分类: covid

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Remote-Work Adaptations Likely to Outlast Pandemic Say Industry Executives

By and large, as the pandemic compelled companies globally to become more flexible in the way they work, investment migration businesses took the challenges in stride and have been able to adapt without undue disruptions to productivity. Many of these adaptations will become permanent,

Only 14% of respondents in this year’s Investment Migration Executive Survey indicated work-from-home arrangements had negatively impacted employee productivity, while fully four in ten strongly disagreed that output had suffered because of such distancing measures. 

Widespread disgruntlement with Zoom-calls early in the pandemic notwithstanding, IM professionals appear to have grown accustomed to them after long periods away from the office; only a third of respondents disagreed that they had been a “reasonable substitute for in-person meetings.”

Opinions among IM executives, however, were more split regarding what happens to the new work patterns once the pandemic is in the rear-view mirror. Among those who had expectations one way or the other, half foresaw that such remote-work arrangements would permanently reduce their need for office space. In contrast, the other half predicted the opposite, indicating they consider an office presence an advantage for reasons unrelated to worker productivity.

A slim majority (53%) of respondents believed their firms would revert to pre-pandemic levels of live event participation once and if international travel returns to what in 2019 was considered normal. 29% signaled that new, virtual conference habits would allow them to reduce their spending on in-person event participation beyond the near-term, an observation that should concern event organizers.

50% of respondents expected business travel expenditure overall not to return to pre-pandemic levels even after the end of the crisis, while less than a third expressed confidence they’d spend as much time on the road as before once they are able to.

In the Investment Migration After COVID report, you can see the complete results of the 2021 Investment Migration Executive Survey, get an overview of which programs have been the relative winners and losers of the pandemic year, and learn how dozens of the leading executives in the investment migration market believe the market has, and will, change as a consequence of COVID.

The report attempts to identify the most consequential transformations that have taken place in the investment migration market over the last year, to prognosticate as to which marks 2020 will leave on the market in the long run, and to outline how industry professionals can prosper in the new investment migration market.

Investment Migration After COVID - Trends and Outlook 2021

Investment Migration After COVID tells the story of what we expected to happen after the pandemic, compares that to what happened, and highlights what dozens of leading investment migration executives anticipate will change in the years ahead.

  • Findings of the April 2021 Investment Migration Executive Survey©
    • How pandemic-related government restrictions have affected the service deliverability;
    • How the pandemic has affected demand;
    • Which source markets are growing the fastest;
    • How client's preferences have changed as a consequence of the pandemic,
    • In which regions IM companies are planning to open new offices;
    • Which programs have risen and fallen the most in popularity over the last year;
    • Which programs were the best-sellers in the last year, and which are expected to be the best-sellers in the next year; and
    • Which application processing units were the most efficient in 2020.
    • How companies have adapted to new work habits necessitated by the pandemic, such as working remotely, reducing travel and in-person event attendance, and the degree to which such changes are likely to persist in the long term.
  • A review of the April 2020 COVID Market Impact Survey©
    • How IM executives expected the pandemic to impact demand compared to what actually happened;
    • How demand has changed between April 2020 and April 2021; and
    • What IM executives expected to happen with border restrictions compared to what actually happened.
  • An interview with Nestor Alfred of the Saint Lucia CIU
    • How did the Unit change its policies to go from being a laggard to being the most efficient CIU, according to IM executives?
  • The mega-trends driving the transformation of the IM market after COVID
    • The West wakes up to investment migration;
    • Crypto-millionaires: The new new rich;
    • The race to digitize and remote-enable program processing;
    • Beyond visa-free travel;
  • How major investment migration programs performed in 2020
    • The winners and losers of the pandemic.
  • The biggest differences between the IM market before and after COVID, according to industry leaders
    • Stefan Kraus, COO of Henley & Partners;
    • Jean-François Harvey, Global Managing Director of Harvey Law Group;
    • Eric G. Major, CEO of Latitude;
    • Mohammed Asaria, Founder of Range Developments;
    • Micha-Rose Emmett, CEO of CS Global Partners;
    • Nicholas Stevens, Managing Director of NTL Trust;
    • David Lesperance, Managing Partner of Lesperance & Associates;
    • Paul Williams, CEO of La Vida Europe; and
    • Sam Bayat, Founder of Bayat Legal Services.

