When the first modern citizenship-by-investment programs were developed in the late 1980s and early 1990s, the investment migration industry was largely unformed, unknown, and unregulated. Today, by contrast, citizenship-by-investment is part of every savvy wealth manager’s vocabulary. The number of citizenship programs is also increasing steadily, as governments seek to tap into their potential to boost capital and talent inflows.
The global citizenship market is now an established and fast-growing feature of the economic landscape, with prominent players such as the EU endorsing and participating in the industry. This morning we unpack exactly what the ‘global citizenship market’ entails, and how are its much-touted benefits distributed? Why, and to whom, does this market matter? Together with case studies this discussion can cover the following: a brief history of citizenship-by-investment, benefits of the industry – a win-win for governments and investors, sustainability of the industry…
Guest: Amanda Smit of Henley & Partners