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to many factors, including the ability to work from any
location, more people living off capital instead of labor,
and governments offering immigration opportunities for
those willing to bring their capital or their expertise. In some
cases, governments compete for immigrants by offering tax
incentives. These tax incentives often include the exclusion
of certain kinds of income, usually foreign, from taxation for
certain periods of time. The Netherlands is an example of
excluding domestic income and Portugal is an example of
excluding foreign income.
These citizenship -by-investment and residency-by-
investment industries are alive, well and growing. The industry
growth is the result of individuals who want or need to acquire
a new country for their residency or citizenship, or at least
the option of being able to move to a new country. Countries
need the investment capital that individuals can bring.
Entrepreneurs act as intermediaries and match individuals
with their countries of choice. Some destination countries
offer citizenship. Some destination countries offer residency,
and some offer both.
RESIDENCY FOR TAX PURPOSES
Residency for immigration purposes is often different
from residence for tax purposes. When considering
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