The Middle East’s Ultra-rich Seek Bulgarian / Caribbean Citizenship or Second Passports (KT)
As an emerging market, the Middle East has the largest growth of high-net-worth people in the world, but many face travel or business obstacles because of their citizenship – especially if their country faces political and economic turmoil, like Egypt, Syria or Lebanon. According to an article in the Khaleej Times, the highest number of wealthy business people seeking second citizenship comes from Pakistan, followed by Lebanon, Egypt and Syria.
The ability to move freely through Europe together with a low income-tax rate makes citizenship in Bulgaria popular while the Caribbean is the second-most in-demand area for second citizenship because of the low cost of investment, fast-track programmes and very little requirement to actually reside in your second citizenship country.
Read the whole article, Middle East’s ultra-rich eye second nationality, in the Khaleej Times.
- YPO CEO Survey: UAE Business Confidence Declines Significantly (YPO)
- Podcast: A View on the Lebanese Investment Landscape (Union Bancaire Privée)
- MENA Market Outlook: Managing the Economic Fallout (Franklin Templeton)
- How MSCI’s Removal of Qatar & UAE Impacts the Frontier Markets Landscape (MM)
- What’s Ahead for the MENA Region? (Franklin Templeton)
- Just Say No – China Has Sprung a Debt Trap on Many Developing Countries (Financial Times)
- Five Emerging Markets Squeezed by Currency Pegs (Bloomberg)
- Investing Beyond the Storm: A View from the MENA Region (Franklin Templeton)
- What’s Next for Emerging Markets and the Dubai Stock Market? (Gulf Business)
- MENA Equities: Why Long-Term Investors Should Stay the Course (Franklin Templeton)
- Saudi Arabia’s Tadawul Stock Market and Foreign Investment (AFC)
- Online Travel Booking Revenue from Emerging Markets is Surging (Travel Weekly)
- Egypt Insight: Four Tailwinds for Economic Growth in 2018 (Bloomberg Economic Insights)
- Nielsen Global Survey of Consumer Confidence for Q1 2015
- What the HSBC Earnings Report Tells Us About Emerging Markets (Forbes)