Launched on June 10 with a news story titled 'Chinese citizens turn to CBI for Plan B', the CBI Guide has just passed the significant milestone of 1 million page views.
As international travel resumes following the pandemic, but with Covid restrictions still in place, a new global mobility hierarchy has emerged, according to the just-released Passport Index 2020 Q4 edition. While some of the world's most powerful passports like the US have lost their shine, others have gained global mobility ground.
Ranked as the fourth happiest country in the world, remote South Pacific island Vanuatu combines high levels of wellbeing with a low carbon footprint and a culture of inclusion, and it’s one of the last places on Earth with no confirmed Covid cases. And for just US$130,000, foreigners can become citizens in just 45 days. So why wouldn't you?
Driven by the rapidly increased demand in the Middle East region for citizenship by investment due to the pandemic, leading Dubai-based CBI advisory group RIF Trust has unveiled the CART Programme, which is aimed at empowering its partners to succeed.
With a lucrative Citizenship by Investment programme under its Asia Pacific belt, the island nation of Vanuatu has put in place plans to become the first-ever CBI programme to allow stateless individuals to apply for citizenship, with accredited agent VanLS obtaining a three-year exclusive licence to handle the applications.
Increased demand for economic citizenship of Vanuatu has given the cyclone-battered south pacific island a massive financial boost, achieving a record US$33.3 million surplus in the first half of 2020 and marking a 32% year-on-year increase in citizenship-related revenues, exceeding, by August, its annual projection.
When it comes to securing economic citizenship, high-net-worth individuals are looking increasingly for Citizenship by Investment programmes that allow them to include their families, both immediate and extended. And the CBI Programmes are responding, with many adjusting their dependent criteria to cater to client demand. So which CBI countries are family friendliest?
If well executed, a Citizenship by Investment Programme (CIP) can, and does, bring countries much-needed investment to help boost economic growth, create jobs and fund development. And with the negative effects of the pandemic taking hold, such programmes could become even more of an economic lifeline.
According to the Vanuatu National Citizenship Commission (VNCC), nearly US$53 million in revenue was made in 2020, thanks to the pacific island’s highly successful Citizenship by Investment programme.
Following the financial success that Vanuatu’s CBI programme has brought the island nation, could its South Pacific sister, the Solomon Islands, be on the verge of launching its own programme?