15/06/22

From Features

Citizenship & Residency 2022

Trends in global mobility have noticeably changed since the outset of the COVID-19 pandemic, with HNWIs increasingly seeking second citizenship to grapple with travel restrictions and ensure a higher quality of life for themselves and their families. IFC Citizenship & Residency 2022 examines the latest developments in investment migration, while also assessing the benefits of individual citizenship programmes across Europe, the Caribbean and beyond. Jurisdictions considered include Antigua & Barbuda, Austria, Greece, Dominica, Grenada, Malta and St Kitts & Nevis.

IFC Citizenship & Residency 2022

Foreword

Bruno L’ecuyer
Chief Executive – Investment Migration Council

“We live in a time of unprecedented global peace, a new Pax Romana where conflicts are more often resolved through sanctions than kinetic warfare.” These were my words three years ago when I was asked to provide a foreword for this publication.

Unfortunately for all of us, significant changes in the global political and economic structure have since occurred, and today, we are facing an array of daunting challenges and multiple crises.

First, the Covid-19 pandemic has turned our lives and economies upside down—and it is not over yet. The global imbalance in vaccination rates have created different pandemic realities for people living in high-income countries and those in low-income countries, where many citizens have not even had their first dose of the vaccine. Meanwhile, the war in Ukraine, in all its dimensions, is sending shock waves throughout the globe. It is a humanitarian catastrophe, and the prospects for the world economy – already battered by Covid-19 and climate change – have dimmed sharply. Add to this the growing threat of fragmentation into geopolitical and economic blocs.

Comment

The Diaspora Of The Wealthy

Reaz H. Jafri
Dasein Advisors LLC; Withers

"If I take death into my life, acknowledge it, and face it squarely, I will free myself from the anxiety of death and the pettiness of life - and only then will I be free to become myself." – Martin Heidegger[i]

Human history is replete with examples of human displacement due to war, persecution, financial calamities, disease, environmental disasters and other events that make living in one's land unbearable. Persons with limited resources would flee, and still do, as refugees and seek out a country – any country – that would take them in. Those with resources always had choices and would seek out a new home where they could again prosper. It is these resourceful individuals that this article will focus on.