Global mobility, permanent residency and second passport
Globalisation has created a new class of mobile citizens seeking multiple nationalities. Thailand’s economy and overseas investments has grown steadily over the last 10 years. Thai passport still bears restriction in terms of restrictions. While Thai people are recognized for their friendliness and spending power, as of 1 January 2017, Thai citizens have visa-free or visa on arrival access to 71 countries and territories, ranking the Thai passport 67th in terms of travel freedom. A permanent residency (PR) or second nationality provides the high net worth individuals (HNWIS) holding a passport that does ranked high with a way to pursue business, financial and personal opportunities in geographies with political and economic stability and better overall quality of life. An additional passport can facilitate residency abroad, ease of travel and access to, and mobility of, personal assets.
Citizenship by Investment Programmes
Obtaining a PR or a 2nd passport has never been easier especially with Citizenship by Investment Programs (CIPs). While there are many ways to immigrate to a foreign country, CIPs are typically the fastest and most straightforward means to a second passport for most HNWIs and their family members. The specifications of different programmes vary by country, allowing foreigners to invest in real estate projects and businesses, to purchase properties, or to donate money directly to a country’s governmental fund in exchange for citizenship and its inherent rights. On the practical front, investing in an alternative residence or citizenship, acquiring a second passport, is seen as an instrument of financial and personal security.
fast-track citizenship programme
A growing number of HNMIs seek additional passport for asset protection, minimization of taxes, better tax planning, as well as an insurance in the event of economic and social upheaval or unstable, confiscatory political regimes. Where instability reigns, assets are at greater risk. Who would not be tempted by the right fast-track citizenship program, which can provide a second passport that allows visa-free access to major regions and countries in the world, including stable jurisdictions such as the Schengen states, the United Kingdom, Singapore, and even China? For many, such open doors are well worth the price, and even considered a bargain. Today’s HNWIs are spoiled for choice as to where they can acquire their new residency or citizenship.
United-States permanent residence (USA Visa E2)
Let’s start with a brief overview of where Thai citizens are interested into, USA offers permanent residency through an investment in a “business at risk “and creating 10 jobs currently set at USD5000,000. Thailand is also a VISA E2 country and Thai Citizens can enjoy a 2 years’ renewable visa to the US as long as they keep the business they created on US soil. Australia grants permanent residency with an investment starting at 1.5 mil. AUD and Canada at USD 250,000 (approx.). UK is a much expensive destination: