EU Plan on BANNING All Citizenship & Residency by Investment Programs?

[@browncorgidog2]

Only bullies who refuse to compete do this sort of thing.

[@billhennessey6374]

This is ridiculous and I hope it goes down in flames. I wish non-EU countries such as Montenegro would just stay independent and try to make it on their own. While I realize that "membership has its privileges," so does being a sovereign nation with the right to pursue one's own course. Thanks for the update, Michael.

[@torontovoice1]

And how much is their passport worth? And how much is a German passport worth? Do the math!

[@OffshoreCitizen]

Yeah a lot more countries need to stand up and push back giving a flat, final, unwavering and unapologetic "no"

[@lerryperry]

BREAK UP THE EU!!!

[@redditstories2836]

@@OffshoreCitizen please make an update video in the future

[@robster7012]

Another example of totalitarianism

[@rajshreyashadhav3052]

This is wrong on so many levels 🤬🤬

[@OffshoreCitizen]

Right? How do you see it play out?

[@rajshreyashadhav3052]

@@OffshoreCitizen looks like they're going the same path as US, we're the best can't replace us, unfortunately for them, there's always a replacement.

[@kallaji7383]

Well, the EU is, and has always been, an imperialist project (in case I've not mentioned this before). Brexit happened for a reason. Both the French and the Germans wanted to conquer Europe by war. Now they are trying to do the same via the EU. I'm sure that more EU countries will eventually leave the EU, as the benefit or money they might extract from the EU budget is laughable compared to the money they could make on their own outside of this geopolitical Moloch. As said before: CARTELS DO NOT WORK and will eventually fail. Therefore, I'm not worried. 😄

[@OffshoreCitizen]

The problem is they can do a lot of damage before they die. It's a bit like wokism, it's a self terminating diseases but the question is how much harm can it cause before it self terminates? I think for me the question isn't when do countries start leaving the EU but rather when does the EU start kicking countries out?

[@stevemyers2092]

@@OffshoreCitizen works for me...leave or get kicked out and just have free trade between all but France and Germany until their governments are changed.

[@MojoPenguin]

Except Brexit is an imperialist project as well. They literally want the Empire back kid

[@cardinalhistory6973]

If this passes South America is going to be booming.

[@AdmiralMeow]

Hi Michael, I believe that people should calm down at this point. Because even if the proposal gets passed in the European Parliament, it does not become an enforceable law in the EU. The European Parliament simple does not have the power of legislative initiatives, which are reserved for the European Commission. “Therefore, while Parliament can amend and reject legislation, to make a proposal for legislation, it needs the Commission to draft a bill before anything can become law.” Obviously we should raise our voices against it but nothing to panic about it at this point. Whether or not we should seriously worry about the existence of golden visa depends on whether or not the European Commission decides to go ahead with the proposal In March 2019, the European Parliament passed a similar proposal but it went nowhere. So I do expect that this proposal would also get passed by huge majority

[@OffshoreCitizen]

Yeah I doubt you'll see some massive loss of such programs in the immediate but it's a bad sign and the wrong direction

[@spkt0r]

My two Crypto Cents, I believe that this is about importing poor/desperate people into a country instead of people with money (Yes I know tinfoil hat time). Poor people/desperate are more willing to follow what the people in power tell them, when it comes to people with money they have to negotiate with them and the danger that they may found a grassroots movement that changes the current powers that be.

[@TheHighborn]

you hit the nail on the head

[@maitreya1906]

what do you mean? people who migrate using these programs have money coming out the ears. They are more valuable as they can easily pay taxes and don't end up welfare headaches. If you mean the EU would rather bring in poor folk I doubt it otherwise they would welcome boat people coming over the Mediterranean, that hasn't happened. I think this is to discourage rich criminals like russian mafia and other unsavory kleptocrats from buying passports getting free access to Europe and/or good old fear of brown skin

[@jonathangat4765]

What the EU Parliament does and what the EU Commission do are two very separate and often uncorrelated actions.

[@OffshoreCitizen]

Certainly true but still not a great indication of direction and sentiment.

[@tw9419]

Orwell’s 1984 coming to life 😂

[@peaceonearth8693]

Fences are Freedom!

