• New School: Plastic bubbles, 8 year old arrests, and woke math
    Are you ready for this week’s absurdity? Here’s our Friday roll-up of the most ridiculous stories from around the world that are threats to your liberty, risks to your prosperity… and on occasion, inspiring poetic justice. NASA to rename insensitive cosmic objects You may think NASA’s mission is to take humanity to Mars and beyond. But remember, we no longer live in a society which prioritizes actual advancement. Far more important is making sure no… Read more
  • Which EU countries offer Golden visas?
    Golden visas are pure residency schemes, should not be confused with citizenship by investment (Cbi) programs.  A golden visa program is an ideal choice for investors who seek permanent residency and dont want citizenship in initial stages and aim for EU citizenship after some years of patience . If your country does not accept dual citizenship, probably a residency program fits best for you. These are the list of EU countries that offer golden visas… Read more
  • 7 Reasons The E2 Visa is The Next Big Thing in US Immigration From 2021 Onwards
    Angie RupertRupert Law Group  2020 is not the year of the trend. It is the year of no business, no travel, no fun. The worldwide pandemic has slowed down immigration to everywhere and from everywhere. However, many entrepreneurs around the world are just gearing up for their next “big move” – a move, perhaps, to the United States.  Statistics published last week in IMI showed the 2019 fiscal year (FY) was the third-best year on record… Read more
  • Top 10 Blogs on COVID-19
    By IMFBlog The pandemic has altered people’s lives in both enormous and small ways. Our editors have picked the top recent blogs that dig into the details of what COVID-19 means for people: the impact on women and the young, what it means for the food supply, and how it can increase already growing inequality, to name a few. COVID-19 is a stark reminder of longstanding inequities in our societies, and how policies need to… Read more
  • Slaves, Sugar, and Citizenship by Investment – A Brief History of Caribbean Economics
    Edwin MorganDominica  The source of good karma is not always an intentional act. However, your good intentions are not necessary to reap the resulting wisdom and fortune that good karma brings. One mostly unnoticed source of good karma is to be enjoyed by successful applicants of Caribbean citizenship by investment programs. Indeed, applicants of citizenship by investment (CBI) are keen on the benefits that would help them accomplish their immediate goals. Visa-free travel, sovereign neutrality,… Read more
  • Kimpton Kawana Bay Launches Sales of the Last Units in the Final Phase
    Kimpton Kawana BaySponsora  The next 5-star beach resort to open in Grenada, Kimpton Kawana Bay, has announced the much-anticipated launch of its final units for sale, in the Kiawah building which is the last phase of the project to be built. With over 70% of units sold or reserved, the resort is at an advanced stage of construction on a prime site on Grand Anse Beach, voted by CNN and Condé Nast Traveler as one… Read more
  • Does anyone else find this ironic?
    Does anyone else find this ironic? In the age of #MeToo and BLM, the most ‘woke’ political party in the Land of the Free has chosen a guy with multiple sexual misconduct allegations as its presidential nominee; and a lady who locked up countless black people (many for victimless crimes) as its vice presidential nominee? These are true statements, of course. Joe Biden was accused of sexual assault a few months ago by a former… Read more
  • IMC Welcomes Council of Europe’s Report on Investment Migration
    Ahmad AbbasJordan  The implication of the report’s recommendations for regulation and common standards is that investment migration is a legitimate business. A recent report from the Council of Europe (CoE) endeavors to shed an objective light on issues surrounding investment migration in EU states. Adopted by the Committee on Migration, Refugees and Displaced Persons, the report delves into details of legalities, CoE conventions, and past recommendations of MONEYVAL and FATF. It offers recommendations on elevating… Read more
  • CBI to Be “Main Driver” of Saint Kitts GDP in 2020: Investment Migration People in The News This Week
    Christian NesheimEditor  At the beginning of the pandemic, we asked whether the crisis would ultimately harm or boost the investment migration market would. That question, judging by the amount of publicity the industry’s been getting in the last several months and the anecdotes service providers are sharing with the international media, appears to be decisively settled in the industry’s favor, once more supporting the argument that investment migration is an antifragile business. Investment migration people… Read more
  • Digest: Russian nationals were the biggest buyers of real estate in Montenegro in 2019 / Greece introduces incentives for foreign pensioners / Portugal and the USA top the list of immigration choices by the wealthy from Latin America
    Read our digest to learn the latest developments in respect of migration programs. This week’s topics include: Russian nationals crowd the top of the list of investors under Montenegro Citizenship by Investment program; and whether Malaysia is going to resume its residency by investment program. Read more
  • Our enemies will tremble at the sight of our diversity and inclusion. . .
