Citizenship by Investment
Investors are being incentivised to buy property in Dubai with the opportunity to obtain a Moldovan passport offered as part of the property package. Does this market in citizenship by investment expose countries to criminals who wish to launder money within their borders?
In this article in Wealth Briefing Sian explores some reasons, other than criminality, that might lie behind this trend. Some of her clients welcome the layer of privacy which a second passport affords when distancing oneself from corrupt tax authorities. Furthermore, internationally mobile entrepreneurs can avoid crippling delays through the visa free travel areas facilitated by some passports.
Sian also points out that it is doubtful that a country would weaken the reputation of its border controls by allowing easy access to criminals.