‘Indian rich top world in looking to leave country’
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‘Indian rich top world in looking to leave country’
Lubna Kably / TNN / Updated: Feb 13, 2021, 11:48 IST
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MUMBAI: The Covid may have put international travel plans on the backburner but it has not stopped high net-worth individuals (HNWIs) from shopping for new countries to set up base in either as long-term residents or citizens.
In 2020, wealthy Indians again topped the list of those making enquiries for ‘residence-by-investment’ or ‘citizenship-by-investment’ programmes. The number of enquiries rose from 2019, said a facilitating agency. Since India does not permit dual citizenship, opting for ‘citizenship by-investment’ means giving up one’s Indian passport.