    Not long ago, the British Army realized that it needed to completely revamp its recruiting campaign. The younger generation simply wasn’t responding to the Army’s previous ‘Be All You Can Be’ style of advertising. So British leadership changed the recruiting message to keep up with the massive cultural shift that has been sweeping the world. Their updated campaign focused on– you guessed it– diversity and inclusion. The Army’s new priority was to show off how… Read more
  • 35% of Portugal Golden Visa Applicants Have Chosen “Alternative” Investments in 2020
    Christian NesheimEditor  Portugal’s golden visa program raised EUR 56 million in July, a figure considerably below July 2019 (EUR 98m) but only slightly lower than the average monthly program investment for last year as a whole (EUR 62m). With five months left in 2020, Portugal’s total earnings so far this year amounts to EUR 439 million, only 6.7% less than the amount raised during the first seven months of 2019. !function(){"use strict";window.addEventListener("message",(function(a){if(void 0!["datawrapper-height"])for(var e in… Read more
  • Economic prosperity is no longer the priority. Guess what happens next…
    Recently I held a live Q&A Zoom call with my friend Peter Schiff, and several dozen members of our Total Access group. And towards the end of the call, one of our members asked– what do you think the future looks like for the US, and the West in general? Peter went off into one of his classic tirades about how the US dollar is doomed because of how much money the central bank is… Read more
  • 8 Questions Hongkongers Must Ask Before Taking Up The UK’s BN(O) Visa Offer
    David LesperanceLesperance & Associates  It has now been just over 4 weeks since the UK government announced a program for British Overseas Nationals, and there has been enough time to see the details of the program and the Chinese government’s reaction. Therefore, it is time to take a clear-eyed analysis of the BN(O) offer and provide some thoughts as to which groups should take advantage of this program and which groups should avoid it. Other… Read more
  • 43,286 E2 Visas Issued in FY2019: Canadian Participation Up 60% Under Trump
    Fiscal year 2019 was the American E2 visa program’s third-best year on record; 43,286 individuals – citizens of one of the 83 E2 Treaty signatory countries – received long-term, non-immigrant visas in the United States through the scheme. !function(){"use strict";window.addEventListener("message",(function(a){if(void 0!["datawrapper-height"])for(var e in["datawrapper-height"]){var t=document.getElementById("datawrapper-chart-"+e)||document.querySelector("iframe[src*='"+e+"']");t&&(["datawrapper-height"][e]+"px")}}))}(); Of these, nearly a third came from Japan alone. No other country comes close to Japan’s 13,664 E2 visa recipients; the country accounted for more visas than the rest of… Read more
  • Digest: Ministry of Finance of the Russian Federation denounces the double taxation treaty with Cyprus / Children of residents will be eligible for a Portuguese passport after they reside in the country for one year only
    Read our digest to learn the latest developments in respect of migration programs and more. This week’s topics include: newborn children of residents will be eligible for a Portuguese passport after they reside in the country for one year; the government of Russia intends to denounce the double taxation treaty with Cyprus; and Swiss cantons entice businesses with corporate tax cuts… Read more
  • Ignorance prevails again!
    Are you ready for this week’s absurdity? Here’s our Friday roll-up of the most ridiculous stories from around the world that are threats to your liberty, risks to your prosperity… and on occasion, inspiring poetic justice. Yale Study tests the best Covid vaccine propaganda Is guilt, self-interest, or anger the most effective way to convince people to get a Covid vaccine? A Yale study will attempt to answer that question, by studying which message resonates… Read more
  • Chart of the WeekAging Economies May Benefit Less from Fiscal Stimulus
    By Jiro Honda and Hiroaki Miyamoto In the midst of the current COVID-19 pandemic, policymakers around the world are undertaking fiscal stimulus—a combination of spending increases and tax reductions—to support their economies. Even before the present crisis, the importance of fiscal policy has been increasing, with monetary policy constrained by near-zero interest rates. Our new staff research finds that age also matters when considering fiscal stimulus. Specifically, we find that fiscal policy isn’t as effective… Read more
  • 10 on the Weekend – Alex Hopkin: “Inexperienced Actors” Compromising Service Quality
    Ten On The Weekend is a weekly feature on IMI, the concept of which is simple: Each weekend, we ask the same ten questions to a different industry figure, letting readers get to know the interviewee on a more personal and informal level than they might in an ordinary business setting. This weekend’s guest is Alexandre Hopkin of Henley & Partners. How do you spend your weekends?In Henley & Partners’ Montenegro office, I am lucky to have… Read more
  • This second passport comes with free university tuition
    I’ve written a lot in the past that there are two lifelong benefits that parents can provide their children, practically from birth. The first is the gift of a foreign language. Every kid is going to learn his/her parents’ native tongue.  But giving a child constant exposure to a foreign language from a very young age will help them develop an additional native fluency that will last a lifetime. It makes an enormous difference. My… Read more
  • COVID-19 Response in Emerging Market Economies: Conventional Policies and Beyond
    By Martin Mühleisen, Tryggvi Gudmundsson, and Hélène Poirson Ward عربي, 中文, Español, Français, 日本語, Português, Русский  The economic impact of the COVID-19 pandemic on emerging market economies far exceeded that of the global financial crisis. Unlike previous crises, the response has been decisive just like in advanced economies. Yet, conventional policies are reaching their limit and unorthodox policies are not without risks. A pandemic still unfolding COVID-19 is still to play out fully in the… Read more
  • Asian CIP Investors Drive Manufacturing Boom in Turkey as Sino-US Trade Tensions Grow
    CIP TurkeySponsor After the June 1st restart, Turkey’s economy already sets trade and manufacturing records. During the Eid holiday, the beaches and coastal and resort towns of Turkey sprung back to life, with large volumes of domestic and foreign visitors flocking to its renowned beaches.  The opening of more international flight routes in August has led to vast numbers of international arrivals from those countries, which in turn has provided a much-needed boost to the countries… Read more
