• This is a rare win-win offer from the government that won’t last long
    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
  • Every Day is Earth Day
    By IMFBlog IMF Managing Director Christine Lagarde had a one-on-one conversation with Sir David Attenborough, the preeminent global broadcaster, during the April IMF-World Bank Spring Meetings on the environment and life on earth. The conversation explored more specifically the interplay and spillovers between the natural world and the economic and financial world. Attenborough recommended treating the natural world in a manner similar to the economic one—guarding nature’s capital, so profits from it could continue into… Read more
  • Conspiracies and Foul Play – In Candid Letter, HK Lawyer Answers Long-Standing Questions on Vanuatu Citizenship
    Martin D. FairbairnHong Kong  Disclaimer: Investment Migration Insider cannot, and does not, vouch for the veracity of the claims herein made. The contents in the below article are the views of its author and do not necessarily represent those of Investment Migration Insider. Any and all questions, counterclaims, or objections regarding this article’s contents should be addressed to its author. Dear Christian, Re: 3 Crucial Questions for the Vanuatu Citizenship Commission It is very unlikely… Read more
  • Harvey Law Takes Golden Visas Off Shelf, Turns Focus to Startup/Entrepreneur Programs
    Christian NesheimEditor  Harvey Law Group’s global managing partner, Jean-François Harvey, tells IMI his firm is phasing out of the golden visa market, opting instead to focus on startup and entrepreneur visas, a category of immigration that, he points out, adds more value to the destination economy – and his firm. Firms can “phase out” golden visas too “We’re going to phase out totally from golden visa offers and to concentrate on startup visas. Portugal, France,… Read more
  • 21 Citizenships Issued Under Jordan CIP, But Half of Applicants Rejected
    Christian NesheimEditor  Jordan has granted 21 citizenships in exchange for investment since 2018 – mostly to Syrian and Iraqi applicants – but the rejection rate remains remarkably high. Speaking to the Jordan Times on Sunday, Minister of State for Investment Affairs, Muhammad Shehadeh, confirmed that the country’s Investment Commission – the unit responsible for processing CIP-applications – had received some 200 applications since the program’s launch in 2018. Of these, about half had met the… Read more
  • Here’s an easy way to tell if your bank is actually safe
    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
  • Chart of The WeekExpanding Trade Across The Maghreb
    By Ramzy Al Amine, Jean-François Dauphin, and Alexei Kireyev In 1989, the five Maghreb countries—Algeria, Libya, Mauritania, Morocco and Tunisia—established the Arab Maghreb Union to promote cooperation and economic integration. Thirty years later, there is still a largely untapped potential for regional trade among Maghreb countries. This matters more than ever as all Maghreb countries need to create jobs for their young and growing populations. Accelerating regional integration would raise growth, create jobs, and provide… Read more
  • Brookes: The Ticking Time Bomb of CBI Real Estate – Investors Have No Clear Exit Strategy
    Gareth BrookesBrookes & Partners  Let me start by asking you a candid question: Would you consider investing in a hotel shareholder scheme, the resale value of which is dependent on unpredictable regulators, situated in a country you have never visited and are never likely to visit? This is the question I pose to any of our clients that ask our honest opinion on CBI projects in the Caribbean if they haven’t already themselves come to… Read more
  • Just released: Social Security earned a pitiful 2.8% on your money last year
    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
  • Paul Girodo: Golden Visas May Be On Their Way Out – Here’s What Will Replace Them
    Paul GirodoEmpowered Startups  The clock is ticking. By this time next year, according to the popular press, EU golden visa programs will have changed so much that they will have effectively ended. But exciting new programs are coming online to replace them. As Dr. Hussain Farooq noted in his recent analysis, this end isn’t unexpected – all good things come to an end. The rate of decay, however, is faster than expected. The European Commission… Read more
  • 3 Crucial Questions the Vanuatu Citizenship Commission Needs to Answer – Yesterday
    Christian NesheimEditor  Why do you have two programs with different prices? Are the citizenships honorary or not? And who is Jimmy from Hong Kong? Out of all the formal citizenship by investment programs, we have found obtaining accurate and timely information on that of Vanuatu to be the most challenging. This, perhaps, has to do with its remoteness. Those with working experience in the country often describe it as a carefree place, far removed from… Read more
  • The UK’s New Startup and Innovator Visas: A Detailed Explanation of How They Work
    Saadiya SaadatManaging Director, Secondpass Global  The Home Office is discontinuing the UK’s Tier 1 Entrepreneur Visa, and replacing it with two new visa categories. Saadiya Saadat elaborates. Effective March 29th, 2019, the UK Government discontinued UK Tier 1 Entrepreneur Visa category, replacing it with the “Startup Visa” and “Innovator Visa” categories. Even by mid-April, as I write this article, information in the market about the new program’s details are mixed, and somewhat unclear. The below… Read more
  • Are you descended from the Visigoths? Get ready to pay up!
