Wealthy Chinese Investors Are Seeking Second Citizenship as Plan B
Wealthy Chinese Growth Trends and Predictions According to the 2021 Wealth Report by Knight Frank, Asia will host 24% of all UHNWIs [ultra-high-net-worth individuals] by 2025. The continent is already home to more billionaires than any other. The Chinese Mainland’s wealthy are forecast to grow by 246% by 2025. “The number of UHNWI in China […]
Prince Philip: An Exiled Royal Who Renounced His Titles to Start Afresh
A Life of Duty The Duke accompanied the Queen on official duties and appearances throughout the world. In 1992, he said, ‘Everyone has to have a sense of duty. A duty to society, to their family.’ He also participated in the work of many organisations, particularly favouring those focused on the environment, athletics and education. […]
Nigerian Lawyer Appointed at Nevis Bank, Further Bridging African-Caribbean Gap
BONITS specialises in global migration investment, a sector prominent in St Kitts and Nevis, which pioneered the popular Citizenship by Investment Programme. BONITS has offices in the Eastern Caribbean and across the globe in regions like West Africa and East Africa. It is also affiliated with the Bank of Nevis, which recently opened its first […]
Kenya to Introduce Citizenship by Investment Programme
The Kenya Citizenship and Immigration Act, 2011 currently requires a foreigner to continuously live in the country for at least seven years to qualify for citizenship by registration. Now, the country’s Investment Authority, KenInvest, plans to proceed quickly to help draft a bill that will make it easier to acquire Kenyan citizenship through the country’s very own citizenship by investment programme. “Listening […]
What recent changes have been made to Citizenship by Investment programmes?
Antigua and Barbuda Antigua and Barbuda has confirmed which of its overseas missions have been authorised to administer the Oath of Allegiance required for adults to become citizens of the country through the Citizenship by Investment Programme. The list includes the Antigua and Barbuda embassies in Athens, Havana, Jordan, Lebanon, Madrid and Washington DC, the […]
Malta Citizenship by Naturalisation for Exceptional Services by Direct Investment
In 2020, Malta’s government inaugurated a new route to citizenship through direct investment under the Granting of Citizenship for Exceptional Services Regulations. Under the new Regulations, the main applicant must apply for residency in Malta through a licensed agent to whom they provide a Power of Attorney to act on the applicant’s behalf. The applicant […]
Wealth tax – A new norm?
What is wealth tax? According to the Wealth Tax Commission, a wealth tax is “a broad-based tax on the ownership of net wealth.” Broad-based refers to a tax on most types of asset, which include cash, bank deposits, real estate, and more. There are a handful of countries in the Organisation for Economic Co-operation and […]
The Changing Nature of Dual Citizenship in Africa
Africa, the world’s second-largest continent, is still coming to terms with the rise of dual nationality. Following years of colonisation, much of the region agreed to implement a ban on holding second citizenship as they began to claim sovereignty. Today, dual citizenship is still prohibited in parts of Africa. Many have linked multiple nationalities with […]
Retaining South African Citizenship When Applying for Dual Citizenship
More wealthy South Africans are beginning to look overseas for second citizenship options. But the South African Citizenship Act needs to be considered before making an official application if one wishes to retain their citizenship. When obtaining second citizenship, an applicant should take advice in their country of origin to ascertain whether they may hold […]
Dual Citizenship a New Trophy Asset
A trophy asset – previously described as a rare property and in high demand – is a particularly valuable or essential asset for investors. When it comes to the investment immigration industry, obtaining a second nationality is akin to holding the key to the world. While traditional investments like bonds, stocks, property, and high-end art […]
