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.
Similar Posts:
- Blocked in the West, Huawei Eyes Emerging Markets (Asia Times)
- Credit Suisse: Saudi Arabia and Qatar Set to Lose Big After UBS Deal (Middle East Eye)
- YPO CEO Survey: UAE Business Confidence Declines Significantly (YPO)
- Turkey – Taking Stock in Times of Change (Undervalued Shares)
- What’s Ahead for the MENA Region? (Franklin Templeton)
- MENA Market Outlook: Managing the Economic Fallout (Franklin Templeton)
- Podcast: A View on the Lebanese Investment Landscape (Union Bancaire Privée)
- What the HSBC Earnings Report Tells Us About Emerging Markets (Forbes)
- Saudi Arabia’s Tadawul Stock Market and Foreign Investment (AFC)
- MENA Equities: Why Long-Term Investors Should Stay the Course (Franklin Templeton)
- Online Travel Booking Revenue from Emerging Markets is Surging (Travel Weekly)
- Frontier Markets Are a Backdoor Oil Trade (CNBC)
- Five Emerging Markets Squeezed by Currency Pegs (Bloomberg)
- CIRA Education (EGX: CIRA): Record Revenues and Minimal Margin Contraction Amid High Inflation
- 3 Emerging Market Risks Companies Should Watch for in 2018 (Harvard Business Review)
