News

  • Rejoice. The end of Banking is nigh.
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    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
  • China Deepens Global Finance Links as It Joins Benchmark Indexes
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    By Sally Chen, Dimitris Drakopoulos, and Rohit Goel 中文, 日本語 China is embarking on the next stage of its integration into global financial markets. It is a stage that is likely to see a fresh flood of overseas investment, improved liquidity, better governance, and a broader range of instruments. The catalyst: inclusion of Chinese stocks and bonds in a larger number of global financial-market indexes. As Chinese securities are added, investment managers who seek to… Read more
  • David Chen Says IMC’s Work is “Extremely Important” and Hopes More Chinese Firms Join
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    Christian NesheimEditor  China accounts for about two-thirds of the global investment migration market, and make up a majority of applicants in virtually every European residence by investment program. The country is also home to many of the world’s largest investment migration companies. See also: China’s 11 Largest Investment Migration Agencies in 2019 Yet, only a handful of China-based firms are members of the IMC, the industry association that advocates for the embattled industry among European… Read more
  • A Global Picture of Public Wealth
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    By Jason Harris, Abdelhak Senhadji, and Alexander F. Tieman Español, Português Our new data on government assets shows that when governments know what they own, they can make better use of the assets for the well-being of all their citizens.  We make these data free and publicly available for all to use because we believe transparency can help create better public policy.  The chart shows that advanced economies have larger balance sheets compared to emerging markets… Read more
  • The First CIP Due Diligence Index Ranks Malta IIP 1st, Jordan CIP Last
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    Christian NesheimEditor  The residence and citizenship by investment industry has never been short on indices. At last count, there are at least eight passport/citizenship rankings and another three that rate CBI programs. Although all three CBI indices include due diligence as a component in their ranking of programs, the DD score at which they arrived for each CIP is rarely discussed at length. Last week, Chetcuti Cauchi Advocates, an international law firm that specializes in… Read more
  • Thomas Anthony’s Tenure at Grenada CIU to End in August After One Year at the Helm
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    Christian NesheimEditor  Thomas Anthony, who has headed the Grenada Citizenship by Investment Unit (CIU) since September 1st last year, will not be renewing his one-year contract when it expires on August 31st. Anthony confirmed as much in a message to IMI’s editor but did not at present wish to publicly comment on the reasons for his departure. During Anthony’s term, the Grenada Citizenship by Investment Programme has undergone a series of broad policy enhancements, including:… Read more
  • State Ownership in Europe’s Former Socialist States: The Unfinished Reform Agenda
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    By Poul Thomsen As we approach the 30th anniversary of the fall of the Berlin Wall, the former socialist countries of Central, Eastern, and Southeastern Europe (CESEE) have made tremendous progress in becoming full-fledged market economies and raising income levels. Large-scale privatization in the 1990s was a key element of this transition but produced mixed results. In some cases, privatization generated broad-based ownership and healthy competition, while in some other countries, privatization did not advance… Read more
  • Celebrating 10 years from the oldest hotel in the world
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    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
  • Chinese Have Spent NZ$3.8 Billion on New Zealand Investor Visas Over Last Decade
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    Christian NesheimEditor  New Zealand’s two investor visa categories have raised close to NZ$6 billion since 2008, two-thirds of which from Chinese applicants. But Kiwi authorities have also left NZ$2.7 billion on the table due to their sky-high rejection rates. !function(){"use strict";window.addEventListener("message",function(a){if(void 0!==a.data["datawrapper-height"])for(var e in a.data["datawrapper-height"]){var t=document.getElementById("datawrapper-chart-"+e)||document.querySelector("iframe[src*='"+e+"']");t&&(t.style.height=a.data["datawrapper-height"][e]+"px")}})}(); !function(){"use strict";window.addEventListener("message",function(a){if(void 0!==a.data["datawrapper-height"])for(var e in a.data["datawrapper-height"]){var t=document.getElementById("datawrapper-chart-"+e)||document.querySelector("iframe[src*='"+e+"']");t&&(t.style.height=a.data["datawrapper-height"][e]+"px")}})}(); With one calendar month left in New Zealand’s fiscal year, the country’s two investor visas have attracted capital injections worth some NZ$… Read more
  • Making the Euro Area More Resilient Before the Next Recession Hits
