Connect with us

Business

The Value of Dual Citizenship for African’s Wishing to Take Advantage of Opportunities within the Continent and Abroad

Published

on

unnamed

“No man is an island” is the theme of this year’s upcoming Investment Agenda, being held in Johannesburg on the 20th of October. Leading investors, asset managers and industry experts will assemble to examine the prevailing economic and political environment in Africa and its impact on investment strategy in 2016.

In light of this conference, Monarch&Co International  emphasizes the value of dual citizenship, especially for African’s wishing to take advantage of opportunities within the continent and abroad. Holding the passport of another country can open opportunities for business, education, healthcare and visa-free travel for investors and their families.

Monarch&Co International are specialists in residency and citizenship by investment programmes and currently have a wide portfolio of countries around the world for investors to choose from. Among the countries that offer the best benefits are, Antigua & Barbuda, Cyprus (EU), Grenada, Malta (EU), Mauritius, Portugal (EU), St Kitts & Nevis, the UK (EU) and the USA.

According to statistics, it is estimated that only around 1% of the world’s population have two or more passports, making dual citizenship an exclusive privilege. While in the past it was only possible for people to attain dual citizenship through their ancestry or emigration, many countries have now made it possible for applicants to gain residency or citizenship through various investment programmes without ever having to emigrate.

By making a substantial investment into either a business venture or the purchase of real estate, investors can apply for residency and / or citizenship in a foreign country. James Bowling, CEO of Monarch&Co, says that investors are particularly interested in obtaining citizenship in countries that are members of the European Union (EU). This is largely due to the benefits afforded to EU citizens including right of free movement, settlement and employment across all EU member states. Whilst Bowling agrees that the EU offers unparalleled opportunity, other countries can offer similar and / or different benefits that may better suit other investor requirements. These countries can include the USA, Grenada and Antigua & Barbuda. Therefore, the choice of country really concerns the primary reason for investment, explains Bowling.

Bowling highlights five advantages of gaining dual residency and / or citizenship:

A Lifestyle Hedge

The lifestyle benefits that investors could reap include access to better basic services such as healthcare, education, security and transport.

A Financial Hedge

A hard currency investment is a good currency hedge. “Many are looking for investment options that allow them to financially hedge against future economic uncertainty in their home country. Some of the programmes offer investors returns of up to 6.5% as well as buy-back guarantees once they qualify for citizenship – allowing investors to earn returns in foreign currency – these countries include Grenada and Antigua and Barbuda.

Unrestricted Travel

Freedom of travel is one of the major benefits of these programmes. “Many of our clients incur huge travel inconveniences when travelling abroad owing to the conditions set on them by virtue of the passport that they carry.  Visa applications are both costly and time consuming and generally an irritating nuisance. Through residency and citizenship programmes, investors can gain travel benefits through obtaining another citizenship that has fewer travel restrictions and visa requirements,” says Bowling.

Tax Breaks

Bowling points out that by gaining a second citizenship, investors are also able to enjoy tax breaks as well as the possibility of improved personal and corporate tax exposure. “The extent of these benefits would depend on the new jurisdiction’s offering and incentives as well as where the client makes their primary tax residence.”

Family Security

Investors who are looking for better schooling opportunities for their children, a safe environment in which to raise their families, or just a better quality of life, are attracted by the benefits of dual citizenship.

“There are many reasons why dual residency and citizenship appeals to many investors, but mostly it revolves around the second passport, which is their key to a world of free movement, greater flexibility, and legal tax reduction,” Bowling concludes.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Business

ONEPLUS IS GOING TO START MAKING TVS

Published

on

OnePlus is is getting into a new line of business: making TVs. Best known for its phones, China’s OnePlus also has a small catalog of really good accessories like wireless earphonesand surprisingly awesome backpacks, though nothing as complex or expensive as a television set. In announcing the news on the OnePlus online forums, company chief Pete Lau describes it as “the first step in building a connected human experience.”

Every hardware manufacturer is now looking intently at ways to monetize the smart home space. Samsung and Huawei recently announced smart speakers, Apple and Google already have the HomePod and Google Home, respectively, and Microsoft and Sony are old incumbents with their Xbox and PlayStation consoles. OnePlus has decided to make its entry point into this market the TV itself, which has always been at the center of home entertainment, though often with the help of other connected devices. Reading Lau’s teaser announcement, the OnePlus TV — which so far only has a project name, no timeline or specs have been revealed — will serve as the connectivity hub for OnePlus’ future vision of the smart home.

