Latest / IMI Podcasts / This Week in IM - Jan 30: 🇬🇩 Citizenship by Invitation, How to Get 🇬🇧 Passport via Territories, 🇺🇸 Birthright Citizenship Under Review, ++

Transcript

This Week in IM - Jan 30: 🇬🇩 Citizenship by Invitation, How to Get 🇬🇧 Passport via Territories, 🇺🇸 Birthright Citizenship Under Review, ++ · IMI Podcasts

• 0:00
  SPEAKER_00: You're listening to IMI this week.
• 0:04
  SPEAKER_00: Luxembourg initiated a review of its underperforming investor residence program, which has attracted only 15 applicants since 2017.
• 0:12
  SPEAKER_00: The program, which rejected four of six applicants in 2023 to 2024, faces European Union pressure to close due to security risks and oversight gaps.
• 0:24
  SPEAKER_00: The government must undertake parliamentary action to terminate the program, which offers residents through investments ranging from 500,000 euros to 20 million euros.
• 0:35
  SPEAKER_00: President Trump signed an executive order to end birthright citizenship for children of non-citizens and temporary residents in the U.S.
• 0:43
  SPEAKER_00: Twenty state attorneys generals sued, arguing the order violates the 14th Amendment's guarantee of citizenship for all U.S.-born persons.
• 0:52
  SPEAKER_00: Legal expert David Lesperance predicts lengthy court challenges.
• 0:57
  SPEAKER_00: Arton Capital's Tatiana Muntin focuses on empowering clients, expanding Arton's presence, and developing innovative investment migration strategies.
• 1:07
  SPEAKER_00: Drawing from experience, she takes pride in helping clients achieve global mobility and access new opportunities.
• 1:13
  SPEAKER_00: Hearing that clients had survived and are now thriving was deeply moving and reinforced the vital importance of the work we do.
• 1:22
  SPEAKER_00: A Nicosia court acquitted five defendants of fraud in Cyprus's citizenship by investment program case, but convicted Mikhail Savos.
• 1:30
  SPEAKER_00: The case highlighted irregularities in the now terminated program.
• 1:34
  SPEAKER_00: A 2021 inquiry revealed irregularities among 53% of passports granted between 2007 and 2020, leading to ongoing investigations and citizenship revocations.
• 1:48
  SPEAKER_00: With support from Art Capital and Forbes Global Talent, Grenada has launched an exclusive citizenship by invitation program for select ultra-high net worth investors.
• 1:58
  SPEAKER_00: The program offers accelerated processing, advisory sessions with Prime Minister Mitchell, and private jet transport from Miami.
• 2:06
  SPEAKER_00: Questions remain about selection criteria, qualification process, and resource allocation.
• 2:13
  SPEAKER_00: The British Virgin Islands announced a forthcoming residency by investment program that will focus exclusively on residency.
• 2:22
  SPEAKER_00: While BVI can grant residency, only the UK government has authority to grant British Overseas Territory citizenship through naturalization.
• 2:31
  SPEAKER_00: David Lesperance explains how applicants can maintain residence despite strict presence requirements and qualify for British citizenship.
• 2:41
  SPEAKER_00: Italy's 2024 tax regulations introduce significant changes, including updated criteria for tax residency determination.
• 2:50
  SPEAKER_00: Tax residents must now meet one of four criteria residency, domicile based on personal and family ties, anagraph enrollment, or physical presence of 183 days or more.
• 3:02
  SPEAKER_00: The changes make it easier to prove non-residency, but require careful planning to avoid unintended tax obligations while spending time in Italy.
• 3:12
  SPEAKER_00: Thanks for joining us today on IMI Podcasts.
• 3:16
  SPEAKER_00: Subscribe for free to the IMI Daily Newsletter for breaking news and updates from the investment migration industry, and consider upgrading your membership to IMI Pro to get access to our exclusive professional community, industry events, data, and members only content.