The Ultimate Luxury in China? A Second Passport

"A second citizenship remains a highly sought-after commodity not only because it provides safety and a valid exit strategy but also because it allows wealth preservation and financial privacy, and in a country like China that’s embroiled in a long trade war with the U.S. — where economic stability is being threatened and the government continues creating new tax laws to stop citizens from withholding their financial assets — a second citizenship scheme feels like a necessity. According to Forbes, between the last quarter of 2018 and the first quarter of 2019, the number of Chinese getting the U.K.’s Tier 1 Investment visa increased by 45 percent. The minimum investment for obtaining the visa amounts to £2 million ($2.5 million) which puts the U.K. in the same investment bracket as the U.S., Canada, New Zealand, and Australia. Forbes says that “Chinese investors have made up as much as 85% of the EB-5 visas, the U.S’s Tier 1 equivalent.” Nonetheless, globally, there are various “Golden Visa” packages available at lower price points. More hashtag#eb5visa hashtag#investors hashtag#visas hashtag#immigration hashtag#cip hashtag#china

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