Global Investment Voice

Think Portugal lost its shine when they scrapped the real estate route? Think again. In this episode of Global Investment Voice, Mona Shah and Rebecca Singh bring back immigration expert Tiago Gali Macedo to discuss Portugal’s Golden Visa Program. They dig into the route, which is stealing the spotlight, the cultural heritage donation. At a price tag of €200,000- €250,000 for Portuguese residency it’s less than half the cost of the popular €500k fund route and buys you the exact same residence permit. The same Schengen residence, right to live, work and study, but a smaller check. However, before you book your flights there are some questions worth answering. What safeguards exist to ensure cultural projects are vetted? Where does your money go? And, with no return of capital, is the cultural route simply the most expensive option in disguise? Tiago breaks it all down for you including why an investors position is more protected than expected. There is also a hint at something new on the horizon, can you keep the secret? If you are weighing up residency options and exploring routes to Europe or trying to get the most out of your money, we deliver the answers to make your decision easier. “Investing 500k in a fund or several funds and 200 or 250 as a donation, you have exactly the same permit with all the same benefits, all the same possibility to get to nationality” – Tiago Gali Macedo Tiago Gali Macedo Tiago Gali Macedo is the managing Partner of Next – Gali Macedo & Associados, an international award winner of Legal Awards since 2013, namely Immigration Law Firm of the Year, Real Estate Law Firm of the Year, Boutique M&A Law Firm of the Year, Insurance Law Firm of the Year, consistently ranked among the Top 25 Global Immigration Attorneys by Uglobal Magazine and member of IMC. Before founding this Firm, he gained invaluable experience working at renowned law Firms, such as Simmons & Simmons Rebelo de Sousa and PricewaterhouseCoopers Portugal. Next – Gali Macedo & Associados is a multidisciplinary Firm with offices in Porto, Lisbon, and Brussels, and its primary areas of expertise encompass Immigration Law, Mergers & Acquisitions, and Foreign Investment. Tiago Gali Macedo also led a career as Professor at various universities, such as Lusíada University (Portugal), Oporto Business School (Portugal), and Baltimore University (USA). Following an academic path focused on fields such as Labor Law and Corporate Law [with a post-graduation in Labor Law (Portugal) and a 2nd Cycle at the Santiago de Compostela University (Spain), he is currently concluding his PhD at Salford University (UK). He started pursuing Immigration Law as a new area of expertise, being now one of his areas of proficiency, frequently as a panelist in some of the main Immigration events held worldwide.

In a previous episode, we said that rural EB-5 projects trade safety for speed; and that did not go down well with everyone.  In this episode, We put the hard questions to Dr. Vish, a developer with over 43 years of experience who is actively building in rural America, with projects spanning from Chicago to Hawaii.  Yes, it’s true that rural projects are moving with processing times spanning six to eight months whilst urban TEA projects sit in queues stretching to eighteen months. But does faster necessarily mean riskier? Dr. Vish makes the compelling case that the urban / rural framing is the wrong lens entirely. The questions and factors that genuinely matter, he argues, surround capital stack depth, developer track record and market strength.  Whether it’s financing myths or developer misconceptions, this episode covers the most persistent assumptions in EB-5 due diligence. Merely stamping a project as “rural” or “urban” tells you little about whether your capital is properly protected. The simple fact we keep returning to is that processing speed is just one input you should consider when choosing a project, not a substitute for the full picture.  For investors, advisors, and anybody exploring EB-5 projects requiring sharper due diligence methods: This episode is one to bookmark.  “So I think instead of branding it as urban versus rural, we have to look at other aspects such as what’s the capital stack and how soon do the investors get their money back? What is the pro forma operating statements? What do they show? There are so many other variables.” – Dr. Vish DR. GANESAN VISVABHARATHY Dr. Ganesan Visvabharathy (“Dr. Vish”) is the founder and CEO of Hawthorne World, a commercial real estate developer. An Electrical Engineer, with an MBA from IIM Ahmadabad, India, and a Ph. D. from the University of Illinois, Champaign, Illinois. His vision of providing affordable housing for the masses has led him to do several projects in areas not previously known for the same. In several of Chicago’s gleaming suburbs and neighborhoods, his firm was able to offer housing at a price well below the competition, thus providing an opportunity for thousands to own their homes, an unthinkable task previously for many of them. Such housing has been made possible by the relentless efforts of Dr. Vish, and his team, with a razor-like focus on technology, costs, affordability, and elegant design. Over the years, Dr. Vish has proven that ‘green’, and ‘affordability’ are not antonyms, but indeed can be synonymous.

Just before Americans fired up for their Memorial Day weekend, USCIS dropped a policy memo that sent the immigration world into a panic. With lawyers, investors, and visa holders alike scrambling to analyse their message. So, what does it actually mean? And more importantly, should EB-5 investors be worried? In this episode of Global Investment Voice, Mona Shah is joined by immigration attorney Abdul Arif and paralegal Doris Chakra to cut through the chaos and deliver what really matters. Whilst the law hasn't changed, the posture has. Discretion has always existed in adjustment of status decisions, and this memo is less of a revolution and more a reminder of what officers could already do. Crucially for EB-5 investors, the Reform and Integrity Act of 2022 has your back. The right to concurrent filing under Section 245N is baked into statute. No policy memo can override an Act of Congress. But that doesn't mean you should be complacent. The trio dig into what this means for applicants from higher-scrutiny countries, what "extraordinary circumstances" actually means (spoiler: nobody knows yet), and why a well-prepared file with strong counsel is your best defence right now. If you're navigating EB-5, adjustment of status, or US investment immigration, this is the episode you need to hear before your next filing. For those in EB-5 or the adjustment of status process, this is the episode for you “The fear that it has created has given an undue impression that all is lost – when it is not.” – Abdul Arif Abdul Arif Abdul Arif is an EB-5 specialist with a background in international tax law and anti-money laundering. He earned his law degree from St. Thomas University School of Law in Miami and began his legal career primarily practicing white collar criminal defense. Since entering the EB-5 and immigration field in 2018, he has assisted real estate developers in securing over $100 million in project financing, established eight Regional Centers, and filed more than 55 EB-5 petitions in the past few years. His practice also includes EB-5 litigation before the U.S. District Court for the District of Columbia. He is licensed before the Michigan Supreme Court, the United States Supreme Court, and the United States District Court for the Northern District of Texas, and has litigated pro hac vice in numerous states across the United States.

Your next passport could cost less than a luxury car and take you farther!  Until now, you may have never heard of Nauru, a small island nation in the Pacific, with a population of just 12,000 and a landmass you could cross in half an hour. Nauru has launched one of the most disruptive citizenship-by-investment programs yet. With a price tag of $90k, only a 3-4-month waiting time, and zero residency requirement, this one is hard to beat. In today’s episode, Mona Shah is joined by Edward Clark, CEO of the Nauru Program Office, to unveil the program, which is turning heads and issuing passports at a staggering rate. We cover geopolitical anxieties that are driving demand for Nauru citizenship, including fears of military conscription, political uncertainty, and instability in the Middle East. Then there is the family-friendly structure, which lets you bring siblings, adult children, and even your mother-in-law for minimal extra cost! Nauru has 86 visa free destinations to offer, including Singapore, Hong-Kong and the UAE, at a price tag which undercuts Caribbean programs by upwards of $60k. So, whether you need a plan B for your family, want to travel politically neutrally, or are simply intrigued by the CBI markets' newest disruptor, tune in for your introduction to Nauru. Second passports are no longer exclusive to the ultra-wealthy, and Nauru is proof. Edward Clark Edward Clark is the Chief Executive Officer of the Nauru Economic and Climate Resilience Citizenship Program. His role is to oversee the management of the Program Office to ensure it is run effectively and to the highest standards. Edward has extensive experience in the banking and financial services sector, specializing in risk, financial crime compliance, regulatory compliance, and governance. He has worked with large multi-national banks and non-bank institutions across Asia-Pacific including as the Chief Compliance Officer for HSBC’s New Zealand operation. His experience in anti-money laundering, sanctions, combating bribery and corruption as well as fraud and tax evasion are integral to maintaining the integrity of the Program.

Following their article exploring the rural bias built into EB-5’s DNA, Mona Shah and Rebecca Singh further delve into the processing-time gap between rural and urban I-956F applications. Rural projects are sailing through USCIS review in around 8 months whilst urban projects wait significantly longer. This is no administrative accident, but rather congressional intent embedded in the EB-5 Reform and Integrity Act of 2022. But what does this mean for developers and investors today? The pair condense the most pressing queries they are hearing from clients into six main questions. Is the processing gap unlawful discrimination? Does choosing a rural or urban project affect EAD and advance parole time? And, what happens if investors file before the September deadline, but the project is not approved until 2027? However, amongst the uncertainty, one thing is clear. Processing speed is merely a single factor for projects, not the whole picture. The project's resilience, exit strategy and likelihood of capital return matter just as much as a speedy approval. As the September 2026 deadline swiftly approaches, this episode is essential for investors and develops seeking clarity in the EB-5 programs complexity.

Wondering where your next global mobility move could take you? Mona sits down with Frank Cheang of Elysium 8 Holdings, a firm describing itself as more than a brokerage but a strategic gateway. They discuss three countries: Japan, Portugal, and Greece, including where investors are going wrong. Our discussion begins with Japanese real estate, and the numbers alone are worth listening to. Foreign investors are claiming mortgage rates of 3-5%, whilst citizens can borrow at 1% with 100% LTV. Almost 250 episodes into Global Investment Voice, and we are only just landing in Japan… We should have booked this trip sooner. From there, we move on to the better-known programs along the Mediterranean, with benefits that are harder to put a price on. Freedom to move, work, and outstanding education options. Portugal’s Golden Visa has raised over six billion euros and offers the fastest route to citizenship in Europe, five years. Whilst Greece takes seven years, they have zero minimum stay requirements, excellent for global investors. Japan, Portugal, and Greece all have something different to offer, whether you’re a seasoned investor diversifying or a family weighing up your long-term options. This episode brings all three together to make your choice easier.  Frank Cheang Frank Cheang of Elysium 8 Holdings is a hospitality investment specialist based in Hyogo, Japan, focused on boutique and luxury hotel acquisitions, as well as cross-border real asset strategies. He works with international investors and globally mobile families to source and structure opportunities that align with residency and Golden Visa programs, particularly in Europe, including Portugal and Greece. Collaborating with legal and advisory partners, Frank helps clients navigate both the investment and immigration sides of a transaction, supporting decisions around jurisdiction, capital deployment, and long-term positioning. His work sits at the intersection of hospitality, cross-border investment, and global mobility, where property is increasingly being used not just as an asset class, but as a pathway to greater flexibility, security, and generational planning. Visit Elysium 8 Holdings here

Never mind stocks and bonds, the savviest investors in today’s market are now diversifying with citizenship! In this episode of Global Investment Voice, Mona and Rebecca are joined with Tatiana Muntean from Global Freedom Capital to unveil one of the best kept secrets in the citizenship by investment community. São Tomé and Príncipe. With Trump’s travel bans and pauses shaking up the immigration world and Caribbean CBI programs pricing out everyday investors, São Tomé and Príncipe has quietly entered the market, and it could be the smartest move for your global mobility. With a price tag of just $90,000 (roughly one bitcoin), this small country, located just off the coast of western Africa, offers a fully remote and fast application process. Think of an overlooked pathway to citizenship in Portugal and Brazil, and the kind of privacy that doesn’t make Trump’s list. One passport is no longer enough. Is this the best citizenship buy of 2026? Tatiana Muntean Tatiana Muntean is the Founder and CEO of Global Freedom Capital, a U.S.-based advisory firm specializing in global mobility, second citizenship, and international investment opportunities. With extensive experience advising high-net-worth individuals, family offices, and international partners, she helps clients strategically navigate residency and citizenship programs around the world. Tatiana also works closely with governments and industry stakeholders, providing strategic advisory and on-the-ground support for the development, promotion, and responsible positioning of investment migration programs. She collaborates with partners across Europe, the Americas, Africa, and the Caribbean to expand global mobility opportunities for investors and their families.

