World Finance: Which citizenship by investment scheme is the best?

World Finance: Which citizenship by investment scheme is the best?


World Finance: My next guest is Andres Gutierrez from citizenship and residency by investment consultants CS Global Partners. He joins me to discuss the growth in the industry, what makes a good citizenship by investment programme, and which country offers the best. What does the investment immigration industry encompass? Andres Gutierrez: Investor immigration encompasses the legal processes of either acquiring a residence or a citizenship, either by
making a contribution to a government fund or an investment into real estate. The global existence of the investor immigration market goes back to
30 years. It started with a Canada residence programme in 1986 and then that has led to the St. Kitts’ programme in 1982. Then, the Dominica programme. These programmes enable different applicants further travelling on their side and business
opportunities, as well as driving foreign investment into these countries. World Finance: There is
a public perception that these golden visa programmes or golden passport
programmes are: you pay your money and you get your citizenship, but it’s more
complicated than that. Andres Gutierrez: Yes, it is more complicated than that. There is a very strong due diligence process after the application is
really submitted to each particular country. And that due diligence part of
each particular application is the key of the entire investor immigration
market. It is so important because most citizenship by investment programs does
not require the applicant to have a residence in the country or to visit the
country itself so a very thorough, a very complete due diligence process is done
in order to ensure that the applicant basically is who he or she really says. And that serves first to protect the investment of all the applicants because,
at the end of the day, what the government wants, what the countries want is entrepreneurs, business people of high moral standard that they endorse with these passports. And, at the same time, it is a measure of protecting their programmes and the investor immigration market as a whole. World Finance: What else makes a good
citizenship by investment programme? Andres Gutierrez: there are many different factors. The CBI Index, published by the Financial Times, has mentioned, for example, affordability, timelines to citizenship, ease of processing, residence requirements. The longevity as well – a programme that has been running for a very long time, that has been operating for a very long time, that ensures that improvements have been made to that process, that fine-tuning to operations have been made as well, and it is a warranty, at the end of the day. So yes, I think that those are the key things. And just to mention as well, the Commonwealth of Dominica Citizenship by Investment Programme was ranked first on the CBI Index of the Financial Times. World Finance: So would you say that’s the best? Andres Gutierrez: The best programme depends on each particular applicant. The Dominica programme was ranked number one in the CBI Index; however, perhaps it is not aligned with the interest of an applicant, because perhaps they want to live in Europe, for example. Perhaps
they are not interested in Dominica, so we focus our attention on understanding what the client needs, because a person that wants ease of doing business globally perhaps will tend to go for a Caribbean citizenship, while a person
that, let’s say, has two or three kids, wants to leave in the UK or in Europe,
perhaps just looking at European CBI programmes like Cyprus. So, as advisors, it is about understanding the needs of the client and where they want to go.

Leave a Reply

Your email address will not be published. Required fields are marked *