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.
According to the 2025 Global Passport Index ranking 199 countries worldwide, the Nigeria Passport Ranks 94 with visa free access to only 46 countries.