S1 REIT, an investment company that is part of S1 Group, has begun selling certificates for its new S1 Poznyaki investment fund with a minimum initial investment of 1,000 UAH and the option to make additional contributions starting at 100 UAH. The total issue volume of the certificates is 250 million UAH, the company reported in a press release published on November 2, 2026.
According to the announcement, the fund will invest in 80 apartments with a total area of 2,828 thousand square meters in the 24-story S1 Poznyaki residential building, which is under construction near Lake Sribny Kil in the Darnytskyi district of Kyiv, approximately two minutes from the “Poznyaki” metro station.
The total area of the building will be 29,500 square meters. Construction is scheduled to be completed and the property commissioned by the end of 2028.
The fund’s projected annual return is 9% in U.S. dollars; however, the company emphasizes that this figure is based on the project’s financial model and does not guarantee future profits.
The investment model envisages two stages of income generation. During construction, the expected increase in property value should be reflected in the price of investment certificates, while dividend payments are not anticipated at this stage.
Once the building is commissioned and apartments begin to be rented out, rental income is expected to become the source of dividends for certificate holders.
In addition, investors will be able to gradually accumulate certificates with the option of exchanging them for completed apartments in accordance with the fund’s terms.
“You don’t have to wait until you’ve saved up enough for an entire property. You can start with 1,000 UAH and buy additional certificates when you have the opportunity. Then you can choose your own path: remain a fund investor to receive future rental income or gradually work toward owning your own apartment,” said Viktor Boichuk, Commercial Director of S1 REIT.
According to Igor Gifes, CEO of S1 REIT, the launch of the fund allows investors to invest in real estate during the construction phase and count on potential appreciation in value upon project completion.
The S1 Poznyaki building is being developed as a “Build-to-Rent” project—real estate designed to be leased out.
The project includes approximately 1,500 square meters of internal infrastructure, including a coworking space, a gym, a movie theater, a children’s playroom, recreation areas, and a fully equipped shelter. Another approximately 7,000 square meters on the ground floors is allocated for commercial spaces and service facilities.
Once the building is commissioned, S1 Property will manage the property.
The sale of investment certificates is organized through online applications on the S1 REIT website.
The company specifically highlights the risks associated with investing, particularly those related to military actions, construction timelines, and market conditions. The projected return does not guarantee the preservation of the invested capital.
S1 REIT is part of S1 Group and specializes in collective investments in income-generating real estate in Kyiv. The group also includes the developer Standard One and the property management company S1 Property.
Source: S1 REIT press release dated November 2, 2026, published by Interfax-Ukraine.
CONSTRUCTION, INVESTMENT, KYIV, REAL ESTATE, RENTAL, S1 REIT
The Norwegian government will allocate approximately $107 million (1 billion Norwegian kroner) for investments in Ukraine, which will be carried out in partnership with domestic businesses to mobilize additional private capital for the Ukrainian defense industry, according to a statement on the Norwegian government’s website on Tuesday.
It is noted that the new program is proposed to be implemented with a three-year financial framework, and the necessary funds will be allocated under the already approved Fridtjof Nansen Support Program for Ukraine. The new initiative will be managed by the state-owned investment company Investinor, which will focus on funds operating in Norway that invest in the Ukrainian defense-industrial complex.
“Ukrainian defense companies hold leading positions in a number of areas. Norwegian investments will help the Ukrainian defense sector develop even more rapidly and will also allow relevant Norwegian players to participate more closely in the sector’s development,” the publication quotes Norwegian Minister of Industry and Trade Cecilie Mirseth as saying.
For his part, Norwegian Minister of Finance Jens Stoltenberg emphasized that a partnership between public and private capital will provide Ukraine with the necessary resources for defense.
Norwegian Minister of Defense Tore O. Sandvik stressed that the development of Ukraine’s defense industry will strengthen deterrence even after a ceasefire is achieved, and that expanding cooperation between the defense sectors of the two countries is in the interests of European and Norwegian security.
Foreign Minister Espen Bart Eide added that Norway will continue to support Ukraine through the “Nansen” program to counter Russian aggression and rebuild the country.