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More than one in four Iranians, 22% of Pakistanis, 16% of Indians, and 13% of Egyptians have historically been turned away. No Brazilians have ever been rejected.

Following the initial shock in spring 2020 that sent inquiry volumes plummeting worldwide, investment migration has emerged from the pandemic stronger than ever.

In our annual survey, industry executives identified the Saint Lucia CIU as the most efficient processing unit last year. CIU-boss Nestor Alfred shares details of the turnaround operation in this interview.

 

The post Remote-Work Adaptations Likely to Outlast Pandemic Say Industry Executives appeared first on Investment Migration Insider.

COVID, Ultimately, Benefited Investment Migration Industry, 2021 IM Executive Survey Responses Show

COVID’s impact: Expectations vs. reality
In April 2020, at the height of the first European wave of COVID, matters looked very bleak for the investment migration business. In our COVID-19 Market Impact Survey© at the time, we asked respondents to tell us how the pandemic had impacted their inquiry volume, as well as what effect they expected the pandemic would have on demand once the emergency had subsided.

While in April 2020, 55% of firms conceded that inquiry volumes had dropped following the onset of the pandemic, they simultaneously made bullish predictions as to the plague’s long-term influence on demand for residence and citizenship by investment. 

As we now can see with the benefit of hindsight, that prognosis turned out to be almost precisely correct. While the public health situation remains arguably as disastrous as in April 2020 (albeit with considerable regional differences), IM firms’ fortunes have taken a remarkable turn for the better.

Inquiry volumes have recovered from the early disruption, which now appears to have been short-term in nature. 71% of service providers said the number of inquiries they receive is not only far higher today than at the height of the first European and Amerian waves, but also greater than before the onset of COVID-19 altogether. Only 2% of respondents said inquiries had fallen.

The observations serve to demonstrate, once more, as we have previously argued on IMI, that investment migration is in the enviable position of being an anti-fragile industry.

The initial shock of the first truly international health crisis in over a century, combined with heavy-handed and comprehensive government intervention, paralyzed the investment migration market in the spring of 2020. As soon HNWIs had had a chance to assess the impact on their portfolios, however, and learned that neither the stock market nor housing prices had collapsed, interest in investment migration returned with redoubled vigor.

In the Investment Migration After COVID report see the complete results of the 2021 Investment Migration Executive Survey, get an overview of which programs have been the relative winners and losers of the pandemic year, and learn how dozens of the leading executives in the investment migration market believe the market has, and will, change as a consequence of COVID.

The report attempts to identify the most consequential transformations that have taken place in the investment migration market over the last year, to prognosticate as to which marks 2020 will leave on the market in the long run, and to outline how industry professionals can prosper in the new investment migration market.

Investment Migration After COVID – Trends and Outlook 2021

Investment Migration After COVID tells the story of what we expected to happen after the pandemic, compares that to what happened, and highlights what dozens of leading investment migration executives anticipate will change in the years ahead.