  • 4 countries welcoming the digital nomads during Covid
    Life has taken an eerie turn for digital nomads as their favorite cities emptied of tourists and foreigners working remotely. Tasha Prados arrived in Vietnam in late February, a few weeks before the country closed its borders. On March 12, she received word that she had 10 days to request an evacuation to the US through her travel insurance. Tasha opted to stay in Vietnam, and rent a house with five other digital nomads. They… Read more
  • Mommy put us in time-out again
    After a few weeks of freedom here in Puerto Rico where people could engage in dangerous, death-defying acts (like going to the gym), our all-knowing, all-powerful governor announced new lockdown rules late last week. Or as I tell my friends, Mommy put us back in time-out. This is not unique to Puerto Rico; several states and countries all over the world are imposing new waves of restrictions due to an uptick in Covid infections. I… Read more
  • Global Imbalances and the COVID-19 Crisis
    By Martin Kaufman and Daniel Leigh عربي, 中文, Español, Français, 日本語, Português, Русский  The world entered the COVID-19 pandemic with persistent, pre-existing external imbalances. The crisis has caused a sharp reduction in trade and significant movements in exchange rates but limited reduction in global current account deficits and surpluses. The outlook remains highly uncertain as the risks of new waves of contagion, capital flow reversals, and a further decline in global trade still loom large on… Read more
  • Caribbean countries slash prices for CBI passport programs
    Due to Covid19 pandemic, caribbean countries that operate citizenship by investment programs have now announced slashing of prices for mainly families. For families looking to explore second passport opportunities now is best time to apply for citizenship by investment programs in the Caribbean. Most of these offers will only run for a limited time, set to expire by end of 2020. St Kitts and Nevis Family of up to 4 will get reduced price to… Read more
  • Some clear thinking on gold at its all-time high
    For as long as I can remember, I’ve been a fan of Bruce Lee. I was probably about four years old when I first watched one of his movies. And I was instantly hooked. The guy was legendary. As a teenager, I learned more about how he lived, and I began to admire his tenacity, discipline, and relentless pursuit of self-improvement… qualities that I endeavored to attain. I remain a fan to this day. In… Read more
  • You can now be fined, jailed, and assaulted for not wearing a mask
    Are you ready for this week’s absurdity? Here’s our Friday roll-up of the most ridiculous stories from around the world that are threats to your liberty, risks to your prosperity… and on occasion, inspiring poetic justice. Governors proclaim chicken wings are not a meal The pandemic has made Governors so power hungry that they are now telling restaurants what counts as a meal. States like California and New York are forcing restaurants and bars to… Read more
  • Digest: Siblings of investors can now be eligible for a passport of Saint Lucia / EU might attack Cyprus’ low-tax system / The world’s wealthiest people are offered VIP rock vaults in the Alps
    Read our digest to learn the latest developments in respect of migration programs and more. This week’s topics include: siblings of investors can now be eligible for a passport of Saint Lucia; the court ordered Swiss UBS Bank to transfer data on 40,000 accounts to law enforcement authorities; VIP rock vaults are being built in the Alps for the world’s wealthiest people to store their riches. Read more
  • And suddenly your passport is worthless
    Imagine being a seventeen year old, travelling internationally, all by yourself. It’s scary, but exciting– all the more so because you have been accepted to Harvard University. You’ve worked your tail off for years, all culminating in this amazing opportunity for an education at one of the top schools in the world. And so, after an exhilarating summer travel adventure around the world, you hop a plane to the US where you’re set to start… Read more
  • Transparency Makes Central Banks More Effective and Trusted
    By Tobias Adrian, Ghiath Shabsigh, and Ashraf Khan عربي,  中文, Español, 日本語, Русский  The role and mandates of central banks have become broader and more complex since the 2008 global financial crisis. The unconventional nature and growing scale of interventions (as seen again during the COVID-19 pandemic) have brought on much higher scrutiny. More transparency and accountability are required to maintain public support, safeguard independence, and enhance policy effectiveness. The IMF has developed a Central Bank Transparency… Read more
  • Impact of Conflict and Political Instability on Banking Crises in Developing Economies
    By Montfort Mlachila and Rasmane Ouedraogo While the economic effects of conflict and political instability have been analyzed extensively, much less attention has been paid to how banks are affected. Our IMF staff paper addresses this gap by investigating whether rising conflict and political instability globally over the past several decades has led to more banking crises in developing countries. Our study focuses on the potential impact of conflict and political instability on systemic banking… Read more
  • Available now: free house with a majestic ocean view
    Yesterday I had the pleasure of hosting one of our Total Access members, and his son, over to my house for lunch. (We did this extremely radical thing where we happily shook hands, and then sat face to face to share a meal and a real, live conversation.) He told me how he had spent the last few weeks here in Puerto Rico to decide if this was a place he could spend more time.… Read more
  • Corruption and COVID-19
    By Vitor Gaspar, Martin Mühleisen, and Rhoda Weeks-Brown عربي,  中文, Español, Français, 日本語, Português, Русский  Corruption, the abuse of public office for private gain, is about more than wasted money: it erodes the social contract and corrodes the government’s ability to help grow the economy in a way that benefits all citizens. Corruption was a problem before the crisis, but the COVID-19 pandemic has heightened the importance of stronger governance for three reasons. First, governments around… Read more
  • This is bigger than Covid. But few people are paying attention.
    Most people realize that 2020 has thrust two game-changing trends upon us that will change the world for years to come. The first is Covid. In less than six months, this virus has created extreme global hysteria and economic devastation. Countless businesses have gone bust or are teetering on the edge. Tens of millions of jobs have been lost. Government debt around the world has exploded higher. And their heavy-handed abuse of power has been… Read more
  • Motorcyclist dies in crash. Must be COVID.
    Are you ready for this week’s absurdity? Here’s our Friday roll-up of the most ridiculous stories from around the world that are threats to your liberty, risks to your prosperity… and on occasion, inspiring poetic justice. Art museum curator cancelled for not abandoning “white male artists” Gary Garrels was the Senior Curator of Painting and Sculpture at the San Francisco Museum of Modern Art. After giving a presentation on the importance of diversity in art,… Read more
  • 3,500% return from a safe ‘forever asset’
    In the year 1649 after nearly a decade of painstaking work, the legendary Dutch artist Rembrandt van Rijn put the finishing touches on one of his masterpieces: Christ Healing the Sick. The piece is considered a technical and artistic marvel, proving without doubt that Rembrandt’s skills were truly ahead of his time. So it’s no surprise that he sold the piece for a record-setting 100 Dutch guilders… an incomprehensible amount of money to pay for… Read more
  • Chart of the WeekUnemployment in Today’s Recession Compared to the Global Financial Crisis
    By Ippei Shibata There has been much discussion in recent months about how workers who transitioned to working from home—and those who were deemed “essential”—are less affected by the layoffs and job losses brought on by lockdowns than are workers in “social” jobs that require closer human interaction, like restaurant workers. However, our new IMF staff research suggests that this does not tell the full story. In particular, we find that while teleworkable jobs are… Read more
  • Mortgage rates are effectively negative in the Land of the Free
    By the late 200s AD, the economy of ancient Rome was in serious distress. There was hardly a single year during that entire century without some major crisis– civil war, barbarian invasion, plague, imperial assassination, political scandal, or economic depression. It was so bad, in fact, that historians refer to this period as the Crisis of the Third Century. And the Roman economy suffered immeasurably as a result of all the turmoil. In a desperate… Read more
  • The COVID-19 Gender Gap
    By Kristalina Georgieva, Stefania Fabrizio, Cheng Hoon Lim, and Marina M. Tavares عربي, 中文, Español, Français, 日本語, Português, Русский  The COVID-19 pandemic threatens to roll back gains in women’s economic opportunities, widening gender gaps that persist despite 30 years of progress. Well-designed policies to foster recovery can mitigate the negative effects of the crisis on women and prevent further setbacks for gender equality. What is good for women is ultimately good for addressing income inequality, economic… Read more
  • No surprise: silver is one of the best performing assets in world
    Sovereign Man is a little over 11 years old. And when we started this business, silver was worth $13 per ounce at the time. My philosophy then, just like today, is that precious metals hold their value over the long-term. But back then, there was one key indicator that told me an investment in silver could pay off fairly quickly. In 2009, silver was trading at a ratio of over 70:1 to gold, meaning 70+… Read more
  • Dominant Currencies and the Limits of Exchange Rate Flexibility
    By Gustavo Adler, Gita Gopinath and Carolina Osorio Buitron Faced with an unprecedented shock of collapsing global demand and commodity prices, capital outflows, major supply chain disruptions and a generalized drop in global trade, many emerging markets and developing economies’ (EMDEs) currencies have weakened sharply. Will these currency movements support the recovery of these economies? Building on a new dataset, research laid out in a new IMF Staff Discussion Note indicates that the short-term gains… Read more
  • Leaving tire marks on the road is now a hate crime
    Are you ready for this week’s absurdity? Here’s our Friday roll-up of the most ridiculous stories from around the world that are threats to your liberty, risks to your prosperity… and on occasion, inspiring poetic justice. Jail time in Colorado town for not wearing a mask Englewood, Colorado, a major suburb of Denver, has made it a crime to leave your home without wearing a mask. And ‘crime’ means crime. They’re not talking about a… Read more
  • The #1 destination for American expats is still very compelling
    I’m an immigrant. And I’ve been an immigrant for most of my adult life. Over the past 20+ years, I’ve lived in ten different countries across Asia, Latin America, and the Middle East, and I’ve spent far more time outside my native country (the United States) than in it. In most cases, whenever I moved to a new country I went through a formal process to obtain legal residency. Each time the process was straightforward,… Read more
  • What a surprise– there’s a mass exodus out of New York City!
