How does this compare to similar schemes in other countries? I believe Portugal is a popular destination for acquiring EU Passport. The UAE also has a golden visa, but it is not a path to citizenship or a passport.
The US taxes worldwide income therefore anybody with significant worldwide income would not want to become a US citizen (unless they also have other motivations apart from money).
A country offering a passport is hoping the applicant will spend their money in the country: however most wealthy applicants are capitalists that want to grow their wealth not shrink it. Therefore applicants would choose qualifying investments that don't cost them money (and thus don't increase income for the country). In theory angel/VC investors could grow the pie, but I'm skeptical.
From what I have seen the investment schemes have significant loopholes - almost as if the schemes are just shams with lies that appease voters.
It would be interesting to see an analysis of whether the schemes are net positive for countries.
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[ 2.8 ms ] story [ 33.2 ms ] threadA country offering a passport is hoping the applicant will spend their money in the country: however most wealthy applicants are capitalists that want to grow their wealth not shrink it. Therefore applicants would choose qualifying investments that don't cost them money (and thus don't increase income for the country). In theory angel/VC investors could grow the pie, but I'm skeptical.
From what I have seen the investment schemes have significant loopholes - almost as if the schemes are just shams with lies that appease voters.
It would be interesting to see an analysis of whether the schemes are net positive for countries.