Dominic Volek, Henley & Partners
Residence and Citizenship Options Now a Necessity
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By Dominic Volek, Group Head of Private Clients at Henley & Partners
Relentless pandemic-fueled uncertainty has led to a spike in international investors and entrepreneurs building diversified domicile portfolios through residence- and citizenship-by-investment programs to overcome the limitations of being restricted to one jurisdiction.
Henley & Partners has seen a 51 percent increase in average daily inquiries in 2021 compared to 2020, with eye-opening shifts in the predominant nationalities of investors — the most profound being a 207 percent leap in inquiries by U.S. citizens. Other notable increases in inquiries by Canadians, Australians, and U.K. nationals occurred, of 47 percent, 41 percent, and 33 percent, respectively — all indications that wealthy investors are actively seeking access to alternative options should the need arise.