    In the 1650s, European rivals like England and France were busy dividing up the New World in North America. France settled much of modern day Quebec in Canada, and England initially settled colonies in the mid-Atlantic. The English and French didn’t have much in common, and they were bitter rivals. But one thing they did agree on was their mutual hatred of Jewish people. This was part of a long tradition in Europe. Jews had… Read more
  • Dominica Has Changed the Investment Threshold for Family Applications under CBI Program
    Authorized agents promoting the citizenship by investment (CBI) program received an official letter from the Dominica Government about certain reduction of contributions and fees for family applications. Read more
  • It’s never too late to start
    By the summer of 1789, the people of France finally reached their breaking point. France was the largest, most powerful empire in the world at the time. But their economy had been in ruins for years. Unemployment was high. Inflation had spiraled out of control. And after a very tough winter, many people had starved to death. Violence, riots, and looting were a common occurrence, and Paris boiled in anger. On the morning of July… Read more
  • Portugese residence permit and real estate purchase with Migronis online service
    During the COVID-19 pandemic, Migronis increased remote operations. Our clients can draw up documents and make investment purchases without putting their health and life at risk while remaining in their own country. Even under quarantine and self-isolation! Migronis is already working on a number of online cases. The online process looks like this: Step 1. Contact a Migronis consultant, discuss your personal goals and objectives and select the right solutions for you. Step 2. Gather… Read more
  • Digest: St. Kitts & Nevis has reduced the cost of passports for investments / US threatens foreign students with F-1 and M-1 visas to be deported / Australian tax authorities contacted crypto investors with reminder letters
    Here are the latest developments in respect of migration programs. St. Kitts & Nevis has reduced the minimum contribution for investing families of four; students on F-1 and M-1 visas in US universities could be deported from the country, and if Cyprus and Russia are able to agree on tax treaty with favorable terms. Read more
  • St. Kitts & Nevis reduces the amount of contribution for investors with families under the Citizenship by Investment Program
    The exclusive offer with a competitive rate can be taken advantage of through the remainder of 2020 only. The Government of Saint Kitts and Nevis has significantly reduced amounts of contributions required to secure the country’s economic citizenship. The respective decision was taken due to the coronavirus pandemic. Special conditions are stipulated for families of four that apply for citizenship of the Federation of St Kitts and Nevis from July 03, 2020, onwards.  The Government’s… Read more
  • Basic arithmetic is now too offensive for the ‘cancel culture’
    Are you ready for this week’s absurdity? Here’s our Friday roll-up of the most ridiculous stories from around the world that are threats to your liberty, risks to your prosperity… and on occasion, inspiring poetic justice. 2 + 2 = imperialism Making its rounds on Twitter is a Tweet stating: “Nope the idea of 2 + 2 equalling 4 is cultural, and because of western imperialism/colonization, we think of it as the only way of… Read more
  • Federal Reserve: Everything is fine. Just like in 2008
    It’s nothing but rosy news coming from the Federal Reserve. Recently the Fed released this reassuring statement: “The banking system remains well-capitalized under even the harshest of these downside scenarios. . .” In other words, everything is just fine. Yet at the same time, the Fed also announced that it would impose restrictions on bank dividends and stock buybacks, essentially preventing banks from passing along their profits to shareholders. If those two statements strike you… Read more
  • My ridiculous saga to refuse free government PPP money
    A few months ago when the US government announced its ‘Paycheck Protection Program’ for small businesses, my first thought was, “This is going to be seriously abused.” PPP, as it’s called, was the crown jewel in Uncle Sam’s efforts to sprinkle trillions of dollars around the US economy; the idea was that the government would guarantee loans to small businesses… and they specifically wrote the legislation for the loans to NOT be paid back. Anyone… Read more
  • The problem with monuments. . .
