the competitive advantage of the country’s gargantuan immigration companies fell by the wayside. In response, the traditional market leaders have generally adopted one of three strategies; Moving upstream in the value chain by opening offices in… Read more
  • Medical patient falls off the examination table, sues his physician. . .
    Welcome to our Friday roll up, where we highlight the most interesting, absurd, and concerning stories we are following this week. New Zealand officially legalizes paying employees with crypto-currency  New Zealand issued a tax bulletin this month officially recognizing that it is legal for employers to pay employees with crypto-currencies like Bitcoin. The crypto-currencies just have to be able to be converted into fiat currency… which is typically the case with every major crypto. This… Read more
  • Yellow Citizenship for the CBI industry
    We have coined new term “Yellow” citizenship and launched as new brand for the Citizenship by Investment (CBI/CIP) industry. The word comes from gold which glitters with shiny yellow color. The Yellow citizenship is an instant citizenship acquired within 3 months under CBI programs. Prices start from $100,000 and such schemes currently running in 12 countries in Europe, Asia pacific and Caribbean.y The Yellow passports are also called shiny ‘Golden passports’ afforded by HNW families.… Read more
  • 25% of Dominica’s GDP and Half of Govt. Revenue to Come From CIP This Year
    Christian NesheimEditor  Confirming the prediction from last year, Dominica’s Prime Minister Roosevelt Skerrit has confirmed in his budget address that revenue from the country’s citizenship by investment program will represent 25% of GDP and some 51% of government revenue in the fiscal year 2019-20, WIC News reports. The statement highlights the criticality of the program in sustaining the island state’s economy. Skerrit indicated direct government receipts alone from the program would amount to some EC$… Read more
  • Italy was the world’s superpower TWICE. They screwed it up both times
    In 750 BC, according to ancient legend, the twin brothers Romulus and Remus founded a tiny hilltop settlement in central Italy. Romulus slew his brother for violating a magical superstition, and then named their new city after himself: Rome. And for the first several centuries of its existence, Rome was nothing special. It was one of many minor kingdoms on a peninsula controlled by the Etruscan civilization… and existed at a time when Greek city-states… Read more
  • As Hong Kong Impasse Intensifies, Investment Migration Firms Report Surge in Inquiries
    Christian NesheimEditor  As anti-Beijing protests continue to escalate in Hong Kong, service providers say inquiries about alternative residence and citizenship from the city’s wealthy are surging. “We’ve definitely seen an uptick in inquiries from Hong Kong,” says Nick Stephens of NTL Trust. “Particularly online. We never used to get those, as our Hong Kong clients generally came via agents on the Mainland. But as uncertainty about the territory’s future has grown following the extradition bill… Read more
  • chart of the weekFuel for Thought: Ditch the Subsidies
    By IMFBlog Pensions, education, healthcare, better infrastructure, technology, and climate change: fiscal policymakers have their work cut out for them on many fronts.  Whether you live in a rapidly aging advanced economy,  or a low-income or emerging market economy with a young, booming population, all these issues matter for you.  As the Fiscal Monitor in April 2019 shows, government policies on taxes and spending have to adapt and should shift to growth-enhancing investment.  This means,… Read more
  • CBI-Debate Escalates to Ad-Hominem Attacks in Dominica As Election Looms
    Christian NesheimEditor  Both sides of the aisle fling scathing allegations as the citizenship by investment program takes center stage in the political debate ahead of possible elections. Dominica last held a general election in December of 2014 and the legal mandate to call the next election extends to May 2020. Dominica, effectively, has a two-party system. In 2015, 99.91% of those who voted cast their ballots for either the Labour Party or the United Workers… Read more
  • The Federal Reserve might as well use carrier pigeons
    In the early 1760s, Mayer Rothschild began building a banking dynasty that would last for centuries. The elder Rothschild sent his five sons across Europe to establish banks in cities like Paris and London. One son, Nathan Rothschild, took the lead and expanded the family’s banking dynasty. With siblings in different countries, the family now had a trusted network of lenders with whom they could finance large government projects like infrastructure and war. To quicken… Read more
  • 106: Central banks should consider giving people money
    I thought in this age of insanity that we are living in, nothing would surprise me anymore. But sure enough, there was a headline in the Financial Times the other day, “Central banks should consider giving people money.” It seems almost impossible that someone could believe in something so ridiculous. And yet this is the world we are living in. The path to prosperity is now based on unelected central bankers conjuring millions of dollars… Read more
  • What All RCBI-Professionals Need to Know About ETIAS, Europe’s Upcoming Travel Authorization System
    Christian NesheimEditor  The European Travel Information and Authorization System (ETIAS), currently under development and slated to debut in 2021, will have implications for the investment migration market. Here’s what you need to know. What is ETIAS and who will need it to travel to Europe? Modeled on the United States’ Electronic System for Travel Authorization (ESTA), ETIAS will compel visitors from countries that have visa-free access to the 26 countries in the Schengen area (22… Read more
  • Reader Mailbox #2: Which Residence and Citizenship Programs Allow Financing?
