High Net Worth Individuals

Golden Visas: From €100K in Malta to $800K in the US – What does it cost to buy residency or citizenship abroad

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Golden Visas: From €100K in Malta to 0K in the US – What does it cost to buy residency or citizenship abroad

Investing in property abroad is gaining traction among Indian High Net Worth Individuals (HNWIs). Beyond diversifying their portfolios, such investments often open doors to residency or even citizenship in foreign countries. Binu Varghese, India Head at RIF Trust which specialises in Residency and Citizenship by investment programs, sheds light on the most sought-after international markets … Read more

Hyundai Motor IPO’s off to a slow start

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Hyundai Motor IPO’s off to a slow start

Mumbai: Hyundai Motor India‘s ₹27,870 crore initial public offering (IPO) – India’s largest-ever – was subscribed 0.18 times on Tuesday, the opening day of the public issue. The non-institutional investor (NII) portion, primarily high-net-worth individuals, was subscribed 0.13 times, while the retail investor portion saw a subscription of 0.26 times. The portion reserved for the … Read more

IT Returns 2024: New Income Tax rules introduced in 2023 that would affect you in 2024

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IT Returns 2024: New Income Tax rules introduced in 2023 that would affect you in 2024

New Tax rules 2023: The Government of India announced several new rules for the Income Tax in the Union Budget 2023. One of the significant announcements regarding personal taxation was the declaration of the New Income Tax Regime as the default tax regime. In her Budget speech for 2023-24, Union Finance Minister Nirmala Sitharaman said budget … Read more