thought leadership by Abire Mansoor Licensed Agent Citizens International (Antigua)
FROM LUXURY TO NECESSITY nce the domain of the very few, citizenship by investment is becoming increasingly popular within the realms of discerning high-net-worth individuals. In a period of expanded political, financial and travel precariousness, the possibility of obtaining a second citizenship has piqued the interest of persons from different backgrounds and generations. In addition to nationals of oppressed nations and continuous political turmoil, the interest and need for second citizenship rose essentially as restrictions and lockdowns throughout the pandemic limited travel, migration and life for many. A better quality of life with better standards of health, safety and education, as well as global mobility, are still the main reasons why people want to obtain a second citizenship. Another compelling reason for a second citizenship comes from businesspeople worldwide seeking to establish and secure a presence in more developed markets to combat the challenges of deglobalisation. Such a move would enable them to bridge their presence in emerging markets while forging closer relationships with clients in more developed markets and mitigating the risk exposure to economic, political or social challenges in their home countries. However, a new and significant driving force behind the increasing number of second citizenship applications comes from high-net-worth individuals from western countries that are itching to get back out and resume travel with less limited restrictions.
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THE CITIZEN
