Global Citizen Solutions: The value of a second Passport in a time of Crisis

Industry: Healthcare

A lot of people turn to citizenship and residency investment programs as a way of planning ahead and protecting against future crises and changes.

London, UK (PRUnderground) March 20th, 2020

In a time like this, with the COVID-19 crisis sweeping the world and changing and evolving each day, we are reminded that disaster does strike and the threats to our safety and our quality of life are in fact real.

There have been and always will be threats to humanity and our very existence as we know it. This is not to say we should be living in a constant state of panic and fear, waiting for the next disaster to come around the bend. However, when prepared, there is a general sense of calm with which we can lead our lives.

Disaster events trigger contingency plans  

A global financial crash, a new president elected, or indeed a global pandemic are all examples of triggering events that can cause fundamental change to international mobility and to the way we live our lives.  With this comes a growing sense of urgency to formulate a plan B to safeguard our future and that of our future generations.

Proactive vs. Reactive types of people

There are two types of people, those who are proactive and motivated to secure a safety net before crisis hits, and those who react to a crisis and scramble to get things together to secure their families safety. Whilst the present COVID-19 crisis could not have been predicted, it begs the question, which kind of crisis can really be predicted?  Proactivity is always less costly than reactivity in the wake of these events.

Having a Plan B 

Given the unpredictable nature of crisis and disaster, planning ahead becomes ever more imperative to cushion the blow of these events. The current COVID- crisis is affecting people’s mobility. Often, changes like the border closures we are seeing now are unpredictable and unforeseen. Things are changing.

“We have seen a lot of people turn to citizenship and residency investment programs as a way of planning ahead and protecting against future crises and changes.   Whilst temporary travel bans are currently in place, once lifted we can expect travel and mobility to return to normality.”  Says Patricia Casaburi CEO at Global Citizen Solutions.  

Many people are considering a second citizenship as their plan B not only in terms of a second passport, but by way of diversifying and spreading assets spatially, ahead of an ever more likely financial crash.

“A clear favourite program in Europe is Portugal’s Golden Visa due to its many benefits and applicants can continue living in their country of origin during the process”  Patricia adds.

More options are better than less. Demand for second citizenships and access to global mobility has grown, in both reactive measures to the current crisis or proactive measures for future crises. Investing in a second citizenship is like an insurance policy, insurance against a force majeure event.

About Global Citizen Solutions

Global Citizen Solutions are a multidisciplinary team focused on advising clients on Europe’s best Citizenship-by-Investment programs commonly known as ‘Golden Visa’. With a team of 15 in the Lisbon Office, Glocal Citizen Solutions has a strong presence on the Portuguese Golden Visa program with 100% success rate in all our applications. Additionally, Global Citizen Solutions also operates in Spain, Cyprus, Malta and the UK.

Our clients are often looking for, what we call, the “golden combo”: freedom and security that comes with a second strong European passport, safety to professionally invest in international property markets with potentially high returns in both capital and income and expert advice on global tax optimization. Our specially curated citizenship-by-investment programs deliver on every aspect of it and we work with you to come up with a plan and strategy that suit every individual.

International property markets have outperformed most other asset classes in the last 15 years. Global Citizen Solutions specialists offer data-based professional investment advice for those wishing to invest diversify their wealth into European Real Estate. From successfully sourcing the investment to legal and conveyancing, GCS represent solely your interests ensuring a personal, efficient and confidential service.

Headquartered in London and Lisbon, our highly qualified experienced professionals are committed to always ensuring a personal, efficient and confidential service.

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Patricia Casaburi
+44 7508691616
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