    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
  • Laszlo Kiss: Portuguese Foreign Minister’s Statement Does Not Bode Well For Golden Visa Route to Citizenship
    Laszlo KissDiscus Holdings  Over the last 5-6 years, it has become increasingly common among residence by investment professionals to employ the “after x years you can apply for citizenship” phrase during their client consultations. If we disregard the fact that it is a meaningless statement – you can apply for citizenship any time you want, even after one day of residency, but with no chances of approval, of course – it remains a good marketing… Read more
  • Financing for Sustainable Development: Tackling Big Challenges
    By Chris Lane Español, Français (French) Without adequate financing, the best intentions of the global community expressed in the Sustainable Development Goals (SDGs) will remain beyond reach. Recent setbacks in financing for development should therefore focus policymakers’ attention on the need for decisive national strategies so these best intentions might be realized. Harnessing the necessary resources could be achieved through a combination of revenue mobilization, attracting private finance, and supporting financial sector development. Policy makers… Read more
  • Property Sales to Foreigners in Turkey Surge 92% in 2019, Bolstered by Citizenship Program, VAT-Exemption
    Apex Consultancy & Trading GroupSponsor The booming trend of foreign investment in Turkish real estate continues. Figures for 2018 show a 78.4% increase on 2017, with 39,663 properties sold to foreigners, compared to 22,234 in 2017. The Turkish Statistical Institute (Turkstat) shows that property sales to foreigners in February 2019 increased by a whopping 92.1% compared to the same month of the previous year. To put these figures into perspective, the global CIP industry accounted… Read more
  • Industry Largely Welcomes Grenada CIP’s 20% Equity Rule, But Not Everyone is Happy
    Christian NesheimEditor  While prominent industry commentators laud the introduction of a skin-in-the-game requirement, some Grenadian developers say the government’s definition of “skin” puts them at a distinct disadvantage. Show me the money New regulations for the Grenada Citizenship by Investment Programme stipulate that CBI-real estate developers must have a 20% equity stake in their projects to obtain approval under the New Price Option. Developers who can’t demonstrate that they’ve covered a fifth of construction costs… Read more
  • Netflix’s unbelievable cash burn just got 60% worse
    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
    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
    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
    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
    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
  • The IMF 30 Years After Brady
    By Rhoda Weeks-Brown and Martin Mühleisen Español Last month marked the 30th anniversary of the announcement of the “Brady plan”. In response to the 1980s Latin American debt crisis, this plan, named after then US Treasury Secretary Nicholas Brady, allowed countries to exchange their commercial bank loans for bonds backed by US Treasuries, bringing an end to a tumultuous period with possible systemic consequences for the global banking system at the time. In what was… Read more
  • 104: Taking matters into your own hands
    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
  • High Debt Hampers Countries’ Response to a Fast-Changing Global Economy
    By Vitor Gaspar, John Ralyea, and Elif Ture عربي, 中文, Español, Français, 日本語, Português, Русский Economic growth is slowing and public debt remains high across the world. Meanwhile, demographic changes and technological advances are reshaping the global economy. Everyone’s opportunities for a good education, along with their job prospects, healthcare, and retirement income depend on the tax and spending choices governments make as they respond to these challenges. What should policymakers do? In the new… Read more
  • Weak Spots in Global Financial System Could Amplify Shocks
    By Tobias Adrian and Fabio Natalucci عربي, 中文, Español, Français, 日本語, Português, Русский In the United States, the ratio of corporate debt to GDP is at record-high levels. In several European countries, banks are overloaded with government bonds. In China, bank profitability is declining, and capital levels remain low at small and medium-size lenders. Vulnerabilities like these are on the rise across advanced and emerging market economies, according to the IMF’s latest Global Financial Stability… Read more
