Showing posts from July, 2018

Permanent Residency in the United Kingdom

UK Tier 1 (Investor) and Tier 1 (Entrepreneur) visas are for non-European Union investors and entrepreneurs with significant funds available to invest in the UK, or to set up a business. Successful applicants are granted a visa for themselves and their dependent spouse and minor children. The visa does not allow for other family members, such as parents or siblings to be included. Visa’s are granted for an initial period of 3 years and 4 months and may be extended for further periods of two years subject to the requirements continuing to be met.

The Tier 1 (Investor) Visa
To qualify for the UK Tier 1 (Investor) Visa the applicant must make an investment of at least £2 million in qualifying investments (excluding property related investments), and meet eligibility requirements which include: Holding the investment funds in a UK regulated financial institution for 3 months prior to applicationBeing able to prove that the money belongs to the applicant or their spouse or long-term partnerMa…

U.S. Supreme Court Refuses to Hear Challenge to FATCA

The U.S. Supreme Court has declined to hear an appeal from the U.S. Court of Appeals’ ruling in the Crawford case, in which the constitutionality of FATCA was unsuccessfully argued.
While the Republican Party has previously shown some sympathy for efforts to repeal or scale back FATCA, under the Trump Administration the law continues to impose significant reporting burdens on U.S. taxpayers residing abroad.

The Court’s Ruling
On April 2, 2018, the United States Supreme Court denied the petitioners’ request for a Writ of Certiorari to review the ruling of the U.S. Court of Appeals for the Sixth Circuit in Crawford v. United States Department of the Treasury, 868 F.3d 438 (6th Cir. 2017).The core issue in this petition was whether the Sixth Circuit erred by holding that Petitioners lacked standing in challenging the constitutionality of the Foreign Account Tax Compliance Act (FATCA).
By declining to hear this matter, the U.S. Supreme Court effectively validated the district court’s earli…

Thinking Of Leaving America?