The Moldova Citizenship-by-Investment (MCBI) program — the latest and most exciting new investment migration opportunity in Europe — has been officially launched and is now accepting applications. Henley & Partners, global leaders in residence and citizenship planning – in partnership with its consortium partner, the Moldovan Investment Company – are assisting the Government of the Republic of Moldova in designing, implementing, and internationally promoting the much-anticipated MCBI program.
Amanda Smit, Director, Head of Henley & Partners Central, Eastern and Southern Africa, says of the Moldova program: “The launch of this prestigious new European program is momentous in the investment migration community as it boosts the industry’s relevance and value. The MCBI program offers investors a foothold in Europe and access to one of the fastest growing commercial hubs in the region, while also giving Moldova the chance to attract much-needed foreign direct investment and a set of highly qualified and carefully vetted new citizens.”
His Excellency Chiril Gaburici, the Minister of Economy and Infrastructure for the Government of Moldova, provides insight into the program’s origins: “The MCBI program has been specifically developed with the Moldovan people in mind. Our country has come a very long way over the past few years, and many of our most important industries are today thriving and growing. Now, in order to take the next step forward in our economic development, and also support the social wellbeing of all Moldovans, we need to welcome innovative new ways of generating capital. The MCBI program is part of this future-focused approach.”
The MCBI program requires applicants to make a defined economic contribution to the country through its Public Investment Fund. In exchange, and subject to a stringent vetting and due diligence process, applicants and their families are granted full citizenship rights that are transferrable without restrictions to future generations. They also gain a passport that facilitates travel access to 122 destinations around the world, including Russia, Turkey, and the countries in Europe’s Schengen Area.
The Moldovan passport is in fact one of the highest historical climbers on the Henley Passport Index, having ascended an impressive 20 places since 2008. The Moldovan Government is working hard to continue this upward trend and has already signed several visa-waiver agreements with foreign countries this year, further boosting the power of the Moldovan passport.
Smit elaborates on the program offering: “The attractiveness of the MCBI program lies in the country’s unique geographic position at the crossroads of Europe, the Middle East, and Asia and its robust passport strength, combined with the genuine affordability and accessibility of the program. Moldova is a high-growth, high-potential European country, with strong economic and diplomatic ties with the EU, and many individuals around the world want to be part of its current and future successes. Certainly, Henley & Partners is proud to be a partner to this remarkable nation, whose citizenship-by-investment program is set to redefine the European investment migration landscape.”
Henley & Partners has recently recorded an upsurge of 229% year-on-year in South Africans applying for alternative citizenship, mostly looking into European states such as Malta and Cyprus. South Africa is currently ranked 52nd on the Henley Passport Index, with visa-free or visa-on-arrival access to 102 destinations. This marked increase in applications can be attributed to a growing recognition of the need for global mobility. The MCBI program, with its highly competitive pricing structure, will appeal to those who are not necessarily looking to relocate but who would like to secure a ‘plan B’ or expanded traveling access for themselves and their families.