Vancis Capital and Global Residence Index Complete €21 Million Merger

Vancis Capital and Global Residence Index (GRI) have finalized their merger following a six-month negotiation period, resulting in an implied combined valuation for the new company of €21 million.

The companies completed the transaction through legal and accounting professionals on November 7, 2024.

Dwayne Chauhan will act as Group CEO, overseeing both Vancis Capital and GRI.

Mark Damsgaard joins as VP of Marketing at Vancis Capital, focusing on European residency programs and real estate opportunities across Europe.

The companies expect to complete integration within two months. Vancis Capital will oversee operations while GRI continues as its information platform.

The new company will maintain offices in Dublin, Dubai, Istanbul, Port Vila, and Cebu, working with government bodies and regulatory agencies on citizenship programs, residency pathways, real estate investments, and government sovereign bonds.

“The significant online presence of Global Residence Index unlocks new opportunities,” Chauhan notes about the merger’s impact on their European residency programs and real estate operations.

Both firms will launch a new platform to rank global residency programs, expanding their real estate services across European markets.

Six years of operational collaboration underpin the merger, which combines GRI’s digital platform with Vancis Capital’s services.

The company projects annual revenue of €7.2 million within 24 months. They expect “a substantial increase in growth” in the near term, citing “recent political changes and emerging uncertainties” as significant drivers.

The deal represents 2024’s second significant investment migration consolidation after BLS International acquired Citizenship Invest for $31 million in September, a deal that played a central role in securing Citizenship Invest’s founder Veronica Cotdemiey the 2024 IMI Person of the Year award.