As the world economy has become increasingly globalized, the need for greater visa-free access has grown steadily. Across the economic spectrum, individuals want to transcend the constraints imposed on them by their country of origin and access business, financial, career, and lifestyle opportunities on a global scale.
Wealthy individuals in particular are more cosmopolitan and transnational today than ever before, with roots, networks, assets, properties, and even citizenship spanning multiple countries. In many ways, global connectivity has become an indispensable feature of wealth creation and wealth preservation, and its value will only grow as regional volatility and instability increase.
This is particularly relevant for owners of luxury assets such as yachts and private jets who wish to enjoy their assets unencumbered by the need for additional visa requirements. The benefits of an alternative citizenship for owners and indeed crew – as well as professional staff such as PAs, EAs and chiefs of staff who work closely with their principals are therefore great.
Henley & Partners is highly research-led. The Henley & Partners Passport Index 2019 ranked the world’s passports against freedom of movement, highlights include the UK, Swiss and Portuguese passports ranking as fifth-best, ahead of even the US and Malta. Spencer Buley Group is truly delighted to welcome another world leader in their field and one that is so vital to so many of our customers. For further details contact Irina Curbelo – Managing Partner, UK Irina.Curbelo@henleyglobal.com