[@alfinal5787]

Once the EU’s Pension Crisis starts hitting them hard they will reverse course very quickly. In 10 years or sooner. But they will raise taxes so wealthy people and entrepreneurs will leave for greener pastures.

[@Duck-wc9de]

that's why Portugal has a very flexible imigration legislation. this is a country in demographic colapse with young people leaving and one of the oldest populations, and getting older FAST. they are very desperate

[@mnowmanohar2488]

WTF !!!! MAN IS IT REAL ??

[@kameelaheverglow]

I really like the tone of your channel - just the facts, some objective opinions and no hype.

[@OffshoreCitizen]

Thank you, that's the goal :) Anything you'd like to see next?

[@EastWing411]

This is part of a much bigger plan

[@OffshoreCitizen]

What do you think is the bigger plan?

[@chipyoung4396]

@@OffshoreCitizen They seem to be wanting to corral their citizens in order to push for an EU wide minimum tax. So first, they are going after Vanuatu. Now are targeting the Caribbean CBI model. And the socialist governments of Europe don’t want to compete on taxes with their EU neighbors.

[@RomilCPatel]

Do you think that more countries will leave the EU because of things like this? Countries like Bulgaria, Malta, Greece etc.

[@kallaji7383]

Yes

[@torontovoice1]

Of course not. If they're independent, what is their passport worth? You look at a strong country like the UK. How many UK citizens are desperate for an EU passport right now? What's the value of a UK passport? I can tell you this, a lot less than what it was worth before brexit

[@peaceonearth8693]

Any country that leaves the EU can kiss any hopes for future bail-outs goodbye. It's like volunteering to become a random African state with no clout.

[@peaceonearth8693]

@@torontovoice1 UK believes they are playing the long game. They could be right.

[@OffshoreCitizen]

I don't think a ton will want to leave, I'm more curious about when the EU starts kicking out or trying to kick out member states

[@onetry7406]

They're just trying to flex, to use their perceived power to keep their position at the top of the hill. Problem for them is, there are other hills, even mountains. People can/will choose to improve those other places till they outshine that old hill.

[@peaceonearth8693]

You write about other hills. Well, socialism is the great leveler, get ready whole world.

[@OffshoreCitizen]

It will just take some time. Right now they are right to some extent. EU citizenships are very strong. Lots of people want to live there. Quality of life is pretty good, opportunities can be decent, etc. It's a bit like the US they fill a particular niche that hasn't been replaced yet. It will happen but it takes time and there are trade offs that are hard to address. UAE & South East Asia are compelling but neither offers citizenship for example.

[@peaceonearth8693]

@@OffshoreCitizen How about South America then? I know you've done videos on it. But, is Chile really headed in the wrong direction?

[@stevemyers2092]

@@OffshoreCitizen have an online business and head for the caribbean

[@nomadic-mind]

I can understand banning CBI programs but a ban on residency by investment programs sounds excessive; it's also hilarious that they're thinking along these lines while saying that America is the xenophobic one when we have better metrics on integration and naturalization than EU nations do.

[@sc3639]

Good old great reset. Oh wait, that is just a conspiracy, says the sheep.

[@HunkyMan777]

That would impact your income from selling such Golden Visas. Very concerning for freedom of countries and people

[@Larzh220469]

I wouldn't worry about this before there is reason to do so! First, the European Parliament (EP) does not initiate legislation - the European Commission (EC) does. The views of a subcommittee of the EP, in the absence of an EC initiative, matter even less. Should the EC actually come up with a proposal for a regulation like this, that proposal will only become EU law if adopted by both the Council (i.e. the governments of the EU member states) and the EP. Could it happen? Yes, sure. But countries that offer CBI or residency programmes would undoubtedly be quick to adapt, by introducing additional and probably rather pro forma requirements for prospective citizens and residents. While it might well be that CBI in its present form is a concept that is living on borrowed time, residency programmes for people with money in the bank (or elsewhere) will certainly be with us for decades to come.

[@jackwicker]

Another one for the "James Dale Davidson and William Rees-Mogg were right" jar.

[@jameschristie3684]

The EU isn't going to be around much longer.