  • New York City just went from Dumb to Dumber…
    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
  • The Global Economy: A Delicate Moment
    By Gita Gopinath عربي, 中文, Español, Français, 日本語, Português, Русский A year ago, economic activity was accelerating in almost all regions of the world. One year later, much has changed. The escalation of US–China trade tensions, needed credit tightening in China, macroeconomic stress in Argentina and Turkey, disruptions to the auto sector in Germany, and financial tightening alongside the normalization of monetary policy in the larger advanced economies have all contributed to a significantly weakened… Read more
  • Four ways that Uncle Sam will respond to its $75 trillion insolvency
    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…
    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
  • Tackling Corruption in Government
    By Vitor Gaspar, Paolo Mauro and Paulo Medas عربي, 中文, Español, Français, 日本語,  Português, Русский No country is immune to corruption. The abuse of public office for private gain erodes people’s trust in government and institutions, makes public policies less effective and fair, and siphons taxpayers’ money away from schools, roads, and hospitals. While the wasted money is important, the cost is about much more. Corruption corrodes the government’s ability to help grow the economy… Read more
  • Assessing the Risk of the Next Housing Bust
    By Claudio Raddatz and Nico Valckx عربي, 中文, Español, Français, 日本語, Русский There’s good news for people living in Las Vegas, Miami and Phoenix: the risk of a housing bust like the one they endured during the global financial crisis is fairly small. For folks in Toronto and Vancouver, however, the picture hasn’t improved since 2008, and the risk of a large decline in house prices remains elevated. Those are among the insights generated by… Read more
  • US government’s net worth is now NEGATIVE $75 TRILLION
    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
  • How to Keep Corporate Power in Check
    By Federico Díez and Romain Duval عربي, 中文, Español, Français, 日本語, Português, Русский People are becoming concerned that the rising power of big successful companies may be behind some of the recent sluggish economic growth and rising income inequality. Are these concerns justified? Our research in Chapter 2 of the April World Economic Outlook looks at this question using data for nearly 1 million companies from 27 advanced and emerging market economies since the early… Read more
  • 25% of Millennials no longer having sex due to financial problems
    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
    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
    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
    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’
    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
  • Why Puerto Rico should be on your radar
    In the year 1841, people across countless sleepy villages in Ireland were participating in the most advanced census that had ever been conducted in European history. The whole of Ireland was still under the control of the United Kingdom at that point, and parliament had passed the “Population Act” the year prior to modernize their national statistics. According to the data collected, Ireland’s population in 1841 was approximately 8.25 million. That was the high water… Read more
  • Five important stories we’re paying attention to
    Last week we started a new feature in Notes from the Field– a Friday roll-up of bizarre, often overlooked stories that my team and I think are worth following with great interest. Based on the positive feedback we received from last week’s article, we thought we’d continue the trend. So here are a few important stories that we’re paying close attention to: The City of Chicago Paid $113 million in police misconduct cases last year… Read more
  • The 10th Circle of Hell
    On the evening of March 25 in the year 1300, Italian poet Dante Alighieri stepped through the gates of Hell, passing beneath an overhead inscription that read “Abandon all hope, ye who enter here.” Dante summoned all of his courage and proceeded, plunging deeper into the despair of hell. This is the ‘Inferno’ tale of Dante’s Divina Commedia, an epic poem completed just before his death in 1321. Dante’s version of hell is divided into… Read more
  • The US government canceled 362,000 passports last year. Was yours one of them?
