Portugal’s golden visa scheme, which once offered a direct route to residency through property investment, has undergone significant changes. With the government’s tightening of regulations in response to housing concerns, the scheme has evolved, presenting new opportunities for investors. The golden visa program, launched in 2012, initially attracted considerable funds, primarily from China, Brazil, and the United States, totaling €7.3 billion. However, approximately 90% of this investment flowed into real estate, contributing to rising property prices in Portugal and prompting concerns from both local authorities and the European Commission, which cited security risks associated with such programs. In response, the…
Insight
Investment Migration is Booming
Citizenship investment has never been a more important consideration for global investors given current global headwinds. These are challenging times and the chance to access greater mobility, opportunity, stability, security and a higher quality of life is alluring indeed. One can see why the industry is rich with activity There are many jurisdictions vying for supremacy in the field. We see Antigua & Barbuda as leading the way in the Caribbean, with Ecuador, Malta and Turkey offering especially innovative variations on the traditional CIP approach. St. John’s, Antigua port and skyline at twilight. These countries offer the wise globally-minded citizen…
Dubai Emerges as a Leading Global Hub
A report titled ‘The Future of Financial Services Talent’ (‘The Report’) issued today by Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa, and South Asia (MEASA) region, in collaboration with London Stock Exchange Group, one of the world’s largest providers of financial markets data, reaffirms Dubai’s emergence as a leading global hub for talent attraction. …
India: The Next Smartphone Export Powerhouse
The smartphone manufacturing industry has been growing steadily in India for many years. Originally, the focus was on producing units for the local market, but in the recent past, India has become a significant exporter of smartphones as well. This position is only set to become stronger, supported by the government’s “Make in India” drive, which seeks to encourage local production across various sectors. In fact, according to research by techARC, 2020 could see Indian mobile phone exports cross the USD 1.5 billion threshold for first time, with 98% being smartphones. Currently, India exports smartphones to 24 countries,…