[@OffshoreCitizen]

How long would you estimate? Some people are predicting a rapid decline, applying the Lindy effect would suggest 30 years obviously with gradual decline during that time... Good for Russia

[@surfreadjumpsleep]

It's a terrible terrible thing.. people with money wanting to become eu citizens. /s

[@beaf6537]

Whether this passes or not, it gives you an idea of what the EU is really. Future doesn't look bright. Too much bureaucracy kills a country. It's headed that way. Invest in non EU is safer at this point.

[@OffshoreCitizen]

Where do you suggest investing and why?

[@XxxXxx-eu2yw]

They don't want to see foreigners better than them. It's SOOO upsetting to Europeans. They used to believe they are the best in the world, it's offensive to have a foreigner businessman success in thier countries.

[@Timithos]

What is the Livey Committee? Is that like the U.S. equivalent House of Representatives for the EU? With a vote like 61 to 3 is that going to be the same reflection in the EU Parliament vote?

[@OffshoreCitizen]

No it's is more like an advisory committee that then goes to another, which goes to another four final approval.

[@jermon983]

What will be the solutions to this if it passes?

[@OffshoreCitizen]

I suspect unofficial programs will become much more popular and you'll find loopholes in non investment based immigration.

[@jermon983]

@@OffshoreCitizen Gotcha I'm looking to become a citizen through investment.

[@shamoen]

So if you were to be looking to 'go where your money is treated best' then the countries who want you money would obviously want to keep that money where they can use it. While it is certainly not beneficial to the investor class, it is designed to keep the investment in the country where it is earned. I know the number one reason I have looked at these, once my income shifted to a more tax painful situation, is to save tax. Governments like to take tax. Its the constant cat and mouse game and this is not surprising at all.

[@hemantparakh6462]

Where do the European Shares go?

[@pereira025]

Hi Michael, couple of points from me: 1) I wonder that “the EU taxing the profits arising from these programs” means, in practice? The EU doesn’t really have a taxing power… is that really what the documents says? That doesn’t make a lot of sense. 2) I don’t think a piece of legislation like this would be in line with EU law. At a high level, I believe EU countries have the right to determine their own residence nexus (birthplace, blood, investment, etc). That proposal just doesn’t sound correct at several levels. Can you please share the link to it? Cheers

[@cameronhay7357]

Michael, does this include Residency via house investment programs? I am just starting my Cyprus residency process which will take 18-24 months, and would hate for my plans to ruined!

[@OffshoreCitizen]

Technically they haven't said it doesn't but we'll see what happens. I don't suspect a bunch of these programs will go away soon but we'll see

[@garyb455]

This just sums up the EU it has held Europe back for 40 years. It is a 1970s solution for a problem that does not exist. Countries should be in competition with each other its the only way to keep taxes down.

[@tinglestingles]

May I ask... are there any numbers or statistics on what happens when Portugal residents complete the 10 year NHR? I don't know when the scheme started.- have residents stayed or just left for pastures new?

[@OffshoreCitizen]

We're basically just coming up on the end of 10 years so we'll see but my guess is a bunch will leave and some still stay

[@tinglestingles]

@@OffshoreCitizen Thanks! I'm sure a lot can change in 10 years - my wife is still interested in Mexico but tax is high there too.

[@peaceonearth8693]

What's to say that they won't make these restrictions retro-active? Say, someone gets in with Malta but the rules become you can only live in Malta (for a million dollars buy in). Second point: The Soviet Union was one example of a principle, where there was not freedom to leave and emigrate to elsewhere. If populations are going to forced into communism, etc. the authoritarians can't allow people the freedom to go elsewhere.

[@OffshoreCitizen]

I have no doubt as global mobility threatens some nations they'll attempt to restrict that mobility, good reason to pursue optionality while it's easy.

[@dlukton]

Yeah, potentially it could affect holders of the Portuguese golden visa... people who were going to try to get citizenship in Portugal.

[@shillmybags7175]

Although this is a proposal , it will probably pass. The EU is so powerful that nation state dissent is never tolerated, and they have yet to recognise it's citizens as human beings.

