"Unprecedented”, a word that has often been used these past few months. When the dust settles and some semblance of normalcy returns, we will see a clearer picture what this global pandemic has brought all of us.
History speaks from the past as though 1918 and the Roaring Twenties is around the corner. Life was hard then and migrants go to where life is better. Among them are the immigrant investors, businesspersons and their families who seek greener pastures in an ever-changing landscape. One hundred years later, instead of steam ships, we have commercial aircraft's traversing the Atlantic. These are indeed different times, but the narrative remains the same.
Many won’t entertain the thought of being repatriated to small islands at this time. For residency by investment permit holders of European, American, Commonwealth and other developed economies, the story is not necessarily better. Though they have advanced healthcare systems, these are all enormously overwhelmed now. Small islands offering citizenship for investment will see the need to implement further reduced fees to shelter their economies from the ongoing tourism slump. For residency by investment permit holders of European, American, Commonwealth and other developed economies, the story is not necessarily better. Though they have advanced healthcare systems, these are all enormously overwhelmed now. The huge populations in their city centers do not help the situation leading to a false sense of security
Citizenship and residency investments focused on real estate are on the right path. Although real estate tourism should no longer be the focus.
Obtaining another citizenship or residency means that you open your options to a better life for you and your family. That means better security, healthcare, education, mobility and financial opportunities. With decreased wealth, applicants will be more prudent and will find the best options. It may not exactly be a price war, but it will surely be a value-for-money battle. The programs who tick all the boxes will see the most benefit. A refocus must be done as early as now. Here at CN Global Partners we are keeping our fingers on the pulse of these dynamics. Read More courtesy of Modern Diplomacy
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