Estate Living Magazine #liveyourbestlife - Issue 46 December 2019 | Page 56

L I v E
S M A R T
NOT THAT KIND OF
LSD TRIP
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Y
CM
MY
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Some good citizen-by-investment options
There are some fabulous citizen-by-investment
opportunities for gaining a more powerful
passport and/or living in a safe, secure and
convenient location. But emigrating is a big
step, so – regardless of how attractive the nuts
and bolts of the offer – you really should make
sure your soon-to-be-adopted home is a place
where you could actually live. And the best way
to do that is to take an LSD trip. This kind of LSD
trip is not a psychedelic, away-with-the-fairies
experience – quite the opposite. LSD stands for
‘look, see and decide’, and it’s a practical, sober
exploratory trip that is undertaken with open
eyes and an open mind.
Mauritius – Establishing a business in Mauritius is an efficient and
streamlined process and no local partnership is required. Taxes are
simple and attractive for both corporates and personal, capped at
15% and there is no capital gains tax, property tax or inheritance tax.
Lisbon – Portugal’s Golden Visa entails investing 500,000 euros
in property, or a million euros in a business that creates 10 jobs in
Portugal. A Golden Visa gives you the right to live in Portugal, and to
apply for citizenship after six years. Lisbon is popular due to the ease
of travel in the Schengen area, and easy access to Europe.
Malta – The Malta Individual Investor Programme, which offers full
citizenship that can be passed on to future generations by descent,
requires a significant contribution to the government-established
National Development and Social Fund.
Cyprus – Cyprus offers exemptions from tax on dividends and
interest income received worldwide over a period of 17 years for
‘non-domiciled’ tax residents. Cyprus also has zero inheritance or
immovable property tax, and has the lowest income tax rate in the EU.
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