The Global Citizen

Today's high-net-worth families are globally mobile, travelling from country to country for business and personal reasons. Gaining access to different jurisdictions requires some planning and financial commitment. Many will consider a visa, but some will want more certainty in the arrangement. The reasons to gain multiple passports vary from case to case, but the reasons include political instability, wealth diversification, residential uncertainty, expanding educational and career choices for heirs, status, personal or business protection, or sometimes it is even the threat of war. Overall, families may seek an alternative plan that may never be called upon, but the alternative path has been prepared and is there if needed. It is about creating options; a second or third passport can be very useful to some.

Various official programs by governments allow entry for a cost, a cost that is clearly defined at the outset. It is important to understand the rules and how gaining access to specific jurisdictions often has direct and indirect benefits. Global mobility is increasing in demand by high-net-worth families.

Enquire to discover which options are most relevant for your family. Alternatively, click here to learn more about Hong Kong's CIES programme.