The OnePlus smart TV will be developed by a new division within OnePlus, led by Pete Lau himself. Still at the earliest stages of development, OnePlus is currently seeking input from its fans, as it often does, about what their priorities with a future smart TV will be.

Continue Reading

Business

AMAZON IS REPORTEDLY BUILDING A FREE STREAMING VIDEO SERVICE FOR FIRE TV OWNERS

Published

on

Amazon is said to be prepping an ad-supported streaming video service; it’ll be available to folks who own any of the company’s Fire TV streaming dongles and set-top boxes, reports The Information.

It’ll be separate from Prime Video, which offers a range of licensed shows and movies, as well original content produced by Amazon, to people who are subscribed to Prime.

Amazon's latest streaming device is the Fire TV Cube
Credit: Amazon
Amazon’s latest streaming device is the Fire TV Cube

Do you like good gadgets?

Those sweet cool gadgets?

Oh, yeah

The idea behind this upcoming service, which is dubbed Free Dive, is to help Amazon bring in more revenue through advertising. Ads presently account for a small fraction – about $2 billion out of more than $200 billion – of its annual revenue, but they offer higher margins than retail, and are one of Amazon’s fastest growing earners company-wide.

To that end, the company’s been selling ad space on its site, and is slated to run ads during live sporting events on Prime Video. It also turned off ad-free viewing on Twitch – its game video streaming service – for Prime subscribers earlier this month.

Free Dive could give Amazon a chance to rival Roku, which offers a similar ad-supported streaming service for owners of its devices and is expected to reach 59 million users by the end of 2018. Roku also made its ‘Channel’ service available via the web earlier this month to folks in the US, so you don’t need the company’s hardware to access it. It’ll be interesting to see if Amazon follows suit – and how it plays its cards with customers across the globe, especially in cost-conscious markets like India, where it’s expanding its media offerings.

Continue Reading

Business

AMAZON SETS ITS SIGHTS ON THE $88 BILLION ONLINE AD MARKET

Published

on

Verizon doesn’t sell its mobile phones or wireless plans over Amazon. Nor does it offer Fios, its high-speed internet service. But Verizon does advertise on Amazon.

On Black Friday last year, when millions of online shoppers took to Amazon in search of deals, a Verizon ad for a Google Pixel 2 phone — buy one and get a second one half off — could be seen blazing across Amazon’s home page. And on July 16, what Amazon calls Prime Day, an event with special deals for its Prime customers, Verizon again ran a variety of ads and special offers for Amazon shoppers, like a mix-and-match unlimited service plan.

Amazon, which has already reshaped and dominated the online retail landscape, is quickly gathering momentum in a new, highly profitable arena: online advertising, where it is rapidly emerging as a major competitor to Google and Facebook.

The push by the giant online retailer means consumers — even Prime customers, who pay $119 a year for access to free shipping as well as streaming music, video and discounts — are likely to be confronted by ads in places where they didn’t exist before.

 

In late August, some gamers were angered when Twitch, a video game streaming service acquired by Amazon in 2014, said it would soon no longer be ad-free for Prime members unless consumers paid an additional $8.99 a month for a premium service called Twitch Turbo.

Amazon derives the bulk of its annual revenue, forecast to be $235 billion this year, from its e-commerce business, selling everything from books to lawn furniture. Amazon is also a leader in the cloud computing business, with Amazon Web Services, which accounts for around 11 percent of its revenue but more than half of its operating income. But in the company’s most recent financial results, it was a category labeled “other” that caught the attention of many analysts. It mostly consists of revenue from selling banner, display and keyword search-driven ads known as “sponsored products.” That category surged by about 130 percent to $2.2 billion in the first quarter, compared with the same period in 2017.

Those numbers are a pittance for Google and Facebook, which make up more than half of the $88 billion digital ad market. But they come with big and troubling implications for those two giants.

Much of online advertising relies on imprecise algorithms that govern where marketing messages appear, and what impact they have on actual sales. Here, Amazon has a big advantage over its competitors. Thanks to its wealth of data and analytics on consumer shopping habits, it can put ads in front of people when they are more likely to be hunting for specific products and to welcome them as suggestions rather than see them as intrusions.

Amazon is gaining in advertising when the public perception of Google and Facebook has soured. In addition, some advertisers have yet to return to YouTube, a growing ad channel for Google, after brands like AT&T were found appearing adjacent to videos that promoted racism or terrorism.

Continue Reading
Advertisement

Trending