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Why are the wealthy investing in residence and citizenship planning amid pandemic?

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According to this article on Gulf News, by Chiranti Sengupta, Editor

“Applications for investment migration and second passports have gained traction in the wake of the pandemic. The unprecedented trend of Covid-19 lockdowns and related travel restrictions and the suspension of temporary visas by several countries during the pandemic have forced many high-net-worth-individuals (HNWI) to explore options for second citizenship to ensure security and global mobility for them as well as their families.

“The pandemic has meant that even more wealthy people have felt hemmed in by borders and are likely to hedge the risk in the future by ensuring they can move smoothly across them and spend time in desirable locales,” says professor Kristin Surak from the London School of Economics in her recent research on the uptake of residence by investment programmes in the European Union.”

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