Critical Analysis of Investment Migration Programs: Economic Impact, Misconceptions, and Policy Trends
Understanding the True Impact of Investment Migration Investment migration programs, including Citizenship by Investment (CBI) and Residence by Investment (RBI), have become integral to global economic strategies. These programs provide governments with substantial revenue streams while offering investors enhanced mobility, tax efficiency, and security. However, their economic impact is often misrepresented by regulatory bodies and […]
Reimagining Global Mobility with Savva & Associates
In a world where the strength and utility of a passport can shift as quickly as the sands of international diplomacy, Savva & Associates stands as a beacon for those seeking stability and strategic foresight in their global mobility plans. Our expertise in second citizenship and residency by investment solutions is particularly relevant today, as […]
Savva & Associates: Specializing in Tax Optimization and Wealth Management for Crypto Investors
At Savva & Associates, we understand the unique challenges and opportunities that come with cryptocurrency wealth. As global interest in digital assets like Bitcoin continues to rise, we recognize that high-net-worth crypto investors require specialized solutions to protect, grow, and optimize their holdings. Our firm is proud to be at the forefront of providing tax […]
Enhancing Corporate Mobility: The Intra-Corporate Transfer Scheme in Cyprus
Cyprus has emerged as a prime destination for businesses aiming to broaden their operations within the European Union, leveraging the Intra-Corporate Transfer (ICT) scheme to streamline this process. Introduced to align with the European Union’s Intra-Corporate Transferees Directive, the ICT scheme in Cyprus was fully implemented on February 17, 2017, following the amendment of the […]
Cyprus: A Leading Tax Haven for UK Millionaires Seeking Stability and Favorable Tax Treatment
In 2024, an unprecedented number of high-net-worth individuals left the UK, seeking refuge from the restrictive tax changes imposed by the Labour Party. This mass exodus, the largest recorded in recent history, saw approximately 10,800 wealthy individuals—including centi-millionaires and billionaires—relocate, driven by the abolition of the non-dom tax regime. While nations like Italy, Malta, and […]
Navigating Global Wealth and Asset Protection with Cyprus International Trusts
In an era where the global economy’s assets are valued at staggering figures—over $100 trillion in stock markets, approximately $280 trillion in real estate, and more than $128 trillion in bond markets—high-net-worth individuals (HNWIs) face the critical challenge of safeguarding their wealth against volatility and legal uncertainties. Cyprus International Trusts (CITs) present a sophisticated solution, […]
Cyprus Enhances its Startup Visa Scheme to Boost Innovation and Attract Global Talent
The Cypriot government has recently approved substantial revisions to the Startup Visa scheme, aimed at making Cyprus an even more attractive destination for innovative entrepreneurs from non-EU countries. As outlined by Deputy Minister of Research, Innovation, and Digital Policy, Nicodemos Damianou, the modifications are designed to enhance the effectiveness of the scheme and support the […]
Optimizing Crypto Investments: Leveraging Cyprus’ Non-Domicile Status with Tax-Efficient Jurisdictions
In the ever-evolving cryptocurrency market, investors are constantly exploring strategies to enhance returns while reducing tax exposure. One particularly effective approach combines Cyprus’ Non-Domicile (Non-Dom) tax regime with the benefits of tax-efficient jurisdictions. Together, they create a powerful solution for maximizing financial efficiency, regulatory compliance, and long-term asset protection. The Benefits of Cyprus’ Non-Domicile Regime […]
“UK’s New Tax Amendments: A Turning Point for HNWIs – Why Cyprus Stands Out as an Ideal Solution”
On October 30, 2024, UK Chancellor Rachel Reeves introduced a budget that brings substantial changes to the taxation of high-net-worth individuals (HNWIs). Key measures include increased taxes on wealth and the formal decision to abolish the non-domicile (non-dom) tax regime by April 2025. These changes will significantly impact HNWIs in the UK, prompting many to […]
Reviving Cyprus’ Citizenship by Investment Program: Lessons from Malta’s EU Battle
The European Court of Justice (ECJ) is currently reviewing Malta’s Citizenship by Investment (CBI) program—a case that could have profound implications for Cyprus. Legal experts, including prominent EU constitutional scholars, emphasize that EU countries should maintain the sovereign right to grant citizenship as they see fit, provided it’s done transparently and responsibly. This case brings […]