The people of Hong Kong can be seen as the catalyst of the Global Citizen industry.
During the handover of Hong Kong in the 1980s, the people of the British colony anxiously searched for alternative places to live. Thousands of them chose to move to immigrant friendly Canada; particularly to Vancouver and Toronto, and with them they brought skill, talent, enthusiasm, and investment.
Over time; attracted by family ties and job opportunities, many of them migrated back home. According to the South China Morning Post, that reverse tide has turned again with Canada’s Hong Kong-born population, which is seeing an increasing for the first time since 1996. Academics say that political upheaval, personal factors and the ageing of Canadians in Hong Kong are behind the new phenomenon of double-reverse migration.
There is no doubt that the recent tension in Hong Kong is playing a part in people returning to Canada – or in fact, looking for other jurisdictions to invest. It has become clear that it will be difficult for them to keep the same level of civil liberty that they enjoyed in the past. Given the somewhat draconian tactics of the Chinese communists, many Hongkongers that are used to a high level of autonomy, may seek new places, should the condition of their civil freedom deteriorate further.
Since the late 1980s, there are a wealth of nations leading citizenship-by-investment programs, ranging from Caribbean islands such as Antigua & Barbuda and Grenada, the United States and the United Kingdom, and European countries such as Montenegro, Portugal, and Cyprus.
The cost of such investments range from US$250,000 to US$2 million, depending on the jurisdictions. And while not all passports are equal, many nations’ passport-holders are quite restrictive in their global mobility, being forced to obtain visas whenever they need to travel abroad. A second passport can offer these individuals increased global freedom and mobility. For example, Pakistan’s passport allows visa-free entry into only 26 countries, whereas the Cyprian passport allows visa-free entry to 145 countries.
The vast difference observed in the Global Mobility Score of these passports equates to unmatched benefits, which include saving an incredible amount of time filing visa applications and making the travel process seamless for businesspeople around the world.
Next month, our team is eager to come to Hong Kong to showcase the opportunities and advantages that arise when investing in a second citizenship. Whether it be security, mobility, opportunity, freedom, safety, or education, there are innumerable compelling reasons to secure a brighter future for your family, and your business by becoming a global citizen.