1. Presentation by Laszlo Kiss October 2014

2. 1. Gaining economic advantage 2. Travel possibilities 3. Insurance against political or economic changes 4. Tax planning 2

3. 1. Investment into economic activity (Canada, Singapore, UK, USA) 2. Investment into property (Portugal, Spain) 3. Agreement with government (Switzerland) 4. Investment into government bonds (Hungary) 3

4. Canada – CAD 800,000 in Quebec - investment into economic activity (federal program stopped) Singapore – Invest either SGD 2,500,000 into a business, or into an approved fund 4

5. United Kingdom – Tier1 Investor Program – GBP 1,000,000 into financial investments (mainly investment funds) USA – USD 500,000 or 1,000,000 investment into business creating min. 10 jobs 5

6. Portugal – Min. EUR 500,000 net into Portuguese property Spain – Min. EUR 500,000 net into Spanish property 6

7. Switzerland – forfait fiscal – amount depends on canton but based on cost of living in Switzerland 7

8. Hungary – indirect investment of EUR 250,000 into 5-year government bonds (currently the most advantageous in the Schengen area as amount the lowest, family members are included and processing time is 8 days) 8

9. 1. Property (Grenada) 2. Property or donation (Antigua, St. Kitts) 3. Donation (Austria, Dominica) 4. Bond or bank deposit + property (Cyprus) 5. Donation + bond + property (Malta) 9

10. Grenada – only 1 property investment is available currently (Mount Cinnamon Hotel) – USD 500,000 10

11. Antigua & Barbuda – copied the St. Kitts model - either a property investment of USD 400,000 or donation of USD 250,000 (family application requires higher donation) St. Kitts - either a property investment of USD 400,000 or donation of USD 250,000 (family application requires higher donation) 11

12. Austria – individually negotiated - in the region of EUR 3-10 million – „program” stopped because of political controversies Dominica – individual investor USD 100,000 (family application requires higher donation) 12

13. Cyprus - €2 million bond investment with €500,000 donation and €500,000 real estate investment or €3 million or direct investment of €5 million with a €500,000 real estate investment or 3 year deposit of €5 million in a Cypriot bank or combination of the three above with a minimum of €5 million and €500,000 real estate investment or ownership of a Cypriot company with considerable substance or conversion of lost deposits during the crisis of a minimum €3 million 13

14. Malta – EUR 650,000 donation + EUR 350,000 property purchase or renting for a minimum EUR 16,000/year + EUR 150,000 investment into governmet bonds and stocks. 14

15. Laszlo Kiss Laszlo.kiss@discusholdings.com 15

16. The information contained in this publication is for guidance only and should not be relied upon without obtaining appropriate advice having regard to the client's direct personal circumstances. No responsibility for loss occasioned directly or indirectly to any person acting or refraining from acting wholly or partially upon or as a result of the material in this publication or for any error in or omission from this publication can be accepted by the publisher or any author, editor, contributor or consultant or any company referred to herein. Prior to the acquisition of residence or citizenship clients are specifically advised to seek appropriate and timely tax and legal advice from a qualified professional. 16