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Aside from benefits such as freedom of travel and ease of access to international markets that a second passport offers for wealthy South Africans, many of these programs offer attractive property investments with good capital value retention, a currency hedge as well as growth.
These are the top 3 citizenship-by-investment countries for South Africans.
The number of wealthy South Africans taking up a second residency or citizenship programme is rising progressively, says Nadia Read Thaele of LIO Global, a specialist firm in residence and citizenship-by-investment planning for private clients.
Top Citizenship-By-Investment Choices For South Africans (Seeff Southern Suburbs Magazine)
Following one of the most austere mini budget presentations since 1994, there will no doubt be a further rise in the demand from wealthy South Africans for a second residency or citizenship, says Ms Nadia Read Thaele of LIO Global, a specialist in residency and citizenship-by-investment planning for private clients.
Grenada is top of mind for those looking for a second passport. Excellent international access to prized regions such as the UK, Schengen and China as well as the opportunity to own a property as part of a 5-star hotel group gives wealthy investors a very good reason to consider citizenship of the Spice Island.
Businesstech.co.za speaks to LIO Global's Nadia Read Thaele on wealthy South Africans looking at a plan B through citizenship-by-investment programs.
EU education: a big driver for citizenship-by-investment programmes