With countries imposing both coordinated and uncoordinated lockdowns upon people throughout the world, the visa investment market is more appealing and is stronger than ever. The imposed restrictions that are being placed upon people’s freedom of movement, something that most of us have long taken for granted, is further driving a desire among investors to broaden their opportunities in terms of where they and their families can reside.
|Citizenship status granted through structured investment programs are attracting a number of high net worth individuals in developing nations who are seeking to add a second passport in their investment portfolio. A second passport provides a greater mobility along with visa free travel freedom. The visa investment market has turned into a $5 billion industry annually.
St Kitts introduced the first citizenship by investment program in 1984, then Dominica joined in 1993 and it was only in 2014 many more countries joined the visa investment club in order to help attract business stemming from a market where demand is ever increasing. For more on business growth, check this post about the best check stub generator.
According to the IMF “Offering citizenship in return for investment has been a “win-win” for some small Caribbean states. The substantial inflows of funds from these programs have helped boost employment and growth. Inflows to the public sector alone in St. Kitts and Nevis had grown to nearly 25 percent of GDP as of 2013”.
Another IMF article says Citizenship by investment is a growing phenomenon – The rapid growth of private wealth, especially in emerging market economies, has led to a significant increase in affluent people interested in greater global mobility and fewer travel obstacles posed by visa restrictions, which became increasingly burdensome after the terrorist attacks of September 11, 2001. This prompted a recent proliferation of so-called citizenship-by-investment or economic citizenship programs, which allow high-net-worth people from developing or emerging economy countries to legitimately acquire passports that facilitate international travel in Europe and Schengen Area.
The reality is that a second citizenship is becoming one of the best insurance policies of the 21st century and the situations that we can see from the emergence of the COVID-19 coronavirus are testament to this.
If you would like to find out more about how a visa investment program could be of benefit to you and your family, and how we can help you to achieve your objectives, then please do not hesitate to contact us here: https://charter-life.com/contact-us-2/
We are always here to talk and we welcome any questions you may have.