Even More Investors Attracted to CBI Programs
Living in a world full of uncertainty, acquiring a second citizenship or residency becomes inevitable enabling you to take control of your destiny. Given the prevalence of political and economic chaos coupled with individuals’ desire to gain economic freedom and international mobility, second citizenship or residency is a well-established trend a high number of affluent people are turning to nowadays. According to a survey, more than 34% of wealthy individuals acquired their second citizenship in 2018 while 29% are considering obtaining a second passport. The number of foreign investors in search of a safe haven is expected to rise in the upcoming years.
The likelihood of increased demand for second citizenship or residency is attributable to a number of key factors. The United Kingdom plans to leave the European Union on March 29, 2019 which will likely increase the interest in applying for second citizenship among UK citizens. Keeping legal rights attached to European Union membership has motivated UK citizens to acquire the nationality of another EU country since the Brexit referendum. In 2017, a total of 13,141 Britons obtained the nationality of one of the EU members compared with 5,056 in 2016. It is anticipated that the UK citizen will continue to apply for the citizenship of an EU country in the future.
In addition, Moldova and Montenegro have recently launched their citizenship by investment programs. With the simplicity and affordability of the programs, they will prove to be one of the greatest programs in the CBI industry.
In an effort to increase the attractiveness of the CBI programs, such countries as Turkey have also eased their programs. Turkey has recently slashed the minimum investment amount for all available investment options. As for the real estate investment alternative, foreign investors can now see themselves as citizens of Turkey by purchasing a real estate worth $250,000, down from a previous value set at $1 million. Turkey’s amended program has ended in success as property sales experienced a 15 percent increase in September right after the change was made to the program.
We at CitizenMatch unlock the doors to a life individuals have dreamed of by offering exemplary services tailored to their preferences. For more information on our citizenship or residency programs, you may contact us at [email protected].