Global instability does not wait for anybody! With conflict in the Middle East altering international markets, individuals worldwide are rushing to secure a Plan B for themselves and their families. The U.S. EB-5 Immigrant Investor Program is a top choice. Sam Hussain from BLS Global joins our hosts Mona and Rebecca to ask the burning EB-5 questions his clients keep coming back to, and the answers may just surprise you. Can you still file if your project is already built? And as the September 30th grandfathering deadline approaches swiftly, waiting until summer may already be a costly mistake. We unpack the issues investors must understand before filing, such as source of funds challenges, partial investment strategies, and rural versus TEA considerations. Are you considering EB-5? This episode is a masterclass in what sophisticated investors should know before they consider wiring a single dollar.  Sam Hussain Sam Hussain serves as the director of British publishing house BLS Global, the premiere educational platform for individuals and families pursuing global citizenship. Founded in 2010, BLS Global are recognized leaders in the field of investment immigration, Foreign Direct Investment and organize leading Global Investment Immigration Summits, headquartered in central London with offices in Asia, Middle East and Africa. They are worldwide pioneers in organizing events within emerging investment immigration markets and engaging high-net-worth and ultra-high-net-worth individuals through their investment portfolio CBI Global. They work closely with governments and intermediaries with investor programs that have raised more than USD 200 billion in direct investment.

EB-5 visa applicants from 75 countries woke up to their worst nightmare on January 14th, 2026. Trump announced an executive order indefinitely pausing immigrant visa processing for nationals of certain countries. Investors who have spent months, even years, on their applications and planning are suddenly in Limbo. The reasoning behind the indefinite pause is questionable. The government wants to screen out potential public charges, people who might end up on welfare or food stamps. However, remember that we're discussing investors who must invest between $800,000 and $1 million to obtain an EB-5 visa. How are these people a risk for public assistance? Host Mona Shah sits down with Jill Jones, General Counsel of Institutional Client Services USA for JTC Group to explore what's happening. They talk through the questions everyone in EB-5 is asking, such as whether the panic is justified. Should investors continue with their applications or explore alternative options, such as E-2 visas? Some lawyers are even suggesting clients enter on tourist visas and apply for adjustment of status once they're in the country for ninety days, but that comes with real risks. Amongst this chaos is the September 30th deadline. Regional Centre protections are expiring, which is creating urgency right when this pause is throwing everything into question. If you're an immigration attorney trying to advise worried clients, or an investor wondering what to do next, this conversation cuts through the confusion and gets to what actually matters. “If I had one piece of … advice, I would say don’t panic. And I would say to investors on the list of 75 countries, don’t stop. Keep going. This will right itself, and it will work out.” — Jill Jones Jill Jones Jill joined JTC in 2020 following the acquisition of NES Financial and is the General Counsel of Institutional Client Services USA. She is General Counsel of Institutional Client Services USA for JTC Group. Responsible for legal, governance, risk and compliance activities in the US, and Jill oversees the Specialty Financial Administration wing, which includes EB-5 Administration, 1031 Exchange, and Delaware Statutory Trust services. With over 20 years of corporate and compliance experience and having been directly involved in over 600 EB-5 development projects, Jill is uniquely skilled at efficiently structuring subscription escrows and is highly regarded as a thought leader throughout the EB-5 market sector. Jill and her team are integral in negotiating contracts with new customers and designing, developing, and going to market with new product solutions.

Recorded on March 2nd 2026 This week’s episode starts off quite unlike one we have experienced before in the 10 years of this podcast series! We speak again with our guest, Sam Bayat, who joins us from Dubai, a city that, just merely hours ago, was under missile alerts and explosions. Sam talks about his experience of a weekend of regional conflicts, and the city’s poise in the face of a disaster.   But the question, of course, comes up: in today’s world, when does a second passport stop being a luxury and become a necessity? We talk about the UAE’s golden visa, how the Government of Dubai managed to maintain order and the implications of this situation for investor confidence in the region. How is Sam’s second office in Tehran managing? Which countries are open for Iranian people? Sam stresses the point that if you only have a passport of one country, you’re always at the mercy of things beyond your control. This is a first-person account of the Gulf’s conflict, and a direct discussion about the implications of passport diversification in 2026. “My message to clients in general is don’t act out of panic and also don’t wait for everything to resolve by itself. Explore both solid regional residency programs, for example, the UAE Golden Visa, and where possible a second citizenship that is actually accessible to you. And of course, if you do apply for second citizenship, this is not a betrayal of your country of origin but to protect your family until the situation becomes better.” — Sam Bayat Sam Bayat In 1993, Mr. Sam Bayat established a boutique law practice in Dubai to promote Canada as a preferred destination for investment and migration. The firm, initially known as “Canadian Legal Services,” marked the first Canadian law firm in the GCC. In 2007, the firm name was changed to Bayat Legal Services. Today, Bayat Group boasts a global presence. The primary areas of expertise encompass corporate migration, economic citizenship, investments, and tax planning. Mr. Bayat has also served as the former president of the Canadian Bar Association’s International Section in Quebec. In addition, check out our previous podcasts with Sam Bayat here!

Very few know about Jesse Jackson’s contributions to the EB-5 Industry. In this special tribute episode, we remember his words and honor his life and legacy . He was a civil rights activist and presidential candidate but above all, a towering moral voice who saw investment not merely as economics but as a pathway to justice. Nine years after he joined us on our podcast, we revisit his powerful words on the Rainbow Push coalition, the Wall Street Project, and the regenerative potential of the EB-5 program. He described economic access as the “fourth stage” of the civil rights movement and reminded us that “Inclusion is the key to growth, when there’s growth, everybody wins.” As we reflect on his life and legacy, we allow his words to speak his vision, a vision of fair opportunity and capital flowing into underserved communities. Rest well, Reverend Jackson. “Let me just say one of his wonderful lines, which was ‘inclusion is the key to growth. When there’s growth, everybody wins.’ That’s the EB-5 program at its best. And that’s the work we’re still doing”- Mona Shah Listen to our podcast episode with Jesse Jackson here

What happens when a country shuts down every business immigration pathway precisely at the moment it needs entrepreneurs the most? Canada is staring down a $2 trillion crisis. With 75% of Canada’s 1.2 million small business owners reportedly planning to exit within the next decade, Canada is facing a succession crisis. Whilst the solution seems obvious to attract new entrepreneurial talent to the country, Canada has instead systematically dismantled almost every route for them to enter. In this episode of Global Investment Voice, immigration expert Sam Bayat joins our host Mona Shah to explore the shocking closure, suspension, and redrafting of major federal business immigration programmes in Canada, at precisely the moment Canada needs entrepreneurs the most. The Federal Investor Programme? Terminated in 2014 after 70,000 fraudulent applications overwhelmed the system. Quebec's investor option? Reduced to single-digit applications after introducing mandatory B2 French proficiency. The innovative Start-Up Visa that once promised so much? Shut down in late 2025 under the weight of 42,000 applications and 35-year processing times. Sam discusses the systemic failures which ended these programmes, such as paper startups and widespread abuse of the system with virtually non-existent enforcement. Perhaps most damning is the maths. Canada needs 100,000 entrepreneurs in the next 20 years, but their current intake now is merely 500. Find out which pathways still exist for serious investors in 2026, what created the growing gap between political rhetoric and economic reality and whether the perfect storm of retiring Canadian business owners alongside closed immigration routes is disastrous or an unexpected opportunity. It’s fair to say easy immigration to Canada is over. But has a more strategic game just begun?  “If the government asked me, is business immigration to Canada dead? My answer would be, is politics struggling at the worst possible moment, economically?. This is the time to expand business immigration, not to contract.” — Sam Bayat Sam Bayat In 1993, Mr. Sam Bayat established a boutique law practice in Dubai to promote Canada as a preferred destination for investment and migration. The firm, initially known as “Canadian Legal Services,” marked the first Canadian law firm in the GCC. In 2007, the firm name was changed to Bayat Legal Services. Today, Bayat Group boasts a global presence. The primary areas of expertise encompass corporate migration, economic citizenship, investments, and tax planning. Mr. Bayat has also served as the former president of the Canadian Bar Association’s International Section in Quebec. In addition, check out our previous podcasts with Sam Bayat here! Think you may have missed a podcast? Then check out our recent episodes to catch up!

What happens when a G7 leader accidentally makes the case for citizenship and residency by investment on the world’s biggest stage? Canadian Prime Minister Mark Carney made an unexpected declaration, stating the end of the American-led world order at Davos 2026. In doing so, he unknowingly provided the framework to validate what millions of globally mobile individuals have known all along. Multiple citizenships are not divided loyalties, but rather a means of survival, through an insurance policy. In this explorative episode of Global Investment Voice, host Mona Shah reunites with Iliana Oris Valiente, who was attending Davos at the time of Carney’s bombshell speech. Together, they unpack what this means for RCBI programmes across the globe, from the Americas to Europe and beyond. You’ll discover the reason why Carney’s restructuring of sovereignty highlights second citizenship as a necessity and hear tell-all statistics from Henley & Partners’ 2026 Global Mobility Report, revealing Canada and the UK are dropping in mobility rankings. The conversation explores the evolution of citizenship from a loyalty pledge to a portfolio of strategic rights. From AI’s disruption of the nature of work to the explosive rise of what Iliana has coined “The Flexible Class,” we connect the dots between geopolitics, investment migration, and your family’s freedom strategy. So, whether you’re considering future-proofing your family’s global options or learning more about Davos, this episode reveals why 2026 may be remembered as when multiple citizenships became a strategic necessity. The world order has shifted. But the real question is: Has your citizenship strategy kept pace?  “Globally mobile individuals, they’re effectively purchasing insurance policies and the right to live, the right to work in multiple jurisdictions and creating that diversified portfolio effect. And that is exactly the intellectual scaffolding that Carney had laid out in his call and in his pleas.”- Iliana Oris Valiente Iliana Oris Valiente Iliana Oris Valiente is the founder of The Flexible Class, a movement designed for global citizens who blend work and travel across multiple home bases. She spends her days as an executive in the corporate world, and she’s also a venture capital investor, and a board member. A published author and frequent speaker featured in the financial times to Bloomberg. The Flexible Class can be found here.

