Fifth International Residency & Citizenship Expo set to open up a world of citizenship & residency options
The International Residency and Citizenship Expo Pavilion is returning to Abu Dhabi this October, opening up a world of possibilities by offering expertise and guidance needed to make right decisions on numerous citizenship and residency options that are currently available through investment.
The Expo forms part of a series of collocated interactive networking events to be held in connection with the 11th International Real Estate and Investment Show (IREIS), which will run from October 30 to November 1, 2019 at the Abu Dhabi National Exhibition Centre and sponsored by the Abu Dhabi Department of Economic Development (ADDED), the Abu Dhabi Chamber of Commerce & Industry, and the Department of Urban Planning and Municipalities (DPM) among other sponsors.
Residency and Citizenship-by-Investment (CBI) programs enable nations to grant residency or citizenship rights to individuals in exchange for a substantial investment. With more and more investors considering migration to avail a spectrum of benefits such as visa-free travel, financial security, safety from political and economic uncertainties, opportunities to explore rapidly changing mix of markets and personal freedom, the idea of investment-based immigration is becoming increasingly popular.
The Investment Migration Yearbook for 2019-2020 and international media company CountryProfiler (CP) indicated that more than a dozen countries today offer citizenship-by-investment programs. As per the Yearbook, an estimated 5,000 people acquire citizenship abroad yearly, while the value of the citizenship-by investment industry has reached USD 3 billion. A study conducted by IREIS shows that international migration among UAE residents grew 20 per cent than the previous year.
Now on its fifth year, the pavilion will help thousands of visitors explore immigration options in Australia, Canada, Cyprus, the Caribbean Islands, Germany, Hong Kong, South Africa, Spain, Singapore, Malaysia, Panama, Portugal, New Zealand, the US, and the UK.
Antoine Georges, Managing Director, Dome Exhibitions, said: “Thanks to rising awareness levels, people are becoming more and more interested in exploring the possibilities migration can offer. They are also looking for guidance and support to carefully navigate the available citizenship and residency options. We are presenting the fifth International Residency and Citizenship Expo Pavilion to help visitors fulfill their aspirations for dual citizenships, after careful comparison of various options from around the globe.”
“The number of CBI programs has witnessed significant growth in the last decade due to the rising demand for alternative residency and citizenship rights, states the Guide to Investment Migration for Governments and Global Citizens, issued by Henley & Partners in 2019. The UAE’s introduction of a new system for long-term residence visas this year is a recent example. The new system enables foreigners to live, work and study in the UAE without the need of a national sponsor and with 100 per cent ownership of their business on the UAE’s mainland. These visas will be issued for 5 or 10 years and will be renewed automatically. The system was introduced in response to the rising interest of investors in exploring the UAE’s superior investment climate,” Georges added.
According to the International Migrant Stock 2019, the UAE hosts the fifth largest number of international migrants at nine million. It is the most preferred country of migrants in the Middle East and Africa after Saudi Arabia.
To attract highly skilled people to fill employment gaps, the UAE Government offers them special incentives. It also seeks to attract foreign investors to its shores as it bids to become one of the world’s preferred investment hubs. IREIS 2019’s ‘Startup Hub’ will help connect investors and entrepreneurs.
IREIS 2019, organized by Dome Exhibitions, will witness a series of International Citizenship and Residency Conferences taking place along with the exhibition. The International Citizenship Conference will provide attendees an update on the world’s leading investment migration programs and their related investment opportunities. We will be focusing on residence-by-investment programs with separate panel discussions on EB5 (US), United Kingdom, Caribbean Islands and Europe. Each panel will feature various experts on migration, education, real estate, and other investment opportunities, to provide an overview of everything that is involved when considering a residence.
Visitors to the International Residency and Citizenship Expo Pavilion will be able to avail free consultancy from the right advisers and government contacts for professional guidance; have face-to-face interactions with reputed consultants in the immigration industry; and mainly, identify opportunities to establish businesses, open bank accounts and expand investments worldwide without personal/income/ other tax options or any kind of restrictions on the repatriation of profits and imported capital.
IREIS 2019 will present a wide array of property developments alongside numerous attractive investment options and consultation and financing opportunities. Regional and international real estate investors, brokers, and developers from the Middle East, Europe, and Asia Pacific will be part of the event to provide the latest insights into current market trends. More than 70 exhibitors from over 20 countries will showcase 300 projects before the expected 5,000 visitors from across the world. The event will also feature the International Investment Conference 2019; the World Free Zone Expo (WFZE) Pavilion; the Start-up Pavilion; and the Innovation Hub Awards 2019.