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    By Shekhar Aiyar, John Bluedorn, and Romain Duval Español, Français, Português Growth in the euro area rebounded earlier this year, but it remains fragile, while risks have increased. Now is a good time for euro area economies to strengthen their ability to weather any future economic difficulties. A new IMF staff paper looks at the resilience of euro area countries and finds that they have had more frequent and severe recessions than other advanced economies… Read more
  • Moldova’s New Governing Coalition Causes Uncertainty About CIP’s Future
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    Christian NesheimEditor  Following the election in February, which resulted in a hung parliament, Moldova’s political factions have been unable to form a government. Three main factions – the Socialists, the Democrats, and the ACUM-bloc (consisting of parties DA and PAS) had been negotiating among themselves to form a government since March 9th, the day the Constitutional Court recognized the election results. The constitution stipulates that Parliament has “three months” to form a government from the… Read more
  • Whatever Happens After Brexit, Irish Passports Will Have a Unique Advantage
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    Marie Ekberg PadillaEditor-in-Chief, Uglobal.com   In a post-Brexit world, Ireland’s newly affirmed agreements with the UK will maintain close ties between the two countries and give the Irish passport an unusual place in the RCBI landscape. While Brexit causes an unclear political and economic relationship between Britain and the EU, one area that remains strong for now is the tie between Ireland and the UK. The UK and the EU recently entered into a memorandum… Read more
  • Carlyle Rogers: CBI Has No Place in the Current Geopolitical Debate on Immigration
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    Carlyle RogersDubai/Anguilla  The place of the CBI industry in the current geopolitical debate surrounding immigration To say that immigration is the driving force behind the current turmoil facing Western democracies is to acknowledge the obvious and make the understatement of the decade. The subject is to the rise of Donald Trump in the US, the advent of Brexit, and the growing populist movements in other parts of Europe, what water is to the existence of life… Read more
  • Four insane data privacy scandals, just from this month
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    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
  • 645 Investors and 2,042 Family Members Received Greek Golden Visas in First Half of 2019
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    Christian NesheimEditor  Recent figures from Enterprise Greece reveal that, in the first half of 2019, the Greek Golden Visa approved 645 main applicants and 2,042 dependents. On an annualized basis, this equates to an 8% drop in main applicant approvals, but a 35% increase when including dependents, indicating that average family size is growing prodigiously. !function(){"use strict";window.addEventListener("message",function(a){if(void 0!==a.data["datawrapper-height"])for(var e in a.data["datawrapper-height"]){var t=document.getElementById("datawrapper-chart-"+e)||document.querySelector("iframe[src*='"+e+"']");t&&(t.style.height=a.data["datawrapper-height"][e]+"px")}})}(); Overall, since the start in 2013, 4,537 main applicants and 8,774 of their… Read more
  • The Problem With Offering Passports in Country X as a Perk For Home Buyers in Country Y
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    Christian NesheimEditor  Opinion of the editor On Wednesday, the Daily Mail – a British newspaper not primarily known for its nuanced approach to journalism – carried an exposé on a Dubai-based developer that offered Moldovan citizenship as a bonus for those who purchased luxury residences in its “Heart of Europe” development, part of Dubai’s artificial “The World” archipelago. Couched in terms familiar to investment migration professionals weary of reading the mainstream media’s inaccurate and oversimplified… Read more
  • Meanwhile, over on Planet Japan
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    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
  • To Reduce Inequality, Employ Young People
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    Burcu Hacibedel and Priscilla Muthoora Español, Português Rising economic growth has reduced inequality in low-income and emerging market countries over the years. In good economic times, young people working helps reduce inequality in both groups of countries. But when growth slows down and jobs are lost, more young people out of work in low-income countries leads to a rise in inequality.  In emerging markets, the story is a bit different and we’ll explain why. The… Read more
  • UK Tier 1 Investor Visa Reform: “Not Much Has Really Changed,” Says Yazdi
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    Christian NesheimEditor  During an interview with IMI at the Investment Migration Forum in Geneva last week, head of Investor Visa at Shard Capital, Farzin Yazdi, said confusion regarding the UK Tier 1 program’s recent reforms had led to a surge in applications but that practical consequences for investors are limited. See also: The UK’s New Startup and Innovator Visas: A Detailed Explanation of How They Work Following the reform, which came into effect on March… Read more
  • As Hong Kong refuses to bend the knee…
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    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.