  • Findings of the April 2021 Investment Migration Executive Survey©
    • How pandemic-related government restrictions have affected the service deliverability;
    • How the pandemic has affected demand;
    • Which source markets are growing the fastest;
    • How client’s preferences have changed as a consequence of the pandemic,
    • In which regions IM companies are planning to open new offices;
    • Which programs have risen and fallen the most in popularity over the last year;
    • Which programs were the best-sellers in the last year, and which are expected to be the best-sellers in the next year; and
    • Which application processing units were the most efficient in 2020.
    • How companies have adapted to new work habits necessitated by the pandemic, such as working remotely, reducing travel and in-person event attendance, and the degree to which such changes are likely to persist in the long term.
  • A review of the April 2020 COVID Market Impact Survey©
    • How IM executives expected the pandemic to impact demand compared to what actually happened;
    • How demand has changed between April 2020 and April 2021; and
    • What IM executives expected to happen with border restrictions compared to what actually happened.
  • An interview with Nestor Alfred of the Saint Lucia CIU
    • How did the Unit change its policies to go from being a laggard to being the most efficient CIU, according to IM executives?
  • The mega-trends driving the transformation of the IM market after COVID
    • The West wakes up to investment migration;
    • Crypto-millionaires: The new new rich;
    • The race to digitize and remote-enable program processing;
    • Beyond visa-free travel;
  • How major investment migration programs performed in 2020
    • The winners and losers of the pandemic.
  • The biggest differences between the IM market before and after COVID, according to industry leaders
    • Stefan Kraus, COO of Henley & Partners;
    • Jean-François Harvey, Global Managing Director of Harvey Law Group;
    • Eric G. Major, CEO of Latitude;
    • Mohammed Asaria, Founder of Range Developments;
    • Micha-Rose Emmett, CEO of CS Global Partners;
    • Nicholas Stevens, Managing Director of NTL Trust;
    • David Lesperance, Managing Partner of Lesperance & Associates;
    • Paul Williams, CEO of La Vida Europe; and
    • Sam Bayat, Founder of Bayat Legal Services.

IMI Club Pro Members:
FREE


IMI Club Members:
FREE

More Intel & Data

Post Grid lazy load

Following the initial shock in spring 2020 that sent inquiry volumes plummeting worldwide, investment migration has emerged from the pandemic stronger than ever.

In our annual survey, industry executives identified the Saint Lucia CIU as the most efficient processing unit last year. CIU-boss Nestor Alfred shares details of the turnaround operation in this interview.

IMI Research Unit is proud to present our latest report: Investment Migration After COVID – Trends and Outlook 2021.

 

The post COVID, Ultimately, Benefited Investment Migration Industry, 2021 IM Executive Survey Responses Show appeared first on Investment Migration Insider.

From Laggard to Best-in-Class in Two Years: The Saint Lucia CIU’s Remarkable Comeback

In a July 2018 interview, the Saint Lucia CIU’s chief executive, Nestor Alfred, conceded that his Unit’s processing times left much to be desired:

“When compared to other islands, the number is a far cry from where it should be,” he lamented, adding that in 2017 and 2018 combined, the program had received 279 applications, only about a third of which had been approved by the 2018 half-year mark. Some applications, he divulged, had been pending for close to nine months.

Alfred, at the time, told local reporters the Saint Lucia CIP was among the region’s least competitive. 

“Guess why?” he asked rhetorically before responding: “Because we are not prepared to issue citizenship to people within 30 or 40 days. Our vetting process may be one of the most rigorous processes you can find in this region.”

In 2020, however, among the Investment Migration Executive Survey’s© international IM-firm respondents, 21% rated the Saint Lucia CIU as the market’s most efficient processing unit, up from 0% the year before.

What changed in the Saint Lucia CIU? Presumably, it didn’t relax vetting standards, so why do these no longer have a decelerating effect on the Unit’s work? We decided to ask Nestor Alfred himself, who, in our Investment Migration After COVID report, gave a full account of how he and his team were able to turn the processing unit around in under two years.

Nestor Alfred is proud to have his CIU named “most efficient processing unit” in this year’s Investment Migration Executive Survey.

Alfred also revealed that he’s planning an overhaul of the Saint Lucia CIP’s real estate framework, as well as a new marketing agreement with one of the program’s promoters, in the coming months:

“In regard to policy, we will be doing some further strengthening of the real estate framework – there needs to be a bit more accountability. We are also looking at a collaboration with one of our promoters to launch a product to help make the programme more attractive.” 

