Saudi high net worth investors have boosted demand by 70% in acquiring second citizenship from European and Caribbean countries, says the news report.
According to Trade Arabia,  High net worth families and residents in Saudi Arabia contributed to over 70 per cent increase in demand for second European and Caribbean nationality in the final quarter (Q4) of 2017, said an industry expert. The top three nationalities that contributed to this spike in demand were Yemenis with 31 per cent, followed by Syrians by 15 per cent, and Lebanese by 8 per cent.
The demand for urgent second passports is caused by Economic distress in Middle East,  Strict Immigration policies applied by US, EU countries on Arab nations, and Lowering of citizenship prices by several Caribbean countries Antigua, Dominica, St Kitts etc.
The price for buying a citizenship starts at $100,000 (Antigua, St Lucia, Dominica) and in Europe the price of Malta citizenship starts at 900,000 euros.
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