[@emmanueljames2487]

@Ben If EU is so good, why they are trying to stop citizens from leaving, like Cuba and Soviet Union?

[@cookmaster3626]

This new proposal is a Killer to all the options to get a PR in an EU country. Who knows they may do something like Malaysia did with the MM2H making it impossible and no incentive to move. If that happens so be it- I will use the Schengen visa 90/180 day rule and shuttle between Schengen and non Schengen zones and avoid being a Tax resident in any country ouside the US and all the hassles.

[@OffshoreCitizen]

Well you could still do actual immigration visas on other basis but you'd have to spend 6 months a year in the country. Though of course countries could change that. And there are digital nomad visas.

[@MrSeraphcorp]

This is exactly the kind of thing that we'd like to see that is live and happening in the world today thank you.

[@chipyoung4396]

They want to end your business model world wide

[@mattfisher8090]

Hi Michael, could you please do a video on final tax obligations when changing domicile (in particular, can you be prevented from having new domicile being recognised until previous domicile's past taxes have been paid in full. Also, is "paid in full" last 12 months? or 2 years? etc.

[@OffshoreCitizen]

Depends on the country usually that's not an issue but very case by case. I'll see what we can create

[@jeremywright5036]

Well that 100% confirmed my impression that living anywhere in the EU or the 5 eyes countries is just a terrible idea. The only thing worse would be actually joining the EU.

[@Timithos]

Yeah, with the Russia's war in Ukraine and further plans, and things like this. I'm noping out of pretty much anything Europe.

[@lerryperry]

On a serious note, I think the EU needs to get CANCELLED

[@Timithos]

I smell a "Brexit II" on the horizon.

[@emmanueljames2487]

Do you think there is a chance of Caribbean CBI programs closing in less than 2 years?

[@realismatitsfinest1]

Personally, I don't see this happening. The EU is very bureaucratic and the legislative assembly can't do this alone. But, if it does pass, one way around it is this ... I know that you Michael, have talked about South American citizenships in the past, all based on naturalization and residency in those countries. Well, all South American countries have arrangements with both Spain and Portugal. If you have a citizenship in, say Uruguay, you can go and apply for residency in Spain or Portugal. And, after only 2 years, you'll get EU citizenship, instead of the usual 10 years for Spain and 7 years for Portugal. From my understanding (Michael please correct me if I'm wrong) ... Uruguay has a 3 year wait time - i.e., live in Uruguay for 183 days (6 months+1 day) every year for 3 consecutive years and you can apply for Uruguay citizenship. (It's also quite easy to move to Uruguay; proof of $1,500 a month income along with criminal check and you're in; plus they have a new 10-year tax free holiday for all new immigrants!) It'll obviously take another year to get. So, after 4 years in Uruguay, and your new passport in hand, apply for residency in Portugal. They'll have to learn the Portuguese language, which you can easily do while you live there for 2 years and ... BOOM! ... you have EU-Portuguese citizenship as well. Again this may take a year to get but after a 7 year period you would now have received two passports/citizenships (Uruguay and Portugal) instead of just moving to Portugal and getting just one. (And, of course, doing the latter, you'd only be able to apply after 7 years ... you'd still might have to wait another 6-12 months to get your Portuguese citizenship.) And then, if you were really ambitious, all Portuguese speaking countries have agreements with each other to have a fast-track citizenship program as well for people going the naturalization route. So you could move to Cabo Verde or Brazil, and after 2 years in those countries, you could acquire a THIRD passport. This is my plan. You should make a video about this Michael.

[@Timithos]

Good plan. I don't even like to talk about plans in KZbin comments, but it's probably too late anyway. I'm going the Paraguay route and then either a St. Lucia or Dominica CBI.

[@rougueone7126]

As I'm new to this, if you'd be kind enough and don't mind helping, is there a route going through Brazil, to apply for EU citizenships?

