What If, When Borders Reopen, CBI Citizens Actually Move to Their COVID-Free Island Havens?

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Abstract

How prepared are small CIP countries for a potential deluge of CBI-citizens who want to move to their COVID-free islands when borders reopen?
Residence- and citizenship by investment (RCBI) laws allow the sale of passports with negligible or zero naturalization requirements. Any country may consider RCBI, holding recourse to its international recognition as a state to create, tap into, and leverage the asset of citizenship. In times of pandemics, physically spending prolonged periods in any given place may have become a factor no longer to be avoided but, rather, one that is now actually aimed-at. Physical presence and time in a safe place have regained renewed importance, and so has the bordered paradigm and the claim of the nation-state over a globalized world.
The pandemic is emphasizing the importance of local, physical, and territorial presence. Medium- and long-term strategic relocations have become the subject of renewed focus. In other words, the intentions of those buying passports today may have shifted.
Original languageEnglish
Number of pages2
JournalInvestment Migration Insider
Publication statusPublished - 23 Sep 2020

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