We are pleased to share the Firm’s annual HNWIs Residency Comparison Chart (10th edition).
In a series of podcasts, team M/HQ is discussing global mobility and immigration ranging from business immigration and employment, to citizenship programs and tax planning.
In our third episode, Stephanie Campbell, Head of Immigration & Private Clients, joins Managing Partner Yann Mrazek to discuss the release of the Firm’s annual HNWIs Residency Comparison Chart and further developments of immigration policies and processes worldwide.
Welcome to M/HQ’s Immigration Podcast Series!
Stay tuned for more episodes. If you have any questions, get in touch with your usual M/HQ contact or email Stephanie or Yann.
2020 is the year of change! The COVID-19 pandemic is having an unprecedented impact on immigration policies and processes worldwide. Delays in processing time and travel restrictions can push back your timeline to relocate.
With air travel being partially or fully suspended by various countries in the world, if one has already received an invite from the country of interest for permanent residency, a four to a six-month delay in traveling may have to be accounted for.
Apart from the current delays, migration patterns may also be affected by the impact COVID-19 has on each country’s economy and workforce.
Challenging times have however created new immigration opportunities!
The UAE has introduced significant changes to its immigration framework, with the formal launch of a long-term visa system (Validity: 5 & 10 Years) for investors, entrepreneurs, specialized talents and researchers, as well as a long-awaited and easily accessible ‘retiree’ scheme – see also our fact sheet “Residency in the UAE”.
Elsewhere, some schemes have become less attractive in direct response to concerns raised by the OECD over discriminatory tax regimes resulting in zero-taxed income. E.g. Portugal introduced a 10% tax on the foreign-source pension income for non-habitual residents.
The increasingly stringent requirements applicable in no-/low- tax countries to the issuance of tax residence certificates (TRC) is also worth following.
With this in mind, the UAE continues to be a strong draw for citizens of both the old world and emerging economies.
M/HQ’s HNWI’s Residency Comparison Chart 2020
We are pleased to enclose the Firm’s annual HNWIs Residency Comparison Chart (10th edition). In collating this information…
Any questions, contact out specialists: pcs@m-hq.com
See our Mail Alert Get in touch – To get the latest Mail Alerts