Global citizenship catching fancy of super rich in India, China

2014/05/07 Leave a comment

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.

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Canada Stops Migrant Scheme: Other Countries Rich Chinese Can Choose | TIME.com

2014/02/19 Leave a comment

Further to the recent decision to stop the business investment program, not surprising that people would look at other options.

No great loss for Canada given the poor rate of return compared to other forms of economic integration, but a reminder that Canadian policies do not take place in a vacuum and immigrants do make comparisons based on the “competitiveness” of a country’s immigration policies.

Canada Stops Migrant Scheme: Other Countries Rich Chinese Can Choose | TIME.com.

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Birth Tourism: Chinese Flock to the U.S. to Have Babies

2013/11/28 2 Comments

What is striking is that the numbers are relatively small in the US as in Canada. 10,000 may sound like a lot but in context of the number of illegal residents (in the millions) or overall US population, this is minimal.

One could also view this as another immigration channel targeting high-powered and high net worth immigrants, given the amount of money this costs. 🙂

Birth Tourism: Chinese Flock to the U.S. to Have Babies | TIME.com.

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