When it comes to freedom of movement, the just-released Henley Passport Index Q1 2021 reveals that while Asia Pacific passports deliver the greatest global mobility, the countries offering citizenship by investment programmes continue to maintain and even increase their freedom of movement footprint with four CBI countries ranked in the top 10 most powerful passports.
Investing in property at one of the Mediterranean’s most sophisticated and buzzing marinas, Porto Montenegro, will not only provide you with an attractive ROI due to the Balkan country’s burgeoning tourism, but with it, Montenegrin citizenship and passport of a country that is set to join the EU by 2025.
Thanks to the ongoing pandemic and the upcoming Brexit situation, which from 1st January 2021 will limit British citizens' travel to the European Union, there has been a surge in British citizens enquiring about citizenship by investment in order to guarantee open and easier travel mobility within the EU.
Earlier this year, Malta’s citizenship by investment programme, the Malta Individual Investor Programme (MIIP) came to an end after six years. Despite the programme’s tough stance on due diligence (Malta outranks most other CIPs for its stringent vetting procedures), the Maltese Government decided to scrap the MIIP prematurely and replace it with a new programme which was launched last month.
In order to attract more foreign investment, the Italian government has implemented changes to its residency by investment (RBI) programme to make it both more attractive and competitive, including slashing some of its minimum investment thresholds by half, and opening it up to third-world country nationals.
South African citizens have the opportunity to invest in the five-star Rebello hotel in Portugal’s second city, Porto, as part of its popular residency by investment programme. For an investment of €350,000, investors can expect to receive 3% returns and a residency permit with citizenship and a Portuguese passport after five years.
Tapping into the increased appreciation for nature following the digital restrictiveness of the pandemic, the tiny Balkan country of Montenegro, which allows foreigners to invest in property via its citizenship by investment programme, unveils a new global campaign showcasing its natural beauty, from dense green forests and wild mountain rivers, to powdery ski slopes and 117 beaches.
From 2021, Portugal’s popular residency by investment programme, which offers an affordable route to Portuguese citizenship and EU membership and which has seen a record number of applications in 2020, will change its conditions, allowing applicants to invest in real estate only outside of Porto, Lisbon and the popular Algarve region.
Last month, in response to the unfortunate and complicated situation in Hong Kong, Bulgaria’s Immigrant Investor Programme (BGIIP) unit announced that it is offering complementary real estate to Hong Kong citizens who wish to acquire Bulgarian economic citizenship.
With the UK set to leave the EU on December 31, and with no deal looking likely, citizenship firms have witnessed a spike in British HNWIs looking to obtain second passports or residency permits via economic residency or citizenship in order to secure easier access to the EU come 2021, with Malta, Portugal and even the Caribbean in demand.