The World Bank Group has approved a new Country Partnership Framework (CPF) for Benin, with an International Development Association (IDA) allocation of US$1.077 billion over the next decade, complemented by financing from the International Finance Corporation (IFC) and Multilateral Investment Guarantee Agency (MIGA). The framework is designed to support private-sector development, infrastructure, employment, human capital, […]
When speaking about the advantages of owning a company abroad, outside your home country, I am often asked this question. Why should I consider having a company abroad when I am doing fine in doing business with my company at home? I used to answer, “You should have company abroad to provide security for yourselves […]
The interpretation of Section 41 Paragraph 2 of the Thai Revenue Code underwent a significant shift with the new law issued on September 15, 2023. Previously, Thai tax residents were taxed only on their foreign-sourced income if it was brought into Thailand within the same tax year. This interpretation meant that income from employment, overseas […]
Three cities in the United Arab Emirates (UAE) – Abu Dhabi, Dubai and Sharjah – are among the top ten most affordable global cities in the world, based on a study by Workyard Research. Kuwait claims the top spot as the cheapest city to live in globally, owing to its favorable balance between an average […]
Saudi Arabia has introduced a new electronic business visit visa called “visiting investor” to specifically facilitate the travel of investors seeking investment opportunities in the country. The new service can be done online and allows investors to easily and quickly obtain a visit visa without having to visit the Saudi embassy or consulate. This initiative […]
A growing number of African countries are offering residence and citizenship to foreign investors through their investment programs. These programs, known as migration investment programs, allow investors to purchase citizenship or residency in exchange for investment in a country. Namibia and Henley & Partners, the global leader in residence and citizenship planning, have unveiled a […]
The President of Madeira has rejected plans to end the Portugal’s golden visa scheme arguing that it is good for the growth of island’s economy, in particular the high-income real estate and that the measures to stop it are fundamentally aimed at Portugal itself. Currently, there is a public discussion in Portugal in which all […]
Albania’s Prime Minister, Edi Rama, has announced that the country’s planned Citizenship by Investment Program (CIP), also known as the “golden passport” scheme, will be temporarily suspended. This comes after pressure from the European Union (EU) to terminate such programs in all EU countries, claiming they go against EU laws and can allegedly benefit persons […]
In a landmark citizenship policy change, the UAE is to allow for the naturalisation of foreign investors, skilled professionals, such as doctors, scientists, engineers, and talented people, such as artists and authors, and their families. The UAE cabinet, local Emiri courts and executive councils will nominate those eligible for the citizenship under the clear criteria […]