    Starting in 2021, Americans will require permission to visit Europe… technically the 26 borderless countries within Europe’s Schengen area. The process will start out simple enough, taking about ten minutes to complete and costing around $8. The EU estimates it will grant about 95% of the Americans who apply three years of access to the region. But what if you are part of that unlucky 5%? Over 12 million Americans travel to Europe each year.… Read more
  • What the exodus from these states teaches us
    Every week in Notes, we highlight the most important things happening around the world that can impact your wealth and your freedom. But there are so many more things happening than we’re able to cover in these pages. So, we’re trying something new today. Once a week, we’re planning to share a collection of stories we think are important, scary, amusing or maybe all of the above. You can find the first edition below. We’ve… Read more
  • 103: Podcast with Marin Katusa: The best gold investments to make today
    Today’s podcast is with Marin Katusa. Marin is a world-class resource investor and lead analyst for Katusa Research – his publishing company, where he shares the details of many of the private investments he makes. Marin’s been investing in resource stocks for twenty years. And he’s gained a reputation as a guy who can get things done (and get the best terms) when raising capital to invest in companies – over the years, he’s put… Read more
  • One thing Congress gets right: funding their own pensions
    Turns out Congressmen make a lot of money… A study found that while the average American’s net worth increased 3.7% per year between 2004-2012, members of Congress averaged 15.4% annual gains. That high level of pay means half the members of Congress are millionaires today… and continue to collect their $174,000 annual salary. Of course it’s you, the taxpayer, paying that cushy salary. But did you know the taxpayer also foots the bill for insane… 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
  • Europe is so weak it can’t even handle 0% interest rates
    Europe’s leading economic policy makers have officially thrown in the towel. Last week, the European Central Bank admitted economic conditions are so dire that it already has to reverse its monetary policy. I’ll get back to that in a minute… Following the Great Financial Crisis in 2008, central banks printed trillions of dollars and pushed interest rates to their lowest levels in human history. Low interest rates (and lots of new money sloshing around the… 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
  • Predictions for gold from a legendary natural resource investor
    Here’s when you know that you’ve made it into popular culture… It’s when you get credit for a great quote, but no one really knows who said it first. If there’s any doubt, people’s go-to list is usually either Albert Einstein, Mark Twain or the former New York Yankees catcher, Yogi Berra. For example, there’s the quote, “predictions are hard, especially about the future,” which is often attributed to Berra. And “compound interest is the… 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
  • 102: He retired at 35 – here are some of his investment strategies
    Today’s episode of the Sovereign Man Podcast features non other than Sovereign Man’s Chief Investment Strategist, Tim Staermose, talking about not one but two highly successful, targeted investment strategies with proven track records. If you are a regular SMC or 4th Pillar reader, then you’re familiar with Tim’s wit, his financial probity, and his impressive stock picking skills. Today, he’ll tell you how he goes about looking at the markets at a time when nearly… Read more
  • Could one weekend in Lithuania really replace college?
    Here’s an economics lesson you won’t get in college. What happened to college tuition costs after the federal government started handing out student loan aid in 1965? For a typical loan, you need collateral… i.e. the bank takes your house if you don’t pay the mortgage. But with government-backed student loans, no collateral is required to borrow vast sums of money. With little potential downside, the number of people willing to take on student debt… 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
  • Socialism in the UK means no pools, no swearing and citizens pulling their own teeth
    The events that I am about to describe to you are 100% true. They have already happened to various people across the United Kingdom, which in some respects is leading the charge to 21st century “Big Brother” authoritarianism. It’s all real, and it’s all disturbing. To humanize it a little bit we have pulled several true events together into a single story about a man we’ll call “George.” George thinks he might stop by the… Read more
  • Even Warren Buffett gets it: They’re coming for your money
    By the year 1380, the Hundred Years’ War between England and France had already been raging for decades. And the war wasn’t going very well for England. France had managed to recapture most of the territories they had lost early in the war; meanwhile French naval fleets were ravaging the coastline of southern England and destroying English commercial vessels. To make matters worse, England had recently been devastated by the Bubonic Plague, which killed nearly… Read more
  • Why the Barrick deal could mean the mega melt up is here for gold
    In 1986, Peter Munk bought a gold mine in northeastern Nevada for $62 million. The mine was only producing 40,000 ounces of gold a year back then (around $16 million annually) … and the sellers believed the land held 600,000 ounces easily minable gold. But those estimates were woefully short. By 1992, the mine yielded 1.1 million ounces of gold. Today, the mine, known as Goldstrike, is the richest mine in North America – producing… Read more
  • We just made $100 million in this country… but there are still plenty of deals
    This weekend, British billionaire Richard Branson hosted a concert on the Colombian side of the Colombian-Venezuelan border. Branson was trying to raise $100 million to help the living conditions of the millions of Venezuelans affected by the dictatorship of its president, Nicolas Maduro. Gross economic mismanagement has led the country to the brink of collapse. The situation is so bad in Venezuela that three million people left in the past three years alone. But Nicolas… Read more
  • Guess how much Britain’s richest man saves on taxes by moving to Monaco?
