Golden Visas in the UAE:
The United Arab Emirates (UAE) is one of the most popular destinations for golden visa applicants. In the first half of 2023, Dubai reported a 52% increase in the number of golden visas issued to foreign investors. This is likely due to a number of factors, including the UAE’s strong economic growth, its attractive business environment, and its high quality of life.
Golden Visas in the EU:
Golden visa programs are also popular in the European Union (EU). However, some EU countries are considering restricting or even abolishing their golden visa programs due to concerns about money laundering and security risks. For example, Portugal is in the process of ending the real estate option of its golden visa program.
Golden Visas in the Caribbean:
Golden visa programs are also available in the Caribbean. These programs are popular among investors who are looking for visa-free access to the Schengen Area and the United States. However, the Caribbean citizenship by investment (CBI) programs are facing increasing scrutiny from the US and EU, which are demanding stricter due diligence and higher investment thresholds.
Conclusion:
Despite the challenges facing some golden visa programs, the global RCBI industry is having a record-breaking year. This trend is likely to continue in the near future, as more and more global investors seek residency rights in other countries.
