Immigration Lawyer (Australia). Licensed Immigration Adviser (New Zealand, License No: 200800438). Registered Migration Agent [No: 0530932] for Australia.
Areas of specialization include Investment Migration, Migration Laws, International investment laws, and also investment business projects.
Have over 35 years of experience in various fields including Marketing, Administration, Teaching and Immigration Law. Had held senior management positions in various industries. Assisted several business migration clients to Australia and also has assisted with starting a business in Australia. Have vast experience of serving clients from almost all over the globe including India, South Africa, West Indies, Europe, USA, Iran, Angola, Mauritius, Singapore, Malaysia, Thailand, Sri Lanka, UK, Australia, New Zealand, and Middle Eastern countries such as Oman and UAE.
In this interview with Venkateswaran Palat Krishnan, he shares with us his thoughts
- How would you describe the state of the investment immigration industry today?
Investment Immigration industry is poised for exponential growth, with host countries designing their investment based migration policies to attract foreign capital which provides improved economic conditions to the host country. As the host countries compete for the foreign capital in the investment immigration industry, it must be noted that due to the host country’s changing economic and political circumstances, their policies and regulations for foreign investors are also constantly changing. To accommodate these changing circumstances, the host countries also frame many alternative options for the international investors. Accordingly I find that the investment immigration industry is well poised for exponential growth offering the investors great options and opportunities.
- What do you think the wealth mobility demands of HNWIs in MENA?
The huge expatriate population in MENA, are having a keen interest to move to other destinations especially where their families are benefited by high quality lifestyle and future opportunities. The HNWIs in MENA will weigh the value the family will be gaining because of the mobility to other countries in terms of educational, cultural, business, health care and life style opportunities. These expatriates will be evaluating their options with the desired destination and their home country and also MENA options. Importantly, HNWIs in MENA will be mainly looking at the protection available to their investment in their host country.
- What do you think the wealth mobility demands of HNWIs in Mumbai?
Mumbai has the highest HNWIs in India. Delhi, Hyderabad and Bengaluru are also seeing high rise of HNWIs. With the estimated 8.5% annual growth of HNWIs, it is expected that India will have close to 450,000 US$ millionaires by 2023.
Reports for the year 2018 show that nearly 5000 HNWIs from India moved to international destinations. This is about 2% of the total HNWIs in India. Reports also confirm that most of the HNWIs moved to USA and Australia.
HNWIs in Mumbai weigh the “value” they will receive for the wealth mobility to other destinations. Apart from analyzing the life style opportunities, benefits received by the family from such wealth mobility, the “security” of the investment, they will be evaluating the financial “returns” they will be gaining by such international investments. Many of the HNWIs are having business experience background and are also having investment opportunities in Mumbai. Importantly they will compare these aspects offered by the host country with that of Mumbai’s vibrant economy. Thus they will closely looking at the benefits and financial returns they would gain by the wealth mobility.
- How do you see the industry evolving over the next 5 years?
With more countries entering into the Investment Migration Market, the investors will have many options. Many host countries also now offer options for investors to invest in the host countries low populated regional areas providing additional incentives. Many host countries have even offered lower capital for innovative start-ups and beneficial business ideas targeting investors who have the ability to provide increased economic activity and contribute to their regional development. This will also trigger more bilateral and multilateral agreements between States providing ways for foreign capital mobility and also increased protection to investors through international investment laws.
Venkateswaran Palat KrishnanMBA, MBus (VU), BSc, BGL, LLB, Juris Doctor (RMIT), GDLP (ANU), LLM (ANU) Director, Invest and Settle
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