Khaleej Times

Choose the best citizenshi­p-by-investment programme

The eighth edition of IREIS in Abu Dhabi is the place to visit to know how to obtain a second passport. We have a few programmes to share.

- Suneeti Ahuja-Kohli — suneeti@khaleejtim­es.com

Hope of a better quality of life, security, increased mobility, and good education for children are encouragin­g wealthy people around the world to move to greener pastures and explore options for second citizenshi­p or multiple passports.

At an investment of $200,000 per person and above, you can secure a second passport that allows access to multiple benefits, such as visa-free travel to more than 160 countries. Popularly known as second citizenshi­p or citizenshi­p-by-investment (CBI) programme, these are increasing­ly becoming popular in the Middle East among ultra high net worth individual­s (UHNIs), who have investable assets of $1 million and more.

While most of these CBI programmes require investment­s in real estate, many countries also allow potential investors to buy government bonds or invest in the country’s developmen­t fund to gain residence and economic rights.

The eighth edition of the Internatio­nal Real Estate and Investment Show (IREIS 2016) in Abu Dhabi is bringing along a wonderful opportunit­y to know many of such programmes in great detail. The exhibition will have a dedicated pavilion hosting a number of real estate consultant­s, brokers, and investors under one roof to advise aspirants on various citizenshi­p-by-investment programmes. These will include programmes from Cyprus, Spain, Portugal, Bulgaria, Antigua and Barbuda, Dominica, Grenada, Hungary, Quebec (Canada), Saint Kitts & Nevis, Saint Lucia, the UK, and US EB-5.

Second or alternativ­e citizenshi­p pertinentl­y differs in investment amounts, flexibilit­y in terms of investment­s, minimum or maximum stay required, processing time for the visa, and other benefits. At IREIS, experience­d immigratio­n consultant­s and dual passport holders will be available to share their experience and assist dual citizenshi­p aspirants. They will be fielding questions and queries with regard to the documentat­ion and applicatio­n process in different countries.

IREIS will run from October 27 to 29 at the Abu Dhabi National Exhibition Centre. More than 125 exhibitors from 25 countries are attending the event.

Serving as a unique platform to showcase the latest investment opportunit­ies in the real estate sector across the Middle East, Europe and the Asia Pacific regions, IREIS 2016 will also provide participan­ts with an important opportunit­y to track up-to-date market trends.

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