The landscape of Residency and Citizenship by Investment (RCBI) programs is constantly changing on a global scale. Some of the current developments and trends include:
Diversifying wealthy investors’ portfolios through investor visas and citizenship
With increasing globalization and the search for freedom of movement and security, High Net Worth Individuals (HNWIs) from different parts of the world are increasingly interested in Investor Visas (RBI). The COVID-19 pandemic has heightened this interest as HNWIs seek opportunities to expand their residency status and citizenship.
Growing number of HNWIs worldwide
The total number of HNWIs at the global level shows a continuous increase, with China and India in particular recording notable growth. The World Wealth 2023 report revealed that there were 69.5 million HNWIs worldwide in 2022, along with 579,000 ultra-HNWIs. This represents an increase of 2.9% and a decrease of 3.8%, respectively, compared to 2021.
China as an emerging market for RCBI programs
China has seen an impressive rise in the number of super-rich since the start of the new millennium, as documented by the Wealth Henley Report 2023. There are currently 2,250 cent millionaires (wealths of $100 million or more) and 285 billionaires in China, in addition to nearly 800,000 wealthy Chinese with fortunes of at least $30 million. China is therefore the second largest market for RCBI programs in the world after the USA.
India on the rise
India, as the world’s fifth largest economy, is also witnessing impressive growth in ultra-high-net-worth individuals (UHNWIs) with a net worth of over $30 million. According to Knight Frank’s report, their number is expected to increase from 12,069 in 2022 to 19,119 in 2027. At the same time, the number of billionaires in India is also predicted to increase from 161 in 2022 to 195 in 2027.
“Plan B” for wealthy investors
Wealthy investors are increasingly looking for ways to protect their assets and ensure their freedom to travel, especially in times of political or economic uncertainty. They see obtaining a second home or a second citizenship in another country as an exit strategy. This allows them access to different tax systems and broader diversification of their investments, which is of particular interest to those who want to preserve their wealth.
Crypto community as an emerging target group
An increasing group of investors interested in RCBI programs are part of the crypto community. With tighter cryptocurrency regulations in some countries, these individuals are seeking residency or citizenship opportunities in more crypto-friendly jurisdictions. This serves as a safety net for them in case they need to relocate to protect their crypto assets.
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If you’re thinking about leaving the country but don’t know where to start, our GCI UNT Worldwide team is here to help.
We’ve helped hundreds of people move their businesses overseas, legally reduce their taxes, and become dual citizens. We are focused on high-net-worth individuals and their families as well as corporations wishing to invest their offshore companies or even secure their wealth in offshore financial centers around the world. We will help you to find the best solution for setting up an offshore or onshore company. Another special area of our full-service consulting is the investment opportunity and solution in Europe, especially in the Balkans, Africa, Asia, UAE, the Caribbean and the Pacific.
If you are looking for it, please feel free to contact us. We create a holistic plan that serves your purpose.
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