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    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…
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    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
  • Chart of the WeekKeeping the Wheels of Commerce Turning
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    By IMFBlog The tariff disputes roiling markets are a reminder that the global system of free trade, which has delivered so much prosperity, is a fragile one. We all know what happened in the 1930s, when trade wars only served to deepen the misery inflicted by the Great Depression. That is why, after World War II, countries agreed to gradually reduce tariffs. But many continued to restrict flows of goods across borders in other ways… Read more
  • Local government seized countless children based on falsified drug test results
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    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
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    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
  • Chart of the WeekThe Rise of Powerful Companies
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    By IMFBlog People are concerned that the rising power of big successful companies could lower capital investment, weaken productivity, and reduce people’s take-home pay. While rising corporate market power has had a fairly limited negative economic impact so far, if left unchecked, it could take a bigger toll on growth and people’s income. Our Chart of the Week from the April World Economic Outlook analyzes nearly 1 million companies from 27 advanced and emerging market… Read more
  • What I’ve learned being an ‘insider’
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    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
  • How to Help, Not Hinder Global Growth
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    By Christine Lagarde عربي, 中文, Español, Français, Português, 日本語, Русский As the G-20 finance ministers and central bank governors gather this week in Fukuoka, they can take inspiration from their host city. Known as Japan’s “startup city,” Fukuoka has flourished in recent decades by embracing trade, innovation, and openness. That spirit is needed more than ever to help reduce trade tensions and clear other stumbling blocks on the way back to higher and more sustainable growth.… Read more
  • My bank in Denmark just offered me a NEGATIVE rate of interest to borrow money
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    [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”
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    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
  • Keynes, the IMF, and the Future
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    By Gita Bhatt If Lord Keynes, who helped usher in the post–World War II economic order at the Bretton Woods conference, visited the IMF today, he would be astonished at the institution’s evolution. He would find a modern IMF able to help countries with new tools for analyzing financial risks and external imbalances and take on income inequality, corruption, and climate change. He would marvel at our universal membership, diverse staff, and female head. He would also… Read more
  • Here is how your startup can access millions in investment funding
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    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%
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    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
  • Chart of the WeekCorruption and Your Money
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    By IMFBlog The costs of corruption run deep. Your taxpayer dollars are lost in different ways, siphoned off from schools, roads, and hospitals to line the pockets of people up to no good. Equally damaging is the way it corrodes the government’s ability to help grow the economy in a way that benefits all citizens. And no country is immune to corruption. Our Chart of the Week from the Fiscal Monitor analyzes more than 180 countries and… Read more
  • How to get an education that empowers you for life
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    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
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    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?
