分类: tony ebraheem

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“The Sector is Benefitting From the Instability”: Investment Migration People in the News This Week

Investment migration people in the news this week include:

  • David Regueiro of RIF Trust
  • Tony Ebraheem of 111 Immigration
  • Preeya Malik of Step Global
  • Imran Farooq of AAA Associates Immigration
  • Sadir Al Kherdaji, of Al Kherdaji International Legal Consultants
  • Tiago Camara of PTGoldenVisa
  • Kristin Surak
  • Maryam Djafarpour of Savory & Partners
  • Christian Kälin, Jürg Steffen, and Stuart Wakeling of Henley & Partners
  • Armand Arton of Arton Capital
  • David Lesperance of Lesperance & Associates
  • Jason Porter of Blevins Franks
  • John Hanafin of Huriya Private
  • Arthur Sarkisian of Astons

Gulf News: Why are the wealthy investing in residence and citizenship planning amid pandemic?

“The pandemic has meant that even more wealthy people have felt hemmed in by borders and are likely to hedge the risk in the future by ensuring they can move smoothly across them and spend time in desirable locales,” says professor Kristin Surak from the London School of Economics in her recent research on the uptake of residence by investment programmes in the European Union.

[…]

Maryam Djafarpour, International Business Development Manager, Savory and Partners, echoes the same, as she says, “Over the past decade, we have learned that you can never be too prudent to forecast the future. Investment migration is a constantly evolving industry. However, the lockdowns and grounding of flights have made everyone yearn for mobility. This emphasises how we take mobility and freedom for granted. Such disruptions of a global magnitude have created instability within regions leading to an increased demand in the sector.”

A recent study published by residence and citizenship advisory firm Henley & Partners also points to an accelerated growth of investment migration amid Covid-19, which has now become a standard consideration for international HNWIs who are looking to hedge volatility, create short-term value as well as long-term yield through enhanced global mobility.

The firm has recorded a 25 per cent increase in the number of HNWIs enquiring about citizenship by investment (CBI) as opposed to residence by investment (RBI) programmes since the outbreak of the virus, indicating that wealthy international investors are considering a more permanent change. “Investment migration has matured from being a luxury lifestyle product to become a sophisticated investment choice, and the Covid-19 fallout has put a spotlight on the many benefits of strategic residence and citizenship planning,” says Dr Juerg Steffen, CEO, Henley & Partners, in a press statement.

[…]

“The sector is currently benefiting from all the instability we are living worldwide at the moment — pandemic, conflicts and wars, travel bans, unemployment and bankruptcy, among others,” says Tiago Camara, Partner, PTGoldenVisa, which specialises in investment migration in Portugal.

[…]

“Demand for Caribbean citizenship has been incredibly high as the pandemic has shown us yet another reason why it is so important to diversify one’s citizenship and not be reliant on a single country,” says David Regueiro, COO, RIF Trust.

[…]

In real estate investments, more than 75 per cent of the total cost of the programme are invested in one of the approved projects in the country and the initially invested amount must be maintained for a minimum period, usually for five years before the investor can sell it, explains Tony Ebraheem, Founder and Lawyer, 111 Immigration. “Obtaining second citizenship through investments in real estate in Turkey is one of the most popular options. Demand for real estate investments for a passport is strong in Portugal, Grenada, and Dominica as well,” he adds.

[…]

“The current investment amount for the EB-5 programme is $500,000 within certain geographical areas in the US,” says Preeya Malik, Managing Director, Step Global.

[…]

“The pandemic has taught us many lessons. One of them is the importance of having an alternative citizenship or a strong second passport, preferably of a country, which allows worldwide freedom of travel in times when circumstances are not in one’s favour, such as Covid-19-related travel restrictions imposed by some countries,” says Imran Farooq, CEO, AAA Associate Immigration Services.

