Economic Citizenship
What is Economic Citizenship? Economic citizenship refers to the legal process where an individual or family acquire second citizenship or permanent residence in a country in return for a specified financial investment in the nation. Many countries around the world operate economic citizenship programs, also known as citizenship by investment programmes , as a means to attract direct foreign investment to their country. When it comes to generating economic growth, the benefits of economic migration are undeniable. As a result, dozens of countries have implemented immigration policies and laws designed to attract wealthy individuals. In today's mobile global economy, however, many high net worth individuals (HNWI) reside and conduct business at an international level. Consequently, for many of these "global citizens," investment immigration programs that include a mandatory physical residency requirement are simply not feasible. In an effort to appeal to these in...