What if the future of global migration and citizenship wasn’t about uprooting your life from one place to another, but about multiplying it? Have you ever thought about calling more than one country home? Welcome to the reality of a Globally Mobile Individual. A rapidly growing group of entrepreneurs, remote workers, digital nomads, and retirees who aren’t restricted by borders or traditional migration routes. A community that values the flexibility to build their own lives focused on their own choices and needs. In this episode of Global Investment Voice, we sit down with Iliana Oris Valiente, founder of The Flexible Class to further explore this growing community of global citizens. We discuss the ins and outs of who is driving this movement and what they are really chasing: better climate, lifestyle or freedom to create a life across continents. Iliana uncovers the practical considerations of joining this community, from real estate to your children's education, we discuss the full works. She also reveals how her platform, The Flexible Class, is supporting these unique individuals in managing cross-border finances, securing golden visas, global health coverage, and lots more. And, of course, we discuss locations. The world really is your oyster when you’re part of the flexible class. So, whether you're exploring second citizenship, dreaming of spreading your life across the continents, a remote worker craving some sunshine, or simply curious about global citizenship, this episode offers a whistle-stop tour into the migration revolution. You certainly don’t want to miss this one.  “[Digital Nomads] are starting to ask the question: why am I limited to the office that I work in? or even the country that I’m based in? That very simple question has spawned a massive trend of people and citizens of the world who are questioning foundational assumptions. They are picking and choosing places from which they are working and temporarily living, in the same way a person would choose a coffee shop to explore for the week.”- Iliana Oris Valiente Iliana Oris Valiente Iliana Oris Valiente is the founder of The Flexible Class, a movement designed for global citizens who blend work and travel across multiple home bases. She spends her days as an executive in the corporate world, and she’s also a venture capital investor, and a board member. A published author and frequent speaker featured in the financial times to Bloomberg. The Flexible Class can be found here.

Happy New Year! As 2026 begins and a year of heightened uncertainty in U.S. immigration comes to a close, Mona and Rebecca discuss what the changed landscape may mean for investors heading into the new year. Will we see the sun set on the EB-5 program, replaced by Trump’s so-called fast and flexible Gold Cards? All is revealed in our analysis of what to expect in 2026. We revisit a year defined by disruption. The return of Trump-era immigration policies, categorized by renewed travel bans and tighter restrictions, collided with a USCIS adjudication crisis in which requests for evidence and denials reached historic highs. Together, these forces reshaped the EB-5 landscape, driving investor caution.  Yet, it was not all bad news. Game changing legal developments, including the landmark ruling in Battineni v. Mayorkas, began to recalibrate source of funds expectations, pushing back unreasonable document demands and offering much needed clarity for attorneys and investors alike. This episode also explores the growing ‘American Exodus’ as record numbers of U.S. citizens seek second passports, foreign residency and global ‘plan B’ options amid political and economical uncertainty. So, whether you’re weighing EB-5 against the Gold Card, navigating USCIS scrutiny, or exploring global ‘plan B’ options, tune in for the insight and foresight you need to navigate 2026 with confidence. 

"No taxation without representation!" One of the rallying cries of the American Revolution--but here's the twist: the reverse is also true! What if you could keep your blue passport, stay on American soil, and legally reduce your tax bill by 90% or more? Sounds too good to be true, right? Welcome to Puerto Rico. The U.S. territory that most Americans overlook is quietly becoming a magnet for savvy entrepreneurs, crypto millionaires, and anyone tired of writing massive checks to the IRS. Residents don't get to vote in federal elections, but in exchange? Some of the most jaw-dropping tax incentives you'll find anywhere in the world. Developer and longtime Puerto Rico resident Angus Beavers sits down with Mona and Rebecca to pull back the curtain on what life is really like after making the move. The money you'll save. The lifestyle you'll gain. The mistakes people make. The surprises nobody tells you about. Whether you're already packing your bags or just wondering if there's a better way than hemorrhaging money to Uncle Sam every April, this episode will change how you think about taxes, citizenship, and what's actually possible. Ready to explore the 4% solution? “Well, the fact of the matter is there is only one residency in the entire world where you can live and actually not be subject to the IRS federal tax code. And that happens to be Puerto Rico, the territory, the U.S. territory. […] And literally the bottom line is, their tax code, you lose the ability to vote by moving there, you just give up the right to vote on a federal level. So, you can’t vote for the president. You don’t have a senator or a congressman representing you. Conversely, you don’t get clipped by taxes. And it all goes back to the old, the axiom which started the American Revolution against the Brits. No taxation without representation.” – Angus Beavers Angus Beavers Angus Beavers is a licensed Real Estate Agent & Developer in Puerto Rico, Connecticut, and New York. An inveterate entrepreneur, he has been a founder of hospitality, real estate, travel, and entertainment ventures — often in one entity.  A little more than a year after he graduated from The University of Pennsylvania, Angus was promoting events at the world famous disco, Studio 54.  Not long after that he opened his first hospitality project, The Surf Club,  a renown nightclub for Wall Street denizens which made him a millionaire at age 24.  In the following years he developed housing in the ski resort of Park City, Utah (Winter Olympics Venue), and rolled out no less than 6 nightclubs and restaurants in LA, NYC, and Dallas, Texas.  Today he is a land Investor in Culebra Island, Puerto Rico — a little known tax paradise in the Caribbean. Since Travel and experiences are seminal to his happiness, it is no surprise that Angus’ current projects include a travel app, RoadSpoke, which is a winner of the Walton (Walmart) Family SCALE Challenge as well as an off-the-grid branded residences resort, The Haciendas of Culebra, which is more about preservation than development. He actively seeks seed and strategic stakeholders for ventures which create new industries. All projects leverage a competitive advantage over existing enterprises. Simultaneously, he creates socially and environmentally beneficial ventures that monetize wellness beyond the bottom-line. Find out how we can be an invaluable partner for you! (Contact us at 435.962.0094  [email protected]  www.CulebraRealty.com)

Isolation or Paradise? New Zealand is famous for its stunning landscapes and has a reputation for a very high quality of life. However, for those considering a move, their residency through investment program is one of the most expensive--almost three million (US) dollars. So, when it comes down to it, what does one get for that price? Is everything that expensive? Does the remoteness get lonely for new immigrants, or is it a sanctuary from the chaos around the world? Still connected, but at a safe distance!  Mona and Rebecca are out to find the truth! Native New Zealander Mischa Mannix joins to discuss the pros and cons of the Kiwi lifestyle. “The safe haven idea of New Zealand being so far away from the world, but still connected. Still well-informed on global issues and what’s going around and going on in the world. But really see the distance that we have, being so far away from the global volatility, as a real attraction.” – Mischa Mannix Mischa Mannix Mischa Mannix-Opie has held senior leadership roles in international market development, sales, marketing, and communications across New Zealand and offshore. She spent eight years with Tourism New Zealand, including as Marketing Manager for North America and as Regional Manager South and South-East Asia, leading B2B and B2C marketing, partnerships, and aviation route development.  She then became Head of South and South-East Asia for national carrier Air New Zealand in Singapore, responsible for developing market strategy and launching new services.   Before joining Greener Pastures New Zealand, Mischa was Executive Director of New Zealand G2G, a joint venture between New Zealand Trade & Enterprise and the Ministry of Foreign Affairs and Trade, leading global teams delivering New Zealand public sector expertise to international governments. She is now Director of Client Experience at Greener Pastures New Zealand, an investment management and lifestyle advisory firm supporting high-net-worth investors through the Active Investor Plus visa. Mischa works from her home office in Greytown when she isn’t travelling offshore, which allows her to be closer to her most important roles — mum to Lucia (10) and Francesca (8), and wife to Dixon.

As the Trump Administration takes a firm hold of all immigration, this is a word that is becoming all too common. Sadly, it's becoming a more common story. A person applies for EB-5. They listen to their lawyer, they follow all the rules, and they patiently wait for their conditional green card. Then, years pass. They get a job, buy a home, and build a life. They pay their taxes and become part of their community. However, at the final stage of the process, despite doing everything right, they get a denial. Worse, they get a notice to appear before an immigration judge. Why? And what can they do? Unfortunately, more and more people are asking those questions. Why is USCIS issuing more Notices to Appear? How worried should people be? Has there been any success fighting these? Mona and Rebecca sit down with John Pratt to tackle the complicated thorny topic of denials in the final stretch of the EB-5 process. “And they have a plan. They have a plan to, bottom line is, assign military judges to do immigration. Now, you know, again, I think that these judges are going to be fair, but there’s disparities in the immigration judge who you get. There are disparities in the prosecutor. […] [President Trump] singled out, among other petitions, I-485 denials, I-829 denials. What he instructed the agency is to no longer procrastinate, and as soon as they deny it, to put the person in a removal proceeding context. Let’s also remember not to create fear. The big, beautiful bill just awarded DHS, ICE, and the prosecutors over 40 billion dollars to ramp up deportation. That’s part of what’s happening.” – John Patrick Pratt John Patrick Pratt received his Bachelor of Arts from Florida State University with honors in 1994. He graduated from Tulane University School of Law, receiving his juris doctor degree in 1997. Mr. Pratt also studied abroad at the University of Paris and is fluent in Spanish. Mr. Pratt is admitted to the bar of the State of Florida, the District of Columbia, United States District Court for the Southern District of Florida, United States Court of Appeals for the Eleventh Circuit, United States Court of Appeals for the Ninth Circuit, and United States Supreme Court. He is a member of the American Immigration Lawyers Association and the American Bar Association. Mr. Pratt has appeared numerous times on local, national, and international television as a commentator analyzing immigration and nationality law matters. He is a frequent speaker on immigration matters at national and local conferences. In addition, Mr. Pratt’s biography has been selected for inclusion in Who’s Who in American Law, Who’s Who in America, Who’s Who in the World, and the South Florida Legal Guide selected him as an Up-and-Coming Attorney. Furthermore, has been selected as one of the top attorneys in Immigration and Nationality law by the publication Best Lawyers in America and is AV Rated by Martindale-Hubbell, which indicates the highest level of legal ability & ethics. Mr. Pratt concentrates on all areas of immigration and nationality law, including employment-based immigrant and nonimmigrant petitions, deportation or removal, and federal court litigation. In addition, check out our previous podcasts with John Pratt here!

