Latest / IMI Podcasts / This Week in IMI - Aug 28: Russia Launches ANTI-WOKE Visa, 5 Ways to Get Swiss RESIDENCY, Cyprus REVOKES 10 More Citizenships, ++

Transcript

This Week in IMI - Aug 28: Russia Launches ANTI-WOKE Visa, 5 Ways to Get Swiss RESIDENCY, Cyprus REVOKES 10 More Citizenships, ++ · IMI Podcasts

• 0:00
  SPEAKER_00: You're listening to IMI this week.
• 0:03
  SPEAKER_00: Is the appeal of citizenship by investment programs declining?
• 0:06
  SPEAKER_00: And is that decline due to regulatory challenges or reputational risks or both?
• 0:12
  SPEAKER_00: Stephen Barnes believes the industry will shift towards residency by investment programs as a more sustainable alternative, because they're viewed more favorably by governments and offer a safer, more secure path to global mobility.
• 0:26
  SPEAKER_00: With increasing scrutiny, Barnes claims the CBI industry needs more skilled practitioners in immigration law to navigate the complex landscape of RBI programs and providing tailored guidance to investors.
• 0:39
  SPEAKER_00: The Cypriot government has announced plans to revoke the citizenship of 10 more individuals who obtained passports through the now discontinued citizenship by investment program, bringing the total number of revocations since 2021 to 219.
• 0:54
  SPEAKER_00: A comprehensive review of the program, which revealed that 51% of the 6,779 citizenships granted between 2007 and 2020 were issued to unqualified applicants, has exposed various forms of abuse, including conflicts of interest and fraudulent property agreements.
• 1:15
  SPEAKER_00: A recent court ruling has allowed rejected CIP applicants to seek judicial review of their cases.
• 1:23
  SPEAKER_00: In this week's wide-ranging edition of 10 on the weekend, IMI Pro Mohammed Hassan discusses the fast-moving and complex regulations in the RCBI industry and his company's growth in Egypt since the introduction of the Citizenship by Investment Program in Cairo.
• 1:38
  SPEAKER_00: Mohamed Hassan states that contending with global immigration policy shifts while maintaining a high service standard is a constant challenge.
• 1:47
  SPEAKER_00: Read the full interview on IMIDAily.com.
• 1:52
  SPEAKER_00: Switzerland offers high net worth individuals various paths to residency, including routes for EU citizens, retirees, individuals of public interest, and highly qualified individuals, with the potential for permanent residence after five years and citizenship after ten years.
• 2:09
  SPEAKER_00: The country provides two main taxation frameworks.
• 2:13
  SPEAKER_00: The forfeit fiscal system, which taxes based on expenditure and is available in most cantons, and the ordinary tax regime, with rates varying by canton.
• 2:24
  SPEAKER_00: In this feature, Dr.
• 2:25
  SPEAKER_00: Guillaume Grizel examines the five ways to get Swiss residency, the path to naturalization, and the Swiss special tax regime.
• 2:35
  SPEAKER_00: Russia has introduced the Shared Values Visa Program, set to begin on September 1st, 2024, offering streamlined residency permits to foreigners who align with Russia's traditional values and oppose destructive neoliberal ideology in their home countries.
• 2:53
  SPEAKER_00: Anastasia Barna and Ilya Belabragin expects the program to be of high interest with conservatives from developed nations who appreciate Russia's recent conservative political agenda, stance on traditional family values, and restrictions on LGBTQ expression.
• 3:11
  SPEAKER_00: Thanks for joining us today on IMI Podcasts.
• 3:14
  SPEAKER_00: Subscribe for free to the IMI Daily Newsletter for breaking news and updates from the investment migration industry.
• 3:21
  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.