As previously reported, in August, Ukraine and Norway signed a cooperation agreement on unmanned aerial vehicles, aimed at strengthening collaboration between the two countries’ defense sectors and opening new opportunities for the joint production of defense technologies. In addition, Norway will maintain its support for
for Ukraine under the “Nansen” program at a level of approximately $9 billion.
Vietnam plans to introduce a special visa for highly qualified foreign specialists (the Vietnam Talent Visa), which will provide for a simplified process for obtaining residence permits, exemption from the requirement to obtain a work permit, and preferential conditions for family members. At the same time, it is proposed to exempt specialists involved in strategic projects from paying personal income tax for five years.
The Ministry of Public Security released the corresponding draft resolution of the National Assembly of Vietnam on October 16, 2026, for public comment.
The legislative initiative consists of 16 articles and aims to attract foreign experts, scientists, researchers, technology entrepreneurs, and other highly qualified specialists to implement strategic state programs, investment projects, and the development of an innovative economy.
The document applies not only to foreigners but also to Vietnamese citizens and members of the Vietnamese diaspora living abroad.
What benefits does the talent visa offer?
According to the draft, foreign specialists who meet the established criteria will be able to obtain a special visa and a corresponding temporary residence card.
Provisions are made for extending the duration of stay and changing the purpose of residence in accordance with immigration law.
Visa holders will be permitted to work simultaneously at multiple companies, research institutions, or government organizations without having to obtain a separate work permit for each employer.
When changing jobs, foreign specialists will not need to reapply for their current visa.
These simplifications will also apply to family members. Spouses and children under the age of 18 will be able to obtain UĐ2 visas and the corresponding temporary residence permits.
In addition, the state must ensure favorable conditions for the residence and education of the children of foreign specialists.
Five-Year Tax Holiday
One of the key provisions of the legislative initiative is a five-year exemption from personal income tax.
The exemption will apply to the salaries and bonuses of qualified specialists and the employees they recruit who perform strategic tasks.
It is proposed that the five-year period be calculated from the date the relevant income is earned.
At the same time, tax incentives will be available not only to specialists working in government agencies but also to employees of private companies involved in the implementation of strategic projects.
Separate incentives are provided for employers. Companies that hire qualified specialists to carry out strategic tasks will be able to additionally include in their tax-deductible expenses an amount equivalent to 50% of the salaries and bonuses actually paid to such employees.
Thus, the total amount of labor costs that can be taken into account when determining taxable income will potentially amount to 150% of actual payments.
Vietnam plans to allocate approximately 0.1% of GDP annually to talent development
The government also proposes establishing a special funding mechanism for programs aimed at attracting and developing highly qualified personnel.
It is planned to allocate approximately 0.1% of GDP annually for these purposes as part of the overall funding for science, technology, innovation, and digital transformation.
Priority will be given to projects of strategic importance to the country’s economy, particularly in the fields of high technology, scientific research, digitalization, and the modernization of production.
At the same time, the proposed selection system calls for an assessment of actual professional achievements and specialists’ ability to perform specific tasks.
Possession of a scientific degree, an academic title, or extensive professional experience will not be a mandatory requirement, except in cases where such requirements are explicitly stipulated by law for a specific type of activity.
According to the drafters, this will make it possible to attract not only renowned scientists but also young technology entrepreneurs, engineers, and developers of innovative products.
What the New Rules Will Mean for Foreign Investors
The proposed changes could increase Vietnam’s appeal to international technology companies, research and development centers, and enterprises implementing high-value-added investment projects.
Simplifying the hiring process for foreign experts and allowing them to work with multiple organizations simultaneously could reduce administrative costs for businesses and facilitate technology transfer.
At the same time, the proposed program is not a universal visa for digital nomads or an automatic pathway to obtaining a residence permit through real estate purchases.
Its main goal is to attract specialists to specific strategic programs and projects identified in accordance with national priorities.
The resolution has not yet been adopted. Once the public consultation period concludes, the document is to be reviewed by the National Assembly of Vietnam. The final selection criteria, application procedures, and validity periods for special visas will depend on the approved legislation.
