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However, those who fall outside this bracket and hope to conduct business or travel for leisure to the UAE will have to continue to wait for the restrictions to be lifted. Since April, ex-pats in India have been left in limbo overseas, with many forced to re-evaluate their options. The need to have alternative solutions has become more apparent than ever for those facing limited mobility, not only impacting business but jeopardizing family safety.
Since the onset of the pandemic, there has been a spike in demand for second citizenship as a tool that can be leveraged to diversify assets whilst also providing a safety net during times of uncertainty. According to data, there have been as many as 5,000 high net-worth Indians who have left the country since 2020. In conjunction, there has been a sharp incline in interest for Citizenship by Investment (CBI) – a process that confers citizenship to an applicant and additional dependants once an economic contribution is made to a host country.
”As governments become more insular and impose stricter visa controls, the opportunity to travel and do business globally is considerably hampered. So, Citizenship by Investment is a wonderful way to reverse that as it gives the Indian national better access to travel and business opportunities,” says Micha Emmett, CEO of CS Global Partners – a global investor immigration firm specializing in providing citizenship solutions.
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