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Indians topped the list for ‘citizenship by-investment’ in 2020

Published

3 years ago

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The Covid may have put international travel plans on the backburner but it has not stopped high net-worth individuals (HNWIs) from shopping for new countries to set up base in — either as long-term residents or citizens.

In 2020, wealthy Indians again topped the list of those making enquiries for ‘residence-by-investment’ or ‘citizenship-by-investment’ programmes. The number of enquiries rose from 2019, said a facilitating agency. Since India does not permit dual citizenship, opting for ‘citizenship by-investment’ means giving up one’s Indian passport.

The combination of Covid and political turmoil saw the US, in sixth place in 2019, shoot up to the second slot. The third, fourth and fifth spots in terms of enquiries made were taken up by Pakistanis, South Africans and Nigerians, respectively. These details were shared with TOI by Henley & Partners, a global firm engaged in residence and citizenship planning.

The interests of wealthy individuals in India and NRIs differ — the latter is more inclined to opt for ‘citizenship by-investment’ programmes. The former, with overseas business interests, typically look at European ‘residence by-investment’ options. The Portugal Golden Residence Permit Program, which requires a minimum investment of Euro 3,50,000 in real estate, is Europe’s most popular programme. NRIs tend to opt for European citizenship programmes.

International finance centres like Dubai, Hong Kong and Singapore have a large population of professional NRIs. If they are unable to get permanent residency or citizenship in these countries, they keep their options open.

The Covid may have put international travel plans on the backburner but it has not stopped high net-worth individuals (HNWIs) from shopping for new countries to set up base in — either as long-term residents or citizens.

In 2020, wealthy Indians again topped the list of those making enquiries for ‘residence-by-investment’ or ‘citizenship-by-investment’ programmes. The number of enquiries rose from 2019, said a facilitating agency. Since India does not permit dual citizenship, opting for ‘citizenship by-investment’ means giving up one’s Indian passport.

The combination of Covid and political turmoil saw the US, in sixth place in 2019, shoot up to the second slot. The third, fourth and fifth spots in terms of enquiries made were taken up by Pakistanis, South Africans and Nigerians, respectively. These details were shared with TOI by Henley & Partners, a global firm engaged in residence and citizenship planning.

The interests of wealthy individuals in India and NRIs differ — the latter is more inclined to opt for ‘citizenship by-investment’ programmes. The former, with overseas business interests, typically look at European ‘residence by-investment’ options. The Portugal Golden Residence Permit Program, which requires a minimum investment of Euro 3,50,000 in real estate, is Europe’s most popular programme. NRIs tend to opt for European citizenship programmes.

International finance centres like Dubai, Hong Kong and Singapore have a large population of professional NRIs. If they are unable to get permanent residency or citizenship in these countries, they keep their options open.

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What monkey fled with a bag containing evidence in it: Read full story

Published

2 years ago

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May 5, 2022

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The court, generally, considers a person who commit a crime and the one who destroys the evidence, as criminals in the eyes of law. But what if an animal destroys the evidence of a crime committed by a human.

In a peculiar incident in Rajasthan, a monkey fled away with the evidence collected by the police in a murder case. The stolen evidence included the murder weapon (a blood-stained knife).

The incident came to light when the police appeared before the court and they had to provide the evidence in the hearing.

The hearing was about the crime which took place in September 2016, in which a person named Shashikant Sharma died at a primary health center under Chandwaji police station. After the body was found, the deceased’s relatives blocked the Jaipur-Delhi highway, demanding an inquiry into the matter.

Following the investigation, the police had arrested Rahul Kandera and Mohanlal Kandera, residents of Chandwaji in relation to the murder. But, when the time came to produce the evidence related to the case, it was found that the police had no evidence with them because a monkey had stolen it from them.

In the court, the police said that the knife, which was the primary evidence, was also taken by the monkey. The cops informed that the evidence of the case was kept in a bag, which was being taken to the court.

The evidence bag contained the knife and 15 other important evidences. However, due to the lack of space in the malkhana, a bag full of evidence was kept under a tree, which led to the incident.

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