---
title: Increased Global Demand for a Second Residency or Passport
---

 As the Covid pandemic disturbs many countries' economy and freedom of movement, there is a substantial increase in demand for a 2nd passport

| Not rendering correctly? View this email as a web page here.    Increased Global Demand for a Second Passport or Residency    Share this Newsletter As the Covid-19 pandemic continues to disturb many countries' economy and people's freedom of movement, there is a substantial increase in demand for a second passport or residency in countries offering Citizenship by Investment Programs. This surge in demand is understandable for several reasons including: Plan B for the future Realizing that no one is immune from an unprecedented crisis, more affluent families have rushed to enroll in a Citizenship or Residency by Investment Program in an effort to secure their future and their wealth. Obtaining a reputable second passport fairly quickly allows the whole family to have an 'emergency exit' and to be able to travel visa-free to over 165 countries. This type of Program represents, now more than ever, a Plan B as a protection for the current situation or for any other crisis to come. Flexible and more accessible programs Several countries in Europe or the Caribbean offering Citizenship or Residence by Investment Programs have made their procedures more flexible so that applications can be submitted online. The impact of this greater accessibility is reflected in a significant increase in requests for a second passport. Furthermore, several Caribbean countries have reduced some of the costs required to obtain a second passport for the whole family, attracting more applicants lately, especially since this incentive could be temporary and lasting only during the pandemic. More time to seize the opportunity Finally, several families took advantage of the forced confinement of Covid-19 to take action by starting their application process. The time available at home with the family allowed them to make a decision and act quickly to obtain a second passport or residency.  This will help them have freedom of movement and travel in many countries to capture business opportunities, especially after the Covid crisis. In the current context of global uncertainty, Citizenship or Residence by Investment Programs are increasingly popular with high net worth investors and families. For more than 30 years, TIMC has offered a holistic approach to its clients that has proven to be very effective in protecting them from global uncertainties. By geographically diversifying assets and citizenships simultaneously, this approach secures the future of the whole family. If you haven't started your application process yet, it's time to assess your options. We remain available to help you and your family achieve this goal.  For more details, click on one of these Programs: TIMC   1155 Metcalfe Street, Suite 1500    Montreal,  QC   H3B 2V6   Canada You received this email because you are subscribed to Newsletters from TIMC. Update your email preferences to choose the types of emails you receive.  Unsubscribe from all future emails  |
| --- |