Industry News

Americans renouncing citizenship at record high

Americans renouncing citizenship at record high

2016 registered a record high in the number of Americans renouncing their citizenship.

According to the latest data released by the government, the figure increased by 26% from 2015’s numbers to a total of 5,411 individuals. Analysis shows that the decision is mostly driven by tax considerations, especially in the context of the Foreign Account Tax Compliance Act (FATCA). According to this regulation, foreign institutions holding assets for U.S. citizens are obliged to report the accounts to the American authorities.

Failure to do so can result in penalties. As a consequence, a number of foreign banks have chosen not to open accounts for American expats, making their lives abroad more difficult. Since FATCA was introduced, the number of Americans renouncing citizenship has reached its four highest historic levels. Last year saw some prominent figures choosing to part with the U.S., such as Boris Johnson, the UK Foreign Secretary who was born in New York.


USA EB-5 Regional Center Program on Life Support

USA EB-5 Regional Center Program on Life Support

2017-05-04
2017-05-04

USA EB-5 Regional Center Program on Life Support

The USA EB-5 Regional Center Program has been extended until September 30, 2017,

United States
Arton Capital Partners With Harvard Business School Alumni of GCC

Arton Capital Partners With Harvard Business School Alumni of GCC

2017-04-26
2017-04-26

Arton Capital Partners With Harvard Business School Alumni of GCC

Arton Capital is pleased to announce a new partnership with the Harvard

United States
USA EB-5 Visa Program Under Scrutiny

USA EB-5 Visa Program Under Scrutiny

2017-03-10
2017-03-10

USA EB-5 Visa Program Under Scrutiny

As President Donald Trump seeks to pass immigration reform, there is another visa program

United States
Proposed regulations raise EB-5 investment amounts

Proposed regulations raise EB-5 investment amounts

2017-01-12
2017-01-12

Proposed regulations raise EB-5 investment amounts

Earlier in January the Department of Homeland Security announced its plan for redesigning the EB-5

United States