August 2024 SC Q&A

Sovereign Confidential

Monthly Q&A

In this resource we've covered...

This month's report highlights recent changes in tax incentives for new residents across Europe, all of which are unfavorable. Italy, Portugal, and the UK have become less appealing to those looking to establish tax residency there.

This serves as a reminder that we must seize great opportunities while they last. Government priorities inevitably shift, and exceptional offers, whether they are residency or citizenship programs or tax incentives, eventually disappear.

Additionally, we explore the strategy of switching between gold and silver based on the ratio between the metals and examine whether Singapore remains a viable option for wealth storage.

Here are all the events covered in this month’s enhanced Q&A rollup:

Updates

  • Italy doubles its Flat Tax regime to €200,000
  • Heavily Watered-Down NHR Regime is Back in Portugal
  • The UK is Replacing Its Non-Dom Regime with a Time-Limited Tax Exemption

Questions & Answers

  • Update on the Gold-to-Silver Ratio Strategy of Switching Between Metals
  • Can Savings Help You Qualify for Any of Malaysia's MM2H Programs?
  • Our Latest Take on Singapore as a Business Destination

Updates (on past events and writings) Italy doubles its Flat Tax regime to €200,000 Since 2017, Italy has offered an attractive tax incentive: in exchange for a flat €100,000 annual tax payment, new residents are exempt from taxation on overseas earnings, gifts, and inheritance for 15 years.  This policy was an initiative by the previous…

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