Having lost mobility during the health crisis, wealthy individuals are showing increased interest in citizenship by investment schemes, though the programmes remain controversial.
CBI and cryptocurrency already have a storied history, but with the rise of decentralised finance, perhaps now is the time for jurisdictions to reconsider their stance on this new method of payment.
Responsibility: Governments that fail to take background checks seriously risk a premature end to their citizenship by investment programmes.
Nomad Visas: CBI jurisdictions stand to benefit from the new work-from-home normal, and from the employees who want to trade in office life for a chance to work overseas.
With citizenship by investment schemes more popular than ever, countries offering these programmes are pulling together to help improve the industry’s image.
What is citizenship? There is a misconception that citizenship by investment is the same as buying a new passport.
New to 2020, the Family Pillar asks which citizenship by investment programmes offer the greatest opportunities for families that wish to stay together during the process.
Case study – Translating a person’s name incorrectly can circumvent lax due diligence systems, but multilingual due diligence can help mitigate this risk.