Over the years this has become a very topical subject, especially relevant in the Post Covid World and is becoming an essential part of an HNI asset allocation strategy.
CBI is a type of sovereign capital – where countries raise economic contributions from HNW in return to which they offered citizenship.
Origins of modern-day CBI – trace to the island of SKN – post independence in 1983, a financial necessity.
Sun, sand, diplomatic relations – allowed these countries to monetize sun and sand and take time to build diplomatic relations which monetized into CBI with short gestation period.
WHY AN ALTERNATIVE CITIZENSHIP ?
Freedom to travel without prejudice. Expanded global mobility Visa free travel remains relevant – borders are stricter and fewer visas being issued. List of travel bans are being experienced more and more frequently.
- Migration and resettlement opportunities
- Personal Security Dislocation in emerging markets have started, seeing civil unrest in established nations.
- Political tensions and conflict Nationalism – people who are not part of the indigenous population across the world are feeling nervous and unwanted in countries they consider home.
- Access to career, education, health, and cultural opportunities.
- Ease of global asset diversification Access to large global markets has become vital for business growth
- Tax Efficiencies Economic migration has become ESSENTIAL – people are looking to move their families for better quality
of lives.