[@torontovoice1]

I think that the main countries in the EU like Germany and France are very against these programs because they essentially enable smaller players to sell something that is essentially not theirs to sell. I could see them selling residency by investment, and that would be okay if what they were selling enabled the buyer to live in that country only. But that's not the way the EU works. So by selling either residency or citizenship by investment, they are essentially giving people a right that they really don't have the authority to provide. I think what is to determine is what rights each individual EU member has versus the block itself. For example no one country would be able to make a law that would affect the entire EU block. But by selling CBI, that's exactly what they're doing. I can see the logic and giving every country the right to veto each individual citizenship by investment. That would completely remove all the corruption that existed in previous programs. I know that Canada was doing it for a while and then they stopped. So Quebec picked up the ball and started doing it as well with an office in Hong Kong. There was a lot of corruption in that program and basically the whole thing was a fraud because the people applying had no intention of settling in Quebec, rather they wanted to go to Toronto or Vancouver. And they had undercover operatives on camera saying exactly that. Worse, the agents told them they could provide them with an address in the Quebec and then once they got their permanent resident card, they could go anywhere they wanted. One of the tenants of the program was that they had to sign a document saying they had a firm intention to move to Quebec. One guy even said that he went to Quebec I went to a gas station to fill up his tank and the person only spoke French. I think it's pretty common knowledge they speak French and Quebec.

[@torontovoice1]

kzbin.info/www/bejne/oXe9hJ6Jd9N5eLs

[@LisaCulton]

Even Austria, which is a rich country, has citizenship by investment and I don't see any reason why they shouldn't be able to offer that to people who need a better citizenship.

[@emmanueljames2487]

What is the chance for this to pass?

[@shillmybags7175]

Another nail in the coffin for the EU, and very bullish for Non EU CBIs and residency programs.

[@Alex-lk6yv]

@Richard Peaz yea I always thought the same. One day Europe would remove access to those who hold tax heaven countries like at kitts, st lucia, Antigua, Vanuatu, Dominica

[@peaceonearth8693]

@Richard Peaz Yep. And, in the States they already don't want your money to leave. Eventually, they won't let their citizens leave either. The world's going Soviet.

[@dlukton]

@@Alex-lk6yv Yes; and the EU could be particularly motivated to do that in the event that they were to introduce citizenship-based taxation (the idea being to make it difficult for EU citizens to get out of the tax net).

[@MikaKotikoski]

EUCCP.

[@tentimetex]

This is not really a surprise is it? It was a question of time. As these programs become more popular and more desirable, the EU will increasingly target them.

[@OffshoreCitizen]

CBI not so surprising, RBI much more surprising given the EU states that have them

[@jeremyleonbarlow]

@@OffshoreCitizen It's also somewhat surprising given the fact that Europe to a large degree has the same demographic cliff the US, Canada and Japan are facing with workers aging out of the work force and a need for more immigrants. New investment dollars for new businesses will be needed in Europe to attract more new immigrants to replenish the retiring workforce. I mean Germany has anticipated a need for a massive influx of immigrants since the 1980s. Oh... I get it now, they don't want competition for workers from Southern Europe to stay in their home countries because there are new jobs there.😏

[@N17sd]

Cyprus is not part of that decision, right? Thank you ❤️

[@tinglestingles]

What are the numbers? How many investors per year?

[@gamingbtc]

It is absolutely tiny. I just invested in Portugal and my lawyer told me since Portugal even started the program, they've had less than 10,000 applications...in all years combined. The program has been going for something like 10 years. If you google this you will also see the number. The funny thing is, why is it bad to have wealthy people have access to your country...they only bring their wealth and spend it. I don't have to live in the EU to invest in the EU, but I have to live there to enjoy it as a visitor, and thus spend my money.

[@tinglestingles]

@@gamingbtc Interesting - thanks for your comment. We are enjoying Portugal very much.

[@AnnSisuLiv]

The powers that be don't want people moving around and traveling. Too hard to control them.

[@iro3d]

So, you are saying "if you're interested in taking advantage of those programs, probably a good idea to do so sooner rather than later". But I think it would be a good idea to stay away from EU altogether. If EU is going the wrong direction, then by the time you get the citizenship, you might not want it, and would have to pay to get rid of it, like in USA.

[@uripierre-noel6852]

Hi Michael how do you think this will effect Portugal's Golden Visa Program? Sounds to me like a total crap shoot I'm an American looking to buy a home or move assets to Portugal to qualify in 18-20 months.

