The global Citizenship by Investment (CBI) industry is expected to reach $100 billion over the next three years, and interest in applying for second citizenship in prominent CBI regions such as Portugal and Caribbean countries is growing significantly. There are many reasons why people apply for a Citizenship by Investment (CBI) program, and most of these programs are well-established and attractive, offering great ease of travel.
The current total size of the residence and citizenship market is US$21.4 billion, and this number is increasing year by year. If current expansion continues, the market will total $100 billion by 2025. Mobility is the biggest motivating factor for those who take advantage of visa-free travel, which gives them the freedom to move around during holidays and trade events without having to fill out lengthy visa paperwork and seek appointments at visa offices.
The Portugal Golden Visa is a big winner for the CBI and is emerging as a leading project. The Portuguese capital Lisbon ranks among the top residential markets in the world due to its appeal to tourists. Portugal's golden visa program allows third-country nationals to stay in the country as long as they make a specific amount of investment and meet the required conditions. After holding Portuguese property for five years, Golden Resident Visa holders are entitled to obtain Portuguese citizenship. Once investors benefiting from such schemes become Portuguese citizens, they are eligible to live, stay, work and retire anywhere in Europe. Part of Portugal's appeal to internationals is the many opportunities the country offers for international companies, and it is one of the most visited countries in Europe.
American interest in European CBI has increased significantly recently. According to previous reports by " Daily Mail ", CBI projects in European countries, such as those in Portugal, Austria and Malta , are most attractive to Americans. A variety of factors, including the spread of the coronavirus, the current political situation and uncertainty caused by climate change, have led many to look to CBI programs as a second plan to help them and keep their families safer. It was previously reported that from 2011 to 2019, a total of 130,000 EU member states that implemented the golden passport and golden visa programs benefited from such programs, generating more than 21.8 billion euros in revenue.
