Citizenship by Investment Programs - Webinar
On Wednesday, September 20th at 14:30 London time, Taxlinked hosted a webinar that focused on Citizenship by Investment programs throughout the globe.
We gathered several experts in the world of citizenship and residency programs who answered all of your questions on this growing topic of interest for wealth managers and HNWIs.
Submit Your Citizenship by Investment Question
If you have any follow-up questions for pur panelists, please make sure to submit them below.
SUBMIT YOUR QUESTIONS
Here are a few of the questions that were discussed by our panelists.
- How does citizenship by investment differ from residence by investment and why is it a booming industry?
- Who is seeking second citizenship and what are they key motivations?
- Given that more and more jurisdictions offer citizenship through investment, how should investors decide which jurisdiction suit them?
- What is required to keep high standards within the CBI industry?
- How important is due diligence to the CBI industry?
- How do CBI programs contribute to the countries offering their citizenship? What sort of benefits do countries offering CBI programs receive from these sales?
- What are the main advantages and disadvantages of the Cyprus Citizenship by Investment program? How successful has the Cypriot program been in attracting HNWIs?
- Is it better to invest in citizenship by purchasing property or investing in a business? Or donating to the government in the case of some Caribbean programs?
- In terms of tax or wealth management prospects, what are some of the unique opportunities in the Caribbean?
- How does the economic citizenship industry benefit the applicants?
- The Caribbean holds 5 out of 12 CBI programmes in the world - why is that and what makes their programmes so popular?
- Does CBI in the Caribbean imply tax residence in the Caribbean?
- Is there any research on how the benefits of CBIs outweigh their disadvantages?
- Considering that tax laws change so quickly, is there a chance that investors potentially pick a jurisdiction that might make the granting of permanent residency or citizenship nearly impossible to attain some years after the investment was made?
- Can someone provide details about the CBI requirements for Brazil? Is it true there are developed communities for foreigners in the north of Brazil?
- And plenty more!
In case you missed the event, here's its full audio-recording. Stay tuned for the transcript which should be released shortly.
Our Citizenship by Investment Experts
Laszlo Kiss, Managing Director, Discus Holdings Ltd, Malta
Laszlo Kiss is the founder, owner and managing director of Discus Holdings Ltd., which was one of the official exclusive agents appointed by the Economics Committee of the Hungarian Parliament in 2013 to handle applications for the Hungarian Residency Bond Program.
Many in the international immigration and business community regard Mr. Laszlo Kiss as a leading authority and much-sought-after speaker on immigration, entrepreneurship, business and tax structuring in Central and Eastern Europe.
Laszlo has over twenty years of experience in international immigration, business and tax structuring. He founded OCRA (Eastern Europe) Ltd., which became the largest privately-owned consultancy firm in Hungary to offer tax and corporate structuring and immigration solutions in Hungary. After running the company as managing director he retired from the day-to-day management of the business in 2006, concentrating in private equity and real estate investments. He founded Discus Holdings Ltd., in 2013, a private company offering participation in the Hungarian Residency Bond Program.
Academically, Laszlo earned his Bachelor’s from the College of Hospitality and Tourism, his Master’s from the Budapest University of Economics. He became a certified tax advisor in 1990 and studied International Relations at the Salve Regina University on Rhode Island, USA. He has been a member of the International Tax Planning Association (ITPA) since 1994 and the Society of Trust and Estate Practitioners (STEP) since 2006, and works as the Treasurer of the Hungarian STEP Branch.
Micha-Rose Emmett, CEO, CS Global Partners, UK
(Micha was unable to attend the day of the event and Andres Gutierrez, Business Development Manager at CS Global Partners, covered for her.)
Micha is the CEO of CS Global Partners, a leading international advisory firm, and a dual qualified attorney.
Micha travels extensively to provide consultancy services to private clients and governments in Europe and the Caribbean. Micha also operates in Africa, the Middle East, and Asia, where she has been a speaker at a wide array of international events focusing on citizenship by investment (CBI), global citizenship, and foreign direct investment.
In her role as government advisor, Micha has spearheaded many of the recent developments in the field of CBI. She holds the strong belief that CBI programmes can be of value both to governments seeking to attract investors, and to individuals pursuing greater freedom. A dual citizen herself, Micha recognises that citizenship is an affair of the heart as much as of the mind.
Micha is a member of several philanthropic organisations focusing on gender equality and education.
Bruno L'Ecuyer, CEO, Investment Migration Council, Switzerland
Mr. L’ecuyer is the first chief executive of the Investment Migration Council, the worldwide association of investor immigration and citizenship-by-investment professionals. Bruno leads the Secretariat reporting to the Governing Board and is responsible for all IMC operations. A regular contributor to international publications and conferences in Europe, the Middle East and Asia, he has held positions in London, Paris and Hong Kong. Bruno was previously head at a national financial services association, acting as a bridge between government and industry. He has extensive expertise and experience in the management and expansion of a professional services association. A member of the Governing Board, Bruno acts as its Secretary.
Vasiliki Petrou, Corporate Lawyer, Meridian Trust - Corporate & Fiduciary Services, Cyprus
Vasiliki Petrou is a Corporate Lawyer at Meridian Trust - Corporate & Fiduciary Services located in Larnaca, Cyprus. Vasiliki manages a portfolio of corporate clients with her main responsibilities being drafting, reviewing and negotiating commercial agreements and documentation, handling and concluding commercial dealings, advising clients regarding the Cyprus Citizenship by Investment program, including but not limited to the required financial criteria and conditions, application procedures, investment options, and preparation and submission of all required documents.
Vasiliki graduated from the University of Leicester in the UK in 2010 where she obtained an LLB Law degree. The following year, Vasiliki acquired a postgraduate degree (LLM) in International Business and Commercial Law with a specialization in Corporate Governance and European Takeover Bids from the University of Manchester, UK. In 2012, Vasiliki was admitted to the Cyprus Bar Association, having successfully passed her Cyprus Bar exams and has been practising law since then. Vasiliki recently received another postgraduate degree (MSc) in Business Management with a specialization in Strategic Corporate Social Responsibility from the Cyprus International Institute of Management (CIIM).