Turkey is experiencing some of the worst political unrest in history. Today, more than ever, high net worth individuals are applying for citizenship and residency by investment programs to escape the country’s current nightmare.

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The driving force behind the Brexit result of the June referendum was the perception that migration was having a negative impact on the UK.

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Spain and Portugal have two of the most sought after immigrant investor programs in Europe. These countries both offer a Golden Visa scheme whereby a foreign national can receive a temporary (or “golden”) residence permit in the selected country in exchange for a sizeable contribution to that country’s economy.

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On June 23rd 2016, a majority vote was made by the UK to leave the European Union. This surprising outcome sent the whole world in turmoil with the uncertainty of Brexit’s future implications. Now that the frenzy has somewhat subsided from this historic referendum, the immediate consequences have become a little clearer, and we would like to discuss these in this article, as well as mention the impact on high net worth individuals.

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High net worth individuals and business foreign nationals often look to Europe as the continent of choice when it comes to immigration. Europe is centrally located and an excellent hub for business, whether to set up a branch of an existing company or to establish a completely new enterprise. In addition, member countries of the European Union enjoy visa-free travel amongst themselves as well as the freedom to live, work, or study in any of the EU member states as a resident or citizen of an EU

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High net worth individuals and investors who are interested in becoming global citizens are looking toward Bulgaria as a prime option. There are numerous benefits to obtaining permanent residence in Bulgaria, including the freedom of movement among the European Union countries as well as the Schengen zone

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There is a long list of benefits we could name to having a second passport. Among the most cited are quality healthcare, better education for our children, limiting one’s tax burden, and ease of travel. All benefits of having a second passport, though, can be summed up with a single word: freedom.

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