Associates Times recently conducted a webinar with the globally renowned UK-based Government Citizenship advisory firm CS Global Partners on Sunday-March 6, 2022, which focused on the Residence and Citizenship by Investment Programme and its evolving trends.
The Webinar featured the experience of the dignitaries of CS Global Partners, including CEO Micha Rose Emmett and Director Paul Singh in the Citizenship by Investment industry in the past ten years. They highlighted the significant transformation that occurred in the industry.
Citizenship by Investment Programmes provide second Citizenship to the investors and gives freedom of global mobility with ease of access to the world’s leading economies. With the rigorous due-diligence process, the CBI unites of the particular countries ensures that only legitimate persons can obtain dual Citizenship.
The Webinar also explained how one could take advantage of the programme and become a global citizen and the programme’s benefits to the host countries and the host countries.
While remarking about the significant trends that occurred in the past ten years, Micha Rose Emmett stated that she had seen a hike in demand for obtaining second Citizenship among people from different regions as they understood the importance of getting access to the world to do business and to educate children.
She further explained that the CBI programme remains highly desired among investors due to the chaos, and with the huge political conflicts, the industry witnessed an uptake in the application.
Guests also recognised the CBI programme offered by the countries such as Dominica and St Kitts and Nevis and noted that the countries have the world’s oldest, longest-running, and best CBI programmes, which maintains safety, security and other essential factors.
Paul Singh stated, “It’s normally three months that suits time-poor business people who are obviously very busy, and the Caribbean CBI jurisdictions such as St Kitts and Nevis, Dominica have got an excellent processing timeline and its’ actually very efficient.”
While lauding five countries of the Caribbean jurisdictions, the Director of CS Global Partners cited that Citizenship by investment is the most direct, clear-cut and most seamless process to gain Citizenship. All five Caribbean jurisdictions provide a thorough due diligence process, and they’ve all ranked very highly in the pillar of due diligence, conducted by the financial times CBI Index, which scored all five Caribbean nations quite highly there.
Micha also stressed the difference between Citizenship by Investment and Residency by Investment and informed that a total of 13 countries are providing CBI programme currently, which includes Egypt, Turkey, Vanuatu, Montenegro, Malta, Jordan and North Macedonia, Austria and Caribbean options, which includes St Kitts and Nevis, Antigua and Barbuda, Dominica, Grenada and St Lucia.
She also stated that these different programmes provide different routes to obtain Citizenship and also different time frames.
Outlining the various investment options available in the CBI programme, Emmett and Paul explained that the CBI programme tends to have two options: real estate investment and donation investment.
Micha emphasized that the CBI investment options varied from jurisdictions to jurisdictions, but the funds from the programme aid the government to develop their country in the different sectors such as health sector, economy etc.
She stressed that countries like Dominica were saved by the CBI fund when Hurricane Maria hit in 2017; the programme also benefits individuals as it creates employment opportunities for the country, so the firm provided a win-win solution for the parties involved.
Paul also outlined the various factors of the investment options and noted that the government fund contribution is a more straightforward route as it can tend to be even an efficient and quicker route, while real estate is more complex and tough.
He said that it depends upon the investor which investment suits them as some investors may choose the real estate route because they want to have a tangible asset, and they may well be looking for a return on it.
While concluding the Webinar, Pual and Micha Rose stressed that CS Global Partners have efficiently worked to provide dual Citizenship to the eligible candidate and completely transforms their lives.
So, the CBI programme is a lifesaver for the individuals and the host country, underscored Paul Singh.