The following is an excerpt from Katie Beck | May 30, 2017 | BBC.com |
On a recent flight, I was idly flipping through the inflight magazine, when I came across an unusual advert promising “a unique strategy to safeguard your future prosperity and security.”
The advert was plugging what it called “citizenship by investment.”
I’d heard of citizenship-for-sale initiatives in the past, and – prompted by the ad – I briefly wondered whether a second citizenship beyond my American one was something I might need. Is this something that people other than the uber rich are considering, and for reasons other than tax optimisation? And if so, why?
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