    Christian NesheimEditor  A reader asks: Can I use borrowed funds to finance my residence or citizenship by investment? RCBI jurisdictions, generally, don’t want program participants to use financial leverage to qualify for their citizenship or residence permit. I suspect this is because a) they’d like to have more control over the source of funds and b) they’d like to limit applications to those that can comfortably afford it. Some jurisdictions expressly prohibit the use of… Read more
  • Why Now Is The Perfect Time To Invest In Antigua Real Estate
      Multiple Caribbean countries offer Citizenship by Investment Programs. The program offered by Antigua and Barbuda however is the best real estate investment opportunity for wealthy families. It is also perfect for those looking to acquire a new passport within a few months so they can travel more freely around the world. Here are some of the many reasons why you should not wait to apply for the Commonwealth’s most luxurious Citizenship by Real Estate Investment… Read more
  • Dad sued for slander because he criticized the education system
    Welcome to our Friday roll up, where we highlight the most absurd and concerning stories we are following this week. Dad sued for slander because he criticized the education system Careful what you say about your kid’s public school curriculum. The company behind a controversial common core math program in North Carolina is suing a dad for libel and slander. The parent of a high school student has been on a “crusade,” the lawsuit claims,… Read more
  • Malta Hints at Revoking IIP-Obtained Citizenship as Investor Pleads Guilty to Fraud
    Christian NesheimEditor  Mustafa Abdel Wadood, an Egyptian national who obtained citizenship in Malta last year through the country’s Individual Investor Programme, has pleaded guilty to charges of fraud and conspiracy. As a consequence, the Malta IIP’s authorities are indicating – although not openly stating that – they will revoke his passport, as well as that of his dependents. Facing up to 125 years in prison, Wadood has admitted to deceiving investors as to the financial… Read more
  • When in Rome, get Italian citizenship
    It was probably after 2am last night when I walked up the stairs to bed after a marathon seven hour dinner. But that’s pretty normal here. This is the eighth year in a row I have spent my summer holiday at this 400 year old villa in the Italian countryside. I invited a number of my close friends, family, and Total Access members to relax and break bread. We always end up engaging in some… Read more
  • US Business Investment: Rising Market Power Mutes Tax Cut Impact
    By Emanuel Kopp, Daniel Leigh, and Suchanan Tambunlertchai US business investment has been on the rise. Since the passage of the Tax Cuts and Jobs Act at the end of 2017, US businesses have bought more machinery, developed software, and created new intellectual property. Some believe that the key to this growth in business investment has been the Act’s cut to the corporate tax rate from 35 percent to 21 percent, which lowered the cost… Read more
  • Latvia’s Golden Visa Back From Doldrums, Courtesy of Vietnamese Investors
    Christian NesheimEditor  If Latvia’s golden visa performs as well in the second half of 2019 as it did in the first, the program will see its application volume grow by nearly 50% on the year. While Latvia issued 124 golden visas to main applicants in all of 2018, that figure for this year had reached 91 already by the end of June. (function() { 'use strict'; window.addEventListener('message', function(event) { if (typeof['datawrapper-height'] !== 'undefined') {… Read more
  • Chart of the WeekCanada’s Housing Market Slowdown
    By IMFBlog Following a period of escalating prices, Canada’s housing market is cooling. Measures designed to strengthen financial stability such as more stringent tests of borrowers’ ability to repay their loans, along with higher interest rates, combined to make mortgage financing more expensive. As a result, residential mortgage credit slowed to just 3.4 percent annual growth in December 2018. Nationwide, house prices are 2.5 percent lower than the peak in mid-2018. This week’s chart of… Read more
  • Chinese Billionaire on Beijing’s Radar Over Saint Kitts Citizenship
    Christian NesheimEditor  Sun Xiang obtained citizenship of Saint Kitts & Nevis through an investment in 2011. A year later, he became a congressman in China. This week, China’s government found out. That Chinese law does not recognize dual citizenship is well-known to RCBI professionals and clients alike. That has not stopped thousands of Chinese from participating in CIPs anyway, both in countries that don’t have formal diplomatic relationships with the People’s Republic – such as… Read more
  • Why this is one of my favorite cities in Europe
    I feel like a complete broken man right now. I’m exhausted. Sleep deprived. Malnourished. My muscles are sore. My back is killing me. I’m so hoarse I can barely speak. Yet despite all that I couldn’t possibly be feeling more excited and exhilarated. My 10th annual liberty and entrepreneurship workshop just ended yesterday here in Lithuania. And as you can tell, it’s a physically and mentally draining event. The workshop is five full days (and… Read more
  • 10 year old charged for assault… with a dodgeball
    Welcome to our Friday roll up, where we highlight the most absurd and concerning stories we are following this week. 10 year old charged for assault… with a dodgeball A ten year old boy will be brought to juvenile court on assault charges. His heinous crime was hitting another 10 year old in the face with a dodgeball at recess. He originally got suspended from school for one day… which seems like a more reasonable… Read more
  • The Treasury Department is in desperate need of a sucker
    Ten years ago, at the peak of the global financial crisis, the Board of Trustees which oversees Social Security in the United States issued a stark warning: They projected that Social Security’s enormous trust funds would completely run out of money in 2039. Naturally nobody paid attention. Back in 2009 the economy in shambles, so focusing on a future economic crisis that was more than three decades away was a low priority. And for the… Read more