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    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
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    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
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    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…
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    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
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    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
  • Central banks are buying gold at the fastest pace in six years
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    Earlier this month the World Gold Council published its quarterly report– and it shows that central banks and foreign governments from around the world are buying up gold at their fastest pace in six years. This is pretty big news, and it says a LOT about the future of the dollar. Remember, central banks and foreign governments hold literally TRILLIONS of dollars of reserves… and traditionally they do this by buying US government debt. It… Read more
  • AOC and Bernie Sanders hate this tax incentive
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    At the Sun Valley investment conference in mid-1999, Warren Buffett made a rare prediction about the stock market. 1999 was THE top of the dot-com craze. And Buffett saw countless companies going public, attracting billions of dollars of investor capital, despite being UNPROFITABLE and having NO business plan to EVER make money, ever. This made absolutely no sense to him, and Buffett warned that the technology bubble was about to pop. In normal times, every… 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
  • More ridiculous Civil Asset Forfeiture shenanigans
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    Each Friday we highlight a number of important, and often bizarre stories from around the world that my team and I are closely following: Chicago police run a vehicle impound racket Imagine dropping your car off at the local mechanic because you need to get your engine tuned up. A few days later you come back to pick up your car, only to find out that it has been impounded by the police. That’s what… Read more
  • Here’s a lesson from the 108,000 millionaires who left their home countries last year
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    According to a recent report from Bloomberg, more than 108,000 millionaires left their home countries last year in search of greener pastures. Most emigrated from countries like China and Russia… no surprise there. India also saw a large outflow of millionaires as tax authorities tightened their grip. And Turkey continues to see an exodus, in the wake of strong-man President Erdogan. But Western countries like France and England also lost boat loads (or planes full)… Read more
  • The surprising reason you might qualify for citizenship in these five countries
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    In the year 1492, at a port city about 50 miles south of where Columbus was preparing to set sail for the New World, Spanish Jews were desperately scrambling to flee Spain. King Ferdinand and Queen Isabella gave all Jewish Spaniards just four months notice to leave the country, convert to Christianity, or die. They were called Sephardic Jews (Sephardic is Hebrew for Spanish), and they were forced to sell their properties and businesses. With… Read more
  • Yet another reason to slash your taxes to zero
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    I’ve long been vocal about my belief that if you have a problem with your government, you should vote. But not vote in the traditional sense, i.e. stand in line at a polling station and be forced to choose between the lesser of two evils… or perhaps more appropriately, the evil of two lessers. Traditional voting is a demeaning and pointless activity. In most cases your vote doesn’t really matter; national elections are typically decided… Read more
  • Ireland tops Golden visa rankings with best citizenship in the World
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    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
  • Green Revolution: Washington State to allow composting of human beings
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    Each Friday we highlight a number of important, and often bizarre stories from around the world that my team and I are closely following: 1. Washington State will allow human body composting It doesn’t get much greener than this. Staking his presidential run on climate change, the Governor of Washington is set to sign a bill legalizing composting of deceased humans. An especially high percentage of the deceased in Washington are cremated, so this alternative… Read more
  • Social Security will cross another dangerous milestone next year
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    In the year 1890, according to census records, my great-great-grandfather was spending the final years of his life living with one of his children on a farm in Choctaw County, Oklahoma. I’ve spent most of the last twenty years doing some hardcore research into my family history– and I’ve identified records going all the way back to 1250 in England. And one common theme that I’ve noticed: when people reached a certain age, they almost… Read more
  • This is one of the best countries in the world to have your child
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    Most of us have only very few opportunities to do something that has a true lifelong impact on someone else. One of these opportunities is to do something for your children that will pay dividends for a lifetime in the form of freedom, choices, and safety. And that gift is a second passport. A passport from a foreign country gives you the right to live, work, invest, bank and thrive there. And it serves as… Read more
