COVID Effects On Citizenship Migration

The world has changed a bit in the past couple of years. Almost every aspect of our lives has been affected by the pandemic, from how we work to how we socialize.

And if experts are to be believed, in some cases the COVID has also had an impact on where we want to live!

According to citizenship and migration experts the past 2 years have seen three Cs driving wealth and investment migration: Covid, climate change, and cryptocurrency. In 2022, a fourth C has abruptly emerged: Conflict in Europe.

Interestingly, many nations launched newer programs attracting those looking for alternate more lucrative options for settling down their families. The COVID has also seen a significant spike in the supply side of investment migration.

Dr Juerg Steffen, an investment migration industry expert and CEO of Henley & Partners, a global residence investment firm, says, “The pandemic has also seen a significant spike in the supply side of investment migration.”

“Over the last 2 years, many countries have created new programs or improved existing options to attract high-net-worth individuals, investors, or talented individuals,” he says.

Nirbhay Handa, a citizenship and immigration expert says, “Investment migration continues to surge in South Asia, with the concept rapidly gaining greater public acceptance.”

“Our offices saw a 52% increase in client enquiries in 2021 compared to 2020 across South Asia, and 2022 looks to be another year of significant growth,” Handa noted.

“The premise of this approach, by investment programs, is to improve a country’s public finances and support its economic growth and employment creation without increasing its debt,” adds Steffen.