Wall Street financial tycoon Jim Rogers stated in a media interview: In the next decade, having only one passport is very dangerous; owning a second passport will give you a second chance at survival. Before Rogers, the richest man in China, Li Ka-shing, also mentioned in an interview: "It is not surprising that some people have two or three passports. My company's business involves 57 countries, so I use whichever passport is convenient."
As these two tycoons have said, there are many uncertainties in the future, and having an extra passport is a good precaution. For high-net-worth individuals, owning a second passport means having more choices in global asset allocation, expanding overseas investment markets, business travel, and children's education.
Asset Allocation, Identity First
Warren Buffett once famously said: "How much money a person can accumulate in their lifetime does not depend on how much they can earn, but on how they invest and manage their wealth."
The story of "don't put all your eggs in one basket" tells us that in real life, many people concentrate all their investments together because they do not understand investment risks, and as a result, once they fail, there is no room for recovery.
Therefore, when investors plan their assets globally, having a convenient identity is an essential condition!
As we all know, there are many drawbacks to global asset allocation with a single identity. Obtaining an overseas identity not only allows for more convenient access to more overseas markets but also enables the selection of richer and more reasonable investment tools for asset allocation, thereby achieving long-term returns!
Identity Planning Concerns Seven Major Life Plans
Currently, the trend of internationalizing asset allocation is becoming increasingly obvious. Investors have gradually shifted from purely wealth planning considerations to identity planning—Asset Allocation, Identity First. Identity planning concerns seven major life plans: education planning, wealth planning, business planning, tax planning, legal planning, retirement planning, and health planning! In 2019, more investors will make immigration decisions due to the needs of identity planning, and identity planning will become an important motivation and a new trend for investment immigration.
Market research data shows that $2 billion is spent annually worldwide on passport processing, and this demand is increasing at a rate of 15-20% per year. The New York Times has also conducted surveys, noting that these wealthy individuals spend an average of $2 billion annually to obtain second or third passports and visas.
Furthermore, according to Knight Frank survey data, 34% of ultra-high-net-worth individuals—defined as those with a net worth exceeding $30 million—already possess a second passport. Among the respondents surveyed in the report, 29% indicated that they plan to obtain another citizenship.
With the rise in demands for global asset allocation, global travel, children's education, and wealth inheritance, wealthy individuals around the world are considering their overseas investments and immigration more comprehensively, and their thinking is becoming more mature. Owning an overseas identity has become mainstream!
How to obtain a second passport?
There are many types of passport programs on the market; how should one choose? As a leading investment immigration institution and one of Asia's Top 500 Brands, WorldWay Group uses its 22 years of practical experience to select the highest quality projects for investors, find the most suitable immigration countries, and help investors realize their dream of an international lifestyle based on identity planning!
WorldWay immigration experts, with their forward-looking vision, have tailored and selected ten passport programs for you, including Turkey, Cyprus, Malta, Moldova, Saint Kitts and Nevis, Dominica, Saint Lucia, Antigua and Barbuda, Vanuatu, and Grenada, saving you the trouble of choosing!
At the same time, WorldWay can also provide more choices, offering you specialized, personalized, and refined high-quality services on the road to "identity planning." If you are interested in immigrating overseas, please contact WorldWay Group as soon as possible. For details, please consult: 400-138-2929