Worldwide: Investment Migration After COVID by IMI Daily.
Authors: Christian Henrik Nesheim
Decades from today, when industry historians recount the events of 2020, they will undoubtedly characterize the year as a pivotal one for investment migration. It was the year in which the RCBI-market, for the first time, appeared within the purview of the “rich-world rich” on a grand scale.
In the industry’s first three decades, investors from East Asia, the former Soviet states, and the Middle East drove growth. In the early 2010s, new demand centers in Southeast Asia and North Africa catalyzed the market further. By the end of the same decade, South-Asians and Sub-Saharan Africans were developing large customer bases.
Then, in early 2020, political reactions to the worldwide health crisis put globalization on hold indefinitely. As the months went by, it gradually became clear that what many of us had expected to be a short-term deviation from the normal course of world affairs would, instead, mark the end of the world we knew and the beginning of one we didn’t. Even now, in May 2021, we can’t see clearly what the world after COVID will look like.
One of the few things we can say with certainty is that we will not be returning to an environment of convenient, unfettered global movement in the near future.
While citizens of emerging-world countries are accustomed to severe travel and settlement restrictions, for North Americans and Europeans, the limits placed on their rights, liberties, and freedoms of movement marked the first such experience in living memory. And that would turn out to change the trajectory of investment migration forever.
Investment Migration After COVID tells the story of what we expected to happen after the pandemic, compares that to what happened, and highlights what dozens of leading investment migration executives anticipate will change in the years ahead. The report attempts to identify the most consequential transformations that have taken place in the investment migration market over the last year, to prognosticate as to which marks 2020 will leave on the market in the long run, and to outline how industry professionals can prosper in the new investment migration market.
What the report contains
·Findings of the April 2021 Investment Migration Executive Survey
How pandemic-related government restrictions have affected the service deliverability;
·How the pandemic has affected demand;
·Which source markets are growing the fastest;
·How client’s preferences have changed as a consequence of the pandemic,
·In which regions IM companies are planning to open new offices;
·Which programs have risen and fallen the most in popularity over the last year;
·Which programs were the best-sellers in the last year, and which are expected to be the best-sellers in the next year; and
·Which application processing units were the most efficient in 2020.
·How companies have adapted to new work habits necessitated by the pandemic, such as working remotely, reducing travel and in-person event attendance, and the degree to which such changes are likely to persist in the long term.
·A review of the April 2020 COVID Market Impact Survey©
How IM executives expected the pandemic to impact demand compared to what actually happened;
How demand has changed between April 2020 and April 2021; and
·What IM executives expected to happen with border restrictions compared to what actually happened.
·An interview with Nestor Alfred of the Saint Lucia CIU
How did the Unit change its policies to go from being a laggard to being the most efficient CIU, according to IM executives?
The mega-trends driving the transformation of the IM market after COVID
·The West wakes up to investment migration;
·Crypto-millionaires: The new new rich;
·The race to digitize and remote-enable program processing;
·Beyond visa-free travel;
·How major investment migration programs performed in 2020
·The winners and losers of the pandemic.
The biggest differences between the IM market before and after COVID, according to industry leaders
·Stefan Kraus, COO of Henley& Partners;
·Jean-Francois Harvey, Global Managing Director of Harvey Law Group;
·Eric G. Major, CEO of Latitude;
·Mohammed Asaria, Founder of Range Developments;
·Micha-Rose Emmett, CEO of CS Global Partners;
·Nicholas Stevens, Managing Director of NTL Trust;
·David Lesperance, Managing Partner of Lesperance & Associates;
·Paul Williams, CEO of La Vida Europe; and
·Sam Bayat, Founder of Bayat Legal Services.