Vietnam is one of the Southeast Asian economies actively attracting foreign investment in manufacturing, electronics, digital technologies, and infrastructure. In recent years, the country has been developing special support mechanisms for investors and highly qualified professionals with the aim of modernizing the economy and enhancing its international competitiveness.
Barbados is preparing to launch a new program to attract foreign investors, which will grant permanent residency for investments of 5 million Barbadian dollars (approximately $2.5 million USD) in government-approved projects. In the future, investors will be able to apply for citizenship through a simplified procedure that requires actual residence in the country for at least 360 days over a specified period.
The new system is intended to serve as an alternative to traditional Caribbean citizenship-by-investment programs, which are under pressure from the European Union due to security risks associated with the visa-free regime.
The bill provides for two main mechanisms for obtaining permanent resident status.
The first will allow a foreign national to apply for permanent residency after investing at least 5 million Barbadian dollars in a national development project officially approved by the government.
At a fixed exchange rate of 2 Barbadian dollars to 1 U.S. dollar, the minimum amount is approximately $2.5 million.
During a parliamentary debate on October 27, Barbados’ Minister of Home Affairs, Gregory Nicolls, cited water supply and wastewater treatment, healthcare, education, housing, renewable energy, infrastructure, technology, agriculture, and tourism as priority areas.
At the same time, investments must be directed toward projects that are of public interest and meet the criteria set by the government.
The second mechanism involves the use of a points-based system.
This will allow for the consideration of smaller investments—specifically, those starting at 1 million Barbadian dollars, or approximately $500,000—in designated development projects.
Points will be awarded based on the investment amount, the applicant’s age, family ties to Barbados, and other criteria.
Each point will correspond to six months of the required residency period, thereby shortening the standard five-year period needed to obtain permanent residency.
At the same time, investors will be required to meet physical presence requirements. To qualify for the points-based system, applicants must have resided in the country for at least 180 days over the preceding three years.
A separate citizenship bill proposes reducing the requirements for the duration of physical presence in the country.
Foreign nationals who are not citizens of the Caribbean Community (CARICOM) and have obtained permanent residency will be able to apply for citizenship after a cumulative stay in Barbados of 360 days within a statutory period of at least 1,460 days.
More lenient conditions apply to citizens of CARICOM member states: 270 days of residence within a period of at least 1,095 days.
The provisions also allow for the inclusion of the applicant’s spouse and dependents.
However, meeting the investment and residency requirements does not guarantee automatic granting of citizenship.
The Ministry of the Interior may deny an application on grounds of national security, public policy, the existence of criminal offenses specified by law, or insufficient means of support.
Minister of the Interior Gregory Nicolls emphasized that the government is not introducing a traditional Citizenship by Investment program.
The key difference is that investments will grant the right to apply for permanent residency, while obtaining citizenship will require a separate procedure and fulfillment of residency requirements.
Barbados has never had a classic program for the direct sale of citizenship, similar to the schemes in place in several other Caribbean countries.
The new rules could make the country more attractive to wealthy foreigners considering a move to the Caribbean region and investing in real estate, infrastructure, and tourism projects.
One notable change will be the ability to count time spent in the country under the Welcome Stamp program—designed for foreign remote workers—toward the legal residency period required to apply for permanent residency.
Barbados’s reform comes amid stricter European Union requirements for countries that grant citizenship in exchange for investment.
Antigua and Barbuda, Dominica, Grenada, St. Kitts and Nevis, and St. Lucia have come under pressure from Brussels.
The European Commission is demanding that these countries phase out their investment citizenship programs by June 1, 2028, warning that the visa-free regime with the EU could be suspended.
The main concern of European authorities is that third-country nationals can obtain Caribbean passports without actually residing in those countries and enjoy visa-free access to the Schengen Area.
According to the European Commission, this creates risks of inadequate vetting of applicants, money laundering, and circumvention of immigration restrictions.
According to a Reuters report dated October 29, 2026, the government of Antigua and Barbuda is considering a phased closure of its program. At the same time, the country is seeking additional time and financial support from the EU to compensate for budget losses.
For some Caribbean nations, revenue from investment citizenship programs accounts for a significant portion of government revenue and funding for construction projects.
