• The primary reason to move was professional, but after coming here, we realised that our daughter was at a stage in her life that we could not change her education system too often, so we applied for permanent residency and got it
  • In 2022, over 2.25 lakh Indians renounced Indian citizenship, the highest since 2011, according to data from the Ministry of External Affairs
  • The data reflect how Indians, especially high net-worth individuals (HNIs), are moving westward in search of better opportunities, healthcare, quality of life, and education, among other factors.
  • HNIs are those who have wealth of over $1 million or ₹8.2 crore. According to the Henley Global Citizens Report, there were3.47 lakh HNIs in India in December 2021.Of these, 1.49 lakh HNIs were found in just nine cities: Mumbai, Delhi, Kolkata, Bengaluru, Hyderabad, Pune, Chennai, Gurugram, and Ahmedabad.
  • Industry representatives say there has been a surge in requests for residence-through-investment programmes, especially the U.S. EB-5 visa, Portugal Golden Visa, Australian Global Talent Independent Visa, Malta Permanent Residency Programme, and Greece Residence by Investment Programme.
  • According to the report, India ranked fourth in the world in terms of privately-held wealth, after the U.S., China, and Japan.
  • India is really rising in the ranks among successful applicants for the Portugal Golden Visa, climbing to fourth place [globally] in 2022, from fifth place in 2021, and ninth in 2020.”
  • The Portuguese scheme benefits individuals and families, providing them with the right to live, work, study, or retire in Portugal and the rest of European Union.
  • Since the programme’s creation, more than 130 visas have been issued to Indian nationals.
  • Among the qualifying requirements, purchasing property worth Euro 500,000 (₹4.4 crore) in a high-density area and creating at least 10 jobs for Portuguese nationals, are mandatory.
  • Five years after the investment, the individual can obtain a Portuguese passport, making them eligible to visit over 150 countries without a visa. Portugal last week decided to end its Golden Visa Scheme, as per a Reuters report.
  • The EB-5 visa programme of the U.S., which requires a minimum investment amount of $800,000 (around ₹6.6 crore) over a period of 5 to 7 years and the creation of 10 permanent jobs for U.S. citizens, is also much sought after. The visa makes an individual eligible for American citizenship after five years.
  • For the EB-5 programme, funds are collected in an escrow account and are given out as loans for development and construction projects.
  • As soon as the project is complete, the borrower refinances this loan with a long-term debt from the bank and repays this in about five years.
  • Most projects, including residential development in the Bay area (San Francisco and adjoining areas) and commercial towers in New York
  • Today, wealthy families want better healthcare, open and flexible business environments, and access to better academic and professional opportunities. Alternative residency programmes provide them these options.


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