Golden Visa: US expats renounce citizenship as UAE offers more attractive lifestyle
Over 150,000 Golden Visas were issued since 2019, Passport Legacy, a Swiss boutique firm has observed a surge in the number of expatriate high-net-worth individuals who are renouncing their US citizenship, obtaining alternative citizenship and migrating to the UAE. A reported 2,872 HNWI expatriates renounced their US citizenships in the first three-quarters of 2022, exceeding the […]
CBI programmes are still booming despite growing global inflation rates
The global citizenship by investment (CBI) market is projected to reach $100bn by 2025; a massive jump of nearly 5x from its current evaluation of $21.4bn. Despite the high worldwide inflation rates and economic instability that followed the Covid-19 pandemic’s market turmoil, encouraging sentiments toward such initiatives have not just persisted, but also increased. CBI […]
New UAE Golden Visa, Green Visa, long-term visit visa rules come into effect today: Benefits and how to apply
New UAE Golden Visa rules and long-term visit visas, including permits to enter and stay in the country, come into effect today. First announced on Monday, April 18, by the UAE Cabinet – led by Sheikh Mohammed bin Rashid Al Maktoum, the UAE Vice President, Prime Minister, and Ruler of Dubai – the sweeping changes […]
From Dh3 meals for labourers to fund for Pakistan flood victims: How UAE businessmen are giving back to society
A restaurant that that gives meals for just Dh3 for labourers. An orphanage and football team that helps keep children off the street. A fund that offers relief to Pakistani flood victims. These are among the various philanthropic initiatives undertaken by businessmen and residents in the UAE. Khaleej Times speaks to three entrepreneurs who are […]
Measuring the True Power of Passports
With hundreds of passports in the world, and several ranking systems in place, understanding what determines the actual value or a passport is intricate. Here are some key considerations to assess when analysing a passport’s strength
UAE is world’s most powerful passport: This is how the world’s passports are ranked on their influence
In 2022, the UAE ranked first on the Passport Index’s ‘Global Passport Power Rank’ and ‘Individual Passport Power Rank’. But how? With hundreds of passports in the world, and several ranking systems in place, understanding what determines the actual value of a passport is intricate. Acquiring a second passport, or relinquishing citizenship in one country […]
The many reasons why UAE is scoring so well in Citizenship by Investment initiatives
The global Citizenship-by-Investment (CBI) industry was recently valued at $21.4 billion. International interest in applying for a second citizenship has risen alongside pandemic recovery and the global market is expected to reach $100 billion by 2025. If these projections are realized, recipients of CBI (currently 5,000 people annually) will inevitably climb even higher. Not only […]
Passport Legacy announces insights on the best countries for ‘Citizenship-by-Investment’ programs
Dubai, UAE: As an investment migration firm, Passport Legacy experts have seen clients look to gain dual citizenship for many reasons. While visa-free travel is the most common, other reasons include government stability, healthcare and good education options for their children’s future. As travel restrictions ease from the pandemic, the industry and the firm have seen […]
Easy travel access makes UAE passport one of the world’s most powerful
What makes some passports powerful and distinguishes them from others? Many don’t know that different indexes rank passports according to their tailored methodology. The easy travel associated with the passport, but also the investment opportunities associated with acquiring it, along with the quality of living. Global mobility plays a significant role in determining the power […]
The Portuguese Golden Visa VS Caribbean CBI programs
The term Residency and Citizenship by Investment (RCBI) is well known amongst the world’s high net worth individuals. A pathway to secure a residency or a second citizenship through an investment that would extravagantly enhance their lifestyle is something too good to pass on, and RCBI is becoming more popular by the day. During the […]
