Micha Emmett, the CEO of investment migration firm CS Global Partners, recently spoke to CBS Miami on why there has been increased interest from Americans seeking second citizenship. According to Emmett, this is due to a myriad of factors, including concern for the future, the need to protect one's family and wealth, along with better travel prospects.
Over the last year, these worries have been exacerbated due to the pandemic, with more individuals and families beginning to recognise the need to have a Plan B during times of crisis. This has led to a sharp increase in enquiries in routes such as Citizenship by Investment (CBI) – an initiative that empowers investors to make an economic contribution to a country in exchange for its citizenship.
TODAY'S OFFER
CS Global Partners supports clients in choosing the best programme that suits their specific needs and assisting with their application process.
"We have seen a 42% increase from previous years to last year in terms of interest from the U.S," Emmett told CBS. "The number one reason people cited was a better life for their families."
The Caribbean has emerged as a popular destination for Americans looking overseas due to its proximity to the US, along with its vast CBI options. The concept was pioneered in the region in St Kitts and Nevis, which continues to operate the longest-standing programme in the industry and has been dubbed a 'Platinum Standard' brand. Similarly, Dominica has also been internationally acclaimed as offering the best route to second citizenship on the market by the annual CBI Index conducted by the Financial Times' PWM.
DON'T MISS OUT ON THIS GREAT OPPORTUNITY
Shopenzer brings to you the most innovative and problem-solving products to make your day to day life easy. Join the Shopenzer family of more than 500,000 happy customers from around the world.
Once passing the necessary due diligence checks, successful applicants gain access to increased travel freedom, alternative business prospects, second home and lifelong citizenship that can be handed down for generations to come.
With much of the globe still grabbling with the COVID-19 crisis and its lingering fallout, it has become even more critical to have a backup plan that can be utilised during volatility. Whether it's a global pandemic, social unrest or economic instability, a second citizenship can help diversify your assets and hedge against uncertainty or risk.
"It has made us nervous, hasn't it? No matter where you sit. Every country has its challenges, so how nice to have an option. That's all we're offering – an option," Emmett noted.
More Great Dubai Route Stories
Dubai Airshow Announces Edge Group as Defence Technology Partner
UAE University’s Pavilion at Expo 2020 Creates a Generation of Job Creators Rather Than Job Seekers
What Do an Emirates Cabin Crew, Tom Cruise and the Crown Prince of Dubai Have in Common?
Collect Payments via Whatsapp for the First Time in the UAE
DISCLAIMER
Global Business, Financial News, Market Data, and Analysis published here are delayed 24 hours. All the published information, analyses and conclusions are based (unless sourced otherwise) on external information and Dubai Route Group’s experts' judgment. They are intended as guides only and should not be construed as definitive forecasts or guarantees of future performance or results. No responsibility or liability is accepted by any person, including Dubai Route Group or its affiliates and their respective officers, employees or agents, for any errors or omissions.