  • This asset class has maintained its value for thousands of years
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    At the peak of its power in 1350 BC, thousands of years ago, ancient Egypt was like nothing ever seen before. The great Kingdom was thriving under an efficient system of agricultural production and trade with foreign nations. Egyptians had learned to adapt to the natural irrigation of the Nile river to produce surpluses of food, which supported a larger population, trade specialization and social and cultural development. Mineral exploitation in the surrounding areas gave… Read more
  • How to buy a gorgeous property in Europe for 50% off
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    When Hugh Hefner finally sold one of the most famous homes in the world back in 2016– the Playboy Mansion– the market was a bit slow. And Hefner had to settle for about half of his original $200 million asking price. But in exchange, the then-90-year-old got a sweet deal: He didn’t have to move out. The buyer would only take possession of the property once Hefner passed away. A similar deal took place between… Read more
  • This is a rare win-win offer from the government that won’t last long
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    I’m not used to seeing the government offer taxpayers a win-win. But a little known provision snuck into Trump’s 2017 tax reform law is possibly the best tax-advantaged investment strategy offered in decades. And it will help some of the poorest areas of the US too. It’s the brainchild of Sean Parker, the founder of Napster and the first major investor in Facebook. Traveling in Tanzania, he realized none of the $2 billion worth of… Read more
  • Here’s an easy way to tell if your bank is actually safe
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    March 15, 2013 was a pretty normal day in Cyprus. It was a Friday, and most people were looking forward to a relaxing weekend. The next morning the entire nation woke up in horror. Their politicians had been up all night, negotiating with international lenders to provide an emergency loan to the country, and its banks. It turned out that the banks in Cyprus were all insolvent; just like banks in the United States during… Read more
  • Just released: Social Security earned a pitiful 2.8% on your money last year
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    Hot off the presses: The Board of Trustees for the Social Security and Medicare programs in the United States just released their annual report a few minutes ago. And if you want to read all of its gory detail, check it out for yourself here. Both of these programs are massively and terminally underfunded. And not by a little bit. The Board of Trustees itself calculates Social Security’s long-term shortfall at a mind boggling $43+… Read more
  • Are you descended from the Visigoths? Get ready to pay up!
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    Each Friday we highlight a number of important, and often bizarre stories from around the world that my team and I are closely following: Cory Booker introduces reparations bill Get ready for a slippery slope, because because Cory Booker just introduced a reparations bill in Congress. The 2020 Presidential contender said, “this bill is a way of addressing head-on the persistence of racism, white supremacy, and implicit racial bias in our country… and propose solutions… Read more
  • Netflix’s unbelievable cash burn just got 60% worse
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    If you’re a big fan of shows like Narcos, Stranger Things, House of Cards, or Orange is the New Black, you might want to think about sending a fruit basket to anyone you know who is a Netflix shareholder. Netflix reported its quarterly earnings again yesterday afternoon. And, as expected, the company is losing a metric truckload. According to its own financial statements, Netflix burned nearly half a billion dollars in the last quarter. That’s… Read more
  • Astonishing opportunities in one of the oldest cities in the world
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    By the time Alexander the Great and his Macedonian army conquered the city of Samarkand in 329 BC, the city had already existed for centuries. Samarkand had been a prominent, vibrant regional capital in the Persian Empire prior to the Macedonians’ arrival. And under Alexander the city flourished even more. He declared it one of the most majestic places he had ever been, and the city served as a critical outpost for his conquests in… Read more
  • Even Elizabeth Warren is maximizing her tax deductions
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    On September 11, 1791, sixteen men disguised themselves as women and waited patiently in a forest outside of Pittsburgh, Pennsylvania for the local tax collector. The tax collector’s name was Robert Johnson. And he was tasked with collecting the new Whiskey Tax that had recently been signed into law. This was -very- early in US history; the Constitution had only been ratified two years earlier, and George Washington was barely into his first term as… 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
  • Elizabeth Warren wants to end “beyond a reasonable doubt” for criminal convictions
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    Each Friday we highlight a number of important, and often bizarre stories from around the world that my team and I are closely following: Elizabeth Warren wants to destroy centuries of legal standards To take your freedom requires more evidence than to take your money. For now. Criminal convictions depend on the accused being guilty beyond all reasonable doubt. Civil convictions depend only on a preponderance of evidence pointing to guilt. But Senator Elizabeth Warren… Read more
