For our investors investing in Morningstar Managed Portfolios, click below to access the latest performance snapshot, market commentary and market performance summary:
Morningstar SA Managed Portfolios Morningstar Global Managed Portfolios (USD) Market Commentary - SA and Global Market Performance Summary - SA and Global
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Offshore investing used to be for wealthy individuals in South Africa however, this has changed over the years with platforms offering a range of different products with various minimums. In this article, we focus on the two most popular products namely an offshore discretionary investment and offshore endowment or sinking fund investment. As with all investments, each investor’s needs and circumstances are unique. Whilst the article below aims to outline the basic characteristics of the different offshore products, it does not aim to give tax or fiduciary advice on these products. We strongly encourage investors to consult their financial adviser for any tax and estate planning advice. For our investors investing in Morningstar Managed Portfolios, click below to access the latest performance snapshot, market commentary and market performance summary:
Morningstar SA Managed Portfolios Morningstar Global Managed Portfolios (USD) Market Commentary - SA and Global Market Performance Summary - SA and Global Source: Morningstar The European Golden Visa programs are some of the most popular in the world. And with good reason. A look now at each country one-by-one: Portugal: From Euro 280,000 - After five years as a Portuguese Golden Visa holder, the investor and their family can apply for permanent residence or citizenship. They are allowed but not required to live in Portugal: as long as they spend at least seven days a year in the country, their residence permit remains valid. Full capital returned in year 5. Spain: From Euro 500,000 - A Spanish Golden Visa holder, the investor and their family do not need to take language and cultural exams to obtain this type of residence permit for 5 years. Also, they are not required to spend time in Spain, and the law allows investment property to be rented out. Malta: From Euro 135,000 - The status under the Malta Permanent Residence Program is granted for life. The investor has to fulfil several investment conditions: buy or rent real estate (for 5 years), pay government fees and make a charitable donation. They must also confirm that they have a capital / net worth of €500,000. A very affordable program. Greece: From Euro 250,000 - The Greece Golden Visa Program requires a minimum of Euro 250k of investment, in some regions, with recent increases to Euro 500k in others. They allow the property to be be rented out. After holding permanent residence for five years, the investor can sell the property and keep the permanent residence permit. Cyprus: From Euro 300,000 Cyprus Golden Visa holders must invest in real estate, residential or commercial. No taxes on global income, and the country has low income and property tax rates. The corporate tax rate is only 12.5%. After 5 years of living on the island in a soft Mediterranean climate next to the sea, a permanent resident can obtain Cyprus citizenship. Italy: From Euro 250,ooo - The Italian residence permit is issued for two years. It can then be extended for three years provided that the investment is maintained. Investors are not required to live in Italy if they do not want to obtain citizenship. Investors get citizenship by naturalisation under general conditions after 10 years of living in the country. Courtesy: Knightsbridge Group. For more information, click here: bit.ly/44mqe3M Progressively more articles are appearing warning that the South African economy is heading for a total implosion. The sentiment is incredibly bearish on the ground and South Africans are finding themselves between a rock and a hard place. Should we pack up and immigrate, should we throw in the towel and prepare ourselves for a complete collapse, and/or should we take all our money offshore? In the run-up to savings month this July, we’ve been sharing quite a lot of content such as how to cultivate healthy financial habits as early as possible, the power couple that is savings and investing, the perils of sitting on the sidelines and not investing your cash as well as the importance of saving consistently. In this article, we’re going to keep things a bit more practical and look at the various choices or products available through which to save and grow wealth. For our investors investing in Morningstar Managed Portfolios, click below to access the latest performance snapshot, market commentary and market performance summary:
Morningstar SA Managed Portfolios Morningstar Global Managed Portfolios (USD) Market Commentary - SA and Global Market Performance Summary - SA and Global |
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