...but expats say they're still very much on hold in Australia
Americans living in the UK and France who have been waiting for more than two years to relinquish, or give up, their U.S. citizenships are now once again able to do so, as the U.S. offices that handle such relinquishments in these countries have at last reopened.
Focus Financial Partners, the NASDAQ-listed, New York-based partnership of independent, fiduciary wealth management firms that has been growing rapidly since it was founded in 2004, has said it is planning to borrow US$800 million to enable it to acquire more wealth management businesses, both within and outside of the U.S.
In an unexpected about-face that has drawn criticism from some groups, the UK has decided not to go ahead with a planned suspension of its so-called Tier 1 Investor program.
The U.K. has become the latest country to move to slow, or eliminate completely, a “golden visa” program that was originally designed to enable wealthy foreigners to live within its borders, and eventually qualify for a passport, in exchange for investing a minimum amount in the country's businesses.
But tax, residency and currency considerations keep many institutions from dealing with U.S. expats...
In the early years of this century, a number of major media exposés reported how Homeland Americans, as well as rich people from other developed and developing countries, were making...
Mar-18-2023