  • Here’s how you can protect yourself from crazy lawsuits like this one…
    Our annual Sovereign Academy is just around the corner. Each year, I invite the most talented entrepreneurs I know to teach and mentor a group of 50 young people from around the world. The camp is entirely free for students – I pay for everything myself out of pocket. It’s also one of my favorite times of the year. One of the mentors there has been with me since the inception of the camp nearly… Read more
  • Outlook for Latin America and the Caribbean: A Stalling Recovery
    By Alejandro Werner Español Economic activity in Latin America and the Caribbean remains sluggish. Real GDP is expected to grow by 0.6 percent in 2019—the slowest rate since 2016—before rising to 2.3 percent in 2020. The weak momentum reflects negative surprises in the first half of 2019, elevated domestic policy uncertainty in some large economies, heightened US-China trade tensions, and somewhat lower global growth. Elevated policy uncertainty in some large economies of the region has… Read more
  • The federal government sold your Social Security Number for FIVE dollars
    The federal government sold your Social Security Number for FIVE dollars Welcome to our Friday roll up, where we highlight the most absurd and concerning stories we are following this week. Equifax fined $700 million… for 147 million person data breach Do you remember back in 2017 when Equifax (the giant consumer credit agency) admitted that it had been breached? Hackers broke into Equifax’s databases and stole personal and financial records of 147 million people.… Read more
  • chart of the weekUS$100 Bill on the Rise
    By IMFBlog A curious thing has happened in US currency: the $100 bill recently overtook the ubiquitous $1 bill in circulation volume, for the first time in history. In other words, the most valuable banknote in the United States became the most widely circulated. As we show in our chart of the week, based on an article in the IMF’s Finance & Development magazine, there are more $100 bills circulating now than ever before, roughly… Read more
  • The easiest (and safest) return on investment you’ll ever achieve
    In 1993, William Kurt Hauser, a San Francisco investment analyst, presented his results from an incredibly interesting study. Hauser had analyzed tax revenues in the United States over time and came to the conclusion that tax revenue as a percentage of GDP had remained around a narrow band of 19% since 1946. That was astonishing. After all, over that same period, tax rates had been all over the place. The top marginal tax rate was… Read more
  • Sluggish Global Growth Calls for Supportive Policies
    By Gita Gopinath عربي, 中文, Español, Français, 日本語, Português, Русский In our July update of the World Economic Outlook we are revising downward our projection for global growth to 3.2 percent in 2019 and 3.5 percent in 2020. While this is a modest revision of 0.1 percentage points for both years relative to our projections in April, it comes on top of previous significant downward revisions. The revision for 2019 reflects negative surprises for growth in… Read more
  • Here’s a phrase you’ll never hear again in the USA
    “Gentlemen… the National Debt… is paid.” That sentence has been uttered in Washington DC exactly one time ever, by a Senator announcing that the US government was officially debt free. That was on January 8, 1835 when the debt that the United States government had accrued since its birth was finally paid off. Never again would the United States be debt free. It took 174 years for the debt to rack up to a mind… Read more
  • US teacher’s union prioritizes “white fragility” over children’s education
    Here’s our Friday roll up of the most bizarre stories we’re following this week. Mom can’t sue cop who accidentally shot her child On July 10, 2014, a Sheriff’s Deputy from a rural county in southern Georgia was in pursuit of a suspect when he wandered onto the property of Ms. Amy Corbitt. Corbitt’s ten year old child was playing outside with several other children (as young as 3 years old), under the supervision of… Read more
  • Living like a Hollywood king in Bangkok, Thailand
    The first time I met Steven Seagal, it was in the lobby of a posh hotel in Bangkok, Thailand. He came downstairs sharply dressed, complete with his yellow-tinged ‘Tony Stark’ sunglasses, ready to hit the nightclubs for the evening. My friend Adam introduced us. Steven bowed to me, and, slightly puzzled, I bowed back, unsure if we were saying hello or preparing to engage in ritualistic combat. Fortunately it was the former, and Steven left… Read more
  • Rebalancing the Global Economy: Some Progress but Challenges Ahead
    By Gita Gopinath Español, 中文, 日本語, Português Following the global financial crisis, overall current account surpluses and deficits fell sharply from about 6 percent of global GDP in 2007 to about 3.5 percent in 2013. Since then, as shown in our new External Sector Report, global current account imbalances have declined only slightly to 3 percent of world GDP in 2018, while rotating toward advanced economies and away from emerging economies, including China whose current account… Read more
  • Insanity: Now even JUNK bonds have NEGATIVE yields
    75 years ago this month, a group of 744 delegates from around the world gathered at the very posh Mount Washington Hotel in New Hampshire to build a brand new global financial system. The year was 1944. World War II was still raging in Europe and the Pacific. But with the successful invasion of Normandy well underway, the Allies knew that Hitler’s days were numbered. And they needed to start preparing for a post-war world.… Read more
  • Congress courageously sticks US taxpayers with a $6 trillion liability