[@mjfarid8337]

+1 on this, let’s assume this gets passed, what would be the impact on folks who are currently in the golden visa process and for those who are looking to get into the golden visa program?

[@ubomninomen7765]

You don't need a golden visa to live in Portugal. Check out other paths to residency and citizenship. GV is great and its not going anywhere anytime soon, IMHO, but if you're anxious, start the process now. Worst case scenario, you'd be grandfathered in before the Euro-nativists get any traction.

[@Duck-wc9de]

the portuguese imigration laws are very flexible. if citizenships by investment are banned, portugal just creates more normal VISAS and go around the ban this is a country very dependent on imigration and that wants it very badly.

[@OffshoreCitizen]

Who knows if this will pass, when, and how the details will play out. As written the Golden visa wouldn't hold up so people would need to resort to other options. This being said I think they'll probably have a hard time going against schemes like golden visas. I suspect the first major attack vector an be weaknesses are the Maltese programs.

[@gamingbtc]

@@OffshoreCitizen I'll be lining up to sue with all the other wealthy folks, if they bait and switched my massive golden visa investment.

[@jeremyleonbarlow]

So is the D7 visa in Portugal an investor visa scheme? I mean seriously, you need enough money to support yourself from outside the country, that sounds like an investor visa, but it could also be a skills visa as royalties are amongst the passive incomes accepted.

[@OffshoreCitizen]

No D7 wouldn't be affected

[@jeremyleonbarlow]

@@OffshoreCitizen which kind of makes it seem even more arbitrary, at least to me.

[@grinsekatze6155]

Thankfully it was about time

[@LanaALaBonte]

The same people who do whatever they want always seek to restrict those they claim to represent & want to support their tyranny! 🙄 Talk about a world being twisted into more rules to destroy the lives of humans who seek to live their lives in the pursuit of happiness! It’s disgusting the overreach of these politicians abusing power who think they can just keep imposing upon humans who did not give them this sort of authority.

[@Yasin_Affandi]

Thanks for sharing this video.

[@OffshoreCitizen]

Always our pleasure! What do you think of the news?

[@Yasin_Affandi]

@@OffshoreCitizen I'm quite surprised by d plan n proposal by EU. Let's see what r EU next plan of actions. 🙂

[@matsebarumi6894]

Are they nuts? Yes they are. Not only because of Citizenship & Residency by Investment Programs

[@OffshoreCitizen]

Haha what else would you add to the list?

[@JenShea]

Unbelievable!

[@OffshoreCitizen]

Right? How do you see this unfolding?

[@AliHassan-ns7ev]

Will that mean if people with Caribbean passport lose their visa free status to the EU ?

[@OffshoreCitizen]

Not yet, that's what they are proposing, we'll see what happens

[@AliHassan-ns7ev]

@@OffshoreCitizen I know that Caribbean passports along with non-EU passports should go through ETIAS on 2023, but are there any more measurements ?

[@AliHassan-ns7ev]

@@OffshoreCitizen from what I understand from their statement is that they are only targeting the EU CBI not others

[@sarunas3483]

Somebody explain shorty please

[@Positive_Atrributes]

Chinese origin citizens, who obtain the Caribbean country passports by proper means, are the majority of their customer base! Therefore, these countries are facing the massive drop in the attractiveness of their passports, as in the case of Vanuatu; and this is because imagined security risks of espionage are now on the radar of European countries!

[@brandonjoseph3422]

The countries that have CIB programs are economically weak. The CIB was one of their ways to get wealthy individuals from across the world to invest and pay taxes in these countries. And if this bill passes then it’ll be a big loss for those nations. This looks like a tantrum from France and Germany who are the big dogs in the EU or maybe certain nationalities are buying these programs in large numbers which they don’t like. However, if it passes it’ll be a big win for the Caribbean and south east Asia.

[@Timithos]

The CBI nations are sovereign nations. They won't abide by this proposal unless they are EU members like Malta and Turkey. The negative will be they will lose the Schengen Area nations on their passport for visa free travel, but there will still be various visas to these 26 countries. CBI nations will just keep on trucking.

