Industry Insights

As citizenship becomes more flexible, dual citizenship has become the norm. Citizenship can be thought of as ‘compensatory’ when it is used to complement the primary, resident citizenship rather than replace it. Many states now extend citizenship to populations that live outside their territories but are nonetheless desirable for other reasons.

Residence- and citizenship-by-investment programs contribute to country competitiveness and the development of local talent by improving the quality of business leadership available.

One of the investment migration industry’s most positive attributes is its ability to endow nations with a considerable source of sustainable revenue without them having to increase debt and thereby burden future generations.

Many destinations with residence- and citizenship-by-investment programs offer high-quality infrastructure from which wealthy individuals can ‘pick-and-choose’. As a result, billionaires are increasingly global, with their family members often spread around the globe.

In the past, alternative residence or citizenship may have been ‘nice-to-have’ assets of convenience. However, Covid-19 has prompted a shift. Now they are ‘must-have’ essential assets.

With a growing range of migration paths available, including residence- and citizenship-by-investment (RCBI) programs, it is interesting to consider where millionaires choose to migrate to and from, and why.

The global pandemic has led to a greater yearning for international mobility as people seek to move from inefficient and weak states to those that are better governed, healthcare-oriented, and more resilient.

Caribbean island nations have been particularly innovative in response to the global pandemic — the new offerings below were all introduced in 2020.

Investment Migration: Residence- and Citizenship-by-Investment Move into the Mainstream