INTRODUCTION

The investment migration industry has experienced exponential growth in recent times. The industry, which is projected to hit a $100 billion value by 2025, has been driven largely by the desire of High Net-Worth Individuals (HNIs) across several countries, to acquire a second citizenship, or what is called the golden visa/passport for various reasons. One major factor, which has fuelled the desire for HNIs and the increased demand in the industry is the advent of the COVID-19 pandemic.

The pandemic revealed how volatile the world is, and the need for diversification and viable options for humans. In this article, we explain what investment migration is, how it works, its advantages, the factors to be considered in planning along this line and other key issues.

WHAT IS INVESTMENT MIGRATION?

Many countries now offer individuals the option to become citizens of their country. Individuals who have the means and resources can become citizens through investment.

Investment migration is the term used to describe the process through which HNIs acquire dual or multiple citizenships or permanent residences in certain countries through strategic investments in those countries. This can be accomplished through different types of established investment options, including real estate, government bonds, donations to government-supported programmes, establishing a business, development funds, etc. Investment migration is similarly known as citizenship or residency by investment.

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