    There seems to be an unwritten rule with lawmakers that, every time they create a terrible piece of legislation, they give it the most noble-sounding name. The USA PATRIOT Act from 2001 was a great example. It sounds great. Who wouldn’t love a law named for Patriots? And yet that was easily among the most freedom-killing laws ever passed in US history, giving the federal government nearly unlimited authority to wage war and spy on… Read more
  • Chart of the weekCorporate Tax Rates: How Low Can You Go
    By IMFBlog In life, two things are certain: death and taxes, the saying goes. Unless you are a large multinational corporation, in which case, maybe not.  Over the past 30 years, corporate tax rates in all countries have fallen to very low levels, as we show in our chart of the week. This is a problem on several fronts and is one of the reasons why a new approach to international corporate taxation is urgent. First, the… Read more
  • British schoolteachers want price controls for vacation packages
    Here’s our weekly roll-up of the most absurd and concerning articles we came across this week from both sides of the Atlantic. 8th grader gets 3-week suspension for picture of airsoft gun Airsoft guns are toy guns which shoot little plastic BBs. As long as kids are wearing safety glasses, these guns pose no actual threat of injury. And their painted red plastic tips make it obvious they are toy guns. They are perfectly legal.… Read more
  • Chart of the weekTrade Balances Mostly Driven by Economic Forces, Not Tariffs
    By IMFBlog Español, Português Over the past two decades, most of the changes in bilateral trade balances—the difference in the value of exports and imports between two countries—were explained by macroeconomic factors, according to IMF research. These factors include fiscal policy, demographics, and weak domestic demand. They may also include exchange rate policies and domestic supply-side policies, like subsidies to state-owned enterprises or to export sectors. In contrast, changes in tariffs played a much smaller… Read more
  • This may be your last chance to take advantage of Puerto Rico’s best tax benefits
    Imagine a place where you could spend all day sitting on a beautiful beach, sipping piña coladas, mingle with some of the most fascinating people you’ll ever meet, and not pay any taxes… It’s the classic dream of the offshore tax paradise. Unfortunately, that dream is largely dead due to Uncle Sam’s aggressive policies of cracking down on foreign tax havens. But there’s still one place left in the world where this dream is a… Read more
  • Here’s how to get a second passport (almost) for free
    I remember the day like it was yesterday. Fifteen years ago, I received my Italian passport in the mail, shipped to me directly by the Italian consulate in New York. A few years prior, I found out I was eligible for an Italian passport through ancestry. My grandparents are of Italian descent… so Italy deemed me eligible to become a citizen as well. On top of that, I was able to get my passport almost… Read more
  • Why Singapore is an outstanding “Plan B” option
    Every time I come to Singapore I can’t help but marvel at its spectacular rise. I have a number of local friends who have been living here since independence in the 1960s, and they tell me the most incredible stories about how impoverished and underdeveloped Singapore was back then. Things were so backward back then that people would literally throw their own human waste out in the middle of the street. There was scarcely any… Read more
  • US government mulls banning encryption
    Here’s our Friday roll up of the most absurd and concerning articles we came across this week. US Government officials consider banning end to end encryption Leaders from US government agencies are rumored to be pursuing a ban on end-to-end encryption. Tech companies like Apple and Google often build encryption into their technology to prevent data from being hacked and stolen. Apps like Whatsapp and Signal also encrypt communications so that even if they are… Read more
  • Three solid ideas to help you get started
    In October of 2008, a plumber from Ohio named Joseph Wurzelbacher made national headlines when he confronted US Presidential Candidate (then Senator) Barack Obama at a campaign rally: “Your tax plan’s going to tax me more,” Joe told Senator Obama. The confrontation sparked a sensation, and Joe became known nationwide as “Joe the Plumber”. He was right– his new business would be subject to a tax increase under Obama’s plan to raise income taxes from… Read more
  • Tariff Shocks: The Role of Value Chains in Europe
    By Raju Huidrom, Carlos Mulas-Granados, Laura Papi, and Emil Stavrev (Español, Português) The Czech Republic exports only a small number of cars and car parts directly to the United States, but it’s likely to suffer significant economic damage if that country were to impose tariffs on auto imports. The reason: the Czech Republic supplies parts that are used to build cars exported by other European countries. Europe’s auto industry is one of many that are… Read more
  • The Bolsheviks aren’t coming. They’re already here.
    The average Westerner who hasn’t traveled very much believes Moscow to be a cold, bleak, desolate capital city that’s filled with Stalinist-era architecture and a population that lives in utter misery. But the reality of this place is nearly the complete opposite. Moscow is a bright, beautiful, cosmopolitan city. I’ve always found Moscow to feel more European than most European capitals, with gorgeous architecture that never seems to end. Moscow is easily as nice as… Read more
  • The ridiculous return of the Zimbabwe dollar
    Here’s our Friday roll up of the most absurd and concerning articles we came across this week. Jail time for offensive image in Great Britain Recently some idiot teenager in Britain edited an image of Prince Harry into something that was stupid and racist. This moron clearly intended to be offensive. His photo depicts the prince (who married Meghan Markle) with a gun to his head and the caption, “see ya later race traitor.” It… Read more
  • Uzbekistan is seriously compelling
