The British Have Become Even More Interested In Second Citizenship

From 1 January 2021, Britons are banned from entering the European Union. This is due to the current security restrictions associated with COVID-19. Travel to the EU will only be allowed if necessary, and only to citizens from countries with low infection rates.


This is why wealthy British people are actively looking for ways to diversify their wealth in the face of unpredictability. Brexit has left people unsure of their future and second citizenship gives people the financial freedom and “insurance” they seek.


In October, EU member states agreed to accept the European Council's proposal to allow non-essential travel from a small group of countries with lower rates of coronavirus cases, including Australia, New Zealand, and South Korea. However, this rule is not planned to apply to the UK.


Citizenship by investment programs that the British also consider are Caribbean programs. The first CBI program was introduced in Saint Kitts and Nevis in 1984 and has since been internationally recognized as the Platinum Standard for Investment Migration. In addition, the Commonwealth of Dominica has been recognized as the world's best second citizenship proposal by an annual independent study conducted by Financial Times' Professional Wealth Management magazine.