It is important that financial advisors and wealth managers inform their clients of the benefits of second citizenships, including issues related to international diversification of financial assets as well as personal assets.
For the past several months, the global markets have shifted into unpredictable financial territory. Nonetheless, a recent data report by Wealth-X found that the amount of global high-net worth individuals is continuing to steadily increase and establishing an expanding potential investor base to match the growing number of countries offering high-net worth investors second citizenship.
These programs have doubled in the past 5 years and tend to vary worldwide, however, most offer one of the following categories: investment in private sector assets, such as real estate or a business venture; investment in an entity or instrument issued by the government, such as a bond or promissory note; and, contributing to a government development fund.
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