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How Does Citizenship by Investment Benefit a Country? Part II – Global Exposure and Talent Building

June 30, 2016 - Commentary

Most people talking about Citizenship by Investment focus on the monetary benefits of these programs on a country.

But what really happens, for instance, when a large global hotel brand decides to open a resort on a small island?

The project not only employs local labor at the time of construction but once operational, the service staff receive training that lets them compete in an international marketplace.

The creation of jobs for the resident population and the building of local talent is an area of major impact.

Many staff members who join at junior levels often progress quickly up the career ladder to managerial positions on account of their home-grown knowledge or language skills. Many are then offered the ability to move to other resorts and projects within the hotel chain’s wider global network.

Citizenship by Investment Programs open up a window to opportunity not just to the individuals acquiring passports, the projects they finance often give the local population more routes to further their personal growth while raising the quality of life for the entire community.

How Does Citizenship by Investment Benefit a Country? Part III will discuss Emergency Funds and Philanthropic Support.

You can read more about the benefits of CIP here

Interested in knowing more about Citizenship by Investment in the Caribbean and how they make an impact on local communities? PassPro is a Government Authorized Agent for the Citizenship by Investment Programs of Antigua and Barbuda, St Kitts and Nevis and Dominica. Email info@passpro.co for more information.

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