February 2025 SC Q&A

Sovereign Confidential

Monthly Q&A

  • Antigua and Barbuda, Argentina, Australia, Italy, Panama, Paraguay, Portugal, United Kingdom, United States
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This month’s report covers key developments, including updates on the Corporate Transparency Act, Italy’s decision to cut its naturalization timeline in half, Trump’s newly launched Gold Card, and the factors driving wealthy individuals out of the UK.

In our Q&A section, we address your top questions—such as which passport to use when traveling if you hold multiple, whether you must remain in Argentina after applying for naturalization, and an overview of residency options in Paraguay and Panama.

Here’s a complete list of topics featured in this month’s expanded Q&A rollup:

World Events and Updates

  • Beneficial Owner Information Reporting is Back… Again
  • Italy Moves to Halve Naturalization Time to 5 Years
  • Portugal (Finally) Takes Steps to Address Golden Visa Backlog
  • Trump Announces “Gold Card”: The Green Card’s Elite Counterpart
  • The UK Lost over 10,000 Millionaires in 2024 due to Tax Reform

Questions & Answers

  • Should you use a CBI passport for travel?
  • Do You Need to Be In Argentina During the Naturalization Phase?
  • Can Overseas Pension System Protect Your Savings?
  • Residency Opportunities in Paraguay and Panama

World Events and Updates Beneficial Owner Information Reporting is Back… Again The ongoing political tug-of-war over Beneficial Owner Information (BOI) reporting under the Corporate Transparency Act (CTA) has resurfaced yet again. According to FinCEN’s latest update, due to new legal developments surrounding the CTA, the BOI reporting requirement is back in effect.  (You can dive…

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