The number of applications for a second passport from the UAE went up by 30% as wealthy expats are willing to spend considerable sums for the privilege to travel the world freely, according to Citizenship Invest. The figures from the Dubai-based show that last year, most of the requests made in the UAE towards obtaining an alternative citizenship came from Asian and Middle Eastern nationals living in the UAE. Syrians top the list and account for 14% of total demand, followed by Pakistani nationals (12%), Indian residents (10%) and Egyptians (9%). Citizenship by Investment said it has...
To continue reading this article...
Join International Investment
Join International Investment today
Unlock members-only benefits:
- Unlimited access to real-time news, industry insights, video features and market intelligence
- Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
- Receive breaking news stories straight to your inbox in the daily newsletters
- Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
- Members-only access to the Editor’s weekly news roundup newsletter
- Members-only access to analysis via our exclusive industry polls
- Be the first to hear about our events and awards programmes