The coronavirus pandemic has brought home the vulnerability of people and countries around the world and caused a high level of political and economic instability. As a backup plan, wealthy investors are choosing citizenship by investment programs.
There are many reasons why people opt for dual citizenship. Apart from providing great business and lifestyle opportunities, a second passport can also sure up the future for individuals and their families. Wars, economic collapse, the lack of personal and political freedoms, and political uncertainties have a significant impact on the quality of life.
Obtaining citizenship in a country where people enjoy freedom, as well as political and economic stability, is one way of securing one’s future. However, the choice of country is key. European countries have proven very popular as have the Caribbean CBIs and the US Green Card.
Investment is necessary, but the advantages are multifold. With a second passport, individuals have the option to take refuge in another jurisdiction and live a life in a conflict-free and economically sound country. They can carry on doing business, educate their children, and enjoy the freedom and tranquillity they do not have in their home country.
Numerous countries with strong economies, societies at peace, and a host of rights and freedoms offer citizenship by investment. The Caribbean CBIs are among the most popular because of relatively low investment requirements and fast processing times.
When weighing up the advantages and disadvantages of citizenship by investment, seeing it as a road to a secure future for individuals and their families makes it a must-consider choice.