The world is experiencing a surge of Citizenship by Investment (CBI) and Residency by Investment (RBI)Programmes. We take a look at the new CBI or RBI Programmes that could pop up and how these could affect the investment migration industry.
In an increasingly interconnected world, countries are constantly seeking ways to attract foreign investment. This can help to boost their economies and foster international cooperation. One approach gaining popularity in recent years is the introduction of new CBI or RBI programmes.
Today, more and more foreign nationals are looking to obtain citizenship or residency in exchange for substantial investments in the host country’s economy.
Why are we seeing so many CBI or RBI Programmes?
Countries choose to implement CBI and RBI programmes for a variety of reasons. Here are some key motivations:
CBI and RBI programmes can inject significant capital into a country’s economy, particularly in sectors like real estate, infrastructure, and job creation. This influx of foreign investment can help finance crucial development projects and stimulate economic growth.
Governments often impose fees and taxes on CBI and RBI applicants, generating substantial revenue for public coffers. These funds can be used to finance public services, reduce national debt, or invest in critical infrastructure.
Investments made through CBI and RBI programmes can lead to the creation of jobs in various industries, reducing unemployment rates and improving the overall economic well-being of the host country.
Diversification of economic activities
CBI and RBI programmes encourage diversification of the local economy by attracting foreign investors from different industries and regions, reducing dependency on a single sector.
Strengthening diplomatic ties
By offering a pathway to citizenship or residency, countries can forge stronger diplomatic and trade relations with investor countries. This can facilitate international cooperation and open doors for business opportunities.
Some countries that could soon offer new CBI and RBI Programmes
There are currently thirteen countries that offer CBI and RBI programmes around the world, and now thirteen more countries are considering introducing CBI or RBI programmes.
Some these programmes which are expected to be more popular than others are as follows:
El Salvador is considering introducing a RBI programme as part of its efforts to attract direct foreign investments and stimulate economic growth.
The RBI programme will be affordable with a minimum of US$100,000 offering foreign nationals the opportunity to obtain permanent residency.
The programme will have the potential to attract a range of international investors, from entrepreneurs and retirees to individuals seeking a strategic location for their businesses and retirement.
The country used to offer a complete CBI programme and has since diverted from this programme offering.
The Greece RBI programme, on the other hand, will grant temporary residence permits to individuals who make significant investments in Greek real estate or other approved sectors.
This permits them to reside in Greece, travel within the Schengen Area, and potentially transition to full citizenship over time.
The anticipated minimum investment amount will be two million Euros in its real estate or 500,000 Euros for a private residence investment option. However, these are tentative until the European Union court decides on the outcomes of the Malta CBI programme.
In a bid to boost its economy and attract direct foreign investment, the Maldives has introduced CBI and RBI programmes.
The CBI or RBI programme has not announced its minimum threshold. It aims to attract high-net-worth individuals (HNWIs) who can contribute to the country’s economic development, tourism sector, and overall growth.
Mauritius, often referred to as the “Pearl of the Indian Ocean,” is a luxurious island paradise known for its exquisite natural beauty. It boasts stunning beaches, and prestigious resorts. Luxury resorts in Mauritius are renowned for their opulence, offering world-class amenities.
Located in the Indian Ocean off the southeast coast of Africa, Mauritius offers a unique blend of cultures. Influences from Indian, African, French, and Chinese heritage, add to its charm.
Mauritius boasts a relatively low crime rate, making it a safe destination for travellers. The country’s political stability and strong economy contribute to its overall safety.
The CBI programme is expected to have a minimum contribution of US$500,000 per main applicant, and US$100,000 per dependant included in the application.