A UHNW Luxury Real Estate Report indicates that
Ultra-High-Net-Worth (UHNW) individuals, generally defined as those
with assets in excess of $30 million, are increasingly relying on
global investment immigration programs to obtain a second
Among the reasons for seeking second citizenship include
relocating to a nation offering greater security and stability,
reducing personal and corporate tax liabilities, visa free travel
privileges, access to a jurisdiction providing improved standards
of living, access to skilled labour and strong education options
Immigrants can choose between two types of programs—
Immigrant investor and
Citizenship by Investment programs. The former offers
fast-track permanent residence with the option of applying for
citizenship in due course. The latter offers direct citizenship
without any waiting period.
The most preferred investment asset class is real estate, which
not just makes the applicant eligible for the second passport but
also serves as a place of residence in a foreign country and an
investment yielding attractive returns over the long run. Minimum
requirement vary from $200,000 in Dominica to $700,000 in Cyprus.
Other eligible asset classes include investment in local
enterprises, creation of jobs, renovation of properties, charitable
donations, and even contributions to cultural or artistic
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The content of this article reflects the personal insight of
Attorney Colin Singer and needs no disclaimer.
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We would like to take this opportunity to inform you of important amendments introduced to the Cypriot Citizenship by Investment program on 16 September 2016 (as published in the official Government Gazette).
Europe has long established itself as the most sought after
region in terms of high net worth immigration, accounting for over
half of the total number of global citizenship applications, with
the Caribbean in second place, followed by North America in third.
The Philippines airport authorities have off late detected a spurt in fake visas at the airport.
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