Global citizenship catching fancy of super rich in India, China

A reminder to our small-business minded policy makers and politicians, any investment immigration program will be small change for the very wealthy. If we are to sell immigration visas, the Malta approach of being open about it and taking the money, is more honest than the various other schemes. But these programs undermine the immigration-based culture of building a country together:

Measured solely in investment terms, the majority of investor immigration programmes are very attractive to UHNW [Ultra High Net Worth] individuals, costing as little as 0.5 per cent of their liquid assets, or 0.1 per cent of their net worth, and providing a host of positive benefits.

Some of the reasons for seeking a second citizenship include, greater stability and security, tax efficiency, ease of travel, higher standard of living, increased options for children’s education, and investment opportunities that may not otherwise be available.

As education and awareness of global citizenship programmes continue to increase, so too will the number of applications being made by UHNW individuals, Wealth-X said.

Global citizenship catching fancy of super rich in India, China | The Indian Express.