A Shrinking World: Global Citizenship for UHNW Individuals
In a report released by Arton Capital and Wealth-X, nearly 60% of applicants for second citizenship or second residence programs come from the Middle East, but Asia is the new frontier with ultra wealthy Chinese and Indian nationals and non-residents likely to spur demand for these programs in the next five years.
These are some of the key findings of a joint special report released today by Wealth-X, the world’s leading UHNW intelligence and prospecting firm, and Arton Capital, the global citizenship experts, at a Dubai forum on global citizenship.
Global citizenship programs offer individuals and their families residency and citizenship options in a host country, with economic investment in a pre-defined list of assets within the country as a precondition.
The report, titled A Shrinking World: Global Citizenship for UHNW Individuals, also showed that the average net worth of a second citizenship applicant is well above the global average for UHNW individuals. Second citizenship applicants have an average net worth of US$205 million, compared to the global UHNW average of US$135 million.
The report also revealed that applicants have better liquidity, more than US$66 million per person, nearly double the global average of US$35 million. This means that these individuals can easily meet all the requirements for citizenship or immigrant investor programs with their liquid investments.