Latest / IMI Podcasts / This Week in IM - Nov 06: 🇸🇱 Expands CIP Inclusions, 🌐 OECD Reveals Property Data Database, 🇬🇧 Weighs Exit Tax, ++

Transcript

This Week in IM - Nov 06: 🇸🇱 Expands CIP Inclusions, 🌐 OECD Reveals Property Data Database, 🇬🇧 Weighs Exit Tax, ++ · IMI Podcasts

• 0:00
  SPEAKER_00: You're listening to IMI This Week.
• 0:03
  SPEAKER_00: Portugal's golden visa wait times can reach four years while others improve.
• 0:08
  SPEAKER_00: You must be an IMI pro to review IMI's in-depth quarter three survey.
• 0:14
  SPEAKER_00: If you're not yet an IMI pro, join now.
• 0:18
  SPEAKER_00: Sierra Leone's Go 4 Gold Citizenship Program has expanded to include relatives and business partners, marking the industry's most inclusive structure starting at US forty thousand US dollars.
• 0:32
  SPEAKER_00: IMI Pro and program architect Stephen Barnes said the reform recognizes the extended family model common in the global south.
• 0:41
  SPEAKER_00: Jeremy Savory described the pricing as a breakthrough for new markets, while IMI Pro Raphael Sintron views the innovation as a turning point for Africa's investment migration landscape.
• 0:56
  SPEAKER_00: The UK government is weighing a 20% settling up charge on unrealized gains for individuals leaving the country.
• 1:05
  SPEAKER_00: Chancellor Rachel Reeves said she would make necessary choices to restore fiscal balance, citing a major shortfall.
• 1:13
  SPEAKER_00: The measure could be legislated in November and take effect in April 2026.
• 1:20
  SPEAKER_00: EME Pro Marco Messina warned the policy would prompt an exodus of wealthy residents and further damage the UK's reputation.
• 1:30
  SPEAKER_00: The OECD has introduced the Immovable Property Information Multilateral Competent Authority Agreement extending automatic tax data exchange to real estate holdings.
• 1:42
  SPEAKER_00: The framework establishes ownership and income transparency modules to reveal property ownership and beneficial owners behind entities, trusts, and foundations.
• 1:53
  SPEAKER_00: IMI Pro David Lesperance warned that non-participation by major economies, especially the US, creates enduring loopholes.
• 2:05
  SPEAKER_00: France's National Assembly narrowly rejected two wealth tax proposals after socialist lawmakers abstained in a one-vote defeat.
• 2:14
  SPEAKER_00: Economist Gabriel Zuckmann's plan for a 2% annual levy on fortunes above 100 million euros also failed despite broad public support.
• 2:25
  SPEAKER_00: IMI Pro, Charlie Maggie called the rejection proof that lawmakers favour economic realism over populist taxation.
• 2:35
  SPEAKER_00: The new government instead passed a modest 2% levy on dormant holding companies, raising far less revenue and straining ties with socialist leadership.
• 2:46
  SPEAKER_00: Malaysia has approved 5,972 applicants under its updated MM2H program.
• 2:55
  SPEAKER_00: The majority are Chinese nationals, followed by Taiwan, Hong Kong, Singapore, and the United States.
• 3:02
  SPEAKER_00: The program's 2024 reform introduced a new three-tier property investment system and heightened security measures.
• 3:10
  SPEAKER_00: Residency remains limited to five years, with renewals contingent on security reassessment.
• 3:17
  SPEAKER_00: These reforms aim to restore credibility after previous MM2H-related fraud scandals.
• 3:26
  SPEAKER_00: Thanks for joining us today on IMI Podcasts.
• 3:29
  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.