Industry Insights STEP Mauritius 2019

Residence and citizenship planning Program development for countries Focus Residence and citizenship planning Program development for countries Clients Wealthy individuals and families Governments worldwide Reach Over 300 staff Global presence Track Record 20 years leading the industry

Comprehensive Advisory Process Introduction of client Focus: Develop a medium- to long-term residence and/or citizenship strategy. Provide a fully managed process for busy people. Implement and manage all administrative tasks whenever possible. Visit and meet at clients’ offices or homes. Procure the desired residence and/or citizenship option. Ongoing strategy optimization Understand client profile Define strategy Implement strategy Henley & Partners office in the target country Henley & Partners office nearest to the home country of the client

Global Presence Antigua and Barbuda Australia Austria Canada China Croatia Cyprus Dubai (UAE) Greece Grenada Hong Kong Jersey Latvia Malaysia Malta Moldova Montenegro Philippines Portugal Singapore Slovakia South Africa South Korea St. Kitts and Nevis St. Lucia Switzerland Thailand United Kingdom Vietnam

Citizenship-by-Investment The term ‘citizenship-by-investment’ describes the policies of countries in which foreign persons may gain citizenship through significant capital contributions to the country. Several countries have programs in place to attract foreign high-net-worth individuals into the country in return for citizenship. The intention is to build a long-term affinity between countries and highly successful people

Residence-by-Investment The term ‘residence-by-investment’ describes the policies of countries that grant foreign persons a residence permit or card through capital contributions to the country. Several countries have programs in place to attract foreign high-net-worth individuals to the country in return for residence These programs are used to encourage wealthy foreigners to reside in their country

The Difference between Residence and Citizenship Programs Right to vote Ability to pass citizenship on to future generations Allows international travel Affords protection from the state Residence Right to live, work, travel, and study in a country Usually comes with conditions or requirements May give some travel rights Can be withdrawn Is likely to affect tax status

Reasons for an Alternate Citizenship (1/2) Visa waivers Retirement Opens travel to countries previously restricted by time-consuming visa application processes Freedom to retire in a safe country without worrying about changing immigration laws Independence Mobility Ability to travel or have the option to relocate at any time Freedom of movement when other nationals are exposed to physical or financial threats

Reasons for an Alternate Citizenship (2/2) Protection Tax planning Increased privacy in banking and improved physical security Citizenship is one of the tie-breaker rules in most double tax treaties Expatriation Security Becoming a citizen of a country with more favourable conditions Guarantees the right to a permanent alternative destination to reside in

Leading Citizenship-by-Investment Programs

Citizenship-by-Investment Programs There are currently nine countries offering citizenship programs that provide a direct legal route to citizenship based on capital contribution and that have passed Henley & Partners’ country due diligence process. Antigua and Barbuda Moldova Austria Montenegro Cyprus St. Lucia Grenada St. Kitts and Nevis Malta Other countries have similar provisions. However, not all countries offering citizenship-by- investment programs have established or clear practices and/or the programs are not transparent.

Leading Residence-by-Investment Programs

Residence-by-Investment Programs Henley & Partners handpicks the most attractive countries with regard to mobility, security, privacy, personal tax, and lifestyle. Australia Hong Kong Singapore Austria Malaysia Switzerland Canada Malta Thailand Channel Islands Monaco UK Cyprus New Zealand USA Greece Portugal