Non-fiction

Investment Migration Programs 2024 is the comprehensive, systematic analysis and benchmarking of the world’s most important residence and citizenship programs.

The publication features two indexes — the Global Residence Program Index and the Global Citizenship Program Index. Updated annually by leading academic researchers, country risk specialists, economists, independent expert immigration and citizenship lawyers, and other specialists, the Global Residence Program Index and Global Citizenship Program Index reflect the relative worth of reputable residence and citizenship by investment programs around the world, respectively.

The indexes are complemented by insightful essays on engaging topics and investment migration trends, such as private wealth migration, how investment migration unlocks access for affluent investors, and the global movement of billionaires. There are also expert essays on sovereign equity and the pro-growth benefits of economic migration, and citizenship as club membership, looking at why states should behave as clubs, as well as commentaries on citizenship by investment as a form of facilitated naturalization, the rise of instrumental citizenship, and compensatory citizenship.

Investment Migration Programs 2024 is an indispensable resource for all those interested in keeping up to date with developments in the field or considering residence or citizenship by investment as an option for accessing new opportunities, be they private clients and their advisors, immigration professionals, or policy makers wishing to manage investment migration programs in order to achieve fiscal autonomy and economic growth.

Henley & Partners is the global leader in residence and citizenship by investment. Each year, hundreds of wealthy individuals and their advisors rely on our expertise and experience in this area. The firm’s highly qualified professionals work together as one team in over 60 offices worldwide.

The concept of residence and citizenship by investment was created by Henley & Partners in the 1990s. As globalization has expanded, residence and citizenship have become topics of significant interest among the increasing number of internationally mobile entrepreneurs and investors whom we proudly serve every day.

Henley & Partners also runs the world’s leading government advisory practice for investment migration, which has raised more than USD 15 billion in foreign direct investment. Trusted by governments, the firm has been involved in strategic consulting and in the design, set-up, and operation of the world’s most successful residence and citizenship programs.

The Henley & Partners – Kochenov Quality of Nationality Index (QNI) provides a comprehensive ranking of the quality of nationalities worldwide. To ensure a high level of reliability, a wide variety of strictly quantifiable data is used to gauge the opportunities and limitations that our nationalities impose on us. For that purpose, the QNI measures both the internal value of nationality, which refers to the quality of life and opportunities for personal growth within our country of origin, and the external value of nationality, which identifies the diversity and quality of opportunities that our nationality allows us to pursue outside our country of origin.

Updated with the latest data and edited by Prof. Kochenov and Justin Lindeboom, the third edition gives a global dynamic overview of the quality of all the nationalities in the world, providing a sketch of contemporary trends in citizenship and migration regulation worldwide.

Henley & Partners is the global leader in residence and citizenship by investment. Each year, hundreds of wealthy individuals and their advisors rely on our expertise and experience in this area. The firm’s highly qualified professionals work together as one team in over 60 offices worldwide.

The concept of residence and citizenship by investment was created by Henley & Partners in the 1990s. As globalization has expanded, residence and citizenship have become topics of significant interest among the increasing number of internationally mobile entrepreneurs and investors whom we proudly serve every day.

Henley & Partners also runs the world’s leading government advisory practice for investment migration, which has raised more than USD 15 billion in foreign direct investment. Trusted by governments, the firm has been involved in strategic consulting and in the design, set-up, and operation of the world’s most successful residence and citizenship programs.

Prof. Dr. Dimitry Kochenov holds a Chair in EU Constitutional Law at the University of Groningen in the Netherlands and chairs the Investment Migration Council, Switzerland. He has held numerous fellowships and visiting professorships worldwide, including at Princeton University (Crane Fellowship in Law and Public Affairs at the Woodrow Wilson School and Visiting Professorship at the Center for Human Values), NYU School of Law (Emile Noël Fellowship), Boston College Law School (Senior Clough Fellowship), Basel Institute for European Global Studies, and Osaka Graduate School of Law and Politics, as well as a Visiting Chair in Private Law (Citizenship) at the University of Turin, Italy. He publishes widely on different aspects of comparative and European citizenship law and migration regulation, and he consults for governments and international organizations on EU constitutional law and citizenship issues. Prof. Kochenov’s latest edited volumes include EU Citizenship and Federalism: The Role of Rights (Cambridge University Press, 2017) and The Enforcement of EU Law and Values (Oxford University Press, 2017, with András Jakab, University of Salzburg).