Funding a Portugal Golden Visa Portugal has jumped in popularity. The European nation has inarguably been one of the most popular golden visa programs to pursue. While buying a house no longer gets one residency, thousands are still choosing to make the country their home.  For folk from the United States, there is an opportunity to use 401K and Retirement funds to actually fund a Golden Visa to Portugal. What are the options or alternatives to using retirement funds for folk from other countries? Are there any tax benefits?  Mona and Rebecca sit down with Tiago Gali Macdeo to discuss funding options as well as to why Portugal continues to draw so many applicants from the United States and around the world. What challenges can one expect to face? And does the country really live up to all that hype?  Tiago Gali Macedo Tiago Gali Macedo is the managing Partner of Next – Gali Macedo & Associados, an international award winner of Legal Awards since 2013, namely Immigration Law Firm of the Year, Real Estate Law Firm of the Year, Boutique M&A Law Firm of the Year, Insurance Law Firm of the Year, consistently ranked among the Top 25 Global Immigration Attorneys by Uglobal Magazine and member of IMC. Before founding this Firm, he gained invaluable experience working at renowned law Firms, such as Simmons & Simmons Rebelo de Sousa and PricewaterhouseCoopers Portugal. Next – Gali Macedo & Associados is a multidisciplinary Firm with offices in Porto, Lisbon, and Brussels, and its primary areas of expertise encompass Immigration Law, Mergers & Acquisitions, and Foreign Investment. Tiago Gali Macedo also led a career as Professor at various universities, such as Lusíada University (Portugal), Oporto Business School (Portugal), and Baltimore University (USA). Following an academic path focused on fields such as Labor Law and Corporate Law [with a post-graduation in Labor Law (Portugal) and a 2nd Cycle at the Santiago de Compostela University (Spain), he is currently concluding his PhD at Salford University (UK). He started pursuing Immigration Law as a new area of expertise, being now one of his areas of proficiency, frequently as a panelist in some of the main Immigration events held worldwide.

Are you considering immigration to the US through an investment? Investing via Trump’s Gold Card over an EB-5 Investment?  This podcast episode is for you. This podcast episode offers a focused discussion on the Gold Card and EB-5 investment options, highlighting key differences and considerations for potential investors. Hosts Mona and Rebecca are joined by Radhika Chopra, an experienced advisor from InvestAmerica, a firm with a strong track record in EB-5 project selection, having assisted over 700 families and raised over $400 million in capital. While the podcast revolves around the fundamental differences between the two tracks, as the Gold Card involves a non-refundable donation, EB-5 investments offer the potential for a return of capital, along with interest. However, this potential return comes with a greater need for thorough due diligence, the importance of enlisting qualified financial advisors and specialized due diligence firms to assess project viability. Radhika discusses and highlights the complexities involved in evaluating EB-5 projects, from understanding market dynamics to navigating regulatory hurdles. Beyond the financial aspects, the discussion addresses the challenges investors face in understanding the U.S. landscape, navigating cultural differences, and establishing direct lines of communication with developers. The episode underscores the importance of looking beyond regional centers and engaging directly with developers to gain a comprehensive understanding of the project's potential and risks. This episode serves as a valuable resource for anyone considering investment as a pathway to US immigration, providing insights into the key factors that can lead to a successful and informed investment decision. Radhika Chopra Radhika is an advisor with InvestAmerica, a placement agent that specializes in EB5 and works with investors to provide investment guidance tailored to their needs. She has over ten years of experience as a financial professional in the investments industry. Her background lends expertise in private capital fundraising, investment analyses, financial marketing and project management. She most recently was a private placement investment professional at M2O where she helped place institutional investors in private equity funds. In her role at M2O she worked on raising over $1 billion in commitments for private equity mandates.  Prior to her time at M2O, Radhika worked in the hospitality industry through various roles including working as a Chief of Staff for senior management at Convene, a premium provider of serviced workspaces and meeting spaces throughout the world. Radhika. Through her role at Convene she assessed inorganic growth opportunities for the company and its board, as well as raised +$100 million in capital via the debt markets for the company’s first corporate debt raise. Radhika began her career in investment banking at RBS and Nomura.  Radhika completed her MBA at The Wharton School, University of Pennsylvania. Prior to her MBA, she studied finance and marketing at the Lubin School of Business, Pace University.

A Realistic Look at Trump’s Latest Proclamation on the Gold Card It’s alive–almost! After over six months of relative silence, Trump’s proposed “gold card” has finally started to show some movement. However, the executive order issued on September 19, 2025, has raised even more questions. What’s the difference between a gold card and a platinum card? How would you apply? Is the 90-day deadline even feasible to get it off the ground? And what does the Gold Card mean for EB-5? Mona and Rebecca break down what we know so far, including how the card competes with existing USCIS programs, how it compares to golden visas in other nations, and what we can expect to see in the next few months.

Is moving to Russia on your radar for investment or relocation? Prepare to have your perceptions challenged! This podcast dives deep into the often-misunderstood landscape of Russia, moving beyond the headlines to explore the lifestyle, culture, and surprising economic opportunities it presents. Join us as we welcome Ilja Belobragin, a seasoned expert with over 20 years of international experience. Ilja sheds light on why Russia remains an intriguing option, offering actionable advice for those seriously considering a move. This episode tackles head-on the initial doubts and concerns surrounding Russia, providing honest answers to the questions listeners are likely thinking. We delve into political climate, sanctions, and the overall economic situation. Discover niche industries and sectors in Russia that are particularly attractive to foreign investors and professionals right now. Explore the aspects of Russian culture and lifestyle that appeal to newcomers. How does the cost of living in major Russian cities compare to other popular expat destinations? And what are the requirements for visas and residency? We dispel common misconceptions about Russia, offering insights into cultural nuances that newcomers should be aware of to integrate successfully. Russia isn't for everyone, but it offers unique opportunities and a different perspective. Tune in for this fresh perspective. “So, you have a country that is self-sufficient from the point of energy. Largest landmass in the world, richest from the point of resources, and it’s located closest to the growing markets, which is Asia. You have India, have China, have the whole Southeast Asia that needs to consume all those resources.” – Ilja Belobragin “So, first and foremost: when you become a resident in Russia, either you are temporary or permanent resident, you are eligible for the same health care as a Russian citizen. And the health care is free, and it’s actually getting quite better and better, especially good in Moscow. So, if you have small kids, the doctor will actually come to you, to your home, to check up on the kids for free, right? The next day.” – Ilja Belobragin

Are you a recent citizen of a CBI nation eyeing the U.S. or considering investment opportunities in the Caribbean? Then you need to tune in! The US has launched a pilot program requiring certain visa applicants to post bonds of up to $15,000, signaling that citizens of CBI nations may be the next target under the Trump administration’s expanding immigration policies. Mona and Rebecca, along with their guest, Patrick Peters from the Montreal based CBI company ClientReferrals dissect the latest barrier to traveling into the US for certain folk. &nbsp; Is the recent pilot program requiring visa applicants to post bonds up to $15,000 a targeted hurdle, or simply a sign of a broader shift? We'll unpack the details, the concerns, and the implications for those seeking to enter the U.S. But that's not all! The conversation shifts to the sunny shores of St. Kitts &amp; Nevis, where innovative strategies are underway to boost the island's economy. Mona, Rebecca and Patrick take an exclusive look at the Public Benefit Option (PBO) under the Citizenship by Investment (CBI) program. Discover how a $250,000 contribution can unlock citizenship while fueling economic growth and supporting vital projects like affordable housing. Patrick illuminates how the Government of St. Kitts &amp; Nevis, through the National Housing Corporation, is leveraging these funds to create housing solutions for its citizens. Is the PBO a win-win, offering investors a path to citizenship while driving positive change in the Caribbean? Or are there hidden complexities to consider? From steering potential travel barriers to exploring impactful investment opportunities, this episode of Global Investment Voice delivers the insights you need to stay informed and make savvy decisions. Don't miss out – listen now! “I believe that the EU and the US have a very different approach to citizenship by investment programs. The EU is fundamentally against the commoditization of citizenship […] Whereas the US, especially the current administration, they want to show loud and clear to their voter base that they are putting up the borders, that they are protecting Americans from outsiders.”&nbsp;– Patrick Peters “[O]ur client who choose to invest in our–we say PBO–Public Benefit Option, that goes directly to the National Housing Corporation, who in turn does one of several things. Mainly, they’re building affordable housing for the people of St. Kitts and Nevis. […] [T]he contribution goes directly to the government of St. Kitts, and it stays with the government of St. Kitts, and specifically the National Housing Corporation.” – Patrick Peters Patrick Peters Patrick&nbsp;is a Chartered Accountant who has almost 20 years of experience in the Investment Migration industry, specifically the Caribbean and Canadian programs.&nbsp; Since 2014, his company, ClientReferrals, has been the leading Licensed Agent and Authorized Representative of the Antigua &amp; Barbuda Citizenship by Investment Program (CIP) and they are now a Government-approved Public Benefactor for the St. Kitts &amp; Nevis CIP. ClientReferrals strictly focuses on helping immigration professionals. They never work with clients directly, instead choosing to support the industry professionals in the background to help them grow their business.&nbsp;The company prides itself on offering the best service, commissions, and real estate investment projects. Thanks to its teams on the ground in Antigua, Montreal, Cairo, and Shanghai, ClientReferrals offers quality service like no other Licensed Agent. <p clas

In this episode, Mona and Rebecca tackle the tough and unpleasant topic of bankruptcy within EB-5 investment projects, sparked by recent news of a high-profile EB-5 project bankruptcy in Utah. The hosts discuss the inherent risks of EB-5 investments, address common misconceptions about bankruptcy (including the differences between Chapter 7 and Chapter 11), and explore how bankruptcy can impact EB-5 investors at various stages of the process. Real-world examples—including the South Dakota Meat Market project—highlight both the challenges and the potential paths forward for investors. The episode also offers practical advice on what investors can do if their project faces bankruptcy, the importance of due diligence, and why bankruptcy isn’t always the end of the road for EB-5 participants. “These bankruptcies can happen for so many different reasons. You can’t always tell. You can have every expert in the field and then something can happen like COVID. And then a project goes bankrupt.” – Mona Shah