Against this backdrop, Barbados is proposing a model in which foreign capital is attracted through investments in economic development, while citizenship remains the result of a separate naturalization process.
In addition to investment needs, the Barbadian government seeks to address demographic challenges related to an aging population and a declining birth rate.
According to data previously cited by the country’s Prime Minister Mia Mottley, 3,642 children were born in Barbados in 2000, while the number of deaths stood at 2,444.
By 2024, the situation had changed: the number of births had fallen to 1,995, while deaths had risen to 3,088.
The government views attracting foreign investors and specialists as one of the tools for supporting economic development, the labor market, and population growth.
For investors, a Barbadian passport remains an additional factor of attractiveness, as it provides visa-free access or the ability to obtain a visa upon arrival to approximately 162 countries and territories, including the Schengen Area.
At the same time, investment residency alone will not provide such opportunities. They will only become available after obtaining citizenship.
As of November 3, 2026, both bills are under consideration by the Barbados Senate.
Once the parliamentary process is complete, the bills will require final approval and official enactment.
In addition, the government will need to define the list of eligible investment projects, administrative fees, the application review process, investment retention periods, and other practical requirements.
Minister of Home Affairs Gregory Nichols previously expressed hope that the new legislation would be finalized by November 30, 2026, when Barbados will celebrate the 60th anniversary of its independence.
Barbados is an island nation in the Caribbean with a population of approximately 280,000. The main sectors of the economy are tourism, international financial services, trade, and construction. The country gained independence from the United Kingdom in 1966 and became a parliamentary republic in 2021.
CITIZENSHIP, INVESTMENT, MIGRATION, REAL ESTATE, RESIDENCY, Барбадос
The Italian government has proposed introducing, effective January 1, 2027, a tax on unrealized capital gains on financial assets for high-net-worth individuals who transfer their tax residency outside the country. The rate of the so-called “exit tax” will be 26%, and the new rules will apply to investors with relevant assets valued at EUR800,000 or more.
The relevant provisions are contained in Article 17 of the draft law on Italy’s 2027 state budget, approved by the government of Prime Minister Giorgia Meloni. The document received the necessary approval from Italian President Sergio Mattarella on October 30 and was submitted to Parliament for consideration.
According to the bill, the new tax will apply to individuals who have been residents of Italy for at least six of the last ten tax years and have decided to transfer their tax residency to another country.
A mandatory condition is the possession of financial assets and property rights subject to the relevant provision, with a total value of at least EUR800,000. However, taxation will apply only in cases where, following the change in residency, Italy loses the right to tax the corresponding investment income.
The tax will be levied not on the total value of the assets, but on the accumulated gains that the investor has not yet received from their sale.
Specifically, this refers to the increase in the market value of shares, equity interests in companies, securities, and other financial instruments. To determine the tax base, the positive difference between the market value of the assets and their tax basis at acquisition will be taken into account.
For example, if an investor purchased a portfolio of securities for EUR 700,000, and at the time the tax base is determined, its value has risen to EUR 1 million, the unrealized gain will amount to EUR 300,000. At the standard rate of 26%, the tax amount will reach EUR 78,000, even if the investor has not actually sold the assets.
At the same time, a preferential regime applies to income from certain government bonds. Only 48.08% of the corresponding profit will be included in the tax base, resulting in an effective rate of approximately 12.5%.
The standard deadline for paying the exit tax is 180 days from the date the change in tax residency takes effect.
However, for individuals relocating to European Union countries or to countries with which Italy has relevant tax cooperation agreements, a payment deferral is available.
To qualify, the investor must pay an advance equal to 50% of the calculated tax and provide a financial guarantee.
When moving to another EU country, the deferral may apply for up to five tax periods, and for other countries that meet the established conditions, up to ten.
If the assets are not sold during this time, the tax liability will be extinguished, and any overpaid amounts will be refunded. Similar provisions apply in specific cases of inheritance of assets or an investor’s return to Italy.
The new system will also apply to certain types of nonprofit associations and organizations that transfer their tax residency abroad.
According to estimates by the Italian Ministry of Economy and Finance, revenue from the new tax will amount to approximately EUR3.37 million in 2027 and EUR6.74 million annually from 2028 to 2031. Starting in 2032, the net budgetary impact, taking into account the expected refund of a portion of the payments, is estimated at EUR 3.37 million per year.
