Sharp increase in the number of people wishing to leave South Africa

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The recent violence combined with the slowness of the government’s vaccination program against Covid-19 has led to an increase in demand for second residency and citizenship programs, said Nadia Read Thaele, founder of LIO Global.

The current crises have further compounded the growing crime and security challenges of recent years, Read Thaele said.

“People want to live and work in a safe environment and look for the mobility that a second passport offers,” she said.

“As the epicenter of the coronavirus takes the brunt of the violent protests in Gauteng and KZN, the vulnerability of South Africans is called into question.

“Dual citizenship not only provides the security and peace of mind that many seek, but also secures their investment in politically and economically stable countries. “

Read Thaele said countries his company works with that have Citizenship by Investment (CBI) programs have reported a spike in people urgently seeking a Plan B option of dual citizenship or alternative residency.

She said people are feeling nervous and dual citizenship offers easier travel despite the lockdown conditions.

According to a recent New World Wealth report, around 4,200 super-rich have left South Africa since 2010, and Read Thaele said the number of families seeking second residency and citizenship options continues. to increase considerably.

“There are many residency and CBI options available to South Africans, including European countries such as Portugal, Malta, Greece, Spain, Italy and Belgium.

“Most require real estate investment and have complex requirements if you want to acquire citizenship, as they are aimed at offering residency. Malta, for example, also has a citizenship program, in addition to its residency program, but this requires a substantial investment of over R17 million.

Read Thaele said the most accessible options are those offered by Caribbean countries such as Grenada, Saint Kitts and Nevis, Dominica, Saint Lucia and Antigua and Barbuda, which offer a direct route to citizenship and a passport, as opposed to simple residency.

They do not require any period of residence or visit to the country and offer a quick route to a second passport in less than six months. There are also no language requirements and countries are tax-friendly jurisdictions.


Read: Economic impact of riots and looting in South Africa and wider emerging issues

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