During the past decades, more and more people have been aiming to relocate to the Principality of Monaco and the South of France by using citizenship by investment programs.
It is important to highlight that Monaco does not offer a citizenship through investment program, however many other countries in the European Union and the Schengen zone do.
The Schengen area mostly functions as a single jurisdiction for international travel purposes, with a common visa policy. Therefore, a second passport, especially a European one can open up one’s relocation and business possibilities as well.
22 of the 28 EU member states participate in the Schengen Area. Of the six EU members that are not part of the Schengen Area, four—Bulgaria, Croatia, Cyprus, and Romania—are legally obliged to join the area, while the other two—Ireland and the United Kingdom—maintain opt-outs. The Principality of Monaco is not part of the European Union; however, it is part of the Schengen zone. So the free movement of persons is a fundamental right guaranteed to EU citizens by the Treaties.
The current hotspots for applications for alternative citizenship in the European Union are from China, Africa, Russia and now the United Kingdom due to Brexit.
To the UHNWI and their families, EU citizenship offers “options”, options on where to live, invest, and retire in countries that would be considered more stable environments both politically and financially thank their own, and these HNW and UHNW families are looking to the future on how to safeguard them from future challenges.
One of the key differences that are unique to Monaco is the family environment. Not many countries around the world can boast such a great backdrop for families, and after you have your alternative citizenship, Monaco could become a viable long term option.
Of course, many citizenships by investment countries like Cyprus and Malta both offer these programs, and one must be very careful on the route which is chosen to ensure it is the “right” program to meet your goals.
It is also important to factor in any additional services required. Apart from the application processes, can your preferred agent offer a fully comprehensive in-house service to ensure you meet your goals, so always ensure you engage trusted advisors with the reach and expertise.
At UNHW Management Family Office in London, we offer the possibility for (ultra-high net worth individuals) to obtain an alternative citizenship finalising with an EU passport for the entire family, including future generations. By searching online you can find hundreds of websites listing the advantages of becoming an EU resident, however because things slightly differ from one provider to another, we decided to clarify all this for you.
“That’s why we created the acronym S.T.A.P. Let’s explain what this means” says Alexandre Ludwig of UHNW Management Family Office London
- Safety: It will protect you and your family from political instability. You’ll have the possibility to move from Western Africa to the EU at any time when you want.
- Travel: In addition, you’ll also have the opportunity to travel “Visa Free” to over a hundred countries around the world (depending on your country of citizenship, the number of “visa-free countries” you can travel to may change) are eligible for, is dependent on the country where you hold your passport.
- Asset: It will also secure your assets and will help you with any kind of investment project outside of Africa.
- Privacy: The EU has recently adopted a very strict law about privacy (GDPR) protecting every EU citizens rights to privacy when it comes to data usage.
If you’re interested in a second EU nationality and wish to enjoy all the S.T.A.P. advantages, contact Mr Alexandre Ludwig on email@example.com for a confidential discussion.
UHNW Management Family Office London offers advisory and implementation services to HNW and UHNWI’s and their families with a concentration on EU alternative citizenship programs.