• Latest
  • Trending

September 19, 2020
ARISE XCHANGE

ARISE XCHANGE

January 22, 2021
Ethiopia Drops Gun Charges Against Media Mogul Jawar Mohammed

Ethiopia Drops Gun Charges Against Media Mogul Jawar Mohammed

January 22, 2021
Court Orders Nigerian Senator Be Remanded Over Former Pension Boss Disappearance

Nigeria’s Supreme Court Dismisses Appeal By Abacha’s Family to Access Frozen Foreign Accounts

January 22, 2021
Trump’s Trial for ‘Inciting Insurrection’ to Start Monday

Trump’s Trial for ‘Inciting Insurrection’ to Start Monday

January 22, 2021
Russia Welcomes US Proposal to Extend Nuclear Treaty

Russia Welcomes US Proposal to Extend Nuclear Treaty

January 22, 2021
Twin Suicide Bombings Kill At Least 23 in Iraqi Capital Baghdad

Islamic State Claims Responsibility for Twin Suicide Blasts in Baghdad

January 22, 2021
Japan Vaccination Uncertainty Casts Doubts Over Olympics    

Japan Vaccination Uncertainty Casts Doubts Over Olympics  

January 22, 2021
Comedian Dave Chappelle Tests Positive for Covid-19, Shows Canceled

Comedian Dave Chappelle Tests Positive for Covid-19, Shows Canceled

January 22, 2021
Germany’s Covid-19 Death Toll Tops 50,000

Germany’s Covid-19 Death Toll Tops 50,000

January 22, 2021
UN Expresses Concern Over ‘Disturbing Rape Reports in Tigray’

UN Expresses Concern Over ‘Disturbing Rape Reports in Tigray’

January 22, 2021

Nigeria Can Defeat Kidnappings Within Three Months Using Drones, Says Surveillance Expert

January 22, 2021

Nigeria: Former Electoral Commission Boss Jega Calls for Scrap of ‘Unnecessary’ Federal Ministries

January 22, 2021
ARISE Newsday

ARISE Newsday

January 22, 2021
UN Expresses Concern Over ‘Disturbing Rape Reports in Tigray’

UN Expresses Concern Over ‘Disturbing Rape Reports in Tigray’

January 22, 2021
#Watch: I Proposed That We Send Goodluck Jonathan to Help Trump Come to Terms With Losing Election – Wole Soyinka

Soyinka: ‘No Difference’ Between Trump and Uganda’s Museveni

January 22, 2021
#Watch: I Proposed That We Send Goodluck Jonathan to Help Trump Come to Terms With Losing Election – Wole Soyinka

Trumps’s Sole Agenda Was to Dismantle Obama’s Legacy

January 22, 2021
Global Business Report

Global Business Report

January 22, 2021

Morning Show

January 22, 2021
Next James Bond Film Delayed for Third Time Due to Covid-19

Next James Bond Film Delayed for Third Time Due to Covid-19

January 22, 2021
Restructuring Alone Can’t Solve Nigeria’s Problems, Former President Jonathan Says

Restructuring Alone Can’t Solve Nigeria’s Problems, Former President Jonathan Says

January 22, 2021
Bitcoin Breaks Above $20,000 for First Time

Bitcoin Slide Continues, Heads for Worst Week Since March 2020

January 22, 2021
Nigerian Nurses Raise the Alarm over Inadequate Medical Personnel for Covid-19 Vaccination

Nigerian Nurses Raise the Alarm over Inadequate Medical Personnel for Covid-19 Vaccination

January 22, 2021
Chinese Rescuers Hope to Drill Shaft to Free Trapped Gold Miners

Trapped China Gold Miners Have to Wait 15 Days for Rescue

January 22, 2021
Finance Minister Says Nigeria Taking $750m World Bank Loan on Behalf of States, Blames Transport Costs for Inflation

Nigeria Approves $17m for 38 New Oxygen Plants Nationwide

January 22, 2021
Buhari Approves Another Five-year Term for Nigeria Ports Boss Hadiza Bala Usman

Stakeholders Hail Reappointment of Bala-Usman as Nigeria Ports Boss

January 22, 2021
Court Sets Aside Death Sentence on Kano Singer, Orders Retrial   

Court Sets Aside Death Sentence on Kano Singer, Orders Retrial  

January 22, 2021
Nigeria: Zamfara Governor Denies Ruling Party’s Accusation of Sponsoring Bandits

