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The Luxury Network International Magazine Issue 07

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THE RISE OF THE AFFLUENT IMMIGRANT:<br />

WHY THE WORLD’S RICHEST<br />

ARE CHOOSING TO MIGRATE<br />

<strong>The</strong> Knight Frank World Wealth Report 2017 re-<br />

ports the world’s super-wealthy spend over USD<br />

2.4bn on second citizenship each year, with most<br />

demand coming from China, the Middle East, and Rus-<br />

sia.<br />

Immigration amongst high-net-worth individuals is<br />

‘strong and growing’, the report notes. Indeed, some of<br />

the world’s most affluent businesspeople are choosing<br />

to migrate to other countries and/or adopt second citi-<br />

zenship.<br />

But why do high-net-worth individuals find second cit-<br />

izenship so attractive? Is citizenship-by-investment re-<br />

ally the best use of your money?<br />

Let’s look at the top reasons for wealthy investors choos-<br />

ing second citizenship, and explore the programmes<br />

that prove most attractive.<br />

Why do so many high-net-worth individuals opt for<br />

second citizenship?<br />

While every investor we talk to is different, everyone<br />

shares some common hopes and fears:<br />

Stability, safety and security: Global forced displace-<br />

ment is the highest it’s been for decades. Second citi-<br />

zenship is an insurance policy against this sort of up-<br />

heaval, allowing those with means to secure a better<br />

future for themselves and their family. If you’re one of<br />

the many who worry about increasing political and eco-<br />

nomic turmoil, citizenship-by-investment can offer in-<br />

valuable peace of mind.<br />

Global forced displacement is the highest it’s been for<br />

decades. Second citizenship is an insurance policy<br />

against this sort of upheaval, allowing those with means<br />

to secure a better future for themselves and their family.<br />

Global mobility: Some passports can be very restrictive<br />

46<br />

regarding global mobility, which can be a real hindrance<br />

for anyone who enjoys – or relies on – international travel.<br />

At the time of writing, the top passport-holders could<br />

travel to 160+ countries on visa-free or visa-on-arrival<br />

terms.<br />

Global mobility is an issue of personal and professional<br />

freedom. Of being able to holiday where you want; take<br />

business meetings where you want, without lengthy visa<br />

delays and restrictions. Global mobility is an issue of<br />

keeping up when we live in increasingly globalised societies;<br />

not being able to move freely really can hold<br />

you back.<br />

For high-net-worth individuals, citizenship-by-investment<br />

offers global mobility that might not otherwise be<br />

available – along with genuine personal and professional<br />

benefits.<br />

Trade and investment: Restrictions in global mobility<br />

often also translate to restrictions in trade and invest-

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