    Last week when I was in Japan, I met up with an old friend of mine who is a senior executive at one of the world’s largest automobile manufacturers. He’s one of the top people in the organization– reports to the CEO, flies around on the corporate jet, the whole nine yards. So he knows his stuff. I won’t use the name the car maker to protect his anonymity, but rest assured, there’s a 100%… Read more
  • Quite possibly the world’s cheapest stock market
    [Editor’s note: Yesterday we accidentally sent the wrong version of Simon’s article about Kazakhstan. We posted the correct version to the website– and definitely recommend you check it out.] Late last week, the Federal Reserve gave its strongest signal yet that they would cut interest rates soon. And in anticipation of yet another endless flood of cheap money, the US stock market soared to an all-time high. Honestly it’s a bit absurd when you think… Read more
  • Not quite ready for investment… but still Disneyland for nature lovers
    In the spring of 1937, a young Scottish diplomat named Fitzroy Maclean embarked on a two year journey across the Soviet Union. It was something that no Westerner had done in more than two decades, and this was well before any modern conveniences, so Maclean had to travel by any means necessary– including donkey cart. Years later he published a wonderful book about his experience called Eastern Approaches. To give you a flavor of Maclean’s… Read more
  • Top Citizenship by Investment Rankings
    We have developed a PBS ranking model taking into account 30 very important factors to rank the Best CBI program out of 14 schemes that exist in Europe, Caribbean, Asia and Oceania.   Our first of the kind mathematical model in the CBI industry, gives answer on which is the best citizenship by investment program in the world.   CBI PBS Score Rank    Malta 134 1   Grenada 130 2   Cyprus 126 3  Bulgaria 125 4  Montenegro 118… Read more
  • New CBI Price comparison tool
    New tool to compare the prices of citizenship by investment (CBI) programs and find the cheapest citizenship program in terms of prices.   The automatic tool calculates the donation fee, real estate fee, due diligence fee, passport fee for single applicants, spouses and family members for 10 CBI countries.   Antigua Dominica Grenada Malta Cyprus St Kitts and Nevis Saint Lucia Vanuatu Moldova Montenegro   This tool is a beta launch version.   The using… Read more
  • Texas wants to make sex jokes illegal
    Here’s our Friday roll up of the most absurd and concerning articles we came across this week. UK bans advertisement with “harmful gender stereotypes” UK bureaucrats will now decide if ads and commercials are too offensive. New regulations ban advertisements with gender stereotypes “that are likely to cause harm, or serious or widespread offence.” So a woman cleaning while a man is being lazy– banned. Suggesting a poor physique caused other failures– banned. Emphasizing energetic… Read more
  • Yikes! Japan has more people over the age of 80 than under the age of 10
    Earlier this week the United Nation’s Department of Economic and Social Affairs released its 2019 world population report… and there were a number of very interesting findings: 1) World population continues to grow slightly, but the rate of global population growth is at the lowest level since at least 1950.  2) Global population growth rates are unevenly distributed. Developed nations (including the US, Japan, Western Europe) suffer from alarming declines in fertility rates, while developing… Read more
  • Rejoice. The end of Banking is nigh.
    On January 3, 2009, about six months before I launched Sovereign Man more than a decade ago, the Bitcoin blockchain came into existence. 50 bitcoins were mined by the network’s creator in that very first transaction. And within a few days, the first open-source Bitcoin software was released. Few people noticed. By October of 2009, the value of a single Bitcoin was still just $0.0009 (9/100th of a penny). A decade later, Bitcoin has seen… Read more
  • Celebrating 10 years from the oldest hotel in the world
    In the year 705 AD, a Japanese entrepreneur named Fujiwara Mahito opened a small inn at the foot of the Akaishi mountains in central Honshu. At the time, few people probably thought the inn would last very long. Fujiwara didn’t know anything about being an innkeeper… he had been groomed to follow in his father’s footsteps and serve the emperor as a bureaucrat. And the location he selected for his inn was terribly remote; it… Read more
  • Four insane data privacy scandals, just from this month
    For this Friday’s roll-up of bizarre and disturbing stories from around the world, we found ourselves zeroing-in on some ridiculous data privacy violations. Soccer app spies on fans The Spanish soccer (sigh, OK– football) league, known by fans around the world simply as La Liga, knew that most pubs across Europe showing its matches weren’t paying for the subscription. La Liga was sick of losing out on royalties from the pirated video streams. So they… Read more
  • Meanwhile, over on Planet Japan
    It was only a few days ago that the Japanese government’s Financial Services Agency published its oddly-titled “Annual Report on Ageing Society”. (Like everything in Japan, English translations often hilariously miss the mark…) This is a report that the Ministry of Finance puts out every year. And as the name implies, the report discusses the state of Japan’s pension fund, and its future prospects for taking care of its senior citizens. Bear in mind that… Read more
  • As Hong Kong refuses to bend the knee…
    Sun Tzu, the legendary Chinese general of the 6th century BC Zhou Dynasty, famously wrote in the Art of War: “When you engage in actual fighting, if victory is long in coming, then men’s weapons will grow dull and their ardor will be damped. If you lay siege to a town, you will exhaust your strength.” Modern day governments understand this principle very well. And that’s lesson #1 I want to discuss today. If you’ve… Read more
  • Who would possibly do something so crazy? Pretty much everyone in Japan.
