CHANGES TO EXISTING IMMIGRATION PROGRAMS AND APPROVAL OF NEW PROGRAMS

The Republic of Panama recently passed new regulations approving changes to the friendly country visa and reforestation programs as well as the introduction of the new Qualified Investor Visa. Here are the highlights. PANAMA QUALIFIED INVESTOR VISA By means of Executive Decree No. 722 of  October 15, 2020, the government of the Republic of Panama created […]

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CANADA VIEWS IMMIGRANTS AS KEY TO ECONOMIC RECOVERY

Officials and experts plotting Canada’s economic recovery from the global pandemic are looking to current and future immigrants as a big part of the solution. That conclusion is perhaps inevitable, given the oversized role that immigrants already play in the country’s highly pluralistic society. Canada has one of the highest immigration rates of any country, […]

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PORTUGAL GOLDEN VISA – INVESTMENT AMOUNT TO BE INCREASED UNDER NEW RULES

Real estate is the most popular investment option for 90% of investors but very few investors are aware that there are eight different investment options available for securing European residency under the Portugal Golden Visa program. After 10 years of grand success, the Portuguese government is set to change the investment amount for its Golden […]

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UK RECEIVES 6 MILLION APPLICATIONS TO EU SETTLEMENT SCHEME BEFORE DEADLINE

Britain said on Friday it had received 6 million applications to its settlement scheme for European Union nationals before a June 30 deadline passed, including a surge of more than 400,000 in the last month. Britain said on Friday it had received 6 million applications to its settlement scheme for European Union nationals before a […]

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PANAMA LAUNCHED A NEW VISA TO PROMOTE “WORKING FROM HOME” FOR TOURISTS WHILE IN PANAMA

Panama has to be right up there on your next destination list, since it has launched a new and innovative tourism strategy in the form of a Short Term Visa for Remote Workers. We offer a perfect balance by being affordable yet great for working hard due to our wide connectivity. Come to Panama and […]

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PANAMA MAKES CHANGES TO THE FRIENDLY NATIONS VISA

The Panamanian Government has issued, through Executive Decree No. 197 of May 7th, 2021, major changes to the Friendly Nations Visa. The Decree was published on May 20th, 2021 and will come into force in 90 days (August 20, 2021). The changes include the elimination of the possibility to access permanent residence by incorporating a […]

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TAX RESIDENCY IN PANAMA: SUBSTANCE

With increased tax regulations and scrutiny from the world international governing bodies, substance has become the new normal in terms of satisfying the criteria to achieve tax residency. Considerable pressure from the Organization for Economic Co-operation and Development (OECD) has forced jurisdictions to implement economic substance requirements to combat international tax abuse. Entities are required […]

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UK-INDIA AGREE PARTNERSHIP TO BOOST WORK VISAS FOR INDIAN NATIONALS

The UK and India have signed an ambitious new migration partnership, which will see both countries benefit from a new scheme for young Indian and British professionals to live and work in one another’s countries. Home Secretary Priti Patel and Indian Minister of External Affairs Subrahmanyam Jaishankar today (4 May) signed the ‘Migration and Mobility […]

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QUEBEC INVITES 90 FOREIGN WORKERS TO APPLY FOR PERMANENT SELECTION

Quebec invited 90 immigration candidates to apply for permanent selection on May 27. The Ministère de l’Immigration, de la Francisation et de l’Intégration (MIFI) invited candidates under the Regular Skilled Worker Program (RSWP) who had filed an Expression of Interest (EOI) in Quebec’s online registration portal, Arrima. There were two categories of candidates invited in the latest round: those who […]

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WHY USE SWITZERLAND FOR ASSET PROTECTION AND WHY USE A SWISS TRUSTEE

Background Switzerland is a very attractive jurisdiction for the coordination of asset protection for a number of reasons, including the stability of this international center and the highest level of confidentiality that is guaranteed. An English, Guernsey, Isle of Man, Maltese or Nevis Law based trust, with Swiss Trustees can offer a number of tax efficiencies, […]

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AUSTRALIA SWITCHES TAX RESIDENCY RULES TO ‘SIMPLE TEST’

Australia is to replace its tax residency rules for individuals with a primary so-called ‘bright line’ test, Australia’s federal treasurer, Josh Frydenberg, announced in the country’s Federal Budget 2021-22.  The new individual tax residency rules are intended to apply from 1 July following Royal Assent.  Under this new test, a person who is physically present […]

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MALTA LAUNCHES NEW PERMANENT RESIDENCE PROGRAMME

The Malta Residence and Visa Regulations, regulated by Subsidiary Legislation 217.18, more commonly referred to as the Malta Residence and Visa Programme (“MRVP”) was launched in 2015. Third country nationals issued with a residence certificate in terms of the MRVP benefit from the right to reside, settle and stay indefinitely in Malta. The Malta Residence […]

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