As google co-founder Larry Page acquires New Zealand residency, we find out why increasing numbers of billionaires are investing in the country and what residency and citizenship options the country offers to ultra high net worth individuals.
Widely considered the pioneer and one of the world’s foremost experts in investment migration, Henley & Partners Chairman Dr. Christian H. Kaelin says the significant worldwide expansion of investment migration is simply unstoppable.
Speaking at The World Ahead Gala Dinner hosted by The Economist in Athens in July, Dr. Kaelin stated that all over the world countries have realised the importance of residence and citizenship to attract much-needed foreign direct investment, debt-free capital, talented entrepreneurs, and experienced investors.
Further accelerated by the need to alleviate the financial distress following the Covid-19 pandemic across the world, Dr. Kaelin pointed out that more and more countries are offering investment migration programmes or introducing new options, like digital nomad visas or tech visa, in order to attract highly sought-after talent and capital to support their economies and strengthen their ‘sovereign equity’.
This year, Singapore announced the launch a Tech.Pass visa programme offering tech entrepreneurs from across the world the chance to set up and operate companies in the southeast Asia trading hub. While the UAE, which has a high expatriate population, recently announced it was enhancing its Golden Visa program to grant citizenship to select individuals, such as "investors, doctors, specialists, inventors, scientists, talents, intellectuals, artists and their families”.
Dr. Kaelin coined the term ‘sovereign equity’ in 2019 in Davos to describe how investment migration has the ability to endow nations with sustainable investments in a relatively short time frame without them having to increase debt and thereby burden future generations – while gaining highly qualified and experienced entrepreneurs and investors as new residents or even citizens.
Dr. Kaelin stressed that, particularly in Europe, there is also a pressing need to introduce much more positive migration policies to manage the global refugee crisis constructively while also attracting international investors and talent. He acknowledged that although politically challenging, it also presents a tremendous opportunity for the EU.
“We need more, not less immigration of people who contribute positively to society,” he told the audience.
There are just six months left for families to take advantage of the limited time offer for families under Saint Kitts citizenship by programme, which allows families of four citizenship for a reduced fee of US$150,000.
Whether you’re looking to second citizenship as an insurance policy for your family, a route to global mobility or an escape to permanent residency, the South Pacific island of Vanuatu could be the right second passport choice.
The Residences at Secret Bay, one of Dominica's award-winning Citizenship by Investment resorts, recently recorded its highest-ever sale in the country with a Secret Bay's clifftop villa selling for US$7.1 million.
Following unprecedented demand, Saint Kitts & Nevis' citizenship by programme has extended its popular limited time offer allowing families of four citizenship for a reduced fee of US$150,000.
Dominica’s world-leading Citizenship by Investment programme is set to up its global mobility ante with 28-35 more countries expected to be added to its passport by year-end making a second passport from this Caribbean island a very attractive proposition.
Located on one of the world’s best beaches, five-star luxury resort Kimpton Kawana Bay on the Caribbean island of Grenada offers citizenship investors the chance to not only secure Grenada’s powerful passport, but also hassle-free ownership of a title deeded studio or suite with the potential for a very attractive return on investment.
The Residences at Secret Bay, a luxury resort in Dominica approved as a property investment by the country's world-leading Citizenship by Investment programme, has reported that 27% of its CBI contracts in 2020 came from African nationals. Industry experts forecast the number to rise to 35% in 2021 as Nigeria, the continent's fastest-growing market, continues to seek second citizenship.
With the support of its world-leading Citizenship by Investment programme, the Caribbean island of Dominica is working on becoming the world's first climate-resilient nation.