Latest / IMI Podcasts / This Week in IM - Jan 23: UK Millionaires Leaving at Staggering Pace, Grenada CIP and Canada SUV Break Records, ++

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This Week in IM - Jan 23: UK Millionaires Leaving at Staggering Pace, Grenada CIP and Canada SUV Break Records, ++ · IMI Podcasts

• 0:00
  SPEAKER_00: You're listening to IMI this week.
• 0:04
  SPEAKER_00: Thailand has updated its long-term resident, also known as LTR Visa Program, removing the eighty thousand dollar income requirement and expanding benefits for wealthy applicants.
• 0:16
  SPEAKER_00: Aiming to attract skilled professionals, investors, and retirees by making Thailand, the changes include a simplified application process, tax incentives, and no limit on dependence.
• 0:30
  SPEAKER_00: Bastion Trelcat has more.
• 0:33
  SPEAKER_00: The UAE launched Creators HQ, a golden visa program and forty point eight million dollars support fund offering 10-year residency to 10,000 influencers, podcasters, visual artists, and digital creators.
• 0:49
  SPEAKER_00: The initiative will also provide visa assistance, partnerships with major tech platforms, and ecosystem support.
• 0:58
  SPEAKER_00: Dubai aims to become a global hub for creative professionals through this specialized category.
• 1:06
  SPEAKER_00: Following the cancellation of 12,000 citizenships since August 2024, Kuwait's Supreme Committee will revoke 5,838 citizenships, primarily targeting naturalized wives under Article VIII of its nationality law.
• 1:25
  SPEAKER_00: The investigation aims to address potential fraud and protect national identity.
• 1:31
  SPEAKER_00: The government maintains protective measures for affected individuals while completing its review by February.
• 1:39
  SPEAKER_00: A new IMI pro, Alexandre Cunha Elias of Portugal-based 3, capital balances professional aspirations with personal life, through family time, fitness, and business strategy.
• 1:54
  SPEAKER_00: His key goals include growing a 10 million euros golden visa fund and establishing 3cc as a top Portuguese asset management firm.
• 2:05
  SPEAKER_00: He adds, it's fascinating to see how U.S.
• 2:09
  SPEAKER_00: investors increasingly seek European residency.
• 2:14
  SPEAKER_00: St.
• 2:14
  SPEAKER_00: Kitts and Nevis's citizenship by investment program faced significant challenges in 2024, with Russian applicants experiencing delayed refunds and program revenue dropping 60%.
• 2:29
  SPEAKER_00: Exhausted by bureaucratic stalling, frustrated applicants are now organizing collective efforts to reclaim their rejected investments and challenge the program's administrative failures.
• 2:59
  SPEAKER_00: Millionaires primarily relocated to EU countries, the US, UAE, and other destinations seeking more favorable tax environments.
• 3:09
  SPEAKER_00: The departure could cost the UK billions in investment capital and potentially trigger economic challenges.
• 3:18
  SPEAKER_00: Nine Chinese investors lost 9 million euros in an Irish housing development through the now discontinued immigrant investor program.
• 3:28
  SPEAKER_00: Seeking to recover their funds after management diverted them to a private development, seven investors seized control of Trinity Homes.
• 3:37
  SPEAKER_00: The Department of Justice disclaims responsibility, leaving investors uncertain about potential investment recovery.
• 3:46
  SPEAKER_00: Canada's startup visa program processed 5,633 applications by October 2024, with a backlog primarily from 2021 to 2023.
• 4:01
  SPEAKER_00: Applications through business incubators, Angel Investor Networks, and Venture Capital Funds totaled 18,514, with 57% awaiting eligibility assessment.
• 4:17
  SPEAKER_00: Slava Appell credits increased processing efficiency with electronic filing and stronger evaluation requirements.
• 4:26
  SPEAKER_00: Thanks for joining us today on IMI Podcasts.
• 4:30
  SPEAKER_00: Subscribe for free to the IMI Daily Newsletter for breaking news and updates from the investment migration industry.
• 4:38
  SPEAKER_00: And consider upgrading your membership to IMI Pro to get access to our exclusive professional community, industry events, data, and members only content.