  • How to take advantage of the best tax deal ever, before it’s too late
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    You’ve heard me mention Puerto Rico’s amazing tax incentives about a million times by now. Here I am, living in a beautiful place that’s part of the United States… yet I pay ZERO US federal income tax, only a 4% corporate tax for my businesses and ZERO capital gains and dividends tax. And this is all perfectly legal. I’m still a US citizen, but I’m not hiding out from the IRS, nefariously dodging Uncle Sam’s… Read more
  • 104: Taking matters into your own hands
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    Last week in its annual report, the US government reported that Social Security’s long-term, unfunded liability now exceeds $50 TRILLION. Moreover, they state that the Social Security and Medicare trust funds will run out of money in 2034. This is the government’s own calculation. Bottom line: The younger you are, the less you should count on Social Security in your retirement plans. You must take matters into your own hands and save independently for retirement.… Read more
  • New York City just went from Dumb to Dumber…
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    A few months ago, I wrote to you about how New York City wants to tax people who own second homes there. They call it a pied-a-terre tax, and the geniuses behind it believe that it will help plug the city’s $1 billion budget shortfall. Bill de Blasio himself, the mayor of New York City, has voiced his enthusiasm in soaking the rich. Hedge fund manager Ken Griffin became one of the primary victims of… Read more
  • Four ways that Uncle Sam will respond to its $75 trillion insolvency
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    Last week I told you that the US government recently reported a negative net worth of MINUS $75 TRILLION. That’s not a type-o. According to the Treasury Department’s annual financial report for Fiscal Year 2018 (which they just published last week), the US government is hopelessly bankrupt. Now, I’m not talking about this trying to stoke fear and panic. Quite the opposite– I’m hoping that this conversation results in calm optimism. But the point is… Read more
  • The latest Social Justice absurdity…
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    Each Friday we highlight a number of important, and often bizarre stories from around the world that my team and I are closely following: What age do you identify as? It happens way too often here at Sovereign Man… we joke around about the next outlandish demands of Social Justice Warriors. And then it happens. This time the Journal of Medical Ethics published a paper arguing that if you don’t feel your “chronological” age, you… Read more
  • US government’s net worth is now NEGATIVE $75 TRILLION
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    Usually around the middle of February each year, the US Treasury Department releases an annual report of the federal government’s financial condition. It’s called the Financial Report of the US Government… and it looks a lot like an annual report that you might see filed by a big company like Apple or Facebook. Except that, unlike Apple and Facebook, the US government’s annual report is absolutely gruesome. This year’s report is no exception, save for… Read more
  • 25% of Millennials no longer having sex due to financial problems
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    My grandfather was just a toddler when soldiers came home from World War One in 1918. They brought the deadly Spanish Flu with them, which killed well over 50 million worldwide. As a young adult, my grandfather struggled through the Great Depression with the rest of the world. And just as things started looking up, World War II broke out. Lucky for me, he survived it all. After the war, my grandfather took a job… Read more
  • Here’s why the Federal Reserve rejected the safest bank in America
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    In the spring of 1692, an energetic young Scotsman named John Campbell started a new business in central London. Campbell was a goldsmith, and his business sold jewelry and other crafted metals like plates and silverware. But Campbell’s new company had another business line as well: banking. And the company he started eventually became Coutts & Co., a bank that still exists today in the UK. Since the dawn of the Bronze Age thousands of… Read more
  • SWAT team seizes children because their parents disagreed with a doctor
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    Today we’re continuing our new weekly feature, where each Friday we highlight a number of often bizarre stories from around the world that we’re closely following. Texas tries to pass a law to legalize lemonade stands run by children When it comes to business, this story pretty much sums up how far the Land of the Free has fallen from its free-wheeling economic golden age. We’ve covered a number of stories over the years of… 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
  • If Donald Trump is the King of Debt, these guys were the Kings of Inflation
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    Maximilian Bern had saved up 100,000 German marks for what should have been a modest, but comfortable retirement. But in 1923, he withdrew every last cent, and spent it all on one purchase: a subway ticket. He rode around his city one last time before returning home, and locking himself in his home, where he died. He didn’t kill himself. He starved to death… simply because he could no longer afford food. A single egg… Read more