This book is the quintessential guide for global citizens and their advisors, such as law firms, tax consultants, private banks, and family offices. At the same time, the handbook is also invaluable for business owners, entrepreneurs, and investors who are interested in expanding their horizons.

“The definitive compendium of viable residence and citizenship options worldwide for anyone who is really serious about this topic.” Prof. Dr. Dimitry Kochenov, University of Groningen, The Netherlands; Chairman of the Investment Migration Council, Switzerland

“This book could be given to a client as an encompassing introduction to the subject, and, indeed, it is an excellent port of call for a practitioner not dealing with these topics on a daily basis.” STEP Journal

“… the encyclopaedia of residence- and citizenship-by-investment programs. It is a most valuable comprehensive reference addressing all questions that may come up when planning residence or citizenship in another country, including the legal, the financial, the personal and the practical.” Ghada Alaltrash, Gulf News, Dubai

Dr. Christian H. Kaelin, TEP, IMCM, Chairman of Henley & Partners, is considered one of the world’s foremost experts in investment migration, a field he pioneered. Holding master’s and PhD degrees in law from the University of Zurich, he advises governments and international organizations. He is the author, co-author, or editor of many publications, including standard works such as the Global Residence and Citizenship Handbook, the Kälin – Kochenov Quality of Nationality Index, and the Switzerland Business & Investment Handbook.

“This invaluable reference source for professionals will undoubtedly prove every bit as indispensable to the individual. Anyone seriously considering buying or selling a home abroad would do well to follow its advice to avoid the many pitfalls of the property maze.” Jill Keene, Editor, International Homes Magazine

“… a great reference book summarizing in a concise way the relevant information concerning the acquisition, sale and transfer of real estate in a number of important countries. It will be a very useful tool for the advisors of wealthy and internationally mobile individuals.” Prof. Dr. Hans Rainer Künzle, University of Zurich; Partner, Kendris, Zurich

“This book provides you with all the information you need concerning investing in properties abroad: it not only reviews the whole real estate acquisition process, from the search to the financing, but also gives a lot of tips and checklists. A must-buy if you are thinking about investing in real estate abroad.” Ángel Serrano, Manager International Clients, Deutsche Bank SAE

Dr. Christian H. Kaelin, TEP, IMCM, Chairman of Henley & Partners, is considered one of the world’s foremost experts in investment migration, a field he pioneered. Holding master’s and PhD degrees in law from the University of Zurich, he advises governments and international organizations. He is the author, co-author, or editor of many publications, including standard works such as the Global Residence and Citizenship Handbook, the Kälin – Kochenov Quality of Nationality Index, and the Switzerland Business & Investment Handbook.

Andrew J. Taylor is the Group Vice-Chairman and Partner of Henley & Partners, based in South Africa. Andrew is a leading authority in strategic advisory services focusing on international real estate for private clients and developers.

This book is an indispensable guide for high net worth individuals and entrepreneurs considering relocating to Austria and will also be of great value to their advisors. Dr. Juerg Steffen has compiled a comprehensive overview of the most important topics that should be taken into account when planning such a move, such as immigration law, customs, taxation, real estate, inheritance law, and health insurance. Other relevant topics featured are private foundations and banking. This revised and expanded edition has been written by an impressive team of leading experts who present complex topics in an accessible way and guide the reader through the relocation process with ease.

“A great reference book summarizing the various issues when considering making Austria your home. Well researched, it provides an excellent overview of all the essential topics such as taxes, property, health, and inheritance. It nevertheless manages to remain practical and succint.”