    Well, we knew it was bound to happen sooner or later. Last week a handful of students at the University of Wisconsin-Madison called for a statue of Abraham Lincoln to be removed from the campus. Unlike other more ‘controversial’ Lincoln statues that portray him breaking the chains of slavery, this one simply shows Lincoln sitting in a chair. But it’s offensive, say the students. And they want it removed. As I wrote to you a… Read more
  • 1 million dead people received federal bailout checks
    Are you ready for this week’s absurdity? Here’s our Friday roll-up of the most ridiculous stories from around the world that are threats to your liberty, risks to your prosperity… and on occasion, inspiring poetic justice. A million dead people received stimulus checks totalling $1.4 billion In response to coronavirus lockdowns, a tanking economy, and millions out of work, the US government sent $1,200 stimulus checks to most Americans. Over 1.1 million of those checks… Read more
  • You should really start thinking about a second passport
    On September 3, 1838 Frederick Augustus Washington Bailey sat in a train car heading north out of Baltimore. Frederick would later recount how his heart pounded as he waited for the conductor to check his papers. As a black man in a southern slave state, Frederick had to prove he was legally allowed to travel north to the free states. But Frederick didn’t have “free papers” because he was still enslaved. Instead, he disguised himself… Read more
  • Great news from the most prosperous nation on earth
    By the mid-1990s, the economy of Zimbabwe was in serious trouble. The national government under its dictator Robert Mugabe had spent years confiscating private property– real estate, businesses, factories, bank deposits, etc.  And unsurprisingly, this had a disastrous effect on the economy. Productive citizens and talented entrepreneurs left Zimbabwe in droves– after all, who would want to keep operating under such awful conditions?  So within a few years, everything from food production to mining output… Read more
  • Under this new law, cryptocurrency could become illegal
    In early 1775, Benjamin Franklin and his European colleague, Charles Dumas, developed a secret method of communicating with each other. Dumas had spent years gathering intelligence in Europe to assist the Americans in their revolt against Britain. But the two needed a secure way to pass information across the Atlantic. So they developed a special cipher– a crude form of encryption where letters and words were substituted for numerals. The decryption key changed with every… Read more
  • The one statue that remains untouched: Vladimir Lenin
    Are you ready for this week’s absurdity? Here’s our Friday roll-up of the most ridiculous stories from around the world that are threats to your liberty, risks to your prosperity… and on occasion, inspiring poetic justice. Today we tackle the woke. NYC’s inspiring breakthrough in the science of contact tracing “Contact tracing” is a tactic whereby public health officials attempt to track where you’ve been, and who you’ve been in contact with, in their efforts… Read more
  • You don’t have a savings account. You have a dwindling account
    On April 5, 1933 everyone’s favorite fascist, President Franklin D. Roosevelt, signed an executive order which outlawed the private ownership of gold. To justify the seizure, FDR used wartime authorities under the “Trading with the Enemy Act of 1917”. The law was never repealed after World War One, so Roosevelt used it to declare a national banking emergency. Roosevelt’s order demanded that all Americans must surrender their gold to a Federal Reserve Bank by May… Read more
  • Your barber has more training than your police force
    Late in the evening of April 24, 1980, the US military launched a risky operation in the Middle East codenamed “Eagle Claw”. 52 American diplomats and government workers had been held hostage for nearly six months at the former US Embassy in Iran, and Jimmy Carter (then US President) had tasked the military with mounting a rescue. In military parlance, Eagle Claw was a “Charlie Foxtrot,” i.e. a complete debacle. Miscommunication, poorly maintained aircraft, and… Read more
  • Residence permit in Europe or citizenship in the Caribbean?
    When choosing where to immigrate, many wealthy foreigners have a choice: a residence permit in Europe or a second Caribbean passport. Each type of government programs has its advantages and disadvantages. Which is more preferable? According to Migronis experts, it all depends on the goals of the applicant. Let’s explore. Read more
  • Five places that should boom from the coming Covid migration
    Today’s the day. Across the Land of the Free, and much of the world, local governments are finally starting to allow businesses to re-open and employees to come back to the office. Offices in New York City opened this morning for the first time in months, after Comrade Mayor Bill de Blasio’s politburo finally approved the policy. The Republic of CHAZ, formerly known as Seattle, was approved for ‘Phase II reopening’ on Friday, both by… Read more
  • Another 8-year old ‘criminal mastermind’ arrested
    Are you ready for this week’s absurdity? Here’s our Friday roll-up of the most ridiculous stories from around the world that are threats to your liberty, risks to your prosperity… and on occasion, inspiring poetic justice. Eight year old boy arrested for asking if he could buy candy with fake money At a parade in Switzerland, fake money was thrown around for children to collect. The obviously fake cash is called “spirit money.” Featuring Chinese… Read more
  • One weird sign of trouble in the banking sector
    It was only a few generations ago that most people spent their entire lives within a few miles of where they were born. They grew up, lived, worked, and retired, all in the same place. And that was normal. Travel and relocation didn’t really become commonplace until after World War II. But even then, the most common reason people moved was because of a job. And it has remained that way for decades; people tend… Read more
  • It’s time to get rid of your $20 bills…