[…]

“Migrant entrepreneurs often face a range of legal challenges, from establishing and maintaining their businesses, meeting the start-up visa requirements and complying with the host country laws, to dealing with capital transfer restrictions as regulated by the investor’s own country as well as the host state,” explains Dr Sadir Al Kherdaji, Managing Director, Al Kherdaji International Legal Consultants.


As is the custom when the firm releases updates to its passport index, Henley & Partners featured in a wide range of well-known publications this week. Some of the more notable mentions:

Arton Capital’s Passport Index also received a number of mentions this week, particularly in the MENA region:


Arabian Business: Ras Al Khaimah to offer long-term residency visas as part of new investment push

Ras Al Khaimah Tourism Development Authority (RAKTDA) has announced a high-impact investment programme that aims to position the emirate as one of the most preferred tourism destinations in affordable luxury.

Endorsed by the government of Ras Al Khaimah, the new initiative, SelectRAK, is rolled out in partnership with Arton Capital, a government advisory company that focuses on promoting public-private partnerships that energise economies around the world.

[…]

“There is immense potential in Ras Al Khaimah, and we look forward to contributing over two centuries of collective team experience to this exciting initiative. SelectRAK will showcase the benefits of investing in the Emirate on the global stage,” said Armand Arton, founder and president of Arton Capital.


International Adviser: Can golden visas help UK expats rescue EU retirement dreams?

Jason Porter, director at Blevins Franks, said that golden visas can offer an alternative to the restrictions, but there is, indeed, a catch, “as the freedom only exists between the UK and the EU member state you are applying to”.

[…]

Both Stuart Wakeling, head of London office at Henley & Partners, and John Hanafin, chief executive of Huriya Private, said there has been an increasing number of applications for golden visas from UK nationals.

Hanafin said: “Since the British became non-Europeans in January this year, EU golden visa programmes have officially allowed British citizens to start applying. In fact, the biggest uplift in both Portugal and Greek programmes have been British and Americans.”

Wakeling added: “Henley & Partners has seen a nearly 60% increase in enquiries relating to investment migration programme options from UK nationals since 2019.”

[…]

Arthur Sarkisian, managing director of Astons, said golden visas have been proving very popular as the application process is quite quick and “straightforward”.

“Many British expats now face tougher restrictions with regard to the time spent living within the EU. This will most certainly require a period of adjustment although the route of citizenship or residency via investment could provide a far easier path to life outside of the UK.


The Street: Cryptocurrency Price Check: Binance Hit With U.K. Ban

David Lesperance, managing partner of Lesperance & Associates, said that businesspeople who fall out of government favor in China “do not have a history of longevity for their freedom.”

“One half of the coin is escaping the wrath of Chinese authorities,” he said, “the other is finding a safe haven for your family and your business. “

Lesperance said Bitcoin miners need a back-up plan to protect themselves and their families from a personal backlash from the Chinese government.

They also need the ability to set up operations in a location which has low price energy; rule of law to protect their business; and  a supply of trained local staff to operate their facilities. 

“The crypto-exchange clients also need a personal Backup Plan for themselves and their families,” Lesperance said. “However, their business needs are different. They need to establish their exchange in a location which will allow them to operate and thrive in a legal environment which will allow them to meet the incoming regulation of the US, UK, EU and others.”

The post “The Sector is Benefitting From the Instability”: Investment Migration People in the News This Week appeared first on Investment Migration Insider.

“Concerned About Programs Announced by Unofficial Bodies”: 10 on the Weekend – Tony Ebraheem

Ten On The Weekend is a semi-weekly feature in IMI, the concept of which is simple: Each time, we ask the same ten questions of a different industry figure, letting readers get to know the interviewee on a more personal and informal level than they might in an ordinary business setting.

Our guest this weekend is Tont Ebraheem of 111 Immigration.


How do you spend your weekends?

