Indians are �Buying� Foreign Residency for Visa-Free Travel

Business Immigration Visas15 May, 2021Legal

The Henley Passport Index has ranked the Indian passport the 85th place, based on the criteria of visa-free access to foreign countries. Indonesia, Colombia, and South Africa have ranked higher than India. Although Indians have emerged as leaders in telecom, IT, and pharmaceuticals over the past two decades, the wealthiest people in the country still do not have the luxury of traveling overseas without visa restrictions. According to available information, the year 2020 saw a 63% rise in the number of Indians interested in attaining foreign residency and citizenship by investment. Many of these people are high-net-worth individuals, who have assets amounting to $1 million or more ? and are keen to travel whenever they want, to any destination of their choice, for leisure or business reasons.