June 2025 Monthly Digest: Trump Visa Surge, Portugal Timeline Shift & Tax Policy Shake-Ups
The global investment migration landscape continues to move at breakneck speed, driven by new visa schemes, bold tax reforms, and major program overhauls. In this month’s digest, we spotlight five key developments that are reshaping Citizenship by Investment (CBI) and Residency by Investment (RBI) programs worldwide.
1. Nearly 69,000 Register Interest in Trump Visa Card
Following its unofficial announcement earlier this year, the Trump Visa Card has reportedly attracted nearly 69,000 registrations of interest. Positioned as an exclusive U.S. residency and eventual citizenship pathway, the card seeks to capture high-net-worth individuals eager to enter or expand in the U.S. market.
The high volume of interest reflects a growing demand for alternative entry routes into the United States, especially among investors seeking greater global diversification and a secure foothold in North America. However, with little official information available on legal structures, eligibility, and timelines, this remains a speculative option rather than a concrete pathway at this stage.
Investor Insight: While the buzz is strong, investors should exercise caution and focus on established U.S. investor visas (such as EB-5) until there is formal legal clarity. Relying on unverified schemes can carry significant financial and reputational risks.
2. Oman Introduces GCC’s First Personal Income Tax
In a historic policy shift, Oman announced the introduction of the Gulf Cooperation Council’s (GCC) first-ever Personal Income Tax (PIT). Aimed primarily at high earners, this move signifies a major pivot away from the traditionally tax-free Gulf model.
This landmark reform is part of Oman’s broader economic diversification strategy, designed to reduce dependence on oil revenues and build a more sustainable fiscal framework. While details on rates and implementation timelines are still emerging, the policy is already prompting expatriates and global investors to reassess their Middle Eastern tax strategies.
Investor Insight: Investors and expats currently based in Oman, or considering Gulf-based residency, should review their tax planning strategies immediately. The introduction of PIT may prompt some to consider alternative jurisdictions in the region, such as the UAE, which remains tax-free.
3. Reform UK Proposes £250,000 Britannia Card for Wealthy Migrants
The UK’s Reform Party has proposed a “Britannia Card”, a new residency route for affluent investors willing to contribute at least £250,000. The proposal aims to stimulate economic growth and attract new capital following Brexit-related policy shifts and the end of the non-dom regime.
If implemented, this initiative could help the UK regain its competitive edge in attracting high-net-worth individuals, especially after recent tax reforms caused a noticeable wealth flight. It may also offer an appealing alternative for investors who prefer a lower investment threshold compared to previous UK investor visa requirements.
Investor Insight: Investors eyeing the UK as a base for business or family should watch this proposal closely. If approved, it may offer a more accessible and strategic entry point into the UK market compared to past visa options.
4. Portugal Plans to Double Citizenship Timeline
The Portuguese government has announced plans to extend the citizenship eligibility timeline from 5 to 10 years, a significant departure from one of Europe’s most popular Golden Visa frameworks. The proposal, designed to tighten immigration controls and reduce rapid naturalization, is expected to reshape demand significantly.
Industry analysts expect that this move could dampen interest from investors primarily seeking a quick path to an EU passport. However, Portugal’s lifestyle benefits, strong rental market, and stable economic environment may continue to attract those prioritizing long-term European residency over fast-track citizenship.
Investor Insight: Investors considering Portugal should act swiftly to lock in the current 5-year timeline. Those focused on citizenship timelines might also explore alternative EU residency options, or stable CBI programs in the Caribbean offering faster routes.
5. Thailand Eliminates Crypto Capital Gains Tax Through 2029
In a bold move to strengthen its standing as a digital asset hub, Thailand has abolished capital gains tax on crypto profits until 2029. This policy aims to attract crypto investors and blockchain companies, positioning Thailand as an emerging leader in the digital economy across Asia.
The tax exemption is part of a broader set of incentives to encourage innovation, enhance competitiveness, and solidify Thailand’s reputation as a forward-looking financial center. For investors, this represents a unique window to benefit from a supportive regulatory environment, combined with Thailand’s well-known lifestyle advantages.
Investor Insight: Crypto investors looking to establish residency in Asia may now view Thailand as an ideal base. Combining tax advantages with a favorable living environment makes it a compelling option for those building digital wealth.
Conclusion: Navigating New Opportunities and Challenges
June 2025 has underlined the global push and pull between welcoming investment and tightening controls. As governments compete to attract high-value residents while balancing domestic pressures, the investment migration ecosystem grows ever more complex.
At DMC Global, we help you navigate these shifts with up-to-date insights and tailored guidance, empowering you to secure the best options for your wealth and legacy.
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