    Bill Gates and I don’t agree on taxes. He says that he should pay more. And I consider it my moral duty to pay as little tax as possible. I don’t want to fund the government’s destruction, corruption and waste. But in an interview with Fareed Zakaria, Bill Gates did echo my Universal Law of Prosperity: produce more than you consume. Bill noted that the government “only collect[s] about 20% of GDP and we spend… Read more
  • Billionaire investor’s take on America’s socialist fever
    Howard Marks is one of the smartest, wealthiest investors in the world. As founder of Oaktree Capital, Marks manages around $120 billion. And his track record ranks him among the greatest investors in history. So it’s probably no surprise that Marks is deeply concerned about “the rising tide of anti-capitalism,” and dedicated one of his famous memos to this new political trend. In the eyes of anti-capitalists, wealthy people, big businesses, and investment funds are… Read more
  • Here’s at least one country that hasn’t completely lost its mind
    In 1965, the tiny, fledgling country of Singapore seemed like it was on the verge disaster. It had only just split off from Malaysia due to severe racial tensions between them, and just two years had passed since independence from the United Kingdom. Singapore started its nationhood with no natural resources, no army, and almost no infrastructure. Unemployment was high. Invasion from Indonesia was a constant threat. GDP per capita was just $410, less than… Read more
  • America’s Socialist Revolution has officially begun
    On October 31, 1517, an obscure German theology professor put the finishing touches on a paper he had written about the current state of the Catholic Church, and sent it off to Archbishop Albert of Brandenberg for review. The professor’s letter was polite and professional, with a formal tone that one might find in a modern academic work. It could hardly be described as revolutionary. Yet within a few years, the professor would find himself… Read more
  • How 1984 turned into an instruction manual
    “Sometimes [two and two are four], Winston. Sometimes they are five. Sometimes they are three. Sometimes they are all of them at once. You must try harder. It is not easy to become sane.” One of the key themes from George Orwell’s dystopic novel 1984 is that the Party can do and say whatever it wants. And more importantly, you must believe it, with all your heart. No matter how absurd. That’s doublethink. It is… Read more
  • Cyprus Citizenship by Investment increase by €150,000
    Cyprus citizenship by investment to become more expensive as the the government has approved of new changes to the citizenship by investment scheme   The new CIP changes expected to come into effect on May 15, 2019   Price increase Applicants have to donate €150,000 to Cyprus development, along with the €2 million euro minimum investment requirement.   €75,000 to research and innovation €75,000 to Cyprus land development agency   2.  Schengen Visa   Another very important… Read more
  • Some clear thinking about Amazon’s ‘shocking’ tax incentives
    Amazon made big headlines yesterday when it announced it was walking away from its plan to build a new headquarters in New York City. The company was under intense pressure from the media and politicians who were angered that New York City’s local government was giving away too many tax incentives, purportedly worth around $1.5 billion. (Including the state government, the total tax break was around $2.8 billion.) People had some ridiculous idea that NYC… Read more
  • Here’s why the wealthiest city in America is screwed
    Last month, Chicago hedge fund billionaire Ken Griffin spent $238 million on a condo in New York City. It was the most expensive home ever sold in the US (but only one piece of Griffin’s massive, luxury real estate portfolio). Good for Ken… he’s incredibly wealthy and can spend his money however he wants. But most of society hates this kind of behavior. Even if a guy has earned $10 billion through hard work and… Read more
  • Even Alexandria Ocasio-Cortez qualifies for a second passport
    She wants to nationalize healthcare. Raise your taxes to 70%. Legislate her way to ending poverty and saving the environment. And if she had her way, probably cleanse the English language of offensive words like gender pronouns. Yes, this former bartender turned national sensation (due to the sole fact that 4,000 more people in the Bronx voted for her over the incumbent) knows no bad idea that’s off limits. But here’s one good idea that… Read more
  • Reason #437 to own gold: The Fed wants Negative Interest Rates
