Contents

Opinion:
Choosing the Perfect Country


Henley & Partners Forges Innovative Partnership with UNHCR

Attend the Henley & Partners Forum 2015 at the Dolder Grand, Zurich, 5-6 May 2015

Nonsuch Bay Phase 2: Antigua’s Most Attractive Citizenship-by-Investment Option

Russia Updates Federal Migration Service Procedure on Dual Citizenship

Exceeding Expectations: The Villas at Pinney’s Beach in Nevis

Visa Free Travel to Brazil for St. Kitts and Nevis Nationals

St. Lucia Considers Citizenship-by-Investment

Sri Lanka Allows Dual Citizenship

Opinion:
Choosing the Perfect Country

by Daniel Goldscheider

Many of us never question our citizenship, but once you think of your citizenship as a choice rather than a given, the obvious question is, what country should you choose? There are many personal preferences and reasons that come into play but there are also many objective criteria which can and should be tracked to aid in making an informed choice. From taxes to pension funds to climate change, the choice is yours.

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Henley & Partners Forges Innovative Partnership with UNHCR

Henley & Partners has announced the creation of an innovative partnership with the UN Refugee Agency to join forces in support of disadvantaged and displaced migrants. Through a multi-year partnership Henley & Partners will support UNHCR’s global refugee registration activities with a contribution of over USD 1 million and further advocate and assist UNHCR’s resource mobilisation efforts in the interests of its people of concern.

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Attend the Henley & Partners Forum 2015 at the Dolder Grand, Zurich, 5-6 May 2015

The next international Henley & Partners conference will host more than 300 delegates, over 40 outstanding speakers and numerous high-profile sponsors in Zurich this May. The conference will provide insight and first-hand information from industry leaders, top-tier international service providers and senior government officials. It will host the Prime Minister of Malta, the Hon. Dr. Joseph Muscat; Bruno L’ecuyer of the Investment Migration Council; Philip Marcovici; Professor Christian Joppke, and Judith Gold of the IMF amongst numerous other expert speakers. The full conference program is available for Download >

Henley & Partners is offering a 30% discount to subscribers of this news service. Please note that seats are limited. To take advantage of this offer, simply enter the code VIPNEWS at the start of the registration process.

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Nonsuch Bay Resort Phase 2: Antigua’s Most Attractive Citizenship-by-Investment Option

Set in the heart of a secluded and picturesque bay in Antigua, Nonsuch Bay Resorts has announced plans for the development of Phase 2 with the Marina Residences. Phase 2 will continue to offer incredible value, making Nonsuch Bay the most attractive real estate proposition currently available under the citizenship-by-investment program in Antigua. Built on the west-facing 14 acre foreshore of the 42 acre resort which has been open to the public since 2010, the Marina Residences will provide 188 one bedroom fully-serviced suites, and will include a private plunge pool on the terrace of every room.

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Russia Updates Federal Migration Service Procedure on Dual Citizenship

Russia has updated its Migration Service procedure. A bill on penalties for concealing dual citizenship was signed into law by President Putin in late June 2014 and took effect on August 4 2014. The law obliges Russian citizens to notify the Federal Migration Service within two months of acquiring foreign citizenship. Failure to do so is punishable by a fine. The amendments prepared for a second reading of the bill say that those who fail to notify the migration agency of their dual citizenship on time because they were abroad would be instructed to do so within 30 days of returning to Russia. Foreign citizens who don’t need a visa to enter Russia and refugees would be obliged to do so by 2016. Meanwhile, the Russian Federal Tax Authorities have also just given guidance that tax residence will be no longer just based on exact date count but will include vague concepts that could potentially make one tax resident in Russia much more easily.

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Exceeding Expectations: The Villas at Pinney’s Beach in Nevis

The demand for luxury in St. Kitts and Nevis is being met by The Villas at Pinney’s Beach on the Four Seasons Resort Nevis, with rental rates of up to 70% higher than the original expectation being achieved. The developer originally predicted rentals at between USD 5,000 and USD 6,000 per night. The Villas at Pinney’s Beach have since achieved a per night rental rate of up to USD 8,500. A limited 59 fractions remain on offer at their original launch pricing.

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Visa Free Travel to Brazil for St. Kitts and Nevis Citizens

A St. Kitts and Nevis passport allows visa-free travel to over 130 countries including Hong Kong, Singapore, the UK, the Schengen area, and now also Brazil. The St. Kitts and Nevis Government announced that a visa waiver agreement came into effect on 7 March 2015. The Government said this agreement augurs well for the bilateral relationship between both countries and it forms part of the ongoing initiatives of the Government of St. Kitts and Nevis to boost economic growth, promote and increase trade and investment, and facilitate travel.

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St. Lucia Considers Citizenship-by-Investment

The Caribbean Island nation of St. Lucia has commissioned a report on the feasibility of implementing a citizenship-by-investment program. This was after appointing a task force to analyse which economic activities no longer provided sustainable and persistent economic growth, and to identify models that could potentially spur it on. The task force is in favour of citizenship-by-investment. The report, to which Henley & Partners contributed, details the benefits and highlights the successes that this model has already yielded for the Caribbean.

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Sri Lanka Allows Dual Citizenship

While presenting the Interim Budget on January 29 2015, Sri Lankan Finance Minister Ravi Karunanayake announced that the option of dual citizenship would be available to all persons of Sri Lankan origin, and granted after due evaluation. A payment of SLR 500,000 will have to precede each individual request. Furthermore, provision will be made for foreigners seeking resident status in Sri Lanka who are in a position to invest USD 10 million in the country.

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