Golden visa offers citizenship to wealthy Indians. Concerns over exploitation led to restrictions in EU countries. GIFT City in Gujarat provides an anti-golden visa alternative. Mumbai branch proposal aims to attract businessmen back.
Indians top charts in getting citizenship of rich countries firstpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from firstpost.com Daily Mail and Mail on Sunday newspapers.
Wealthy Indians are increasingly investing in international real estate to become global citizens. They are showing interest in properties in gateway cities like Dubai, London, and New York, as well as countries like Austria, Egypt, and Jordan that offer citizenship through investment programs. Popular destinations for Indian investors include Dubai and Portugal.
When it comes to migrating, Indians lead the pack with a 32 million-strong diaspora. Industry experts say that enhanced global mobility, smoother business and tax planning are the key drivers propelling the move overseas.
RIYADH: Expatriates living in Saudi Arabia are more interested than ever in obtaining second passports, according to new data from Dubai-headquartered immigration firm Citizenship Invest (CI).
In an interview with Arab News, CEO Veronica Cotdemiey said that in the second half of 2020, interest among expats in the Kingdom in obtaining a second passport through various investment schemes increased 46 percent.
CI said Libyan expats in Saudi Arabia were the biggest group looking for a second citizenship, followed by Syrians, Indians, Iraqis, Lebanese, Yemenis and Egyptians.
According to Cotdemiey, the ongoing coronavirus disease (COVID-19) pandemic gave many people the opportunity to reflect on “essential issues” and provided those with the financial means a way of moving themselves and their families to more secure countries, potentially with better healthcare systems.