    And just like that, it seems we’re headed back to quantitative easing… After cutting interest rates to nearly zero following the 2008 crisis, the Federal Reserve starting raising rates near the end of 2015 (from 0.25% to 2.5% today). Following the most recent hike in December 2018, Chairman Powell seemed hell bent on further tightening, saying “some further gradual increases” were in the cards. Then the stock market promptly fell nearly 20%. Investors were in… Read more
  • 101: How to protect your money when the people in charge understand NOTHING
    Today we bring you a fresh episode of the Sovereign Man Podcast, where Simon Black unpacks why the people in charge have no idea what they’re talking about… and how you can protect yourself from their policies. Freshman politicians want to nationalize entire industries. They want to increase the marginal tax rate to 70% or more. They want to ban corporations from buying back their own stocks unless those companies meet stringent requirements. They want… Read more
  • World’s largest pension fund loses $136 billion
    Things keep getting worse for pensions… If you’ve read Notes recently, you know the pension fund crisis is one of our major themes. Simply put, these giant pools of capital responsible for paying out retirement benefits to workers are BROKE. According to the World Economic Forum, pension funds around the world are short around $70 TRILLION. State, federal and local pensions in the US are $7 trillion short… and a recent report by Boston College… Read more
  • Could you handle losing half of your life savings in a few weeks?
    The market’s last hope is faltering… By July of last year, just three stocks (Amazon, Netflix and Microsoft) were responsible for 71% of the S&P 500’s returns. Through the third quarter, tech stocks were responsible for 95% of the S&P’s gains. Amazon alone was responsible for about one-third of the index’s move. And we long warned about the follies of blindly investing your capital into these incredibly popular and often overvalued firms (we also advised… Read more
  • Our friend is starting “a business every year” in this frontier market… demand is booming
    Levi Strauss never actually wore a pair of his famous blue jeans. Although his iconic name has been plastered on the back pockets of millions of people, Strauss himself was a businessman. And in the 1870s, jeans were strictly for laborers. Those jeans, of course, made him famous… and very, very wealthy. Sure, Levi’s product was good. But the real secret to his success was his willingness to chase opportunity. At 18, he left his… Read more
  • The next recession will sweep the Socialists into power
    What I’m about to say may sound totally crazy at first. But keep reading, because I think you’ll agree that it’s dead-on accurate. There’s a recession coming. No, that’s not some Chicken Little “The Sky is Falling” statement. Far from it. It’s just a fact: economies and financial markets always go through boom and bust cycles. There are good years and lean years, up years and down years. (This is perhaps no different than life… Read more
  • Exhumed remains of Karl Marx to run for US President
    Earlier this morning, New Jersey Senator Cory Booker became the latest socialist to throw his hat in the ring for the US Presidency… He announced his candidacy with a new website and two-minute video full of the usual collective hoopla. Bear in mind that Booker raised taxes by 20% while serving as mayor of the City of Newark, and as Senator he has been vocally in favor of everything from nationalized healthcare to so-called ‘baby… Read more
  • Bulgaria second best citizenship by investment
    Bulgaria secured second place in citizenship by investment CBI passport rankings for 2019. The report takes into account 25 important factors such as safety, economy, due diligence, Human development index, pricing and passport power.     This comes at a time when Bulgaria justice ministry recently announced plans closing of citizenship and golden visa scheme in Bulgaria due to lack of interest and no applications.   The ranking should give much needed boost for government… Read more
  • These billionaires are issuing terrifying warnings about global debt levels
    We write a lot about global debt levels at Sovereign Man. In fact, the very first Notes from the Field I ever wrote, in June 2009, was about how broke the US was… and the severe consequences that eventually face a nation that recklessly spends money it doesn’t have. And debt has been a major theme in this publication ever since. As you know, since the Great Financial Crisis in 2008, debt levels have only… Read more
  • Malta has the most transparent citizenship by investment scheme
