Citizenship

Why UAE has the biggest second passport market?

Why UAE has the biggest second passport market?

Dubai has emerged as the world’s most important hub for wealthy individuals and the number of millionaires projected to increase in UAE region by 14% in 2024, according to Knight Frank report. UAE needs more immigrants to meet the demand. Immigrants constitute nearly 90 percent of the UAE’s population, only 20% are locals. Weak passports severely restrict the travel freedom…

29% of UHNWI interested in second passport

29% of UHNWI interested in second passport

Interest is picking up with Ultra high-net worth investors (UHNWI) with second passports and dual nationality. Data from Knight Frank Attitudes Survey 2019 indicates that 36% of UHNWIs already hold a second passport, up from 34% last year, and 29% are considering for second passports 26% planning to emigrate permanently, up from 21%. A record 26% of global UHNWIs will…

Quebec immigrant investor program to reopen in 2020

Quebec immigrant investor program to reopen in 2020

The Quebec Government has temporarily suspended immigrant investor program (IIP) for review of the scheme.  The intake of IIP applications will not be accepted until July 1, 2020. It is widely expected the program will likely reopen in Sep 2020 once the review of the scheme is fully completed.  One other reason lead to the suspension of the scheme is…

Passports are cheaper than Golden visas

Passports are cheaper than Golden visas

Many clients who come to us asking for golden visas, after seeing the prices, realize later that passports are cheaper and affordable than golden visa schemes, plus saves them a lot of time on the long run. Remember golden visas only offer residency (no citizenship or passport), while Citizenship by investment (CBI) offer Citizenship, Passport, and Permanent residence card if…

What should you know about Diplomatic immunity

What should you know about Diplomatic immunity

Diplomatic immunity have existed since prehistoric times in foreign relations.  The origins of diplomatic immunity can also be traced as far as back to ancient civilizations of China, India, and Egypt. Roughly 4000 years ago, evidence is found in the indian epics Mahabharata and Ramayana where couriers and diplomats given immunity and safe conduct from capital punishment or killing.  Ethiopians…

Disadvantages of Citizenship by Investment

Disadvantages of Citizenship by Investment

We all know that Citizenship by investment (CBI) is becoming popular and the demand for passports is growing fast. But what are the possible disadvantages involved in CBI passport schemes. Let us take a quick look on the disadvantages with CBI schemes below.. 1. Right country Picking the right country is the most difficult decision for many clients. First they…

Natural disasters in CBI countries

Natural disasters in CBI countries

Natural disasters risks are the No.1 reason for the creation of citizenship by investment (CBI) industry. Natural disasters come in many forms earthquakes, hurricanes, volcanic eruptions, flooding etc. These events have only increased frequency over time against the backdrop of global climate change leaving small countries very vulnerable. Small states in the Caribbean and the Pacific are particularly vulnerable to natural…

Malta IIP has 33% refusal rate

Malta IIP has 33% refusal rate

Malta has refused significant number of applications failing due diligence checks under Individual Investor program (IIP). According to the latest OrIiip report, data shows IIP agency has rejected one in three applications (33%) for 2018/19 for the citizenship by investment program. Since the launch of the scheme a total of 336 applications have been rejected until mid Jun 2019. The…

(Dont wait) Vanuatu may close passport scheme in 2020

(Dont wait) Vanuatu may close passport scheme in 2020

We ask clients applying for passports under Vanuatu citizenship by investment (DSP) scheme, NOT to wait on deciding when to apply! Later it becomes too little too late No one knows how long Vanuatu will still run the DSP citizenship by investment scheme, as the Government is already conducting an internal review of the Vanuatu citizenship scheme, after EU has…