There has been an increase in the number of HNWIs enquiring about citizenship-by-investment and residence-by-investment programs since the coronavirus was first reported.
The unexpected events of 2020 have exacerbated push factors such as political and economic instability and reprioritized pull factors, with stability, safety, and access to education and healthcare becoming issues of greater concern than ever.
The unprecedented new investment migration industry dynamics are evidence of the fact that HNWI are increasingly appreciating that acquiring alternative residence or citizenship is a powerful diversification tool.
Having been locked in for months, and with a second lockdown now being enforced in numerous countries, many people are wanting a new start in a different place.
Those with the means are looking to diversify their portfolios in all possible aspects, including lifestyle and choice of location.
Others are keenly exploring options to relocate to entirely new countries, from where they are able to continue operating their businesses while living a better life in a place where they feel more comfortable and secure.