    On May 12, 1703, the Russian army under Peter the Great captured an important Swedish fort on the Baltic Sea called Nyenskans. It was a major victory for Peter in his war against the Swedish Empire. Russia was a rising power in the early 1700s, but Peter was in critical need of a Baltic seaport to be able to trade with the rest of Europe. The capture of Nyenskans was so important that Peter decided… Read more
  • Another “mob justice” #fail
    You probably know the story already: on Friday night, an intoxicated man in Atlanta got behind the wheel of a vehicle and drove to a local Wendy’s fast food restaurant. When he arrived, he passed out while still in the driver’s seat of his vehicle… which also happened to be smack dab in the middle of the Wendy’s drive-thru lane, so he was blocking the other customers. Wendy’s staff called the police… which seemed sensible… Read more
  • More examples of the Twitter mob taking over
    Every Friday we bring you some of the most ridiculous stories we found throughout the week that are threats to your liberty and prosperity. This week we are focused on “cancel culture” also known as mob-rule. Here’s how it is killing any remaining freedom of thought and discussion in our society. Mob punishes soccer player because of his wife’s Tweet Until last Friday, Aleksander Katai played professional soccer for the Los Angeles Galaxy. He was… Read more
  • Governments are offering Covid discounts… on citizenship
    If 2020 has taught us anything so far, it’s that anything is possible… even things that we previously believed to be unthinkable. Angry Twitter mobs can take over the country. Private property rights can be suspended. The entire economy can be shut down. And it can all happen in an instant. One day everything is normal. The next, poof. That’s why, as I discussed earlier this week, the need for a Plan B is now… Read more
  • Our new form of government: Rule by Twitter Mob
    In one of the starkest examples of how mob rule has taken over the Land of the Free, #defundthepolice is now rapidly moving from being just a hash tag, to becoming a reality. 9 out of the 12 members of the Minneapolis City Council (which is a veto-proof majority that can easily override the city’s boy mayor) pledged yesterday to completely dismantle its police department. Their reasoning? According to the city council president, being able… Read more
  • It should be obvious by now– it really makes sense to have a Plan B
    There are undoubtedly countless people right now who can hardly believe what they’ve been seeing over the past few months. Global pandemic, total economic shutdown, tens of millions of jobs lost, trillions of dollars of debt and money printing, and now, social unrest, including riots and looting, brought on by yet another harrowing murder at the hands of the police. A poll conducted by NBC News and the Wall Street Journal last week showed 80%… Read more
  • Some positive moments amid all the turmoil
    Look, things aren’t feeling so bright and cheery in the US right now. And the sad truth is that there are some tough times ahead. We usually bring you stories on Friday that are absurd or even infuriating. I’m sure you’ve seen enough of that this week. So we thought we’d share a few moments of character and integrity shown at protests across the US, which shined through all the tragedy. There are bad apples… Read more
  • It turns out you -can- spot a bad apple. You just can’t remove one
    So it turns out that Derek Chauvin, the former Minneapolis police officer who was filmed murdering George Floyd last week, had 17 different complaints of serious misconduct during his career. That puts him among the 10% worst offenders in the Minneapolis police department. The complaints vary from being named in a brutality lawsuit, to using demeaning, unprofessional language in public, to aiming his weapon at children. But Chauvin never got into any serious trouble. On… Read more
  • Profitable investment into an office space in Lisbon for the Golden Visa
    The investor’s profile: In the fall of 2019, a middle-aged businessman from Russia and his wife contacted Migronis for assistance in getting a Portuguese residence permit. The country was specified immediately and chosen at their own discretion, since they plan to move there and obtain passports. The client knows the advantage this European country offers – the Portugal citizenship can be applied 5 years after getting the residency status. OBJECTIVE: Getting the Golden Visa by investment,… Read more
  • “Nor tolerate those who do. . .”
    It’s been nearly two and a half decades since I was a brand new, freshly bald-headed cadet entering my first summer at West Point. Everything about it was agonizing. We operated on little sleep. The hazing never stopped. There were constant military and physical exercises. And it was only the beginning of four years of endless pressure and stress. In retrospect I can admit it was definitely a character-building experience. And I understand why they… Read more
  • Arsonist burns down church for breaking lockdown rules
    Are you ready for this week’s absurdity? Here’s our Friday roll-up of the most ridiculous stories from around the world that are threats to your liberty, risks to your prosperity… and on occasion, inspiring poetic justice. Church burnt down for ignoring lockdown rules “Bet you stay home now you hypokrits [sic],” read the misspelled graffiti outside of a burnt down church in Mississippi. That graffiti, of course, is suspected to have come from the unidentified… Read more
  • UK uses Feudal System law to seize £150 million from bank accounts
    During the summer of 1215 in a riverfront meadow near London, some of England’s top barons gathered to confront King John and force him to sign a contract guaranteeing their rights and freedoms. The contract became known as the Magna Carta. And one of its key provisions (#43) gave the Barons protection against something called ‘escheat’. In medieval times, ‘escheat’ referred to the property being forcibly passed to the King if its original owner died… Read more
  • How many companies are worth less than zero?