    It was precisely 20 seconds past 9:44am on November 14, 2017 that Japan Railways train number 5255 departed from Minami Nagareyama Station on the outskirts of Tokyo. Hardly anything seems noteworthy about a train leaving a station. It happens countless times each day all over the world. Except THIS particular train was supposed to depart FORTY seconds past 9:44am. So it left the station 20 seconds early. In virtually every other country in the world,… Read more
  • Gold Passports have become Luxury status symbol of the Rich
    Gold passports have become a modern day ultimate luxury status symbol replacing fast cars, yachts and expensive jewellery among the rich and wealthy. The Rich and wealthy are spending six figures for passports and citizenship.   According to a recent Knight Frank 2019 survey, there are an estimated 71,300 UHNWI’s already hold a second passport. That is one third of them already hold one, while another one third are planning to obtain one. Ultra high-net-worth individuals (UHNWI) are… Read more
  • Not too shabby for a place with no natural resources…
    There are truly so many things to love about Hong Kong. Most visitors would probably gush about the exotic night life or legendary cuisine (the Cantonese, they say, eat anything with four legs… except the table.) All of those things are fine and good. But at the top of my own list of things that I love about Hong Kong is that this place is a veritable monument to the awe-inspiring forces of capitalism. When… Read more
  • Local government seized countless children based on falsified drug test results
    Rejoice, it’s Friday. Here is our weekly roll-up of bizarre and disturbing stories from around the world. 1. Local government seized countless children based on falsified drug test results For years, the county of Ozark, Alabama hired a private laboratory to analyze paternity and drug tests. These were pretty critical tests… because the county would rely on those test results to determine whether or not to take someone’s children away from them. It turns out… Read more
  • A Growing Economic Class in Canada’s Immigration
    With today’s global uncertainties, individuals are coming to Canada from everywhere around the world in order to preserve their children’s future, escape their country’s situation and to have peace of mind. As the second largest country in the world, Canada represents a true opportunity for individuals who are looking for an incomparable quality of life, away from present turmoil and uncertainties for themselves and their family. Canada offers access to a second residence in a… Read more
  • What I’ve learned being an ‘insider’
    I’ve been in Australia for a little while now as part of my many professional responsibilities. In addition to running Sovereign Man and several other businesses, I am also the Chairman of the Board of Directors a company that’s listed on the stock exchange here in Australia. I’ve been on the Board for almost two years, and I’ll admit it’s been one hell of an experience. I say this because most of us don’t realize… Read more
  • My bank in Denmark just offered me a NEGATIVE rate of interest to borrow money
    [Editor’s Note: Today’s note was penned by one of our international contributing editors.] Yesterday I called my bank in Denmark, Nordea, and couldn’t believe what they told me… They offered to lend me money at MINUS 0.12% for a ten-year mortgage. In other words, the bank would PAY ME to take out a loan. Of course, as a Sovereign Man editor, I’ve written a lot about negative interest rates. But most of these cases were… Read more
  • New York City trying to “liberate” teachers from their “whiteness”
    Happy Friday everyone. Here’s our weekly roll-up of some of the most bizarre (and occasionally happy) stories from around the world that we’re following: NYC schools training teachers to discriminate against white students A new mandatory, $23 million “anti-bias” program is training New York City school teachers to discriminate against white children, no matter what. The New York Post recently published remarks from one training session, in which the instructor defined ‘racial equality’ as favoring… Read more
  • Here is how your startup can access millions in investment funding
    Five years ago, a company called Yo raised $1.5 million at a $10 million valuation. What did investors and end-users get for this much money? An app that allowed users to send the message “Yo,” (and NOTHING else) to their friends. It didn’t take long for the company to blow through all that cash in typical Silicon Valley manner, and let go of all its employees. At the peak of investing hysteria, it was that… Read more
  • Montenegro citizenship by investment: Program overview
    Interest in second citizenship programs is growing with each passing year. Which is quite logical, since passport programs offer a variety of new opportunities for investors. Previously, it was possible to obtain a European citizenship through investing in a Cypriot, Maltese or Bulgarian economy. This year, the second citizenship market welcomes a new member, Montenegro. That is why many are already seeking to find out how profitable the Montenegrin CBI program is and what are… Read more
  • BMW cars have outperformed BMW stock by over 600%
    In 1956, BMW released a brand new line of roadsters, the 507. It was a slick convertible and became a hit with celebrities. In 1959, the very first Bond girl from Dr. No – Ursula Andress – took possession of this brand new BMW 507 roadster. It was re-designed 40 years later into the BMW Z8, which is the car that Pierce Brosnan drove in James Bond, The World is Not Enough. But the original… Read more
  • How to get an education that empowers you for life
    Each year, I invite an incredible mix of young people from more than a dozen countries to join me in Lithuania for an intense week of business, investing and entrepreneurship classes taught by the smartest people I know (it’s also entirely free for the students who attend. I pay out of my own pocket for everything). I do it because I feel strongly about self-education. It’s how I got to be where I am today.… Read more
  • Congressman wants to ban Bitcoin because it threatens the Federal Reserve
    Happy Friday everyone. Here’s our weekly roll-up of some of the most bizarre (and often disturbing) stories from around the world that we’re following: Apparently it’s a crime to sit down in public A dangerous criminal in the United Kingdom has been sentenced to 20 weeks in prison after an egregious crime spree. This psychopath admitted to the heinous crime of SITTING in public THREE TIMES, without a valid excuse. The homeless man had already… Read more
  • Crypto prices are surging… is it time to buy again?