I work nearly 15 hours a day since I take care of the applications by myself to ensure the best quality of applications goes out from my office, so I really do not have time to see my family during the working days. So, when it comes to the weekends, I enjoy spending the time with my family (my wife, my four-year-old son, and my soon-to-come second son). They are everything in my life and I try to balance between business and family as much as I can. However, I must admit that I still do some urgent work during the weekends as well. 

What are your top three business goals this year?

First, to become one of the internationally leading companies providing honest and transparent services to our clients, especially after we open branches in Malaysia, India, Lebanon, Jordan, Kazakhstan, and many more to come.  

Second, to provide consulting services to governments and high net worth individuals, helping to guide the latter before, during, and after their citizenship application process. I see a lot of missed opportunities in the intersection of recently naturalized citizens and their governments, where both could benefit much more from that new relationship. I believe the relationship between the government and the naturalized citizen should start from the moment the investor becomes a citizen, but then it should not end there.

My third goal relates to education. Unfortunately, quite a high percentage of the people in our industry do not really know what citizenship or residence by investment is, the origins of this market, nor which programs are better than others for their clients beyond the immediate present, to say nothing of the long term.

What is your biggest business concern right now?

The disconcertingly common practice of misinforming clients about investment options or programs that sometimes do not exist, and harmful (sometimes unethical) competition among industry participants that would otherwise be better served by cooperating. Moreover, I’m always concerned when I see programs that open for just a short period before suddenly closing again, or when I see programs announced through unofficial bodies.

Which book is on your nightstand right now?

Influence by Robert B. Cialdini. One of the all-time top 10 books on marketing. I also re-read, from time to time, the book written by His Highness Sheikh Mohammed bin Rashid Al Maktoum: My Story: 50 Memories From 50 Years of Service. It’s a great book. 

How and when did you first get into the investment migration industry?

Though I’ve been living in the UAE since 2011, it was only in 2015, when I was introduced to Mr. Sam Bayat of Bayat Legal Services, that my journey in this business started.

What was your proudest moment as a service provider?

My happiest and proudest moments are when I help my clients achieve what they have been wanting for a long time, when I see my clients’ children graduating from their dream universities, when I receive thank you messages from clients after their first international trip with their new citizenship (“it really works!”), and when I receive calls from clients saying “I just wanted to say ‘hi’, Tony, and hear how you are doing”.

Which investment migration market development has surprised you the most in the last year?

I am astonished each time I look at the statistics of the Turkish CIP. To me, it demonstrates that a smooth and efficient process makes a huge, positive impact. 

Additionally, the Jordan CIP has surprised me too in terms of the number of investors who have applied, the number of jobs they’ve created, as well as the huge sums the program has raised. 

I also admire some of the Caribbean CIPs’ ability to keep processing going throughout the pandemic and attendant lockdowns. I can tell you that this display of resilience made all the difference in terms of encouraging investors to apply.

If you could go back 10 years in time, what business decision would you change?

I always look back to learn from the past but I never second-guess any decision I made or might make in the future. But I will say that having been in this business for six years now, it would have been even better to have started out in investment migration ten years ago.

What investment migration industry personality do you most admire?

I respect everyone, and I admire those who believe in this industry, contributing positively towards making it better. 

If all goes according to plan, what will you be doing five years from now?

I am sure everything will go according to my plan. When you have the vision and work (smartly) hard, you will surely do well. 

One thing I’m planning to do is to advise governments on the best ways to make their citizenship or residence programs successful and to get the maximum benefit out of them.

More From 10 on The Weekend

Post Grid lazy load

Tony Ebraheem worries about CIPs that are short-lived or announced by unofficial bodies, and aims to change that by advising governments himself.

“A typical millennial”, Stephane Tajick says there is no book on his nightstand, only his phone, and that the falling supply of good RCBI programs keeps him up.

Hakan Kodal says program legislation “should be shielded from political meddling and infighting within parliaments, which is only wasteful.”

 

The post “Concerned About Programs Announced by Unofficial Bodies”: 10 on the Weekend – Tony Ebraheem appeared first on Investment Migration Insider.