Latest / IMI Podcasts / This Week in IM - Jun 26: 🇬🇧 Planning £250K Britannia Card, 🇵🇹 Plans 10-Year Citizenship Timeline, 🇰🇳 Adds Residency Clause to CIP, ++

Transcript

This Week in IM - Jun 26: 🇬🇧 Planning £250K Britannia Card, 🇵🇹 Plans 10-Year Citizenship Timeline, 🇰🇳 Adds Residency Clause to CIP, ++ · IMI Podcasts

• 0:00
  SPEAKER_00: You're listening to IMI This Week.
• 0:03
  SPEAKER_00: Investment migration people in the news this week included Stuart Nash of Nash Kelly Global, David Lesperance of Lesperance and Associates, Dr.
• 0:11
  SPEAKER_00: Jorg Stefan and Scott Moore of Henley and Partners, Nuri Katz of Apex Capital.
• 0:16
  SPEAKER_00: Partners Andrey Boyko of Garrant.
• 0:18
  SPEAKER_00: and Marcus Beveridge of Queen City Law.
• 0:21
  SPEAKER_00: Nicholas Mastroianni, the third of U.S.
• 0:23
  SPEAKER_00: Immigration Fund Klein Glidden Jr.
• 0:25
  SPEAKER_00: of Ogier Law.
• 0:28
  SPEAKER_00: Commerce Secretary Lutnik revealed nearly 70,000 registrations for President Trump's new$5 million Trump card.
• 0:35
  SPEAKER_00: The initiative, originally proposed as a replacement for the EB5 visa, has support from billionaire John Paulson and public endorsements from Mark Cuban.
• 0:45
  SPEAKER_00: While Lutnik continues to pitch the program internationally, critical details remain under discussion.
• 0:52
  SPEAKER_00: The leaked memorandum from the U.S.
• 0:54
  SPEAKER_00: State Department targets 36 countries, including four of five Caribbean CBI countries, for potential travel restrictions tied to citizenship programs.
• 1:04
  SPEAKER_00: Antiguan officials responded defiantly, while St.
• 1:07
  SPEAKER_00: Lucian and Kitician officials have taken a cautious diplomatic stance.
• 1:12
  SPEAKER_00: Grenada's CIP continues its strong momentum, processing 41% more applications than it received in Quarter 1, 2025, according to program data.
• 1:22
  SPEAKER_00: The program's backlog clearing efforts have driven substantial naturalizations, larger family sizes, and record processing speeds.
• 1:31
  SPEAKER_00: Revenue projections may lead the unit to its best year yet.
• 1:35
  SPEAKER_00: Tax residency is a key factor in immigration planning, even for those considering Hungary.
• 1:41
  SPEAKER_00: Hungarian tax law can expose residents to global income taxation, notes Chaba Magyar.
• 1:47
  SPEAKER_00: Yet, despite strict rules, Hungary offers competitive tax rates, tax-free pensions, and advantageous treatment of capital gains.
• 1:57
  SPEAKER_00: Prime Ministers Terence Drew of St.
• 2:00
  SPEAKER_00: Kitts and Nevis and Roosevelt Scaret of Dominica have addressed the reported U.S.
• 2:04
  SPEAKER_00: travel restriction proposals targeting Caribbean citizenship by investment programs.
• 2:09
  unknown: St.
• 2:10
  SPEAKER_00: Kitts will soon require CBI applicants to fulfill residency obligations and undergo biometric screening, while Scart pledged Dominica will introduce legislation banning name changes for African applicants and other reforms.
• 2:24
  SPEAKER_00: Portugal's center-right government has proposed a significant overhaul to the country's citizenship laws, aiming to double the residency requirement from five to ten years, with exceptions for nationals of Portuguese-speaking countries.
• 2:36
  SPEAKER_00: IMI pros Pedro Oliveira, Sara Sousa Rebolo, Vanessa Rodriguez Lima, Madalena Monteiro, and Safac Nervo have highlighted that the Golden Visa program currently remains unaffected, and that the proposal still requires legislative approval.
• 2:54
  SPEAKER_00: Oman will become the first Gulf Cooperation Council country to introduce a personal income tax in January 2028.
• 3:01
  SPEAKER_00: The tax will apply a 5% levy to individuals earning over 42,000 Omany reels, or 110,000 US dollars.
• 3:10
  SPEAKER_00: Oman's move fits within its vision 2040 plan to boost non-oil revenue.
• 3:15
  SPEAKER_00: The tax authority emphasized that 99% of Oman's population will remain unaffected.
• 3:22
  SPEAKER_00: Reform UK has introduced the Britannia Card, a 250,000-pound residency scheme, offering wealthy foreigners 10-year UK residency with tax exemptions on overseas wealth.
• 3:33
  SPEAKER_00: This policy is a direct counter to Labour's abolition of non-domicile tax status and seeks to attract entrepreneurs and high net worth individuals back to the UK.
• 3:43
  SPEAKER_00: Farage emphasizes that visa fees would benefit Britain's lowest-earning workers, aiming to bridge the gap between welfare and employment.
• 3:55
  SPEAKER_00: Subscribe for free to the IMI Daily Newsletter for breaking news and updates from the investment migration industry.
• 4:02
  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.