Italy is effectively proposing to extend to private investors the tax mechanism applicable upon a change in tax residency, which previously applied to companies and entrepreneurs.
A similar mechanism is already in place in France, where taxation of unrealized gains upon a change in tax residency applies provided that the relevant financial assets exist and the conditions established by law are met.
The proposed changes may be significant for international investors, owners of corporate assets, and high-net-worth foreigners who use Italy as a country of long-term tax residency.
In recent years, Italy has attracted high-net-worth foreigners through a special fixed-tax regime for foreign income. For new participants in this regime, starting in 2026, the annual payment will be EUR 300,000 instead of the previous EUR 200,000.
The introduction of the exit tax may affect the tax planning of such investors, especially if they are considering relocating to another country in the future. At the same time, the procedure for applying the new provisions to participants in the special tax regime requires further legal clarification.
However, the proposed mechanism is not a general tax on departure from Italy and does not provide for the automatic levying of 26% on the value of residential real estate or an individual’s total assets.
The bill must be reviewed and approved by the Italian Parliament by the end of 2026. During the legislative process, the tax rate, the conditions for its application, and the procedure for granting deferrals may be amended.
Italy remains one of Europe’s largest real estate markets and a popular destination for international investors, particularly those considering purchasing a home in conjunction with transferring their tax residency. The proposed changes may become an additional factor in choosing a country of residence and in long-term investment planning.
Sources: Italy’s 2027–2029 Budget Bill, Article 17, approved by the government on October 28, 2026; President of Italy, official approval of the bill’s submission on October 30, 2026; Investment Migration Insider, October 31, 2026.
Starting November 20, 2026, the international short-term rental platform Airbnb will introduce new rules for property owners that restrict their ability to require guests to perform household chores before checkout. Specifically, hosts will no longer be able to require guests to wash bed linens, wash dishes, or take out the trash.
According to an official statement from Airbnb, the new requirements will apply to all reservations made on or after November 20.
Under the platform’s updated policy, apartment and house owners must not assign to guests tasks typically performed by professional cleaners. Specifically, this includes removing bed linens from beds, running the washing machine, washing and putting away dishes, and taking trash outside the property.
At the same time, hosts will be able to set reasonable household requirements. For example, hosts are allowed to ask guests to leave used dishes in the sink, stack towels in one place, sort trash into designated bins inside the property, or turn off the air conditioner before checkout.
One of the key changes will be increased transparency regarding rental terms. All house rules must be listed in the listing before a reservation is made. Once a reservation is confirmed, hosts will not be allowed to impose additional requirements via messages, verbal agreements, or informational signs in the apartment.
Airbnb also prohibits hosts from imposing fines on guests on their own and from charging extra for the use of amenities that are already included in the property description. All mandatory fees for listed services must be included in the booking price.
In addition, the new policy restricts the ability to require guests to sign separate rental agreements or provide personal documents. Exceptions are made for cases required by law, long-term rentals of one month or longer, Airbnb Luxe listings, and certain additional services.
The company announced that hosts will be able to use seven standard categories of stay policies. These will cover the maximum number of guests, noise restrictions, hosting events, pets, smoking, commercial photography and videography, and the requirement to lock the property when guests are away.
Airbnb has established a phased system of restrictions for violations of the new requirements. Initially, hosts will be asked to adjust their rental terms and may receive a warning. If violations persist, a corresponding notice may appear in the listing for potential guests, and the property itself may drop in the platform’s search rankings. In more serious cases, other sanctions may be imposed in accordance with the terms of service.
At the same time, Airbnb allows for individual exceptions based on local circumstances. For example, in regions with water shortages, hosts may ask guests to limit their water usage, and in areas inhabited by wildlife, guests may be asked to dispose of trash in specially designated containers.
Airbnb is an American international online platform for short-term housing rentals, founded in 2008. The service connects owners of apartments, houses, and other accommodations with tourists and travelers around the world.
AIRBNB, housing rentals, INVESTMENT, REAL ESTATE, short-term rentals, TOURISM