    Last week the price of Bitcoin was double what it was on April 1 of this year. Then it crashed by almost 20% in matter of days. Then it surged again. And at the time of this writing, the price of bitcoin is just shy of $8,000. That’s a pretty volatile ride. Naturally the “experts” are back to predicting Bitcoin will hit anything up to $10,000 this month, and $100,000 this year. Obviously no one… Read more
  • Better results start with an independent, global view
    Last week when Uber finally went public, the stock set a record for the largest first-day dollar loss in IPO history: over $6 billion vanished from the company’s valuation in a matter of minutes. But that shouldn’t be surprising since Uber doesn’t actually make a profit. And the company acknowledged in its IPO filing that it may, in fact, NEVER turn a profit, given that it expects operating costs to “increase significantly in the foreseeable… Read more
  • After so many years, this place is still amazing
    Like many of our readers, I’ll never forget the Great Crash and the Global Financial Crisis from more than a decade ago. Some of you may be too young to remember. But it was pretty gruesome. One of the largest investment banks in the world collapsed in September 2008, nearly dragging down the world economy with it. Practically overnight it became apparent that the global financial system was a house of cards. Some of the… Read more
  • Five years in prison for offending someone online…
    Let the weekly absurdity begin! New SAT scoring will combat Asian privilege The infamous SAT has been used since 1926 as a sort of university entrance exam to objectively test high school students’ scholastic aptitude. Until now. Test administrators announced plans this week to include an ‘adversity score’ for every student taking the SAT. This score will excuse poor test results if the student lives in a high crime neighborhood, went to a poor high… Read more
  • Portugal issued 400 golden visas for capital transfer
    Portugal has issued 400 golden visas under the capital transfer option, according to the latest SEF statistics.   The Capital transfer option was launched under ARI golden visa scheme in Dec 2017 expanding the scope of options outside the real estate investment.   The capital transfer scheme is the cheapest option starts with 250,000 euro investment for supporting the arts, for reconstruction or refurbishment of the national heritage institutions.     The following are five… Read more
  • This is a much better alternative to keeping your money in a bank
    The banking scandals are all starting to blur together. When I heard that five big banks were fined by regulators today, I had to think… Was that the scandal over employees creating fake accounts? No. Was it the scandal over recommending investments “highly likely to lose value”? No, not that one either. Today’s fine didn’t stem from when banks scammed customers into buying auto insurance they didn’t need, illegally repossessed vehicles, accidentally foreclosed on homes,… Read more
  • Saint Lucia amends CBI Act
    Saint Lucia has amended Citizenship By Investment Act 2019 allowing the possibility of citizenship holders include dependants within 5 years post granting citizenship.   CIP Saint Lucia invites CBI applicants to invest in non-interest bearing government bonds USD 500,000.   The bond investment is the cheapest compared to donation option. Financing  possible for certain applicants, the client has to pay only pay government bond fee, plus due diligence fee.   Bond Fee   Applicant applying… Read more
  • Ireland tops Golden visa rankings with best citizenship in the World
    Ireland has taken second spot in Best citizenships rankings for 2019.  Ireland took second place in overall rankings of 190 countries and taken first spot among countries that offer golden visa schemes according to Best citizenships study.   The study took into account over 15 metrics such as healthcare, economy, GDP, freedom, human development, strong currency, naturalization time for citizenship, birthright citizenship, dual citizenship etc.. using a mathematical model.   Golden visa rankings These countries… Read more
  • Canada New Brunswick entrepreneur scheme
    The New Brunswick province of Canada, offers a new golden visa scheme known  New Brunswick entrepreneur program to international investors.   This scheme requires CAD 250,000 investment in hotels, healthcare, hotels creating new jobs for the province.   Currently New Brunswick has the cheapest immigrant investor program for Canada, as Quebec in 2019 QIIP reforms increased the qualifying investment from CAD 800,000 to CAD 1,200,000 and also subjected to 1900 limited quota.   The New Brunswick… Read more
  • What is Corporate Citizenship by Investment?
    The Corporate Citizenship by investment (CCBI)  is a new concept for business investors, only became popular after late 2010.   The whole idea is applying investment model  to acquire a citizenship through corporate investment. The investment must create jobs, sustainable development and economic growth in the country.   Corporate investors investing in new hotels, resorts or other enterprise projects in sustainable development, are eligible for citizenship through investment schemes.  All corporate investors who own shares… Read more
  • Grenada has made significant changes to CBI program
    Grenada has made significant changes to its citizenship-by-investment (CBI) program from 1 April 2019.   This makes Grenada’s minimum price point for real estate investment to $220,000 much more competitive with neighboring jurisdictions, although it is only applicable in cases where applicants co-invest in a unit or property. These significant enhancements to the Grenada Citizenship-by-Investment (CBI) Program will improve its accessibility and make it more attractive than ever for potential investors.   The summary of most… Read more
  • Three steps to successfully invest in real estate
    Real estate has always attracted investors who wished to invest in tangible, solid assets, in a strong geopolitical and economic context. But if you reside in a country where the economy and the geopolitics show regular signs of instability, it might be preferable to consider investing in real estate abroad. This also applies if your neighboring countries are faced with some crisis that could quickly affect you. Indeed, investing in real estate abroad, in a… Read more
  • Citizenship & residency by investment: Guide on how to choose a program
    In this article we will share the insights based on 200+ cases from out practice and will explain how you can choose a residence permit and citizenship by investment program. In addition to the main criteria such as the cost of the program, duration of application process, the list of visa-free countries, etc., you should also take into account the program effectiveness. Regardless of the status you eventually choose, the main goal is to obtain… Read more
  • Egypt’s citizenship by investment: Cost and Conditions
    A new player has emerged on the investment immigration market. The Egyptian Parliament has amended the country’s legislative framework so that ultra high-income foreign citizens will be able to obtain the country’s citizenship. This way, the authorities intend to repay the International Monetary Fund-issued loan. Egypt is currently implementing a number of economic reforms, including the creation of favorable conditions for foreign investors. According to the requirements of Egypt’s passport program, a foreigner is issued… Read more
