Citizenship-by-Investment Schemes Becoming a Booming Global Business

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The Economist has distributed reports presenting the booming worldwide industry currently offering citizenship and or residency visas HNWIs and foreign investors.

Over 100 countries around the world are offering visas in exchange for investment ventures; with 12 others offering citizenship including Cyprus, Malta and Austria, with Moldova and Montenegro to be planning similar schemes shortly. The 2 new European newcomers are proceeding with plans in spite of the EC’s ongoing investigations into the business.