In the interview, Alfred went into details about:

  • How the CIU was able to “trim away” steps that were not absolutely necessary, without sacrificing the due diligence quality;
  • How the CIU brought average processing times down from more than half a year to just 56 days;
  • Why a CIU should focus on the parts of the process it can influence, and work to reduce the delays occasioned by the steps handled by outside partners; and
  • How use of the CIU’s online portal drove massive increases in productivity.

In the Investment Migration After COVID report, you can read the full interview with Nestor Alfred, see the complete results of the 2021 Investment Migration Executive Survey, get an overview of which programs have been the relative winners and losers of the pandemic year, and learn how dozens of the leading executives in the investment migration market believe the market has, and will, change as a consequence of COVID.

The report attempts to identify the most consequential transformations that have taken place in the investment migration market over the last year, to prognosticate as to which marks 2020 will leave on the market in the long run, and to outline how industry professionals can prosper in the new investment migration market.

Investment Migration After COVID – Trends and Outlook 2021

Investment Migration After COVID tells the story of what we expected to happen after the pandemic, compares that to what happened, and highlights what dozens of leading investment migration executives anticipate will change in the years ahead.

  • Findings of the April 2021 Investment Migration Executive Survey©
    • How pandemic-related government restrictions have affected the service deliverability;
    • How the pandemic has affected demand;
    • Which source markets are growing the fastest;
    • How client’s preferences have changed as a consequence of the pandemic,
    • In which regions IM companies are planning to open new offices;
    • Which programs have risen and fallen the most in popularity over the last year;
    • Which programs were the best-sellers in the last year, and which are expected to be the best-sellers in the next year; and
    • Which application processing units were the most efficient in 2020.
    • How companies have adapted to new work habits necessitated by the pandemic, such as working remotely, reducing travel and in-person event attendance, and the degree to which such changes are likely to persist in the long term.
  • A review of the April 2020 COVID Market Impact Survey©
    • How IM executives expected the pandemic to impact demand compared to what actually happened;
    • How demand has changed between April 2020 and April 2021; and
    • What IM executives expected to happen with border restrictions compared to what actually happened.
  • An interview with Nestor Alfred of the Saint Lucia CIU
    • How did the Unit change its policies to go from being a laggard to being the most efficient CIU, according to IM executives?
  • The mega-trends driving the transformation of the IM market after COVID
    • The West wakes up to investment migration;
    • Crypto-millionaires: The new new rich;
    • The race to digitize and remote-enable program processing;
    • Beyond visa-free travel;
  • How major investment migration programs performed in 2020
    • The winners and losers of the pandemic.
  • The biggest differences between the IM market before and after COVID, according to industry leaders
    • Stefan Kraus, COO of Henley & Partners;
    • Jean-François Harvey, Global Managing Director of Harvey Law Group;
    • Eric G. Major, CEO of Latitude;
    • Mohammed Asaria, Founder of Range Developments;
    • Micha-Rose Emmett, CEO of CS Global Partners;
    • Nicholas Stevens, Managing Director of NTL Trust;
    • David Lesperance, Managing Partner of Lesperance & Associates;
    • Paul Williams, CEO of La Vida Europe; and
    • Sam Bayat, Founder of Bayat Legal Services.

IMI Club Pro Members:
FREE


IMI Club Members:
FREE

More Intel & Data

Post Grid lazy load

In our annual survey, industry executives identified the Saint Lucia CIU as the most efficient processing unit last year. CIU-boss Nestor Alfred shares details of the turnaround operation in this interview.

IMI Research Unit is proud to present our latest report: Investment Migration After COVID – Trends and Outlook 2021.

Americans, once more, featured in the top five applicant nationalities in April, as they have in all but one of the last 10 monthly reports.

 

The post From Laggard to Best-in-Class in Two Years: The Saint Lucia CIU’s Remarkable Comeback appeared first on Investment Migration Insider.

Investment Migration After COVID: New Report from IMI Research Unit Out Now

IMI Research Unit is proud to present our latest report: Investment Migration After COVID – Trends and Outlook 2021.

