The Prime Minister of Thailand, Srettha Thavisin, has proposed creating a joint visa program with Southeast Asian countries, Bloomberg reports. The development of an analogue to the European Schengen visa aims to allow people from around the world to travel freely between the six neighboring countries, the agency writes. In recent months, Thavisin has been […]

The Turkish government announced the introduction of the Digital Nomad Visa (DNV) and its prerequisites on April 23, 2024. While the concept of the DNV has been in the works for some time, its necessity became more apparent as the government began tightening regulations on tourist residency permits. Ece Selin Temel, a Turkish immigration lawyer, […]

The European Parliament has ushered in a comprehensive set of legislative measures aimed at bolstering the European Union’s capacity to combat money laundering and terrorist financing. These new laws ensure that individuals with a genuine interest, such as journalists, media practitioners, civil society groups, regulatory authorities, and oversight bodies, will have immediate, unfiltered, and free […]

The Economist Intelligence Unit (EIU) has released its latest ranking of the best places worldwide to conduct business, placing Singapore, Denmark, and the U.S. in the top three spots. According to Prianthi Roy, EIU’s Country Forecast Manager and Europe analyst, Singapore maintains its position as the premier business destination globally due to its political stability […]

A leading US brokerage predicts that banks will need to reduce their involvement in commercial real estate due to a looming $2 trillion debt “wall” set to mature over the next three years. Barry Gosin, CEO of Newmark, foresees significant pressure on US banks as post-financial crisis regulations necessitate loan liquidation or alternative strategies to […]

Some Swiss banks have begun closing accounts for individuals holding both Swiss and Russian citizenship. This information was provided by the managing partner of the legal firm Leolex in Switzerland, Roman Kudinov, speaking with “Vedomosti.” Also aware of this existing practice in Switzerland is Ekaterina Popova from the multi-family office ITSWM. According to Kudinov, issues […]

On March 22, the Ministry of Interior of the Republic of Cyprus announced the resumption of the process of accepting and reviewing applications for naturalization in accordance with the citizenship law passed by Parliament on November 30, 2023. For almost four months, this process was frozen pending clarifications from the migration department. To obtain Cypriot […]

In many countries, access to Portuguese consulates for obtaining visas has become limited. Now Portuguese visas processing is handled by the private company VFS Global, registered in Dubai. It collects personal and biometric data from applicants and forwards them to national authorities for decision-making. The Ministry of Foreign Affairs asserts that VFS Global is certified […]

In an interview with the Associated Press, IRS Commissioner Danny Werfel emphasized the agency’s determination to target wealthy tax evaders who exploit loopholes such as deducting private jet travel. Werfel urged these individuals to pay their fair share to alleviate the burden on other taxpayers. He also encouraged ordinary taxpayers to promptly file their taxes […]

On Tuesday, Members of the European Parliament adopted a resolution rejecting the proposal by the European Commission to remove the UAE, Gibraltar, Panama, Barbados, and Uganda from the list of third countries at high risk with strategic deficiencies in anti-money laundering and countering the financing of terrorism (AML/CFT). Earlier in March 2024, the European Commission […]