THE LEX COLUMN: A golden visa at what price?

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THE LEX COLUMN: A golden visa at what price? 🔒

Why settle for two weeks in Bognor Regis when you could have a lifetime on the dazzling beaches of Antigua? Just $132,500 buys you citizenship to the Caribbean island with visa-free access to its 365 beaches — and more alluring still, to 165 countries from the UK to China and even Vatican City.

Hence the appeal of so-called golden visas that grant the owner, for a fee, a new passport and an ability to put a girdle around the globe as many times as they wish. The rich are big fans: 36% of the ultra wealthy surveyed by Knight Frank have a second passport or dual nationality, with Russians leading the pack. But the practice is coming under increasing scrutiny.

 

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