In this second part of an interview with Investment Migration Insider, Dr. Christian H. Kälin, CEO and Chairman of Henley & Partners, talks about where the residence and citizenship by investment industry will be in five years.
“There will be more regulation, no question,” said Kälin, and indicated a focus on due diligence would become even more pronounced in the near-term.
“If you look at what Malta now does [in terms of due diligence], that’s currently the gold standard, I think you will see more countries looking at that. We also see countries observing this and, for instance, going to Malta and studying their system,” he continued, referring to the country’s standards of background verification and independent auditing of the processing unit.
“This standard will probably be the norm in five years’ time.”
The Henley & Partners Chairman also prognosticated that from a sociopolitical point of view, citizenship by investment will become much more accepted.
He also spoke briefly on the topic of the long-planned change in executive leadership at his firm.
“Later this year, or early next year, we’ll have a new CEO, this is in planning,” said Kälin.
Watch the full 5-minute clip below.