    Malta has the most transparent citizenship by investment scheme among all the CBI countries.   Malta publishes annual report about Individual Investor Program (IIP) which publishes full details on applications received, due diligence and approved citizenship applications to different nationalities. Malta also publishes names of IIP citizens in gazette every year to public.   In the Caribbean Antigua and Barbuda, Grenada also have transparent citizenship by investment schemes. Antigua publishes annual report of its CBI… Read more
  • Top 10 countries in CBI passport rankings 2019
    Best Citizenships (BC) designed a new ranking model for CBI passports based on Points Based Scoring (PBS) system. Although many indexes exist for ranking CBI passport, many are not exhaustive, or rely on visa free access to rank Citizenship By Investment (CBI) passports.   The ranking model takes into account over 25 factors into our model from pricing to economic indicators of each country to rank a CBI passport out of maximum 150 points.  We have also… Read more
  • Citizenship & residency by investment: Guide on how to choose a program
    In this article we will share the insights based on 200+ cases from out practice and will explain how you can choose a residence permit and citizenship by investment program. In addition to the main criteria such as the cost of the program, duration of application process, the list of visa-free countries, etc., you should also take into account the program effectiveness. Regardless of the status you eventually choose, the main goal is to obtain… Read more
  • Egypt’s citizenship by investment: Cost and Conditions
    A new player has emerged on the investment immigration market. The Egyptian Parliament has amended the country’s legislative framework so that ultra high-income foreign citizens will be able to obtain the country’s citizenship. This way, the authorities intend to repay the International Monetary Fund-issued loan. Egypt is currently implementing a number of economic reforms, including the creation of favorable conditions for foreign investors. According to the requirements of Egypt’s passport program, a foreigner is issued… Read more
  • Moldova Citizenship by Investment Program: Re-launch peculiarities and passport cost
    In September 2017, the government of the Republic of Moldova announced the launch of their Moldova Citizenship By Investment program (MCBI). According to the changes in legislation, now wealthy investors are allowed to obtain a passport of Moldova by investment. It was expected that the citizenship status would be available for purchase either via donations to the national fund, via buying government bonds, or via buying real estate. Despite being theoretically ready, the program was… Read more
  • Buy citizenship with bitcoin: Migronis & BankEx launch revolutionary project
    The first news about a possibility to purchase a second citizenship by investment with cryptocurrency appeared in October 2017. It was the Government of Vanuatu that made this announcement. However, in about 2 weeks after the announcement, the news appeared to be untrue. The second time we heard that citizenship can be bought with bitcoins or other cryptocurrency was in July 2018. This time prime minister of Antigua and Barbuda stated that it would be… Read more
  • Antigua and Barbuda citizenship by investment program: Is it possible to use Bitcoin Cash to buy a second passport
      Interesting things are happening around Antigua and Barbuda citizenship by investment program. Cabinet has announced the funds received under the new investment option would be spend on the future university of Antigua and Barbuda. It would be established in Five Islands Village. According to the data by and, it will be possible to use such cryptocurrency as Bitcoin Cash (BCH) to purchase passport of Antigua and Barbuda under citizenship by investment program… Read more
  • 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
  • What is the real price of real estate in Cyprus that is offered under citizenship by investment program
    In the first quarter of 2018, the number of real estate transactions in Cyprus increased by 41% compared to the same period in 2017. According to the Cyprus Department of Lands and Surveys, from January to March, 2,129 purchase contracts were registered. A year earlier, during the same period, 1,505 real property items changed their owners. What was the impact of the economic citizenship program on the Cyprus’ real estate market? What is the real… Read more
  • 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
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  • 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
  • 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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