‘Three pillars of citizenship’ driving investment immigration – CS Global | World Finance

‘Three pillars of citizenship’ driving investment immigration – CS Global | World Finance


World Finance: I’m with Andres Gutierrez from
citizenship-and-residence by investment consultants CS Global Partners. How has supply and demand
in the investor immigration industry changed, and what’s driving those changes? Andres Gutierrez: The demand is based on what
we call the three pillars of citizenship, which is basically physical safety, financial
security, and lifestyle and accessibility. Because at the end of the day, a person cannot
be entirely happy if their family or their own personal safety is compromised, or they
cannot do business properly. And they increasingly need to be doing business worldwide, from
Asia to South America to North America, passing through Europe and Africa. Obviously the countries has realised this,
and they have been offering different solutions to this. We have the residence programmes
and the citizenship programmes, and this is a way of enabling these applicants to have
financial stability or further business prospects, but also drive foreign investment into their
own economies. World Finance: There’s been a rise in residence
by investment programmes alongside citizenship by investment; what’s the difference, and
why choose one or the other? From a legal perspective, residence is the
right, the legal right, to live in a certain jurisdiction. Citizenship on the other hand,
is being a citizen of a nation, which obviously entitles the right to reside in that nation,
but at the same time having the same rights and obligations and duties as the citizens
of that nation. And the ability to apply for a passport. This ability to apply for a passport, it translates
into the ability of further travelling and doing business globally. Why to choose one or the other? Again, we
go back to the client’s needs. If the client wants to live in Spain for example, a Caribbean
passport won’t be the solution. World Finance: What is the profile of a typical
citizenship programme investor? Andres Gutierrez: Basically the profile is
as we have discussed before, it is a person that is looking for the three pillars of citizenship:
physical security, financial safety, and accessibility and lifestyle. And at the same time, access
to other markets, which is something that, with these citizenships, can be achieved. As an example of this, we had an applicant
doing normal business with Europe and with many other countries. The problem is that
from one day to another, this person wasn’t able to travel. If a person is not able to travel, well perhaps
it is fine. But for this particular business person, he was the only supplier of baby nappies
and baby food and so on for his country. So it doesn’t affect only the entrepreneur, but
it affects the entire population. So, what this person did was basically he
acquired a second citizenship, and with that citizenship was able to travel, was able to
start that business going again, and that supply into the country again. So this is
a triple-win situation: because this has allowed this person to travel freely on one side,
to do business globally; that has allowed the country that gave him citizenship to receive
his foreign direct investment; but at the same time the citizens of his country where
he has his business have been allowed to start receiving nappies again. World Finance: And what’s next in this rapidly
evolving industry? Andres Gutierrez: We see from our perspective
for the future more programme offering, because at the end of the day it is the driver of
foreign investment; together with a rise on advice like CS Global Partners. The need
of having legal advice that basically understands not only the needs of the client but also
understands the different options in the market, and can advise properly so the clients can
make an informed decision. This will lead at the same time to more regulation,
more transparency, and to a final thing, which is nowadays we are looking, we are opting
at one citizenship, two citizenships, but in five or 10 years it is not going to be
about which citizenship do we hold but: how many citizenships do you think you would need
in the next 10 years? World Finance: Andres, thank you very much. Andres Gutierrez: My pleasure, thank you. Thanks for watching. Click through to watch
the first half of this interview with Andres Gutierrez, discussing what makes a good citizenship
by investment programme, and which country has the best. And please subscribe for the
latest international business insights from worldfinance.com

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