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Second Citizenship: Super Demand from the Super Wealthy

 

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7. Wealth Deconstruction for UHNW Individuals with Second Citizenship

7. Wealth Deconstruction for UHNW Individuals with Second Citizenship

The trends that have been driving global citizenship – technology, globalization, and increasing convergence of the world’s wealthiest – look set to continue, making ease of travel more important than ever. Coupled with greater stability, increased quality of life in some of the world’s most desirable cities and competitive tax rates will make a second citizenship more and more appealing as the wealth of UHNW individuals increases.


Measured solely in investment terms, the majority of these investor immigration programs are very attractive to UHNW individuals, costing as little as 0.5% of their liquid assets, or 0.1% of their net worth, and providing a host of positive benefits. 


As education and awareness of global citizenship programs continues to increase, so too will the number of applications being made by UHNW individuals. With more and more wealth being created in Asia, yet demand for residence in European territories being so high, this trend of UHNW individuals seeking global citizenship will undoubtedly continue to grow.

 

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