Balancing Due Diligence With Investor-Friendly Policies Key To Future Of Investment Immigration

There are risks and pitfalls in operating investment immigration programs, in which countries have often learned the painful way by making mistakes and facing scandals.

Such risks include misuse of programs for tax evasion, the moral and political implications of putting citizenship up for sale, and the possibility of lax regulation and due diligence leading to security risks.

This leads to the key factor that will determine the future of the investment immigration industry — effective due diligence.

Countries have responded to criticism with stricter checks, more comprehensive due diligence protocols, measures to prevent tax evasion and money laundering, and overall professionalization of the programs.

Others have increased processing fees to fund the establishment and maintenance of systemic safeguards.

While naysayers remain, the steady pace at which the investment immigration industry has grown across the world clearly shows that a balanced approach combining transparency and due diligence with investor-friendly policies will be key going ahead.

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Source: mondaq.com
Published: 19 June 2020

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