Thursday, sepTember 30, 2021 khaleej times
RESIDENCY &
CITIZENSHIP by Investment Expo
KHALEEJ TIMES ADVERTISING SUPPLEMENT
WELCOME TO A WORLD OF POSSIBILITIES
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30 Sep - 1 Oct 2021 Conrad Etihad Towers Abu Dhabi, UAE
he International Residency and Citizenship Expo 2021 is one of the major events to happen in the capital bringing over 25 exhibitors from around the world to showcase the benefits of having international citizenships where a powerful passport, visa-free travel, and tax and wealth management benefits are vital as a safety net for individuals, businesses, and families. Citizenship by Investment, which is the latest security guarantee, was rediscovered as an after effect of the pandemic where lifestyles have been affected by travel restrictions and local health systems, have transformed from
luxury of high-net-worth personalities to alternative longterm life support abroad. This opportunity will be the main highlight of the two-day event. The eye-opening reality after the pandemic has attracted working professionals, business tycoons, and high-profile families to obtain second citizenship as a security for any future crisis. Having a second citizenship gives you that access and acts as an extra layer of security for you and your family – a Plan B should you need it.” The Citizenship by Investment does not only support financial and residential security for individuals but also a
SECOND CITIZENSHIP FROM LUXURY TO NECESSITY The Commonwealth of Dominica offers one of the fastest CBI programmes
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T age, business experience, or educational requirements. There is also no mandatory interview. The programme offers two channels of investment: a one-time non-refundable contribution to a government fund or by the purchase of eco-luxury real estate. This involves property from renowned hoteliers such as Hilton, Marriott and Kempinski alongside popular boutique eco-villas. Dominica is also the best option for families on the market, enabling investors to add an extensive range of dependants to an application. Your decision to get second citizenship can also make your child’s transition to higher education smoother, as they will be open to select from the world’s best institutions without the worry of doing it all alone. Applicants also have the option to reside in Dominica with full living and working rights. However, investors must undergo strict due diligence checks to ensure that only those of the highest moral standing are accepted as citizens, thus protecting the Programme’s international reputation.
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or invest in an existing business and get Canadian permanent residence. The most significant factor behind PNP’s increasing popularity is the relaxing requirements and criteria these streams have in terms of Language Proficiency and Level of Education. Some of these programmes such as the Yukon Business Nominee stream do not need the applicant to conduct mandatory exploratory visits as well.
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唀匀 䔀䈀㔀 䜀爀攀攀渀 挀愀爀搀 瀀爀漀最爀愀洀 ☀ 唀匀ⴀ䔀㈀ 嘀椀猀愀
St Kitts and Nevis Sustainable Growth Fund The Sustainable Growth Fund (SGF) is the fastest route to St Kitts and Nevis citizenship and is the only option that offers a limited time offer. Under the discount, families of up to four can gain citizenship for $150,000 rather than the previous $195,000. This accounts for a $45,000 price cut. This reduced offer is only valid until the end of 2021. Benefits include full citizenship for life, restriction-free travel to nearly 160 destinations, the right to live and work in the nation, and the ability to pass citizenship on to future generations. St Kitts and Nevis is a safe and peaceful nation with one of the world’s best primary health care systems. Applicants also do not have to travel to the islands to apply, nor is there a requirement to visit after. “With nearly four decades of experience within the industry, our programme is considered a ‘Platinum Standard’ and continues to be ranked as one of the best in the industry,” said Prime Minister Timothy Harris.
Gain immigration support from WWICS, who are wellrespected consultants in the industry
䈀夀 䤀一嘀䔀匀吀䴀䔀一吀 匀䔀刀嘀䤀䌀䔀匀
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he effects of the pandemic will be felt for a long time and have highlighted the need to have options. Discerning investors have begun to realise that having dual citizenship is the most important future insurance policy. Those who do not have the option to secure second citizenship through descent or residency are looking to citizenship by investment as an alternative solution. The twin-island of St Kitts and Nevis has been warmly welcoming investors and their families with one of the best-managed citizenship by investment programmes. Known as the Platinum Standard, it is renowned for being one of the most efficient, transparent and trusted options for second citizenship. Established in 1984, the St Kitts and Nevis’ Citizenship by Investment Programme grants second citizenship to successful applicants who can make the required investment and pass the strict multi-layered due diligence process. The programme was recently awarded the best citizenship by investment programme for 2021 by the CBI Index, published by the Financial Times’ Professional Wealth Management (PWM) magazine. “The St Kitts and Nevis Programme continues to meet the needs of its investors by providing a reliable and quick means to a second citizenship. Our nation is focused on providing the most respected programme in the industry. We are glad to have been recognised as the best in the 2021 CBI Index,” said Les Khan, CEO of St Kitts and Nevis’ Citizenship by Investment Unit.
A GLOBAL TREND ON THE RISE
刀䔀匀䤀䐀䔀一䌀夀� 䌀䤀吀䤀娀䔀一匀䠀䤀倀
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INVEST IN THE PLATINUM STANDARD The world is your oyster with a St Kitts and Nevis Citizenship
or a long time, dual nationality was considered a luxury for those who could afford to travel and raise their families abroad. With political and economic uncertainty at our doorstep, many have abandoned traditional ways to attain second citizenship, which can often take years. Those who want the process to be complete faster are increasingly looking to routes like citizenship by investment (CBI), reflecting the necessity that has become second citizenship, especially for business people from countries across the Middle East. One of the fastest programmes for those pressed for time is one offered by the Commonwealth of Dominica. This economically stable country has one of the best living standards in the region with taxfriendly policies for non-residents. It is also one of the most naturally beautiful destinations in the world, with lush green mountains, countless scenic rivers, waterfalls, and breathtaking white sand beaches. Ranked best in the world for five consecutive years by the annual CBI Index, Dominica’s CBI Programme lets successfully vetted applicants gain citizenship that opens doors to travel to over 75 per cent of the world. Within three months, investors and their families have access to major financial hubs in Europe, Asia, and Africa. In addition to having no physical residency obligation, Dominica’s CBI Programme has no language,
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contribution on the global upward mobility with multiple countries opening opportunities and offering comprehensive benefits from local to international perspectives. Having multiple countries facilitating the Citizenship by Investment programme, Maria Knight-Pacheco shared valuable advice, “From my point of view, the research about the country of investment is crucial. The economic, political stability of the country, and the tax system as well.” The International Residency and Citizenship Expo 2021 is a meeting ground for exhibitor, consultants, and experts from several countries.
䄀甀猀琀爀愀氀椀愀 䌀愀渀愀搀愀 唀匀䄀 䔀甀爀漀瀀攀 䤀渀搀椀愀
he massive volatility driven by Covid-19 has pushed the international demand for investment migration programmes on the strongest growth path it has seen over the past two decades. As the world emerges from the pandemic, the high-net-worth individuals are actively looking to access global business, career, and lifestyle opportunities for themselves and their families by investing in an alternative residency or citizenship. According to World Wide Immigration Consultancy Services (WWICS), the world’s largest immigration group with strong expertise and specialisation in the investment immigration industry, the number of applications for Turkish Citizenship by Investment (CBI) rose steeply. In the period from March 2020 to May 2020, Turkey’s monthly CBI application approvals averaged 1333. Similarly, Vanuatu and Dominica Citizenship by Investment programmes saw a rise in demand too. The Vanuatu Government’s revenues from the CBI programme were 26 per cent higher in 2020 than in 2019. Commenting on the same, Waquar Karim, Vice President, WWICS said, “The unexpected and unprecedented events of 2020 have certainly acted as a driver of migration industry growth, putting a spotlight on many push factors like political and economic instability with access to better education opportunities and world-class healthcare facilities becoming issues of greater concern than ever before.” POPULAR SECOND PASSPORTS AND BEST INVESTMENT DESTINATIONS Caribbean CBI programmes: British Commonwealth passports have gained immense popularity
Waquar Karim Vice President WWICS over the decades due to numerous benefits ranging from attractive tax regimes to visa-free travel. The Caribbean country of Grenada has a treaty agreement with the United States that allows the citizens of Grenada to operate a substantial business in the US on an E-2 visa. Therefore, investing in Grenada citizenship is a fasttrack solution for those wishing to enter the US market just in a matter of months. US EB 5: The EB-5 investment programme is a fast and reliable way to obtain the US Green Card or Permanent Residency. The current reduced minimum investment requirement of $500,000 creates a very opportune time for investors to file an I-526 petition and get a US Green Card for a fraction of the previously prevailing investment requirement of $900,000. Canada: There are manifold options available for those who are looking for a pathway to immigrate to Canada as an entrepreneur or investor. These budding entrepreneurs with an innovative business plan can benefit from Canada’s Startup Visa programme while various Provincial Nominee Program (PNP) Entrepreneur Streams allow investors to run their own business
Australia: One of the world’s most robust economies, Australia offers great opportunities for international businesses to grow. The Business Innovation and Investment (Provisional) visa allows applicants to own and manage a business in Australia and stay in the country for five years. North Macedonia: A fairly new entrant in the investment migration domain, North Macedonia Citizenship-by-Investment Program offer excellent opportunities for investors to acquire the second passport of one of the Balkan nations. Becoming a citizen of North Macedonia has a number of benefits such as free primary and secondary education, access to better healthcare, lucrative business opportunities with low corporate and personal income tax. A respected name in the migration industry — WWICS provides personalised and bespoke solutions to those interested in business expansions and citizenship/ residency by investment opportunities in association with its renowned global partner — CBIS. “Investing in an alternative residency or second citizenship is a very crucial decision that needs to be taken by taking various factors into consideration. With a proven track record of offering exemplary migration services to clients; we at WWICS offer our clients only bespoke solutions and suggest them an investment programme that fit them best based on their needs and family situation to ensure that our clients acquire their visas as hassle-free as possible,” Karim concluded.
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khaleej times Thursday, sepTember 30, 2021
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