October 2025 SC Q&A

Sovereign Confidential

Monthly Q&A

  • Botswana, Canada, Croatia (Hrvatska), Dominica, Panama, Paraguay, Saint Vincent and the Grenadines, United States
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October brought a wave of news reshaping the global residency and citizenship landscape.

Panama may soon tie a travel document directly to its Golden Visa. Portugal looks set to double its naturalization timeline to ten years. And Botswana—yes, Botswana—is preparing to launch its own Citizenship by Investment program.

In the Caribbean, two familiar players are stirring: Dominica just strengthened its Citizenship by Investment framework, and Saint Vincent and the Grenadines appears poised to join as the region’s sixth CBI country.

This month’s Schiff Sovereign Confidential Q&A also answers several reader questions—from how some countries adjust capital gains for inflation, to whether buying farmland in Croatia can qualify for residency, to what exactly triggers FBAR reporting for IRA LLCs held at Silver Bullion.

Here’s what’s inside:

  • Panama’s Golden Visa — now potentially coming with a passport.
  • Portugal’s naturalization law — timeline set to double to 10 years.
  • Botswana’s CBI program — Africa’s next entry to watch.
  • Dominica’s CBI — a quiet but meaningful upgrade.
  • Saint Vincent & the Grenadines — edging toward a CBI debut.
  • Capital gains after inflation — where the tax code actually makes sense.
  • Croatia — can farmland investment lead to residency?
  • IRA LLCs at Silver Bullion — FBAR obligations clarified
  • Paraguay — does $70,000 in real estate qualify for residency?

World Events and Updates Panama’s Golden Visa May Soon Come with its Very Own Passport As a reminder, Panama’s Qualified Investor Visa (its Golden Visa) grants immediate permanent residency once an investor meets one of the following requirements: $300,000 in real estate (scheduled to rise to $500,000 after October 2026, though the deadline has already…

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