    By 1920, former New York Yankees outfielder George Halas’s baseball career was finished. Halas had only played 12 games as a professional when a hip injury abruptly ended his dream of making it big. Being a baseball player was all Halas really knew, and with his career finished, he had limited prospects. Eventually he was able to find steady work in Decateur, Illinois, a small town about 3 hours from Chicago, where he took a… Read more
  • The UN wants you to stop using these 14 “offensive” words
    Are you ready for this week’s absurdity? Here’s our Friday roll-up of the most ridiculous stories from around the world that are threats to your liberty, risks to your prosperity… and on occasion, inspiring poetic justice. The United Nations takes a page from 1984 with a list of offensive words According to the United Nations, the word “wife” is apparently offensive to some people. So is “husband”. Their reasoning? Those words are not gender-neutral. So… Read more
  • Social Security will run out of money in 2029 because of Covid
    The CDC’s National Center for Health Statistics released some alarming data earlier this week that surprisingly had absolutely nothing to do with Covid for a change. The report showed that the birthrate in the United States last year declined to its lowest level on record ever since the government began collecting data more than 110 years ago. This new record low birth rate breaks the previous record set in 2018, which broke the previous record… Read more
  • House Cats or Human Beings?
    One of the more flummoxing aspects about living in Puerto Rico is that the political leadership is a never-ending parade of highly corrupted, certifiable idiots. The latest Governoramus of Puerto Rico seems hellbent on destroying every remaining scrap of prosperity on this island, all in an effort to indulge her ego-maniacal God complex. Puerto Rico was one of the first places in the US to order a full lockdown, and it may very well be… Read more
  • Malta Golden Visa for €125,000
    Malta has the cheapest golden visa in Europe. We now offer Malta Golden visa for EUR 125,000 (all inclusive costs) through financing option. You can include spouse and two children in the same application. It is very important to remember Malta offers permanent resident (green card) status in the schengen area under this program It is not a real estate investment, instead you pay one time for the permanent residency valid indefinitely in the schengen… Read more
  • 5 Things EB-5 Solves for Hong Kong Residents
    The EB-5 visa is the best solution for those Hong Kong residents who have big capital and want to immigrate to the United States. It allows applicants to simply obtain permanent resident status and then citizenship. This program was created in 1990 but has really gained popularity in the last few years. In 2005, a total of 332 petitions on EB-5 were submitted to the Immigration Service. In 2012, the number of issued visas increased… Read more
  • Covid-19 forces citizenship by investment go online
    The Coronavirus (Covid-19) pandemic forces all citizenship by investment services go online. Do you know? You can also buy citizenship online without visiting the country. A comfort provided by citizenship by investment programs legally operating in 10 countries. This means you can buy a passport fully online from just the comfort of your home. This shopping idea was the foundations of Citizenship Shop, when launched our online portal in 2016. What changed?   All citizenship… Read more
  • List of Citizenship and Passport Indexes
    How many citizenship and passport indexes are there? A citizenship index measures the strength of citizenship while a passport index measures the strength of passport in terms of travel freedom. A passport is merely a travel document issued to citizens and both citizenship and passport should not be confused with each other. A citizenship on the other hand is a legal bond between citizen and the sovereign state, affords citizen rights, freedom, equality and legal protections… Read more
  • Top Citizenship By Investment Programs 2020
    Citizenship-by investment programs attract a number of high net worth individuals in developing nations, looking to add a second passport  in their investment portfolio. A second passport provides a greater mobility along with visa free travel freedom. The CBI passport market has turned into a $5 billion industry annually. Joachim Stern (2011) coined the term jus pecuniae for acquisition of citizenship through financial contributions and to describe the bureaucratic fees for citizenship applications. St Kitts introduced the first citizenship… Read more
  • Cyprus first for citizenship by investment in Europe
    Cyprus ranked as the best citizenship by investment program in Europe, taking the first spot among european countries for 2020. The rankings were published after evaluating 30 important factors that were important to clients interests and needs. Cyprus scored top points for Safety and crime rate World class Healthcare and education system and human development. Real estate investment availability EU citizenship and biometric passport Voting rights Travel freedom in terms of visa waivers Lifetime citizenship benefits… Read more
  • Luxembourg Investor Residence by Investment
    Luxembourg is one of the richest countries in the world in the heart of Europe. Luxembourg offers a golden visa scheme known as ‘investor residence’ to foreign investors, who can invest atleast half a million in the country. EU member country: since 1 January 1958 Currency: euro. Euro area member since 1 January 1999 Schengen: Schengen area member since 26 March 1995 Why Luxembourg? Peaceful, stable country in Europe Founding member of EU, OECD, UN and Benelux Luxembourg has… Read more
  • Fastest citizenship by investment passports
    Which is the fastest citizenship by investment passport program? We have some answers for you. In 2019, Vanuatu and Saint Lucia has significantly improved their application processing times. As of today, Vanuatu has the fastest passport for investment. Vanuatu approves all applications and issues passports within 1 month time. Most caribbean countries take 2 months of processing time as this time consumed by due diligence checks report received from service providers. Citizenship units cannot approve… 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
  • 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
  • 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
  • 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
  • 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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