“It’s a totally different concept. So there is no financial contribution. The new program is purely merit based. And till now we only have a very brief amendment in the law. We don’t have guidelines as yet. But the amendment says that Maltese citizenship can be given to anyone who renders exceptional services to Malta. Now that the actual law includes the possibility of job creation, scientists, researchers, athletes, cultural performers, it’s very wide, philanthropists, […] then that person may be granted citizenship.” –&nbsp;Dr. James Muscat Azzopardi “So the first concern was a purely transactional program, and this is not transactional at all. So it’s not a question of a payment. And the second, was the lack of a genuine link to Malta. I’m absolutely sure that no one is going to be given citizenship under this program without a genuine link to Malta.” –&nbsp;Dr. James Muscat Azzopardi

Imagine this: you've waited patiently for years, navigating the labyrinth that is the EB-5 visa process. You've completed all the necessary paperwork, made your investment, and followed every guideline to the letter. You're on the cusp of a new chapter in the United States. But what was supposed to be a support is now suddenly blocking you in that final stretch. That hurdle is Escrow.  Tune in as we unpack the responsibilities of escrow management, the implications of long delays, and the potential benefits and drawbacks of using escrow in EB-5 investments. Whether you're an investor, developer, or immigration attorney, don’t let escrow be the main deterrent of a good project. Join us for a lively discussion that promises to illuminate the dance between investment and immigration! “It’s an ideal situation that everybody tries to create. And that’s what escrow was. It was an ideal situation. Your money was safeguarded. It provides the investor peace of mind. But now it’s become an obstacle.” – Mona Shah

The “Big Beautiful Act” promises to have a large impact across the board on the lives of American citizens. However, will this new tax legislation encourage high net worth individuals to move to the US? &nbsp; For years, the biggest deterrent for HNW Individuals coming to the United States has been the nation’s Tax Laws. Have the changes made in the Act made America a more attractive place to do business and invest in? Especially with the new looming threat of Tariffs. What has made America an attractive place for business in the past? What will it look like in the future–post-BBA, with Trump at the helm? Mona sits down with Global Tax Expert David Lesperance to discuss all this and more! “The key is not just being able to incorporate quickly, but to be able to open up things like bank accounts. A corporation without a bank account is a corpse. It’s not operational. And so, you just have a whole system, an approach in the United States, which you don’t have where I am.” – David Lesperance David Lesperance David Lesperance JD is one of the world’s leading international tax and immigration advisors. He has co-authored, with an LSE Professor Emeritus, a key book on the impact of the movement of the Wealthy on the countries they leave and to which they move. David’s personal interest in these areas of law grew from his experience working as Canadian immigration and customs officer while studying law. Since being called to the bar in 1990, he has established his expertise with major law firms, his own law firm and as a private consultant. David has successfully advised scores of high net-worth families in residence/citizenship and domicile strategies to protect family wealth and well-being. These “Back-Up Plans” are both tax efficient and livable in meeting the needs and preferences of all family members. This planning is influenced by his having relocated his own family three times and having secured lineage citizenships for several close family members along with numerous clients. David is supported by a team of professionals, some of whom have worked with him since the early 1990s.

In this episode, we delve into the recent developments in the Caribbean's Citizenship by Investment (CBI) programs, focusing on St. Kitts and Nevis' groundbreaking reforms. Prime Minister Terrance Drew has announced the introduction of mandatory residency requirements and enhanced biometric verification systems for CBI applicants. These measures aim to strengthen the integrity and transparency of the program, aligning with international standards and addressing concerns that have led to potential travel bans under U.S. immigration policies. The proposed reforms include a mandatory physical presence period for all CBI applicants, marking a significant shift from the previous model that did not require residency. Additionally, the implementation of advanced biometric verification, such as fingerprinting and facial recognition, is set to bolster security and due diligence processes. Industry veteran Sam Bayat joins us to provide his expert analysis on these proposed changes. He discusses the potential impact of the residency requirements on the attractiveness of CBI programs in the Caribbean, considering factors like investor preferences and regional competitiveness. Bayat also explores how these reforms might influence the future landscape of economic citizenship in the region. Tune in to gain a comprehensive understanding of the evolving CBI landscape in the Caribbean and the strategic responses of island nations to international pressures. “So, in my opinion, residency should be part of the process prior to obtaining citizenship, not post.” – Sam Bayat Sam Bayat In 1993, Mr.&nbsp;Sam Bayat&nbsp;established a boutique law practice in Dubai to promote Canada as a preferred destination for investment and migration. The firm, initially known as “Canadian Legal Services,” marked the first Canadian law firm in the GCC. In 2007, the firm name was changed to Bayat Legal Services. Today, Bayat Group boasts a global presence. The primary areas of expertise encompass corporate migration, economic citizenship, investments, and tax planning. Mr. Bayat has also served as the former president of the Canadian Bar Association’s International Section in Quebec. In addition, check out our previous podcasts with Sam Bayat here!

Under the Trump administration, green card holders have found themselves under increased scrutiny. Many were surprised to learn that their status did not guarantee seamless entry into the U.S. anymore. The administration's focus on ensuring that green card holders are genuinely residing in the U.S. has led to stricter enforcement of residency requirements. In this episode, Mona and Rebecca discuss the perception of "abandonment”,&nbsp; as the administration targets those using their green card as a multi-entry visas rather than establishing the U.S. as their primary residence. Mona and Rebecca discuss what documents to bring (and what form they should be in!), what one might be asked, and what exactly the current administration is looking for. They also delve into the advantages of the Re-Entry Permit. Whether you're entering for the first time or returning after a long stay abroad, Mona and Rebecca have answers!

There has been a lot of noise and panic, but what exactly is going on at the US border? What can visitors and permanent residents expect when traveling to the United States under the Trump administration? Is there actually anything visitors should be worried about? Furthermore, what about U.S. Citizens? Furthermore, why are some EB-5 green card holders being detained? What exactly is Customs and Border Patrol allowed to do during a screening, and what would be considered overstepping? What ports of entry are being the harshest? Mona and Rebecca go over all of this and more, and offer advice on what to do and what to know when one gets interviewed at the border. They also offer some advice for what to do outside the United States border as well. “So just please people be mindful of this, but don’t panic. It’s not happening everywhere, but it is happening.” – Mona “There are ways that we can help if you need to be out of the US for some time period. There are returning resident visas. There are ways we can make sure that you have a way of coming back in. So, I think it’s just very important if you have any questions or concerns that you speak with an attorney to go through your case. It is case by case as well.” – Rebecca

It’s been almost a month since the Trump Administration announced their proposed “Gold Card” visa. They’ve released very little concrete information since. Commerce Secretary Howard Lutnik implied it would replace the EB-5 program, however, plenty of what he had to say was inaccurate. If actually implemented, what could this Gold Card really mean for the EB-5 program? Is it possible for the two to coexist? Mona and Rebecca discuss the possibilities with returning guest Jill Jones. “Initially there was a lot of hysteria in the EB-5 community about it’s going to end. We better hurry up and get all of our petitions in so that we get them processed. But when people slow down to think about what this Gold Card Visa really means… It really is something that can live and should live alongside of EB5. We see that there’s a very different motivation, a different demographic that would be attracted to it. And it makes sense to live with both of them hand in hand.” – Jill Jones “What really strikes me about the whole idea of the Gold Card Visa, especially here in the United States. One of the negative comments people have had for years about EB-5 is that people are buying green cards. It left a very bad taste in the mouths of the American public. So, we fought very hard to get people to understand that it’s not just paying for a visa. You’re creating jobs, you’re promoting the economy.” – Jill Jones Jill Jones Jill joined JTC in 2020 following the acquisition of NES Financial and is the General Counsel of Institutional Client Services USA. She is General Counsel of Institutional Client Services USA for JTC Group. Responsible for legal, governance, risk and compliance activities in the US, and Jill oversees the Specialty Financial Administration wing, which includes EB-5 Administration, 1031 Exchange, and Delaware Statutory Trust services. With over 20 years of corporate and compliance experience and having been directly involved in over 600 EB-5 development projects, Jill is uniquely skilled at efficiently structuring subscription escrows and is highly regarded as a thought leader throughout the EB-5 market sector. Jill and her team are integral in negotiating contracts with new customers and designing, developing, and going to market with new product solutions. You can also read recent blog post on the proposed Gold Card here. Furthermore, take a look at our previous work with Jill Jones.

Mona Shah, Rebecca Singh, and Mark Deal dive into the complexities of capital redeployment in the EB5 industry. They discuss the lawsuit by IIUSA and the implications it has for regional centers and investor groups, shedding light on the significance of understanding redeployment for both investors and developers. They also dissect the EB5 Reform and Integrity Act of 2022, emphasizing the clash between regulations and practical realities, and the importance of maintaining the program&#8217;s integrity. They wrap up by comparing EB5 investments with citizenship by investment (CBI) programs, outlining the differences in payback structure and job creation focus. Through their insights, Mona and Rebecca provide a valuable understanding of the challenges surrounding capital redeployment and the need for a balanced approach that aligns with the EB5 program&#8217;s original objectives. If you&#8217;re navigating EB5 investment strategies, this episode offers informed decision-making for successful outcomes, making it a must-listen for investors facing capital redeployment challenges and seeking clarity on the evolving EB5 landscape. In this episode of EB-5 Investment Voice, hosts Mona Shah and Rebecca Singh delve into the intricate landscape of capital redeployment within the EB5 industry. They dissect the lawsuit brought by II USA and its impact on regional centers and investor groups, emphasizing the significance of comprehending redeployment for both investors and developers. The hosts also analyze the EB5 Reform and Integrity Act of 2022, highlighting the discord between regulations and practical realities, and stress the importance of upholding the program&#8217;s integrity. Additionally, they compare EB5 investments with citizenship by investment (CBI) programs, outlining differences in payback structure and job creation focus. Through their insights, Mona and Rebecca provide a comprehensive understanding of the challenges surrounding capital redeployment, offering invaluable guidance for investors navigating EB5 investment strategies. This episode is essential listening for those grappling with capital redeployment challenges and seeking clarity on the shifting EB5 landscape, providing informed decision-making for successful investment outcomes. Have a topic or question you would like covered on a future episode of Global Investment Voice?Let us know over at https://globalinvestmentvoice.com/contact/ or using the contact details below. Phone: 212-233-7473Email: [email protected] To discover the show notes on this episode as well as other topics, information, and resources; please head over to https://globalinvestmentvoice.com/podcast/

2024 was an eventful year! So many programs tested, ended, or completely revised. So, what does this mean for immigration going forward? Mona, Rebecca, and Sam review some of the complicated challenges both applicants and countries need to weigh when it comes to balancing immigration, business, and security. Furthermore, the immigration experts review new types of visas, and what all of this means for different RCBI programs this year, especially in North America, Europe, and Dubai. What kind of challenges can be expected in 2025, and what governments could do in the new year with their programs run smoother and more effectively? Find out all this and more in the latest episode! “I think in 2025, we’re going to see tremendous changes. Because I think the governments are more attuned to applicants, and contributions to the economy. So, either in the Europe or in North America, we’re going to see governments which are more in line with bringing business applicants. And we’re going to be there to help our applicants go through these hurdles that are from the past. Cause I think there’s going to be much less hurdles in the future for applicants to come into these programs.” – Sam Bayat Sam Bayat In 1993, Mr. Sam Bayat established a boutique law practice in Dubai to promote Canada as a preferred destination for investment and migration. The firm, initially known as “Canadian Legal Services,” marked the first Canadian law firm in the GCC. In 2007, the firm name was changed to Bayat Legal Services. Today, Bayat Group boasts a global presence. The primary areas of expertise encompass corporate migration, economic citizenship, investments, and tax planning. Mr. Bayat has also served as the former president of the Canadian Bar Association’s International Section in Quebec. In addition, check out our previous podcasts with Sam Bayat here! Think you may have missed a podcast? Then check out our recent episodes to catch up!

