Will Second Citizenships Die?

TL;DR

The future of citizenship by investment programs is uncertain, with potential restrictions and changes. However, the industry is likely to continue, though with possible limitations and a need to consider obtaining additional passports for added security.

Transcript

hey it's the wealthy expat here in paris france and while i was traveling with my senkids passport i started thinking about some questions that clients sometimes ask which is how do you see the transition or how do you see the progress of the citizenship by investment passport are they going to get better are they going to get worse we saw with van... Read More

Key Insights

• ❓ Some countries may be pressured to cancel their citizenship by investment programs due to bullying from other countries.
• 😚 Countries offering citizenship by investment may lose access to certain areas, potentially requiring additional visas for passport holders.
• 🪡 The demand for citizenship by investment is likely to continue, but the industry may evolve and individuals may need to obtain multiple passports for added security.
• ♿ The value of passports offering access to the Schengen area may decrease if countries offering citizenship by investment lose Schengen access.
• 🇫🇷 Countries like France and the EU can influence the future of citizenship by investment programs by pressuring other countries to cancel or restrict them.
• 💼 Obtaining residency permits or citizenship in other countries can provide added security in case of restrictions or changes to existing citizenship by investment programs.
• 🥺 Mainstream awareness of citizenship by investment is increasing, leading to potential challenges in traveling and living on such passports.

Questions & Answers

Q: What are some potential scenarios for the future of citizenship by investment programs?

One scenario is that countries may be forced to cancel their programs due to pressure from countries that want to protect their visa-free access rules. Another scenario is that countries will continue their programs but lose access to certain areas, resulting in the need for additional visas.

Q: How might countries like France and the EU influence the future of citizenship by investment programs?

These countries can exert pressure on countries offering citizenship by investment programs to cancel or restrict them in order to protect their own visa-free access rules.

Q: Will the value of citizenship by investment passports decrease if certain countries lose access to the Schengen area?

The value of passports allowing access to the Schengen area may indeed decrease if countries offering citizenship by investment programs lose Schengen access. This could lead to a decrease in the investment amounts required for acquiring such passports.

Q: Is the citizenship by investment industry likely to continue in the future?

While there may be changes and restrictions, the demand for citizenship by investment is expected to continue. However, it is advisable to consider obtaining additional passports through investing or residency in other countries for added security.

Summary & Key Takeaways

• Some countries may be pressured to cancel their citizenship by investment programs due to potential bullying by countries like France and the EU that want to protect their visa-free access rules.

• Another possibility is that countries will continue their passport programs but lose access to certain areas, such as the Schengen area, resulting in the need for additional visas for passport holders.

• Despite potential changes and restrictions, the demand for citizenship by investment is expected to continue, with the industry possibly evolving with more mainstream attention and the need to obtain multiple passports for increased security.