According to a report by the International Monetary Fund (IMF), the phenomenon of securing a second identity is increasingly prevalent in the post-pandemic era. With the rapid growth of private wealth, particularly among high-net-worth individuals in emerging market economies, there is a growing interest in global mobility and visa-free travel, leading to a surge in demand for investment in second citizenship.
Additionally, data from Knight Frank indicates that as of 2020, there were approximately 522,000 ultra-high-net-worth individuals globally with a net worth of at least $30 million. Despite a decrease in travel demand during the pandemic, nearly one-quarter of ultra-high-net-worth individuals are planning to seek a second identity. Similarly, a report by CNN noted that the demand for second identities among the wealthy surged during the pandemic due to concerns about travel, health, and safety.
Undoubtedly, in the context of the globalization of asset allocation, high-net-worth individuals are broadening their horizons. They are not only competing for wealth but also for identity. Having a second identity means more choices in overseas investment, global travel, children's education, retirement planning, and wealth inheritance, allowing individuals and their families to retain more options, which is certainly more beneficial than detrimental!
So, for investors, with so many second identity programs available in the market, how should one choose? What immigration projects do high-net-worth individuals prefer when securing a second identity? What underlying needs are hidden behind the large number of wealthy individuals seeking a second identity? Why is a second identity considered a "necessity" in life planning's PLAN B? What does having a second identity mean? What are the benefits? Please tune in to the "WorldWay Immigration Live Room," where senior immigration experts will reveal insights online. Don't miss it!
Live Broadcast Announcement
December 9th (Thursday) at 15:00
In the Post-Pandemic Era
Why Are High-Net-Worth Individuals Worldwide Keen
on Securing a Second Identity?
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