Latest news with #PhilippeAmarante
Khaleej Times
10-07-2025
- Business
- Khaleej Times
UAE residents can now migrate to Maldives through new investment residency programme
UAE residents looking to migrate under residence by investment programme now have a new choice. Maldives — one of the world's most popular tourist destinations — has tied with international investment migration advisory firm Henley and Partners to build an investor visa framework specifically linked to real estate acquisition. According to Henley and Partners, the programme is still in development stage and more details will be shared in due course. The island nation is quite a popular tourist destination among UAE residents for its beautiful beaches and luxury resorts. In addition, the UAE firms have invested billions of dirhams in the island nation and some recently announced projects including Samana Developers. Philippe Amarante, managing partner and head of government advisory for EMEA at Henley & Partners, said the investment migration programme will capitalise on the country's world-class real estate offerings. 'The Maldives has long been a world-class destination for travellers. With this programme, we aim to extend that legacy to discerning global investors who see value in our people, our potential, and our future,' said Mohamed Saeed, Minister of Economic Development and Trade. 'The residence by investment programme will provide state-of-the-art properties with the utmost privacy and exclusivity. As a safe, stable, and peaceful island nation, the Maldives presents the ultimate hedge against geopolitical conflict or global pandemics, offering an unparalleled lifestyle and security to high-net-worth individual investors and their families,' he said. The new residence by investment programme will help Maldives diversify beyond traditional tourism revenues, attracting foreign investment through real estate acquisition and stimulating growth hospitality, infrastructure, and services sectors. A statement issued by Maldives said that there will be a rigorous due diligence framework to ensure the programme attracts only qualified and reputable applicants. 'Final visa and residency approvals will remain under the sovereign discretion of the Government of the Maldives, with robust mechanisms in place to safeguard the country's international standing and reputation.' Spread over roughly 90,000 square kilometres, the country — often described as a tropical paradise — is comprised of 1,190 Coral Islands, each surrounded by crystal-blue lagoons and grouped in a double chain of 27 atolls.
Yahoo
26-05-2025
- Business
- Yahoo
Rayner's tax plans would ‘accelerate exodus of Britain's wealthy'
Angela Rayner's proposed tax raid on savers and high earners would accelerate the exodus of Britain's wealthy, a leading global wealth adviser has warned. Rich people will leave the UK in greater numbers if the Deputy Prime Minister succeeds in her efforts to tax wealth more, Henley and Partners said. Philippe Amarante, the firm's head of private clients, told The Telegraph: 'What I hear from people is their response to this will most likely be 'I want out'.' 'If a country like the UK continues to make its fiscal balance sheet healthier by taking away from those who have more, those who have more will become fewer. The equation will not work.' The firm, which has 60 offices globally, is one of the world's largest investment migration consultants and benefits when the wealthy are on the move. Last week a leaked memo emerged revealing that Ms Rayner has been pushing for the Chancellor to raise taxes in order to avoid further spending cuts. The Deputy Prime Minister suggested several measures that would hit well-heeled Britons the hardest, such as equalising levies on dividends and income, and taxing pension pots more. She also suggested extending the freeze of the £125,140 threshold for additional rate taxpayers, meaning more high earners would be dragged into the 45pc tax bracket. However, Ms Rayner is playing with fire with such proposals, the wealth manager warned. Mr Amarante said: 'The concern that wealthy people have is about less wealth acceleration and more about wealth preservation. If a government is trying to tax them unreasonably highly, these people will go somewhere else because they can.' A record 10,800 millionaires left the UK last year amid anger over Labour's tax policies, previous Henley and Partners analysis suggested – more than twice as many as in 2023. Several high-profile names are among the latest émigrés, including Nassef Sawiris, Egypt's richest man and the co-owner of Aston Villa. They also include the most senior Goldman Sachs banker outside the US, Richard Gnodde, and billionaire property tycoon brothers Ian and Richard Livingstone. British nationals are already the second-largest group of buyers of real estate in Dubai, one of the most popular destinations for high-net-worth individuals who leave. The Covid pandemic also prompted greater numbers of wealthy Britons and Americans to seek citizenship in other countries as an 'insurance policy' in case of another pandemic or war, according to Mr Amarante. Mr Amarante said: 'If you had asked me two, three or four years ago, I would have said the majority of our clients are those with less powerful passports. But that is not valid any more. One of our largest source markets is actually the US and the UK now.' He added: 'There is an underlying concern – a bit of life insurance policy thinking – that if we get to another crisis of a global scale, pandemic, war, conflict or something else unforeseeable that at least I have the option to react.' Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month with unlimited access to our award-winning website, exclusive app, money-saving offers and more. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Telegraph
26-05-2025
- Business
- Telegraph
Rayner's tax plans would ‘accelerate exodus of Britain's wealthy'
Angela Rayner's proposed tax raid on savers and high earners would accelerate the exodus of Britain's wealthy, a leading global wealth adviser has warned. Rich people will leave the UK in greater numbers if the Deputy Prime Minister succeeds in her efforts to tax wealth more, Henley and Partners said. Philippe Amarante, the firm's head of private clients, told The Telegraph: 'What I hear from people is their response to this will most likely be 'I want out'.' 'If a country like the UK continues to make its fiscal balance sheet healthier by taking away from those who have more, those who have more will become fewer. The equation will not work.' The firm, which has 60 offices globally, is one of the world's largest investment migration consultants and benefits when the wealthy are on the move. Last week a leaked memo emerged revealing that Ms Rayner has been pushing for the Chancellor to raise taxes in order to avoid further spending cuts. The Deputy Prime Minister suggested several measures that would hit well-heeled Britons the hardest, such as equalising levies on dividends and income, and taxing pension pots more. She also suggested extending the freeze of the £125,140 threshold for additional rate taxpayers, meaning more high earners would be dragged into the 45pc tax bracket. However, Ms Rayner is playing with fire with such proposals, the wealth manager warned. Mr Amarante said: 'The concern that wealthy people have is about less wealth acceleration and more about wealth preservation. If a government is trying to tax them unreasonably highly, these people will go somewhere else because they can.' A record 10,800 millionaires left the UK last year amid anger over Labour's tax policies, previous Henley and Partners analysis suggested – more than twice as many as in 2023. Several high-profile names are among the latest émigrés, including Nassef Sawiris, Egypt's richest man and the co-owner of Aston Villa. They also include the most senior Goldman Sachs banker outside the US, Richard Gnodde, and billionaire property tycoon brothers Ian and Richard Livingstone. British nationals are already the second-largest group of buyers of real estate in Dubai, one of the most popular destinations for high-net-worth individuals who leave. The Covid pandemic also prompted greater numbers of wealthy Britons and Americans to seek citizenship in other countries as an 'insurance policy' in case of another pandemic or war, according to Mr Amarante. Mr Amarante said: 'If you had asked me two, three or four years ago, I would have said the majority of our clients are those with less powerful passports. But that is not valid any more. One of our largest source markets is actually the US and the UK now.' He added: 'There is an underlying concern – a bit of life insurance policy thinking – that if we get to another crisis of a global scale, pandemic, war, conflict or something else unforeseeable that at least I have the option to react.'
