People at one of the recent IREX events
People at one of the recent IREX events Image Credit: Supplied

HNIs are opting for second passports as it provides them with an opportunity to invest abroad and diversify wealth, besides availing tax benefits and visa-free travel according to the organisers of the tenth edition of IREX - Residency & Citizenship Conclave. Expatriates also rate children’s higher education as one of their key reasons for opting for their second passports. Investment in a second passport also gives the investors access to career, educational, and lifestyle opportunities on a global scale, for investors and their families.

The 2021 edition of the Conclave will be held from December 9 to 10, 2021 at Hotel Taj, Business Bay, Dubai. The Conclave is a unique platform that offers various options and prospects of residency and citizenship across the world. The Conclave will bring together Residency & Citizenship consultants, legal consultants, government bodies, property developers, and other stakeholders from all over the world under one roof.

“Dubai market has a huge potential and demand for Portuguese Golden Visa program due to the fact that close to 80% are expats. All of them are looking for a backup plan if for any reason they need to leave the country. People have realised after the pandemic that having a safe backup plan for themselves and their loved ones is a must. Another fact why especially HNWI's are deciding for the Portuguese Golden Visa program is their wealth management and the freedom of movement. Portugal is welcoming foreigners with attractive residency and tax programs. The Portuguese residency program is a fast-track way to obtain citizenship, without relocation,” added Tiago Camara, Co-Founder, PTGoldenVisa.

The Conclave is dedicated to citizenship by investment, residency, and immigration and will have participants from over 15 countries viz. Canada, UK, Ireland, Grenada, St. Kitts & Nevis, Dominica, Austria, Germany, Switzerland, Greece, Portugal, Malta, Cyprus, Turkey, and EB5 companies from the USA that offer residency/citizenship by investment.

"With the ever-changing traveling restrictions and lockdowns, having a second residency or passport is now a privilege that about 25% of the High Net Worth Individuals worldwide are considering investing in. The Dubai market is gathering many of these HNWIs from across the UAE and the Middle East. Vistra Malta is pleased to be a top sponsor of the 10th edition of the IREX Residency & Citizenship Conclave in Dubai. The Vistra Malta team will be able to guide the visitors through the Maltese Investment Migration options including permanent residence, residency leading to citizenship and tax residence and to offer alternative solutions in similar jurisdictions," stated Charlotte Brun, Associate Business Developer, Vistra Malta.

According to the publication ‘Investment Migration Insider,’ the world investment immigration market is growing at an annual rate of 23% and if the trend continues it would reach USD 100 billion in revenue by 2025.

“We find in Dubai the international and entrepreneurial vision that is so successful for Canadian immigration. People correctly see Canada as an extraordinary place to live and find prosperity, raise and educate their children, and remain open to the world – from Europe to the U.S. to all of Asia and the Middle East. Canada is proving itself more attractive than ever as a place for international entrepreneurs," mentioned Ignacio Donoso, Managing Partner, Donoso & Partners LLC.

The conclave will also focus on various aspects and prospects of immigration by investment with individual country presentations addressed by immigration experts and lawyers from leading international companies specialized in the field. This conference will focus mainly on the global citizenship and residency scenario along with various financial and legal implications to gain citizenship through real estate investment.

"We are delighted to be participating at the 10th edition of IREX in the UAE because Dubai is known to be a point of intersection for those interested in Citizenship by Investment (CBI). The type of citizenship you have and where you can travel with it is an invaluable currency in this post-COVID era. As a business hub, many entrepreneurs in Dubai feel it necessary to connect with other financial markets to expand their business and diversify their assets. CBI allows investors the leverage they need to travel visa-free to attend meetings while ensuring their families have the best access to international health and education opportunities,” stated Micha Emmett, CS Global Partners.

“We are very enthusiastic about participating at the 10th edition of IREX! The Middle East market has always shown a great demand for Portugal GRP, the n.1 residency program in Europe,” concluded Frederico Seixas, IMCM, Sales & Marketing Director, Investaureum.

IREX is organized by GMN Media Pvt. Ltd, New Delhi. This Conclave is a unique B2C show with a track record of conducting successful shows since 2015.

Register via to attend the show.