Author page: Prabhu Balakrishnan

Why Indians are Abandoning Citizenship in Record Numbers?

Why Indians are Abandoning Citizenship in Record Numbers?

India is a country that has changed more rapidly than most others. Its realities are changing even as the broader international situation changes and evolves. The trend in more indians renouncing indian citizenship for foreign citizenship has ballooned recently. According to Ministry of External Affairs (MEA) report, Over 1.6 lakh Indians renounced their citizenship in 2021, highest in the past…

Read more

How many Trillionaires are there?

How many Trillionaires are there?

You may have heard millions and billions quite often. Have you ever thought about trillions? Becoming a trillionaire is no easy job. Having this much money is equivalent to unbelievable amount of wealth. A trillion is such a huge number, followed by twelve zeros. That is one thousand times a billion (nine zeros followed by 1). Do you know that…

Read more

St Lucia modernizes citizenship by investment scheme

St Lucia modernizes citizenship by investment scheme

Citizenship via investment allows a person to acquire citizenship of a country, by making an investment in the country (Saint Lucia). Generally, this investment is referred to as a ‘qualifying investment option.’  This investment ultimately impacts the economic development of the island. Otherwise, Saint Lucia allows a person to acquire citizenship by birth, through naturalization or marriage. St Lucia has…

Read more

The Cambodia Golden Visa

The Cambodia Golden Visa

The Government of Cambodia has launched a new golden visa program to attract foreign investors. The Golden visa program known as “My 2nd Home” offers a direct and only path to cambodian passport after 5 years.  With the launch of this visa program, Cambodia now competes with Thailand and Malaysia to attract more foreigners which wish to make the country…

Read more

Report on Ireland immigrant investor scheme (2022)

Report on Ireland immigrant investor scheme (2022)

The Immigrant Investor Programme (IIP) also known as ‘Golden visa’ was introduced in April 2012 to encourage inward investment and create business and employment opportunities in Ireland. The programme provides investors with the opportunity to invest in Ireland. Key to the programme is that the investments are beneficial for Ireland, generate or sustain employment and are generally in the public…

Read more

Antigua CIP Due Diligence Process (Four Tier)

Antigua CIP Due Diligence Process (Four Tier)

The Caribbean CBI Programs mandate ascertaining the applicant’s general good character and absence of a criminal record, and determining the source of funds are however more complex matters requiring more thorough investigations before being granted citizenship for investors and their family members. CBI units go through a number of vetting stages to determine the suitability of applicants. The Compliance Department…

Read more

What are Golden Citizenship Programs?

What are Golden Citizenship Programs?

As the coronavirus threatened to overwhelm health services before vaccines became available, wealthy individuals from developed democracies also looked for an escape route.  A second passport became an ever-more-desirable commodity, for those who could afford it. While not a new phenomenon—several countries have adopted “golden citizenship” programs over the years—the onset of the pandemic generated renewed interest. The Covid pandemic,…

Read more