Worldwide Relocation Programs for Non-US Tax Residents
For wealthy individuals, diversification means thinking beyond equities and fixed income. Citizenship, residence, and property in alternative jurisdictions are becoming essential for the world’s wealthy, given the security, opportunity, and diversification they can deliver.
Over the past few years, many European jurisdictions have developed different ways to attract companies as well as wealthy individuals to their soil. These jurisdictions include Cyprus, Greece, Italy, Malta, Monaco, Portugal, Spain, Switzerland and the UK, countries which share a commonality of political stability, tax incentives and quality of life.
In many cases, the immigration process has been simplified, and favorable tax environments have been developed. In fact, there’s a certain amount of competition among countries to attract new investments in their economies and real estate markets.
Details on what is required vary from country to country in terms of investment required, and conditions for citizenship or non-domiciled residency status, but achieving the necessary status can provide complete freedom of movement within Europe and an easier way to realize investments across the region. At Intercontinental, we work closely with fiduciaries and attorneys that specialize in these matters when clients are interested in learning more about the process.
Protecting Your Business Interests from Government Practices
There are strategies available to protect your operating company when a government does not provide a level playing field. Within many developing markets, international courts are perhaps the best recourse for companies needing protection against problematic government actions. Such actions could include expropriation, unfair treatment below minimum codes of business conduct, violation of contracts and permits, delays in tax refunds, illegal annulment of ownership of one's asset, or any general act considered an indirect expropriation in violation of international law.