Immigrant Investor Programs (IIPs) and Citizenship By Investment Programs (CIPs) are becoming an increasingly popular tool for the world’s ultra-wealthy seeking Residency or Citizenship by Investment programs. There are many reasons why an UHNWI might seek a second citizenship including greater stability and security, tax efficiency, ease of travel, a higher standard of living, increased options for kids’ education and potential investment opportunities that may otherwise not be available.
There is a growing trend in the Ultra High Net Worth Individuals (UHNWI) applying for a second residence or citizenship. This trend has gained more prominence with such famous character as Gerard Depardieu moving from France to Russia in the early 2013 and Tina Turner giving up her US citizenship to become Swiss in November 2013.
The need for Immigrant Investor Programs (IIPs) and Citizenship By Investment Programs (CIPs) – Global citizenship is becoming an increasingly popular tool for the world’s ultra-wealthy. There are many reasons why an UHNWI might seek a second citizenship including greater stability and security, tax efficiency, ease of travel, a higher standard of living, increased options for kids’ education and potential investment opportunities that may otherwise not be available.
The global UHNW population is currently at record highs, with nearly 200,000 individuals collectively worth $US 28 Trillion. Over the next ten years we expect the number of UHNWI seeking a second citizenship to increase at an even faster rate .
It is estimated that the billionaire population is going to grow nearly 80% by the year 2020 an increase to 1,700 Billionaires. The life styles led by such people are one that requires ease of travel, second and third residences and the need to have a global tax and inheritance planning to safeguard their assets for the next generation. Many accountants, bankers and wealth managers will relay on a second citizenship or a second Immigrant investor program as part and parcel of the offer to assist with their wealth management strategy.
We look forward to a discussion and to elaborate further on how we can plan to achieve your goals and succession planning for the present and future generations.
Please Contact Us for more information on our Citizenship by Investment programs and the European Union Immigration programs.