Nigeria: Zamfara Governor Accuses Traditional Rulers of Sabotaging Peace Efforts

January 22, 2021
Google Threatens to Withdraw Search Engine from Australia

Google Threatens to Withdraw Search Engine from Australia

January 22, 2021
US House Lawmakers Set to Impeach Trump For Historic 2nd Time

Republicans Seek Delay Until February to Give Trump ‘Fair’ Impeachment Trial

January 22, 2021
#EndSARS: Buhari Promises Extensive Police Reforms

Buhari Demands Stricter Measures to Tackle Tax Evasion in Nigeria

January 22, 2021
en English
ar Arabiczh-CN Chinese (Simplified)nl Dutchen Englishfr Frenchde Germanit Italianpt Portugueseru Russianes Spanish
No Result
View All Result
Saturday, January 23, 2021
Arise News
  • HOME
  • Breaking
  • Global
  • Regional
  • US ELECTION
  • BUSINESS
  • Politics
  • Entertainment
  • Sports
  • TECH
  • Health
  • VIDEOS
  • Covid-19 Updates
Arise News
  • HOME
  • Breaking
  • Global
  • Regional
  • US ELECTION
  • BUSINESS
  • Politics
  • Entertainment
  • Sports
  • TECH
  • Health
  • VIDEOS
  • Covid-19 Updates
No Result
View All Result
Arise News
No Result
View All Result
Home Latest

Covid-19 Triggers Nigerian Interest in Investment Migration

September 19, 2020
Reading Time: 4min
0 0
0
Share on FacebookShare on Twitter

The massive volatility driven by Covid-19 has pushed the steady growth in investment migration into overdrive, with a nearly 50 per cent increase in enquiries in the first half of 2020, compared to the same period last year.

Due to the uncertain outlook of the Nigerian economy, clients are predominantly seeking alternative citizenship options to secure their wealth and their families’ future, with specific interest in Caribbean programs from Antigua and Barbuda, St. Kitts and Nevis and Grenada.

Private investors who prefer to invest in Europe are attracted to Portugal’s residence-by-investment (RBI) program and Montenegro’s CBI program.

“The tumultuous events of 2020, including the unplanned pause during the Great Lockdown, have resulted in people from all walks of life re-evaluating their circumstances and reconsidering how they wish to conduct their lives and — for those fortunate enough — choosing where they want to live by opting for investment migration,” said Henley & Partners Director of Private Clients and Head of Nigeria Stuart Wakeling.

“Many are taking stock and ensuring they are better prepared for the next pandemic or major global disruption. The relentless volatility in terms of both wealth and lifestyle has resulted in a significant shift in how alternative residence and citizenship are perceived by high-net-worth investors around the world.”

In terms of the total number of enquiries made in the first six months of 2020, Indian nationals outstripped all other nationalities by a long stretch. Henley & Partners received 96.5 per cent more enquiries from Indian nationals than Nigerian nationals, who were placed second, followed by Pakistan and, startlingly, the US.

In terms of quarterly growth in the numbers of enquiries between Q1 and Q2 2020, the sharpest rise was seen in Nigeria. Henley & Partners recorded an astonishing 185 per cent increase in enquiries from Nigerian citizens between the first two quarters, and increases of 48 per cent, 46 per cent, and 40 per cent from South African, Pakistani, and Bangladeshi nationals, respectively, while the growth in enquiries from Indian nationals was an impressive 28 per cent — all on the back of healthy Q1 enquiry levels.

Perhaps the most remarkable Covid-related shift, however, was the huge spike in enquiries from Americans along with growing interest from Canadian and UK nationals.

Commenting in the recently released Henley Passport Index Q3 Report, Assistant Professor of Sociology at Tel Aviv University in Israel, Prof. Dr. Yossi Harpaz, says the Covid-19 crisis has caused the world’s premium passports to lose some of their shine.

“For decades, visa policies were designed to keep out illegal immigrants, asylum seekers, and terrorists. Citizens of wealthy and democratic countries — including Canada, the US, and Western European nations — apparently posed no such risks and enjoyed extensive visa-free travel throughout the world.

“In the current crisis, a new category of risk has emerged: the spreader. Since the US and Western Europe were among the world’s hardest hit areas, their citizens faced stringent mobility restrictions. This is, of course, a temporary situation, but in the long run it is likely to erode the prestige of EU and Western passports,” predicts Prof. Harpaz.

“Once ‘nice-to-have’ assets of convenience and privilege that enhanced travel freedom and provided vacation or second homes, alternative residence and citizenship have rapidly become ‘must-have’ essential assets, not just to survive, but to thrive in the 21st century,” says Henley & Partners Group Head of Sales Dominic Volek, who points out that 19 of the G20 nations offer some form of mechanism to encourage inward investment in exchange for residence rights. The 20th member is the EU, and 60 per cent of EU member states offer investment migration options.

Discussion about this post

  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2020 Arise News - Part of the Arise Media Group.

No Result
View All Result
  • HOME
  • Breaking
  • Global
  • Regional
  • US ELECTION
  • BUSINESS
  • Politics
  • Entertainment
  • Sports
  • TECH
  • Health
  • VIDEOS
  • Covid-19 Updates

© 2020 Arise News - Part of the Arise Media Group.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist