Dubai becomes more crypto-friendly

A growing number of African countries are offering residence and citizenship to foreign investors through their investment programs. These programs, known as migration investment programs, allow investors to purchase citizenship or residency in exchange for investment in a country.

The real estate market in South Africa has experienced a surge in demand for luxury homes and properties in recent years due to a stable political climate, foreign investment and the growth of the middle class.

There are over 375,000 active BVI Business Companies (with approx. 57% owners from Asia and 16% from Europe and North America) facilitating an estimated $1.4 trillion in cross-border trade and investment, supporting around 2.3 million jobs globally and generating $14bn each year in taxes for governments worldwide.

South Africa, Egypt, Morocco, Nigeria and Kenya account for 56% of the Africa’s high-net-worth (HNW) individuals and over 90% of its billionaires. The number of millionaires is expected to jump by 42% over the next decade.