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Range Developments citizenship by investment NRIs | Business – Gulf News
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GOVERNMENT COMMITTED TO BALANCING DEVELOPMENT WITH ENVIRONMENTAL CONCERNS, BUT SAYS ARBITRARY PROTESTS CAN DERAIL DEVELOPMENT
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Nigeria loses $15 billion yearly on tax evasion as wealthy individuals, families acquire golden visa for dual citizenship overseas
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Dapo has spent too long at home in Lagos, Nigeria. Back in October, protests against the SARS police unit kept him from going to his office. “First, we were told to stay at home because of the coronavirus. Then this,” he says.
A wealthy Nigerian, Dapo, who is in his late 30s, does not want to make himself identifiable by giving his surname and age, lest it draw unwanted attention.
He has had a “backup plan” for getting out of Nigeria for some time, he says. “I have Maltese citizenship. I can leave for there any time.” With one small obstacle – a 14-day quarantine upon arrival – Dapo could be permanently in Malta any time he pleases. He is not planning to go imminently, but describes it as his “plan b’’.
Daily Post Nigeria
Published
One of the first basic rules of investing is to diversify one’s portfolio. The reasons this is important range from minimizing risk of loss to preserving capital and generating returns. One way to do this, and a continuously rising trend, is to obtain second citizenship by foreign investment. There are many reasons this type of investment is gaining popularity, particularly with the worldwide pandemic and civil unrest in many parts of the globe.
Stability and Security
A second passport from a country that is politically stable and experiencing a time of peace country can provide the utmost in security. Economic citizenship truly opens up a world of possibilities, especially for high-net-worth investors looking for a better quality of life. Second citizenship can benefit families for generations by offering access to high-quality healthcare and some of the best schools in the world, qualifying them for domestic rather than international tuition fees.