[@ivanreif]

lol welcome to EU. Where all capitalism & entrepreneurialism goes to die.

[@mediderm]

Hi Michael, do you this will affect the UAE?

[@OffshoreCitizen]

Not likely, probably make it more competitive

[@hemantparakh6462]

Second citizenship would be permitted in €70 Countries

[@mva6044]

Michael, short-term this might be a boon for you, but long term a complete disaster. To the point that I would start to question your business model, should many of the provisions in this bill pass. I have an inkling about why this is being pushed; small (limited) number of abusers but those get headlines; increasing social 'solidarity' and vilification of enterpreneurs; populist appeal of the law, particularly income inequality. If any aspects of this law pass, it will make Switzerland and Channel Islands (juristictions with close ties to the EU that aren't about to go away) much more appealing than residencies/citizenship within the EU such as Bulgaria, Italy, Spain, Portugal or Malta.

[@OffshoreCitizen]

Fortunately, our business isn't heavily reliant on such programs but yes it would require adaptation. I suspect something like this would make other types of programs attractive including unofficial programs where there's less competition. I like the Jeff Bezos insight of focusing on things that aren't going to change. In this regard what won't change is there will be people who want to relocate and people will want to save on their taxes. Unfortunately, they are making both of those things more difficult.

[@RC94332]

The door is losing fast

[@fredlash6190]

WHAT IS THE REASON FOR THIS DO U THINK? ESPECIALLY CONSIDERING D ECONOMY OF THESE COUNTRIES IN EUROPE. THANKS.

[@OffshoreCitizen]

My guess is probably a combination of things 1. There's a narrative of egalitarianism where wealthy people shouldn't be able to gain an advantage 2. There's some "abuse" of these programs, people being able to get around the rules of countries like France by using countries like Portugal and Malta 3. There's some power and control grab 4. There's a narrative of corrupt rich oligarchs coming to Europe with their stolen money and taking advantage of it

[@ParvizMalakouti]

I believe “totalitarian” is the word.

[@hamsterjohn]

sounds like there's gonna be ore brexits

[@i1pro]

🤢EU Parliament...🤮

[@madinventor6327]

The EU must be broken up.

[@FighterFred]

Well, the communist EUSSR is not the whole world. It's a failing political project anyhow, if Italy decides to leave then it's history. It has failed because of different national identities which cannot be merged. When the EU is gone, individual countries can then attract people and capital at will. In the mean time, there are alternatives outside the EU.

[@OffshoreCitizen]

Yeah but not much in the way of equivalent options on the citizenship side. Where can you get a tier 1 passport that allows dual citizenship outside the EU? Not so many options and all with trade offs that make them less attractive in most cases. Like it or not they've still got some elements that make them competitive.

[@difference018]

No more EU would set the groundwork for WW3.

[@MetalGearMk3]

this is not good, is this going to happen for sure or does it need to be voted upon?

[@peaceonearth8693]

Update: In the age of computers running voting machines, that concept is over.

[@Timithos]

Apparently it will pass up to EU Parliament for voting/amending, and then to the European Commission.

[@chrave1956]

The EU Civil Liberties … that a joke eh !

[@KL-ii1xt]

When that or if it happens the EU will fall apart accordingly.

[@OffshoreCitizen]

How do you see the war in Ukraine affecting the EU?

[@soundslight7754]

Terrible news indeed

[@OffshoreCitizen]

Have you seen our latest video on the topic?

[@JinxyUK]

And people wonder why the UK left the EU 🤣

[@jonteg9078]

I don't think you understand the point of view from the EU countries. We do not want more people here. I'm sorry to say it but EU is full. Besides it gives a competitive advantage for e.g. Malta in comparison to a country like Sweden. However, economically it's a disaster.

[@ArtemisLight88]

EU, overreaching much 😏. This will not come to pass, unless their intention is to completely disband their little club.

[@theresarose2473]

Quick advice, for investors only Most people think, Investing in crypto is all about buying coins, then leaving it to rise, come on it takes much analysis to be a successful crypto trader. I've made $16,000 in 2 weeks of trading. With a capital of $3,400.

[@CalCaliente]

Hahahaha