Cover illustration by Manuela Lence.
Preface: The New Investment Migration Market

Decades from today, when industry historians recount the events of 2020, they will undoubtedly characterize the year as a pivotal one for investment migration. It was the year in which the RCBI-market, for the first time, appeared within the purview of the “rich-world rich” on a grand scale.

In the industry’s first three decades, investors from East Asia, the former Soviet states, and the Middle East drove growth. In the early 2010s, new demand centers in Southeast Asia and North Africa catalyzed the market further. By the end of the same decade, South-Asians and Sub-Saharan Africans were developing large customer bases.

Then, in early 2020, political reactions to the worldwide health crisis put globalization on hold indefinitely. As the months went by, it gradually became clear that what many of us had expected to be a short-term deviation from the normal course of world affairs would, instead, mark the end of the world we knew and the beginning of one we didn’t. Even now, in May 2021, we can’t see clearly what the world after COVID will look like. 

One of the few things we can say with certainty is that we will not be returning to an environment of convenient, unfettered global movement in the near future.

While citizens of emerging-world countries are accustomed to severe travel and settlement restrictions, for North Americans and Europeans, the limits placed on their rights, liberties, and freedoms of movement marked the first such experience in living memory. And that would turn out to change the trajectory of investment migration forever.

Investment Migration After COVID tells the story of what we expected to happen after the pandemic, compares that to what happened, and highlights what dozens of leading investment migration executives anticipate will change in the years ahead. The report attempts to identify the most consequential transformations that have taken place in the investment migration market over the last year, to prognosticate as to which marks 2020 will leave on the market in the long run, and to outline how industry professionals can prosper in the new investment migration market.

The report is free for all IMI Club and IMI Club Pro members and accessible from within the IMI Club Members’ Lounge. If you are not yet a member, you can easily join IMI Club here.

What the report contains
  • Findings of the April 2021 Investment Migration Executive Survey©
    • How pandemic-related government restrictions have affected the service deliverability;
    • How the pandemic has affected demand;
    • Which source markets are growing the fastest;
    • How client’s preferences have changed as a consequence of the pandemic,
    • In which regions IM companies are planning to open new offices;
    • Which programs have risen and fallen the most in popularity over the last year;
    • Which programs were the best-sellers in the last year, and which are expected to be the best-sellers in the next year; and
    • Which application processing units were the most efficient in 2020.
    • How companies have adapted to new work habits necessitated by the pandemic, such as working remotely, reducing travel and in-person event attendance, and the degree to which such changes are likely to persist in the long term.
  • A review of the April 2020 COVID Market Impact Survey©
    • How IM executives expected the pandemic to impact demand compared to what actually happened;
    • How demand has changed between April 2020 and April 2021; and
    • What IM executives expected to happen with border restrictions compared to what actually happened.
  • An interview with Nestor Alfred of the Saint Lucia CIU
    • How did the Unit change its policies to go from being a laggard to being the most efficient CIU, according to IM executives?
  • The mega-trends driving the transformation of the IM market after COVID
    • The West wakes up to investment migration;
    • Crypto-millionaires: The new new rich;
    • The race to digitize and remote-enable program processing;
    • Beyond visa-free travel;
  • How major investment migration programs performed in 2020
    • The winners and losers of the pandemic.
  • The biggest differences between the IM market before and after COVID, according to industry leaders
    • Stefan Kraus, COO of Henley & Partners;
    • Jean-François Harvey, Global Managing Director of Harvey Law Group;
    • Eric G. Major, CEO of Latitude;
    • Mohammed Asaria, Founder of Range Developments;
    • Micha-Rose Emmett, CEO of CS Global Partners;
    • Nicholas Stevens, Managing Director of NTL Trust;
    • David Lesperance, Managing Partner of Lesperance & Associates;
    • Paul Williams, CEO of La Vida Europe; and
    • Sam Bayat, Founder of Bayat Legal Services.

Download the report from within the IMI Club Members’ Lounge now

The post Investment Migration After COVID: New Report from IMI Research Unit Out Now appeared first on Investment Migration Insider.