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Global Residence and Citizenship Programs 2016
Henley & Partners
Global Residence and Citizenship Programs 2016
A systematic analysis and benchmarking
of the world’s most important
investment migration options
Copyright © 2016 by Ideos Publications Ltd. All rights reserved.
Published by Ideos Publications Ltd. in Zurich, Switzerland.
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ISBN (softback): 978-0-9927818-8-0
ISBN (eBook): 978-0-9927818-9-7
Global Residence and Citizenship Programs 2016
Incorporating
The Global Residence Program Index (GRPI)
The Global Citizenship Program Index (GCPI)
Produced by Henley & Partners
in collaboration with an independent Panel of Experts:
Liam Bailey, Global Head of Residential Research, Knight Frank, London/UK
Anne-France Borgeaud Pierazzi, Senior Economist and Head of WCC Operations, IMD World Competitiveness Center, Lausanne/Switzerland
Vincent Chen, Visa Consulting Group, Shanghai/China
Dr. Philippe Forêt, SAGUF Environmental Humanities Program Co-Director, Swiss Federal Institute of Technology, Zurich/Switzerland
Professor Dr. Dimitry Kochenov, Princeton University, US; University of Groningen, The Netherlands
Dr. Robert W. Kuipers, Partner, Reward/Human Resource Services; and Stuart Jones, Senior Manager, People and Organisation Practice, PwC, Zurich/Switzerland
Damien Martinez, Director, Governance, Risk and Compliance Western Europe, Thomson Reuters, Paris/France
Irene Mia, Regional Director, Latin America and the Caribbean, Economist Intelligence Unit, London/UK
Marnin J. Michaels, Partner, Baker & McKenzie, Zurich/Switzerland
Nadine Goldfoot, Partner, Fragomen LLP, London/UK
Kamal Rahman, Head of Immigration, Mishcon de Reya Solicitors, London/UK
And special contributions by:
Liam Bailey, Global Head of Residential Research, Knight Frank, London/UK
Dr. José Caballero, Senior Economist, IMD World Competitiveness Center, Lausanne/Switzerland
Ben Cowdock, Research Officer, Transparency International UK, London/UK
Judith Gold and Ahmed El-Ashram, International Monetary Fund, Washington D.C./US
Professor Dr. Dimitry Kochenov, Princeton University, US; University of Groningen, The Netherlands
Damien Martinez, Director Governance, Risk and Compliance, Thomson Reuters, Paris/France
Madeleine Sumption, Director, Migration Observatory, University of Oxford, Oxford/UK
Contents
Introduction: A Glimpse of Global Trends
The Growing Market for Citizenship and Residence: A Policy Perspective
The Importance of Due Diligence in the context of Investment Migration Programs
The Resurgence of Global Residential Markets
Addressing the Risks of Tier 1 (Investor) Visas in the UK
A Passport of Convenience: Citizenship-by-Investment is a Win-Win for Some Small States
The Global Residence Program Index
Introduction to the Methodology
The Global Citizenship Program Index