  • What AOC and Bernie Sanders don’t understand about ‘Free Education’
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    Bernie Sanders believes that FREE university education a “right, not a privilege.” His fellow Bolshevik, Alexandria Ocasio-Cortez, also believes that tuition-free university “forms the basis of human dignity” and should be provided for free by any “moral society.” They aren’t alone in holding these beliefs. A recent survey conducted by CNBC shows that 60% of Americans support free university. But what most of these people fail to realize is that there’s an enormous difference between… 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
  • New UK investor visa rules from 29 March 2019
    The UK Home Office announced significant changes to the UK Immigration Rules which include updates to both Tier 1 Entrepreneur and Tier 1 Investor visa categories.   The new rules come into effect on 29 March 2019.   The Tier 1 (Graduate Entrepreneur) and Tier 1 (Entrepreneur) categories are being replaced by the new Start-Up and Innovator categories. Applicants will be required to have an endorsement by UK trusted bodies. The investment requirement is much… Read more
  • Three steps to successfully invest in real estate
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    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
  • Best Golden Visa Rankings 2019
    The Golden visa schemes today runs in over 20 countries worldwide with US and Canada running the oldest in the world since 1990’s leading from the front.   The golden visa attract some $10 billion annually   We designed a Points based scoring (PBS) model to rank golden visa schemes evaluating 10 most important factors.  Our model has taken into account the ten most important factors assigning a total of 100 points to rank a… Read more
  • Top 10 countries for HNWIs wealth inflows in 2017
      Global wealth migration is accelerating. Approximately 95,000 millionaires (HNWIs) migrated in 2017, compared to 82,000 in 2016 and 64,000 in 2015.     The following countries experienced the biggest wealth inflows in 2017.     2017 HNWI inflows Australia 10000 USA 9000 Canada 5000 UAE 5000 Caribbean 3000 Israel 2000 Switzerland 2000 New Zealand 1000 Singapore 1000     A number of high net worth investors have invested in golden visa and citizenship by… 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 coinbase.com and coingeek.com, 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
  • Antigua and Barbuda CBI program now accepts cryptocurrency and euro
    The Parliament of Antigua and Barbuda has amended its Citizenship by Investment Act. According to the latest changes, it is now possible to make both euro and cryptocurrency investments. According to Prime Minister Gaston Browne, the innovations are aimed at granting more opportunities for foreign investors and helping Caribbean banks breathe more freely.   Read more
  • MIGRONIS launches the “second citizenship for cryptocurrency” project with BANKEX
      MIGRONIS CITIZENSHIP, in association with the BANKEX, the platform that can transform different asset classes to a digital system providing it with liquidity and safety, and in cooperation with the Designated Agency of Vanuatu, has launched a new service which allows persons applying for the Vanuatu citizenship-by-investment program to make the required investment for citizenship via cryptocurrency (Bitcoin or Ether). Professionals from different companies and countries were involved in the project that designed and… Read more
  • Cyprus citizenship by investment in real estate: Detailed answers to frequently asked questions
    The citizenship of Cyprus has been granted to more than 2,000 foreign investors. Since 2013, over €4,000,000,000 have been contributed to the economy of Cyprus via citizenship by investment program. The information was provided by the Ministry of Finance of Cyprus in April 2017. The program’s popularity keeps growing, and considering the introduction of a quota regarding the number of program participants starting from 2018 (700 applications annually), the demand in the country citizenship by… Read more
  • Cyprus passport by investment: Amathus Hills complex — invest in real estate with guaranteed profitability
    In 2017, 260 luxury real estate objects worth at least €1,500,000 were sold in the territory of Cyprus. This is the official information provided in the report ‘Cyprus Real Estate Market Year in Review | 2017’ by the experts of the Cypriot branch of the international company PwC Cyprus. It is the highest figure recorded in the past years: in 2016, 179 premium class property deals were closed, in 2015 — 89. Such successful results… Read more
  • 5 Myths About Hedge funds
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    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
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    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
  • Why Now Is The Perfect Time To Invest In Antigua Real Estate
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      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
  • Wealth Preservation: A Multiple Citizenship Strategy
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      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
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      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
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      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
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      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
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      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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