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New York Post
11 minutes ago
- New York Post
These three ‘golden' visa destinations have become hotspots for wealthy Americans
America's elite are increasingly seeking 'golden' visas. Canada-based Mohamed Bennis, an associate vice president at Arton Capital, told Fox News Digital that many are realizing 'true wealth' is measured by 'freedom of movement.' Advertisement 'Many Americans are realizing that a second residency or citizenship is the ultimate insurance policy against uncertainty,' said Bennis. 'It provides them with almost unmatched mobility, flexibility and security in a world that is becoming increasingly unpredictable.' He added, 'Just as gold has historically been a best-in-class investment as a store of value, these visas are also premium assets that provide their holders — and their families — with both tangible and intangible benefits for the long term.' Arton Capital advises high-net-worth individuals on the process of investing in citizenship or residency all around the world. Political divisions, said Bennis, have influenced wealthy Americans to weigh their options. They're not necessarily moving their primary residences — but they might be acquiring the freedom to have another option. Advertisement 4 'Many Americans are realizing that a second residency or citizenship is the ultimate insurance policy against uncertainty,' Mohamed Bennis, associate vice president at Arton Capital, said about people pursuing 'golden' visas. acnaleksy – '[Golden visas] can open doors to privileges that money just can't buy: freedom of movement, security for your family and access to opportunities around the world,' he said. He said that Malta, the United Arab Emirates (UAE) and Portugal are becoming increasingly popular for Americans seeking residency or citizenship through investment. 'Each option offers its own distinct benefits. All three open the door to new cultures, safer environments and the ability to live life on your own terms.' Advertisement 4 'Malta has recently transitioned from a citizenship-by-investment model to a citizenship-by-merit framework,' he said, making visas to this area more accessible. aapsky – 'Malta and Portugal offer access to world-class healthcare and education within the EU, often at lower costs than in the U.S. — while the UAE offers a high standard of living, zero income tax and a thriving international community,' he said. Portugal's investment program requires prospective visa holders to invest about $500,000 in qualifying investment, venture capital funds, and scientific or technological research. 'Approval is granted to applicants based on their skills and innovation.' Advertisement About $250,000 can be invested in cultural heritage preservation, or in creating at least 10 full-time jobs in Portugal, according to the country's site. 4 According to Portugal's website, about $250,000 can be invested in cultural heritage preservation, or in creating at least 10 full-time jobs in the country. SeanPavonePhoto – Bennis said Malta's program enables more people to access the visas by lowering the barriers. 'Malta has recently transitioned from a citizenship-by-investment model to a citizenship-by-merit framework,' he said. 4 Bennis said the United Arab Emirates offers a 'modern crossroads' between the East and the West that draws in the wealthy. marekkijevsky – 'This has meant that approval is granted to applicants based on their skills and innovation, rather than just the size of their economic contribution,' he said. The UAE has remained a top destination for American clients. Bennis said the emirates offer a 'modern crossroads' between the East and the West that's particularly attractive. 'Its golden visa popularized the 'citizenship by merit' trend that countries such as Malta are now adopting,' he said. Advertisement 'It grants long-term residency rights, typically 5 or 10 years, and is available to investors, skilled professionals, entrepreneurs, even outstanding students.' Bennis added, 'The countries with the most smooth and streamlined processes are often the most popular.'
