Investment Migration (IM), informally known as Citizenship-by-investment (CBI), is one of the easiest and most effective methods to attain a country’s citizenship or passport. According to the data compiled in 2020, the IM industry is valued at over $21.4 billion, with some notable countries gaining 50% of their GDP through these schemes.
Despite playing a pivotal role in the economy of several countries, Investment Migration is one of the excellent methods to grow one’s business. The Covid-19 pandemic has made it more than evident that sustainable business growth requires accessibility, mobility, and global recognition. IM helps to achieve all these goals and, thus, adds to the overall growth of your business.
Benefits of Investment Migration for Business Growth
It enables investors and buyers to access their desired markets without encountering any shortcomings. Besides, below are some of the other notable aspects of IM that significantly contribute to business growth and are recommended to entrepreneurs struggling with their startups in their native country.
1. Access to Desirable Markets
With IM programs, businesses can access new markets with desired prospects. Sometimes, your native country might not offer sustainable business growth due to uncertain economic conditions or a lack of viable opportunities. In such situations, you can opt for migration and start your business in a market with desirable prospects.
2. Make your Business “Global”
Localized businesses no longer show viable growth and have a lower rate of success. Over the years, mobility has emerged as one of the most crucial factors in business expansion. When you expand your business to multiple destinations, you can make it independent of regional limitations and secure it from market instabilities.
3. Tax Benefits
You can shield your startups from additional expenditures by migrating your wealth to tax-free countries. Countries like the US and in Europe are notorious for their high tax and duty rates. Entrepreneurs are escaping such destinations and migrating to business-friendly destinations with tax relaxations and incentives.
4. New Labour Market
Migrating to a new country can also help you access a new labor market and diversify your company’s portfolio. By recruiting employees from different parts of the world, you can bring universality to your business and, thus, attract new clients.
5. Secure and Predictable Turnovers
Investing in a regionally and politically stable country can secure your business from uncertainties and generate predictable turnovers. Working in a sturdy and safe environment can help in making better decisions, improving business reputation, and ensuring success in the long run.
6. Target a More Suitable Customer Base
Access to a suitable customer base is one of the most crucial aspects of viable business growth. If your business campaigns cannot reach the target audience, they will not get the required exposure and, thus, cannot generate turnovers. With IM, you can transfer your business to a country with greater customer exposure.