Khaleej Times

THE FAIR FOR GREAT LIVING!!!

-

The modern world global village has replaced the centric concept of citizenshi­p by birth and moved towards the basis of an individual’s ability to access different parts of the world. The Liberty to travel visa free, security, stability and many other aspects compose the modern understand­ing of the concept of citizenshi­p.

Residency & Citizenshi­p by investment is used as an insurance by high-net-worth individual­s as it helps them acquire second citizenshi­p without physical migration. Most of these programs allow candidates to acquire a second passport without having to dissolve their initial one.

The Internatio­nal Real Estate & Investment Show (IREIS 2017) aims to bring together delegates of countries offering Residency & Citizenshi­p programs. Countries offering plans at the exhibition in- clude: USA, Canada, United Kingdom, Malta, St Kitts and Nevis, Cyprus, Spain, Greece, Portugal, ST. Lucia, Dominica, Antigua & Barboda, Georgia, Grenada and Hungary.

Future of Passports

The ‘Golden Visa’ (Schengen) scheme has experience high demand as many business travelers across the world want visa free travel liberty. This scheme aims to offer immediate Schengen residence to foreign investors. In addition, the ‘Golden Visa’ holders can also visit non-Schengen EU member countries such as Croatia, Romania, Cyprus, Macedonia, Montenegro, Moldova, Georgia under visa waiver agreements without the need for separate visa. Seekers of residency via investment are usually looking for diversific­ation of both business and personal affairs through such programs that are the new happening trend of global citizens. Recipients of the ‘Golden Visa’ are seeking increased quality of life, mobility, security, educationa­l options, improved tax and estate planning capabiliti­es. “We all live in a globalised world where technology has enabled us to better connect with people from anywhere. However, our ability to diversify our lives – business or otherwise – can at times be impeded by where we were born. Citizenshi­p by investment enables individual­s and their families to overcome those barriers, establishi­ng links and networks to become part of a globalised world.”

Micha Emmett, CEO at CS Global Partners

“The UAE Market is great. This is because, nearly three quarters of the population is comprised of expats. They want to move forward. They want to migrate to a new country. Although they don’t want to migrate now, they are interested to obtain another passport as an alternate citizenshi­p or even buy a residency in a European country to feel secure. So, I think this market is a tremendous one. The region is great. With the stable politics, things are great.” Sam Bayat, Bayat Legal Services.

“It is quiet fascinatin­g to see how this phenomenon has grown and how the attraction and demand for second citizenshi­p has evolved in the past years, either on the clients side but also with the countries offering citizenshi­p/residency options.”

“A second citizenshi­p has became a powerful and useful tool for many different purposes such as freedom of VISA free travel; it also gives security, allows tax planning…etc…and the access to the a second passport or residency for High Net worth Individual is beneficial for the applicants and the country of investment.” “More and more countries have been offering their own citizenshi­p or residency program in the past 5 years, and you can expect to see more government setting up their own citizenshi­p/residency

 ??  ??
 ??  ??
 ??  ??
 ??  ??

Newspapers in English

Newspapers from United Arab Emirates