CNBC
12 minutes ago
- CNBC
Trump warned by top Senate Democrats to rethink advanced AI chip sales to China
Six Senate Democrats on Friday released an open letter asking President Donald Trump to reconsider his decision to allow tech giants Nvidia and Advanced Micro Devices to sell AI semiconductor chips to China in exchange for 15% of revenue from the sales. The letter — signed by Senators Chuck Schumer, D-N.Y.; Mark Warner, D-Va.; Jack Reed, D-R.I.; Jeanne Shaheen, D-N.H.; Christopher Coons, D-Del.; and Elizabeth Warren, D-Mass. — was in response to an Aug. 11 announcement by Trump that Nvidia and AMD would pay the U.S. government a 15% cut of revenue from chip sales to China in exchange for export licenses. "Our national security and military readiness relies upon American innovators inventing and producing the best technology in the world, and in maintaining that qualitative advantage in sensitive domains. The United States has historically been successful in maintaining and building that advantage because of, in part, our ability to deny adversaries access to those technologies," the letter states. "The willingness displayed in this arrangement to 'negotiate' away America's competitive edge that is key to our national security in exchange for what is, in effect, a commission on a sale of AI-enabling technology to our main global competitor, is cause for serious alarm," the letter continues. Senators also warned that selling advanced AI chips — specifically Nvidia's H20 and AMD's MI308 chips — to China could help strengthen its military systems, a claim that Nvidia denies. In a statement to CNBC, a Nvidia spokesperson said: "The H20 would not enhance anyone's military capabilities, but would have helped America attract the support of developers worldwide and win the AI race. Banning the H20 cost American taxpayers billions of dollars, without any benefit." The letter from Senate Democrats also requests a detailed response from the administration by Friday, Aug. 22, regarding the current deal involving Nvidia and AMD, as well as any similar arrangements being made with other companies. "We again urge your administration to quickly reverse course and abandon this reckless plan to trade away U.S. technology leadership," the letter states. A request for comment from the White House and AMD was not immediately returned. Despite Trump allowing chip sales to resume, it has already become clear that China isn't welcoming Nvidia back with open arms, instead urging tech companies to avoid buying U.S. companies' chips, according to a Bloomberg report. "We're hearing that this is a hard mandate, and that [authorities are actually] stopping additional orders of H20s for some companies," Qingyuan Lin, a senior analyst covering China semiconductors at Bernstein, told CNBC. In a separate report, The Information said regulators in China have ordered major tech companies, including ByteDance, Alibaba, and Tencent, to suspend Nvidia chip purchases until a national security review is complete. —
Yahoo
39 minutes ago
- Yahoo
Jim Cramer Says Don't Quit Market When It's Frothy: 'Is Widespread Irrationality a Reason To Sell Down in Perfectly Rational Stocks? Absolutely Not'
In the face of a frothy market, financial expert Jim Cramer encourages investors to stay the course, highlighting numerous positive stock narratives that counterbalance the market's irrationality. What Happened: Cramer made a case last week, asserting that the current market conditions are far removed from the dotcom bubble burst of the late 90s. He emphasized that despite the froth, today's market is more rational. Cramer drew attention to the irrationality in recent IPOs like Circle, Figma, and Bullish, which have witnessed significant gains since their launch. On CNBC, he also noted Oklo Inc., a firm with ambitions to construct a compact nuclear reactor powered by nuclear waste, whose stock has surged 247% year-to-date. 'Flying cars, supercharged crypto ETFs, secretive companies that consult in magical ways, all irrational. I could go on and on,' Cramer said. 'Is the widespread irrationality a reason to sell down your positions in perfectly rational stocks? Absolutely not.' Also Read: Jim Cramer Has Blunt Message for Fed Chair Powell After July Job Numbers Tanked On the other hand, Cramer pointed to Amazon Inc. (NASDAQ:AMZN) and Eli Lilly and Company (NYSE:LLY) as instances of rationality. Amazon's stock climbed by 3% after the introduction of same-day fresh food delivery in over 1,000 U.S. cities and towns. Eli Lilly's stock also experienced a boost when a team from the pharmaceutical company's management and board of directors purchased stock on the open market. 'Sure, there's froth, but there are also perfectly legitimate moves in the stocks of great companies. I am calling this the year of magical thinking, but the truth is you can't get the runs in the good ones without the runs in the bad ones,' Cramer added. Read Next Short Seller Slams Jim Cramer Over Palantir, Accuses Him Of Hyping 'High-Multiple, Hype-Driven Narrative' Image: Shutterstock/katz Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? (AMZN): Free Stock Analysis Report ELI LILLY (LLY): Free Stock Analysis Report This article Jim Cramer Says Don't Quit Market When It's Frothy: 'Is Widespread Irrationality a Reason To Sell Down in Perfectly Rational Stocks? Absolutely Not' originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