  • Moldova Citizenship by Investment Program: Re-launch peculiarities and passport cost
    In September 2017, the government of the Republic of Moldova announced the launch of their Moldova Citizenship By Investment program (MCBI). According to the changes in legislation, now wealthy investors are allowed to obtain a passport of Moldova by investment. It was expected that the citizenship status would be available for purchase either via donations to the national fund, via buying government bonds, or via buying real estate. Despite being theoretically ready, the program was… Read more
  • Buy citizenship with bitcoin: Migronis & BankEx launch revolutionary project
    The first news about a possibility to purchase a second citizenship by investment with cryptocurrency appeared in October 2017. It was the Government of Vanuatu that made this announcement. However, in about 2 weeks after the announcement, the news appeared to be untrue. The second time we heard that citizenship can be bought with bitcoins or other cryptocurrency was in July 2018. This time prime minister of Antigua and Barbuda stated that it would be… Read more
  • Antigua and Barbuda citizenship by investment program: Is it possible to use Bitcoin Cash to buy a second passport
      Interesting things are happening around Antigua and Barbuda citizenship by investment program. Cabinet has announced the funds received under the new investment option would be spend on the future university of Antigua and Barbuda. It would be established in Five Islands Village. According to the data by and, it will be possible to use such cryptocurrency as Bitcoin Cash (BCH) to purchase passport of Antigua and Barbuda under citizenship by investment program… Read more
  • What is the real price of real estate in Cyprus that is offered under citizenship by investment program
    In the first quarter of 2018, the number of real estate transactions in Cyprus increased by 41% compared to the same period in 2017. According to the Cyprus Department of Lands and Surveys, from January to March, 2,129 purchase contracts were registered. A year earlier, during the same period, 1,505 real property items changed their owners. What was the impact of the economic citizenship program on the Cyprus’ real estate market? What is the real… Read more
  • Real estate in Cyprus: Detailed guide to buying property to further obtain the passport of Cyprus
      Cyprus has gained the reputation of one of the most popular locations for buying real property for investment purposes. Beyond that, purchasing an apartment or villa on the island is a means to qualify for the EU passport which grands a number of advantages that are pleasant and indispensable to businessmen (visa-free travel around the world, reduced taxes, etc.). What are the general principles of choosing and buying real property in Cyprus and how… Read more
  • Buying property in Cyprus: Legal process and main issues
    Last year there was a 24% increase in the number of property transactions (sale and purchase) compared to 2016. The forecast for 2018 is also positive. In April 2018 alone, the total amount of housing/commercial property and land transactions was 29% higher than the one recorded in the same period of 2017. The figure keeps growing. Half of Cyprus’s real estate sold between January and April 2018 was obtained by foreigners. The statistics have been… Read more
  • What real property taxes are paid by foreigners applying for citizenship by investments in Cyprus
      Buying property in Cyprus is not just a fancy trend followed by wealthy people, but also a profitable investment tool. By acquiring residential or commercial property a foreign investor may qualify for obtaining the citizenship of Cyprus. Today’s article is mainly for those who are planning to buy property in Cyprus in order to obtain citizenship by investment. We will give the insights on which additional duties and taxes must be paid when buying… Read more
  • 5 Myths About Hedge funds
    Increasingly sought after by high net worth investors, alternative financial products are an excellent way to diversify your portfolio and thus mitigate the risks typically associated with traditional investments. Alternative products include hedge funds, which, depending on their strategy, can offer many benefits, while securing the future of your financial wealth. For many, they remain complex products whose benefits are not sufficiently known. This calls for a little demystification. We debunk 5 myths about Hedge… Read more
  • The Unravelling of the Diplomatic Passport
    Once considered an ace in the hole for the most influential of travelers, the diplomatic passport has now come under intense scrutiny. Holders of the diplomatic passport are therefore facing the loss of this privilege, and left in search of an alternative. Read more
  • Wealth Preservation: A Multiple Citizenship Strategy
      In today's turbulent geopolitical environment, it can be hard to find a refuge from economic instability—and when you've been trusted with multigenerational wealth or have worked hard to leave a legacy for your loved ones, the last thing you want to do is put your wealth at risk. For many, multiple passports and foreign real estate investment can be a hedge against uncertainty in your home country. This article is the third in a… Read more
  • How to Protect your wealth in an uncertain economic environment
      Several factors influence the economic health of a region. Today, the uncertainties that prevail in many countries around the world are often the result of policies that destabilize the economic progress of these countries. Read more
  • Wealth Preservation: Why Geographical Diversification is a Key Strategy
      Today’s global uncertainties include economic instability, geopolitical conflicts, and sudden spikes and dips in various currencies. These factors can converge to force many international high net worth investors to seek refuge in more reliable investments as a means of securing the future. Asset diversification is no longer sufficient to avoid the sudden spikes and dips that can be inherent in today’s volatile economies--instead, geographical diversification represents an important strategic key. This article is the… Read more
  • Wealth Preservation: An Alternative Investment Strategy
      Most investment advice tends to be one-size-fits-all. Discussions of finding index funds with low fees and the "right" amount to save for the future can be useful for beginner investors, but don't begin to scratch the surface of your needs when the value of the investments you manage is in the multi-comma range. This blog series focuses on some of the unique and varied ways high net worth investors (HNWIs) can preserve their wealth.… Read more
  • 5 Facts About Alternative Investments for High Net Worth Investors
      Those who have amassed their wealth by sticking with run-of-the-mill stock and bond offerings may wish for the excitement of innovative new investments. And when volatility seems to be at an all-time high, with news reports often prompting mega equities swings without any change in the market's underlying fundamentals, diving into a smaller pool of more seasoned investors can seem like a wise choice when wealth preservation is your goal. Some alternative forms of… Read more
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