Mona sits down with the new Editor at IMI Daily, Ahmad Abbas. They discuss the process behind scenes of IMI Daily, and how current events are shaping people’s choices on where to pursue residence and citizenship. With the shifting perspectives of governments and people worldwide, Mona and Ahmad take a deep dive into what we might expect to see in the upcoming year. “And I think RCBI is a tool for people against oppressive governments. That’s what we should all hope for.” – Ahmad Abbas Ahmad Abbas Mr. Abbas has been working at IMI Daily for almost four years, culminating in his recent promotion to Editor, responsible for the content and tone of the publication.

Since election night, there has been an explosion of blog posts relating to how the second term of Donald Trump’s presidency will affect immigration. Are even more Americans going to pursue citizenship elsewhere? Will Trump’s plans for the economy attract more investors to the US? Or will his proposed tariffs drive them away? Will his history of strict immigration policies make people once again reconsider the US? Or has his focus on clamping down on illegal immigration in this past election softened his anti-immigrant reputation? Trump’s first term was memorably chaotic, but a lot has changed since then–with Trump, the US, and the world. Join Mona and Rebecca as they discuss what RCBI and EB-5 under a second Trump presidency could look like. The industry experts offer their extensive experience–including experiences under Trump’s first term–as they speak on the possible good and bad, and what’s changed since 2017! “There is enthusiasm from what we’ve seen, for foreign investors coming in. And not even just for investing into the US, and for creating new projects, and obviously the whole program is based on jobs — which is another of Trump’s points in bringing more jobs back to the US. So, I think we’re seeing more and more who are looking to come into the US. Versus, as we’re saying in the beginning, people are talking about coming to Portugal and looking at outbound immigration. So, we’re seeing both sides.” – Rebecca S. Singh For more on what the recent election means for immigration, please also check out our recent blog post: The Trump Effect: A New Era for EB-5 Investment, Innovation and the SEC?

It’s that time of year again! As with any US presidential election cycle, the news media is inundated with polls and surveys about who’s voting for who and why. A little less usual, however, are the results from wealthy Americans this year. Unusually, High-Net-Worth Individuals appear to be leaning towards the Democratic candidate, despite her recent proposals to raise some taxes. Even more unusually, most HNWI are preparing to pursue a second passport elsewhere–regardless of who wins! Mona, and special guests Sam Bayat, and Armand Arton (Arton Capital) discuss recent trends in global migration. What motivates people to pursue citizenship in another country? How have countries been reacting in recent years to this increase? With changing governments–and changing values of the younger generation–join Global Investment Voice for a fascinating conversation regarding the future of the industry. “But I think this, passing on to the next generation an extra freedom of choice, is the greatest gift we can give.” – Armand Arton “I guess the mindset of this group of new millionaires is to be a global citizen. And, in a post-COVID mindset where people suffered, where they couldn’t have access, now they want to be able to go anywhere.” – Sam Bayat Armand Arton Mr. Armand Arton (of Arton Capital) is a visionary entrepreneur, philanthropist, and a Global Citizen.&nbsp;His extensive background as a trusted advisor to governments around the world has been instrumental in attracting foreign direct investments through residency and citizenship investment programs and empowering high net-worth investors in securing global opportunities to better their future.&nbsp; Arton is the Founder of Arton Group of companies operating across the realms of finance, technology, publishing and real estate, which further includes Arton Capital and the Passport Index – the world’s leading global mobility intelligence platform.&nbsp; Mr. Arton is married and has three kids. He also sits on the board of numerous business, professional and philanthropic organizations around the world. Sam Bayat In 1993, Mr.&nbsp;Sam Bayat&nbsp;established a boutique law practice in Dubai to promote Canada as a preferred destination for investment and migration. The firm, initially known as “Canadian Legal Services,” marked the first Canadian law firm in the GCC. In 2007, the firm name was changed to Bayat Legal Services. Today, Bayat Group boasts a global presence. The primary areas of expertise encompass corporate migration, economic citizenship, investments, and tax planning. Mr. Bayat has also served as the former president of the Canadian Bar Association’s International Section in Quebec. In addition, check out our previous podcasts with Sam Bayat&nbsp;here!

Global migration is on the rise, with more people than ever before choosing to relocate abroad. Alongside this trend, the popularity of residency and citizenship by investment (RCBI) programs has skyrocketed. While countries like the US, UK, and Canada have historically been top destinations, the landscape has changed and there has been an increased interest from citizens in those countries to travel elsewhere. This trend has not gone unnoticed. The annual NYC Real Estate Expo is holding its first ever RCBI Pavilion in 2024. The Pavilion will be co-hosted by MSP Global and will feature a diverse assortment of industry experts on global residency and citizenship programs, as well as international business. Mona Shah and Sam Bayat discuss both the increased interest in RCBI worldwide and the advantages of being able to hold an Expo featuring it in the United States. Take a deep dive and listen in on why some people choose to get citizenship in certain countries, and why it is so important to have face to face meetings. “Of course, people from the north, they have the freedom to express themselves, but then there are the tax burdens, the climate, the political system in place. And for the people from the south, they want the freedom. They want to have a better access to travel with a better citizenship, better future for the children, more stability. So, it depends on the applicants view and perspective of what they like and how they perceive the future.” – Sam Bayat Sam Bayat In 1993, Mr. Sam Bayat established a boutique law practice in Dubai to promote Canada as a preferred destination for investment and migration. The firm, initially known as “Canadian Legal Services,” marked the first Canadian law firm in the GCC. In 2007, the firm name was changed to Bayat Legal Services. Today, Bayat Group boasts a global presence. The primary areas of expertise encompass corporate migration, economic citizenship, investments, and tax planning. Mr. Bayat has also served as the former president of the Canadian Bar Association’s International Section in Quebec. In addition, check out our previous podcasts with Sam Bayat here and here! RCBI Pavilion Check out the NYC Real Estate Expo, with its first ever RCBI Pavilion, on October 16, 2024.

What makes a person search for a new home? People pursue citizenship or residency by investment (RCBI) for many reasons: taxes, better jobs, nicer climate, or proximity to family. But one of the less advertised reasons has an even bigger impact: War. The increased tension and conflict around the globe has led many people to look for a new home country–but not just for the reasons one may think! Lauded migration expert Dr. Kristin Surak sits down with Mona and Mark for a fascinating discussion on the impact of global conflict on global investment migration–and yes, that includes EB-5. “I had dinner over the weekend with a friend of mine who is a Russian citizen. She’s been very successful at a major American tech company, and she’s decided to get a second passport or second citizenship because she’s faced so many difficulties because she’s Russian. And she left the country right as the war broke out. She didn’t want to have any part of it. She’s been almost cut off from her family, who are upset at her for, you know, having left in all this. But she didn’t want to be any part of that system. But still, the impact of the stigma against any Russian is falling on her. And she found it really difficult to carry out her work to even just travel. And so, she actually looked at her citizenship options and diversified.” – Kristin Surak Kristin Surak Kristin Surak is Associate Professor of Political Sociology at the London School of Economics and the author of The Golden Passport: Global Mobility for Millionaires (Harvard University Press 2023). Her book has been covered by NPR, the BBC, Foreign Affairs, and media outlets in two dozen countries. She is a leading expert on elite mobility, international migration, nationalism, and Japanese politics, whose research has been translated into over ten languages. In addition to publishing in major academic and intellectual journals, she also writes regularly for popular outlets, including the Wall Street Journal, Washington Post, and the Guardian.

USCIS has sent out termination notices to over 100 EB-5 Regional Centers based on non-payment of integrity fees! Naturally, many investors are now feeling panicked and uncertain about the future. While previously, Regional Centers used to number in the 800s, in recent years that number has dwindled. This means, even though it’s over 100, that number is an even higher percentage of the centers than it may appear. So, those affected are not alone in feeling the impact of these USCIS policies and the confusion surrounding them. Join Mona and Rebecca as they dive into the details of these termination notices and more! Discover how these notices compare to other recent changes in the way USCIS operates, the ongoing responsive litigation, and how USCIS may respond or could change tactics in the future (as well as how they could’ve handled this issue). In addition, enjoy insightful commentary from industry experts Kelly Freis and Pete Conklin. “And I think at the end of the day, USCIS will have to do something. It’s too many regional centers out there. And like we said, it’s a constitutional right as well.” – Rebecca Singh “It’s unfair because these regional centers think that they’re in compliance, and they’re filing their documents and they have people filing papers and paying fees, and then they’re getting a notice in the mail. They don’t get a notice that they did anything wrong. They just get a notice that they’re going to be terminated. […] And the way that they’re processing these records are not up to the standards that they’re requiring the regional centers to uphold. So, this is a blatant double standard, and it should be against the law.” – Kelly Freis About our Guests Kelly Freis Kelly Freis is the founder and CEO of the global business consulting firm International Growth Capital. “Some are closing, most are planning to fight, though. […] I don’t understand, really [USCIS is] being a little bit of a playground bully. […] Yes, we can sue the government, and we don’t have to worry about them coming after us or anything like that. But it’s still a shame that we have to take that step, because it doesn’t always work. You know, we can sue, and we can still lose.” – Pete Conklin Pete Conklin Pete Conklin is the COO of iLand Development Group.

