Too Much of a Good Thing?
Report

Too Much of a Good Thing?

Prudent Management of Inflows Under Economic Citizenship Programs

Xin Xu, Ahmed El-Ashram and Judith Gold
IMF, 2015
Get the Report

Read or listen offline

Amazon Kindle
audio autogenerado
  • 0.5×
  • 0.75×
  • 1×
  • 1.25×
  • 1.5×
  • 1.75×
1×
audio autogenerado

Editorial Rating

7

Qualities

  • Innovative

Recommendation

While not every country is blessed with abundant natural resources, a talented labor force or a good location for trade, all nations have a valuable asset in their legal sovereignty. Putting that sovereignty to work through setting up tax havens or leveraging trade access is nothing new, but selling passports or visas to the wealthy is a fresh growth area. While this enlightening report from International Monetary Fund economists Xin Xu, Ahmed El-Ashram and Judith Gold lacks discussion of the civic merits of exchanging citizenship or residency for money, it does offer guidelines for wisely managing these programs. getAbstract recommends it to policy makers and prospective applicants.

Summary

Many advanced and developing nations offer citizenship or residency rights in exchange for significant financial contributions. These economic citizenship programs (ECPs) and economic residency programs are growing, as the wealthy – particularly in developing countries and notably from China, Russia and the Middle East – seek greater global mobility in a post–September 11, 2001, environment. ECPs can also provide a safe haven from security concerns and taxes at home. ECPs typically require foreigners to pay fees, contribute to a state fund or invest in property. Nations such as France, Malta, Greece...

About the Authors

Xin Xu, Ahmed El-Ashram and Judith Gold are International Monetary Fund economists.

Comment on this summary or Comenzar discusión