The Supreme Court of the United States has been issuing a lot of major decisions lately, with far reaching impact. Recently, three of these were handed down that will likely have repercussions in the immigration world: Loper Bright Enterprises v. Raimondo (which overruled Chevron deference), Corner Post, Inc. v. Board of Governors of the Federal Reserve System, and Securities and Exchange Commission v. Jarkesy. Cyrus Mehta joins Mona to discuss the potential ramifications of these recent decisions. For instance, what exactly does this mean for investment and employment-based immigration programs in the United States? What changes can we expect from USCIS? How will these decisions impact investors, workers, students, and their families? Furthermore, what about influence of these rulings on other government agencies? “It’s really a double-edged sword. Yes, if Congress reforms the Immigration Act, that’s what we need. We need a complete update and reform of the Immigration Act. But Congress is polarized. and it has not passed any meaningful immigration reform. So, we have to depend on executive authority. And therein lies the challenge with the downfall of Chevron.” – Cyrus D. Mehta About our Guest Cyrus D. Mehta, a graduate of Cambridge University and Columbia Law School, is the Managing Partner of Cyrus D. Mehta &amp; Partners PLLC in New York City.  Mr. Mehta represents corporations and individuals from around the world in a variety of immigration matters, including business, employment, entrepreneur and investor immigration, asylum and ethics. Based on over 30 years of experience in immigration law, he is able to comprehend all kinds of problems and provide effective, ethical and strategic solutions to his clients. Mr. Mehta is the Editor-in-Chief of the AILA Law Journal and conceived of the first ever AILA Law Journal Symposium in 2024.  He is the immediate past Chair of AILA’s Ethics Committee.   Moreover, Mr. Mehta is a board member of The New York Immigration Coalition and a board member of Volunteers of Legal Services. He is also special counsel on immigration matters to the Departmental Disciplinary Committee, Appellate Division, First Department, New York. Mr. Mehta is the former Chair of the Board of Trustees of the American Immigration Council, former Chair of the Committee on Immigration and Nationality Law of the New York City Bar, former Secretary of the New York City Bar, and former Chair of AILA’s Pro Bono Committee. He has also served as a member on numerous national and local AILA committees in the past. Mr. Mehta is a frequent speaker and writer on various immigration-related issues, including on ethics, and is also an adjunct professor of law at Brooklyn Law School, where he teaches a course entitled Immigration and Work.  Mr. Mehta received the AILA 2018 Edith Lowenstein Memorial Award for advancing the practice of immigration law, the AILA 2011 Michael Maggio Memorial Award for his outstanding efforts in providing pro bono representation in the immigration field and the AILA 1997 Joseph Minsky Young Lawyers Award for outstanding contributions in the immigration field. He has also received three AILA Presidential Commendations in 2010, 2016 and 2020.  Mr. Mehta is ranked highly by Who’s Who Legal – Corporate Immigration Law and also by Chambers USA and Chambers Global in immigration law,

In this episode, Mona and Mark engage in a detailed conversation with returning guest Sam Bayat regarding the recent controversy surrounding Caribbean Citizenship by Investment programs. They cover the RICO lawsuit, allegations of corruption, due diligence processes, and the potential impact on CBI programs. Sam’s extensive knowledge and understanding of global investment programs help make this episode a valuable resource for investors and stakeholders in the CBI industry. If you’re keen to gain a comprehensive understanding of the challenges and improvements in CBI programs, listen to the full podcast episode for expert insights and analysis. It’s an opportunity to access exclusive information and stay informed about the evolving landscape of Caribbean CBI programs. “I think if the Caribbean governments work together, and actually maybe with other CBI programs around the world, to make sure they have a more robust system, particularly in regard to payments, which they could fully ripe the benefit of these investments in their country, I think they could survive this storm. […] I’ve sat and talked with [the five prime ministers] face to face in private. They’re all very adamant to keeping these programs alive.” – Sam Bayat About our Guest In 1993, Mr. Sam Bayat established a boutique law practice in Dubai to promote Canada as a preferred destination for investment and migration. The firm, initially known as “Canadian Legal Services,” marked the first Canadian law firm in the GCC. In 2007, the firm name was changed to Bayat Legal Services. Today, Bayat Group boasts a global presence. The primary areas of expertise encompass corporate migration, economic citizenship, investments, and tax planning. Mr. Bayat has also served as the former president of the Canadian Bar Association’s International Section in Quebec. In addition, check out our previous podcast with Sam Bayat here!

Discover the surprising truth about how the controversial Jay Peak EB-5 project led to significant reforms in the EB-5 program. You won’t believe how this ski resort’s tumultuous history ultimately paved the way for positive change. Find out how a new chapter is unfolding for Jay Peak and the unexpected impact of COVID-19 on ski resort visitation. Stay tuned to uncover the remarkable turnaround and the strategies for year-round ski resort success. “Like any other business, it’s how you run it. So, I don’t think it’s tainted, I don’t think the ski industry is tainted. We’ve only been there for two years now since that previous management and situation ended. And so, it was a breath of fresh air I think, to have us come in and work our team. But no, I don’t think there’s permanent damage there. There’s a place for EB-5, particularly in rural America. Definitely ski resorts, a capital-intensive industry. – Doug Anderson About our Guest Douglas Anderson has been active in the real estate industry for over 35 years. His business expertise includes master planning and development implementation on larger scale resorts, business parks, and commercial developments across the USA and two provinces in Canada. Projects include large box retailers, hotels, banking, restaurant, medical office, industrial, and multiple high tech or flex business park planning and building. Mr. Anderson has served in various community foundations and Board of Directors throughout his professional career. In addition, he has traveled extensively worldwide for business and nonprofit work to contribute his expertise in the nonprofit area as well as land and building development areas towards preserving and enhancing the environment. He earned a Bachelor of Science undergraduate degree in Consumer Studies with an emphasis in Architecture at the University of Utah. Subsequently, Mr. Anderson earned his master’s degree in business administration. Furthermore, he attended a three-year OPM program in postgraduate business education at Harvard Business School in Boston.

Starting a business and moving to a new country is an exciting yet daunting prospect for many entrepreneurs and investors. For Canadian citizen Greg Allen, the E-2 investor visa provided a pathway to opening his precious metals firm in sunny Florida. We sat down with Greg to gain insight into his motivations for choosing the E-2 visa, how he overcame application hurdles, and his experiences running a business as a visa holder. “The best thing you can do is establish as early on as possible a good core team of people in the United States where you plan to have your investment. And that means a good CPA, a good lawyer, you want to have a good relationship with a banker. And if you have that, not only are you better able to function as a business, but you’re able to prove or make the case to the consular officer that, hey, I not only have a good plan for this business and I’ve made this investment, but I have the right people around me and a team to help me execute my plan.” – Greg Allen About our Guest Greg Allen established Allenhouse Metals in Florida in 2017. Since then, he has steadily developed the company into a full-service precious metals firm. Allenhouse Metals specializes in the purchase, sale, and storage of physical gold, silver, platinum, and palladium as a registered dealer of Dillon Gage—the authorized purchaser for the United States Mint and many other government mints around the world. Prior to founding Allenhouse Metals, Greg played professional hockey for four years. After his playing career, he worked in hockey development for the Toronto Maple Leafs and Hockey Canada. After hockey, Greg attended the University of Toronto, where he published his senior thesis, “Economic Independence through Exchange Rates, Abandoning Bretton Woods, and the Nixon Shocks.” Significantly, he was supervised by Professor Bothwell, who was the Director of the International Relations Department and is considered the world’s foremost scholar in Canada-US relations. Greg later used this work to launch his online financial literacy program.

200 episodes and still going strong! Join Mona Shah, Rebecca Singh, and Mark Deal as they discuss their journey of creating and running one of the most successful global investment podcasts, covering all of the major changes within the EB-5 industry over the last 8 years, and many of the changes in the global CBI/RBI industry, as well. Take a look behind the scenes as they recount the challenges and rewards of adapting to an ever-changing investment immigration landscape, both in the US and globally. Follow along as they chat about changing from an initial EB-5 focus to a wide variety of international topics. Find out what drives them to continue to release top tier content. Listen as Mona, Rebecca, and Mark discuss past episodes, current issues, and future topics for Global Investment Voice! “Like I said, at the end of the day, it’s important to educate. It’s important to have everyone understand why we’re at this, the situation, what’s happening. I don’t think anyone should be left in the dark.” – Rebecca Singh Hear the feedback they’ve received over the years and find out who else has been listening! What is the difference between airing a topic on a podcast versus writing about it in an article? How do they determine topics, and when is the best time to release them for their podcast? What other steps do they take to prepare? What have they learned from doing past episodes? Listen to the latest episode to find out! Choosing the right podcast is critical for learning about investment migration programs. Hear why Global Investment Voice has been the right choice for so many on that topic and more for over eight years.

As the CBI / RBI world shrinks, and people are leading more nomadic lives, the thought of investing in property in an island in the middle of the Mediterranean with a population of 11,000,000M (only 3% of that of the United States) is not as dreamlike as it once may have been. In fact, the Economist stated that in 2022, the Greek economy outperformed so many other of the economic superpowers including Japan, China and Germany! Interestingly, Greek property is the second most affordable in Europe after Latvia and the eighth most affordable in the world. Price Waterhouse stated that in 2022 Athens was one of the most promising property markets. Mona’s special guest is Yiannos Trisokkas  the CEO and Founder of Velment. Yiannos has remarkable good insight into not only the real estate in Greece, but also in relation to Greece’s golden visa scheme is an RBI residency by investment scheme. He was able to give us the good news is that Greece is to freeze VAT (that’s value added tax) on all real estate investments, until 2025! About our Guest Yiannos Trisokkas, the CEO and founder of Velmet, boasts an impressive two decades of experience in the real estate markets of Cyprus and Greece. His extensive expertise lies in guiding international investors and high net worth individuals through citizenship via Cyprus’ investment program and Greece’s golden visa program. With a specialized focus on the Greek RBI program, the golden visa program, and the real estate landscape in Greece, Yiannos is well-positioned to provide valuable insights into the current real estate opportunities in Greece and the various citizenship and residency programs available. His in-depth understanding of the market intricacies allows for a comprehensive analysis of the potential for investment in Greek real estate. “Greece is one of the countries which has really rocketed to the top”. – Yiannos Trisokkas “Investments in the Greek golden visa dethroned EB5 as the world’s biggest golden visa by year end September of 2018.” – Mona Shah, quoting IMI Daily. In this episode, you will be able to: Explore the advantages of Greece’s Golden Visa compared to the EB-5 program to make an informed investment decision. Discover the benefits of Greece’s Residency by Investment program and how it can enhance your real estate investment portfolio. Understand the ins and outs of the Greek real estate market to capitalize on potential investment opportunities. Uncover the requirements for obtaining residency by investment in Greece and pave the way for your real estate investment journey. Learn about Greece’s tax benefits for foreign investors and how they can optimize your real estate investment returns.  Uncover the valuable benefits of Greece’s RBI program for international investors Greece’s Residency by Investment (RBI) program provides international investors with an attractive pathway to residency through property investment. Uncovering the benefits of this program can highlight the ease of obtaining residency in Greece and its advantages over traditional methods. By delving into the details of Greece’s RBI program, investors can gain valuable insights into the opportunities it presents.

Are you living abroad and considering the unexpected move of renouncing your US citizenship? You might be surprised to learn that the cost and process are more complex than you think. But what if I told you there’s a strategic way to navigate the tax implications and make an informed decision? Dive into this compelling conversation with Alexander, an expert in cross-border tax law and expatriation, as he reveals the surprising reasons behind the surge in renunciations and the impact of FATCA on American expats. Curious about the unexpected insights that could shape your expat journey? Stay tuned for the eye-opening revelations that could redefine your path to financial freedom abroad. About our Guest Alexander Marino is a seasoned professional in cross-border tax law, estate planning, and U.S. expatriation law. Leading the U.S. tax practice group at Moody’s Tax Law, Alexander guides a substantial number of clients worldwide through the intricate process of renouncing their U.S. citizenship or terminating their U.S. green card status each year. His expertise in strategic tax planning and renunciation decisions is particularly beneficial for expatriates and green card holders living abroad, providing essential insights into the complexities of the renunciation process, tax implications, and the underlying reasons for the increasing number of American renunciations. Alexander’s wealth of experience makes him an invaluable guest, offering a comprehensive understanding of the challenges and considerations involved in renouncing U.S. citizenship. “We’re going to spend 25 grand to solve this problem. I’m sure a common concern that people would ask is, would they save more than they spend? Assuming emotion is outside of this decision, and it is a business decision, we’re going to spend 25 grand to get compliant and renounce or half of that if you’re already compliant and just want to renounce and then we’re not going to have to file for the next 50 years.” – Alexander Marino In this episode, you will be able to: Understand the step-by-step process and costs involved in renouncing US citizenship for informed decision-making. Discover the tax implications associated with giving up US citizenship and how to strategically plan for them. Explore the reasons behind the increasing trend of American renunciations and its potential impact on expatriates. Learn about the significance of FATCA and how it affects American expats living abroad. Uncover the complexities of dual citizenship and the related tax obligations for expatriates and green card holders. Discover the Tax Implications Living as an American citizen or green card holder abroad can involve complicated tax regulations and financial implications, according to Alexander Marino. Due to the US being one of the only two countries globally that tax based on citizenship, individuals are subject to US taxation on their worldwide income, regardless of their place of residence. Alexander illustrates the disastrous financial consequences of failing to navigate these complex laws using real examples such as the case of former UK Prime Minister, Boris Johnson. The resources mentioned in this episode are: Moody’s Tax Law – For assistance with cross border tax law, estate planning, corporate tax, and U.S. expatriation law, visit Moody’s Tax Law for expert guidance and representation in properly giving up U.S. citizenship or terminating U.S. green card status. Greenback Expat Tax Services – For expats living in 121 countries, Greenback Expat Tax Services offers valuable insights and resources for navigating tax challenges and considerations. Visit their websit

Ever wondered how a surge in EB-5 projects is captivating the attention of Southeast Asian investors? Well, brace yourself for a surprising revelation: the interest in the EB-5 program from South-East Asia (India, Pakistan, Bangladesh, Sri Lanka etc.) is not only holding strong but is actually escalating despite political uncertainties, taxation challenges, and the global pandemic with more than 300 projects on the horizon. What’s driving this unwavering commitment, and how are these investors navigating the landscape of rural versus urban projects? We have the answers. We’re about to uncover more about Southeast Asia’s continued surge in EB-5 interest. So, stay tuned to unravel the unexpected allure of EB-5 investments in the region. &#8220;There will always be an app, and then we’ve still got other countries like Latin America, and Africa. So, there are going to be plenty of millionaires. – Sam Hussain&#8221; About our Guest Sam Hussain a prominent figure in the EB-5 industry, brings a deep understanding of market trends and investor sentiments, particularly in Southeast Asia. With a successful track record and extensive experience, Sam’s insights and expertise are invaluable for developers seeking EB-5 funding. His recent engagements (which made headlines in the local newspapers) in India, Pakistan, and Bangladesh showcase his in-depth understanding of the region’s dynamics, making him a trusted source of knowledge and analysis. Sam’s ability to navigate the complexities of the EB-5 program in the context of Southeast Asia positions him as a key resource for developers and investors looking for market insights and strategic guidance.

Out of all the lawyers in the United States, only a small handful specializes in EB-5-related immigration law. There are, however, myriad consultants who may at first glance appear to offer the same services—including those relating to citizenship by investment (“CBI”) and residency by investment (“RBI”) programs—but their competence more often than not is suspect. So, to whom should investors turn? The answer clearly is the EB-5 and/or CBI lawyer, though many investors do not realize this. In our new episode of MSP Global’s long-running podcast series Global Investment Voice, host and MSA Global Managing Partner Mona Shah, Esq. outlines what EB-5 and CBI investors need to know … with insights from leading CBI expert Sam Bayat, Founder of Dubai-based investment-migration specialist Bayat Group. About our Guest In 1993, Mr. Sam Bayat established a boutique law practice in Dubai to promote Canada as a preferred destination for investment and migration. The firm, initially known as “Canadian Legal Services,” marked the first Canadian law firm in the GCC. In 2007, the firm name was changed to Bayat Legal Services. Today, Bayat Group boasts a global presence. The primary areas of expertise encompass corporate migration, economic citizenship, investments, and tax planning. Mr. Bayat has also served as the former president of the Canadian Bar Association’s International Section in Quebec. Some highlights from the episode: Sam: “Generally speaking, worldwide, the whole concept of immigration, especially business immigration, has been commoditized, and people are not properly looking at the process because it’s commoditized.”   Sam: “When I try to talk about the U.S. market, particularly EB-5, I always tell clients that, wait a minute—there’s a couple of things you need to understand. The investment is not to be guaranteed. There is going to be a conditional Green Card. So people really think twice.”   Sam: “Know the rules of different countries.”   Sam: “It’s not just the consultants filling up a void. The government has also created a void that is filled by people that don’t need to be properly qualified.”   Mona: “Even in the U.S., there are a lot of lawyers—immigration lawyers—who will work with an investor for their source of funds but will not spend any time discussing the complicated business structures or the details of the documents.”   Sam: “If you have to pay for a certain service at the same price, well, why don’t you go hire someone who’s more competent and of course someone who’s insured.”  

If you’re feeling overwhelmed by the massive EB-5 Program fee increase and uncertain about its impact on the EB5 market, then you are not alone! In this episode we will discuss how the fee is likely to affect the EB5 Industry. In addition, we discuss navigating partial filings successfully, will the higher fee increase USCIS efficiency and customer service or will we see litigation over fee increases. Join Global Investment Voice hosts and industry experts Mona Shah and Rebecca Singh as they candidly discuss what we know (and don’t know!) about the effect on EB5 Investors and Regional Centers, how USCIS arrived at these fee hikes, an increase in filing with partial investments and a comparison to other international programs. Some highlights from the episode: Rebecca: Some fees are reasonable. [. . .] Now others are just unfair and unreasonable. Mona: The biggest one, which is really going to affect EB-5, I think, is going to be the increase for projects. Rebecca: If fees go up anymore, we’ll see an increase in direct projects as opposed to regional center projects. Mona: Here’s where we’re going to see far more partial filings. [. . .] Under RIA, you have longer to pay if you want to do it as partial, but if they’re adjudicating faster, that’s going to be an issue. Rebecca: We talked about partial filings, and we’ve talked about skeletal filings, and I want to make people aware of that difference. Mona: USCIS hasn’t been completely transparent about how it’s calculated fee increases, and who knows what the agency is adjusting for, whether it’s adjusting for inflation since 2016. Mona: It’s all about the results. People aren’t going to mind paying a fee increase if they see the efficiency of USCIS. Will the fee increases help fund efforts by USCIS to hire more qualified adjudicators? I don’t believe they will, because USCIS is broke. Rebecca: I can’t think of anything better other than increases visas that will help the EB-5 Program other than a more efficient USCIS. And not just for those who have filed post-RIA, but for the older ones. And there are many, many older ones who have been waiting for adjudication for many years now. It seems that most of USCIS’s resources are just targeted on cases filed after March of 2022.

Typified by program closures (including in Ireland) and major changes to existing initiatives, the global migration market in 2023 was a virtual roller-coaster of highs and lows. Happily, the highs likely will carry over more into 2024, as foreseen by industry experts Mona Shah, Esq., Managing Partner of Mona Shah and Associates Global (“MSWA Global”) and Rebecca S. Singh, Esq., Partner at the firm, in the latest installment of the popular, long-running podcast series EB-5 Investment Voice. In this episode, Mona and Rebecca cover everything from the impact of compliance and securities issues on global migration programs to the recent developments in the Caribbean and Europe. With nearly 40 years of experience combined in the sector, this duo digs deep into the global migration rabbit hole. Some highlights from the episode: Mona: “2024 is an election year for a lot of the world, and US, UK, and the EU will continue to pressure the residency and citizenship by investment programs to impose stricter conditions.” Rebecca: “We’re seeing a lot of programs that were closed due to a lot of compliance issues, securities issues. We’re also seeing … the Portuguese program hasn’t closed, but because of some of these types of issues, they have made changes to the program.” Mona: “Despite the extra fees and the costs, we are seeing some of the old players just bow out of EB-5 and a lot of new players come all over the world, from China to the U.S.” Rebecca: “We saw that St. Kitts [has] made some changes, and so I think we’re going to see more of the Caribbean countries trying to implement the same.” Mona: “This is the first time we are seeing so much more outbound. When I say outbound, I mean people from the U.S. actually actively getting a second passport or maybe dumping their U.S. passport and going to countries like Montenegro and Portugal, Greece and all these [types] of places. That’s a phenomenon which just didn’t happen before.” Rebecca: “Everyone just thought, oh, just go to the Caribbean, you could get in easily, but everyone’s going to be surprised with some of the implementations coming out.” Rebecca: “With post RIA cases, we’re seeing fast adjudication times. … [USCIS] did stipulate that they were supposed to review these cases within a year. So, we have seen that happening. But unfortunately, I feel that it’s actually made it worse for the pre-RIA cases. I’m seeing slower adjudication times. We’re seeing a lot more denials, a lot more RFEs, NOIDs coming out.” Mona: “I think we will see a lot more new players. I believe that new regional centers are coming along with new players, but I also worry that they don’t know really what they’re doing.” Mona: “So, Rebecca, what is your prediction for USCIS’s disarray for 2024?” Rebecca: “Well, let’s hope they can get their act together.”