Dr. Bernhard Ramsauer
Chairman and CEO, Semper Constantia Privatbank AG

“It provides an invaluable summary of important matters relating to  relocation, such as real estate, customs, health insurance, taxation,  and inheritance. Anyone seriously considering moving to Austria should  read this book.”

Reinhard Leitner
Partner, LeitnerLeitner

Juerg Steffen is the Chief Executive Officer of Henley & Partners. Juerg has over 30 years’ experience in the financial services industry and is widely regarded as a leader of the investment migration industry.

After joining Henley & Partners in 2013 to set up the firm’s Singapore office, Juerg went on to establish Henley & Partners as a key player in what has become one of the industry’s key regions. Later appointed Chief Operating Officer of the group, Juerg has played a pivotal role in growing the firm and, indeed, the investment migration industry at large, improving Henley & Partners’ operational standing and developing key structures and processes that enable the firm to keep the industry-leading position it enjoys today.

Before joining Henley & Partners, Juerg was a personal advisor in the family office of one of Europe’s wealthiest families. Prior roles include serving as a member of the management board and head of the Wealth Planning department of a leading private bank in Austria. Juerg has also been a Director in the Cross-Border Wealth Planning department of UBS in Zürich, where he advised high-net-worth individuals and key clients in complex matters regarding financial, tax, succession, and residence and citizenship planning. He has also established and developed a private bank operation for one of the leading banks in Switzerland and is the editor of the definitive books on HNW relocation to Austria and Switzerland.

This book is an indispensable guide for high net worth individuals and entrepreneurs considering relocating to Switzerland and will also be of great value to their advisors. Dr. Juerg Steffen has compiled a comprehensive overview of the most important topics that should be taken into account when planning such a move, such as immigration law, customs, taxation, real estate, inheritance law, and health insurance. Other relevant topics featured are permanent residence and citizenship, pension, property law, and education. This revised and expanded edition has been written by an impressive team of leading experts who present complex topics in an accessible way and guide the reader through the relocation process with ease. 

“Relocation to Switzerland: An Introduction for High Net Worth Individuals and Entrepreneurs provides an invaluable overview of all the essential topics such as taxes, property, health, and inheritance. Anyone seriously considering moving to Switzerland should read this book.”

Martin Naville Chief
Chief Executive Officer, AMCHAM Switzerland

Juerg Steffen is the Chief Executive Officer of Henley & Partners. Juerg has over 30 years’ experience in the financial services industry and is widely regarded as a leader of the investment migration industry.

After joining Henley & Partners in 2013 to set up the firm’s Singapore office, Juerg went on to establish Henley & Partners as a key player in what has become one of the industry’s key regions. Later appointed Chief Operating Officer of the group, Juerg has played a pivotal role in growing the firm and, indeed, the investment migration industry at large, improving Henley & Partners’ operational standing and developing key structures and processes that enable the firm to keep the industry-leading position it enjoys today.

Before joining Henley & Partners, Juerg was a personal advisor in the family office of one of Europe’s wealthiest families. Prior roles include serving as a member of the management board and head of the Wealth Planning department of a leading private bank in Austria. Juerg has also been a Director in the Cross-Border Wealth Planning department of UBS in Zürich, where he advised high-net-worth individuals and key clients in complex matters regarding financial, tax, succession, and residence and citizenship planning. He has also established and developed a private bank operation for one of the leading banks in Switzerland and is the editor of the definitive books on HNW relocation to Austria and Switzerland.

We are in the midst of a global trend: the transformation of citizenship. This includes the acceptance of dual citizenship and the advent of ius doni, which provides the possibility of alternative citizenship by making an investment. At the same time, it creates social and economic development opportunities for States.

This study introduces the concept of ius doni into the contemporary legal and political theorizing of citizenship. Providing the first comprehensive analysis of the subject, it discusses the historical, legal, and political concepts of citizenship. It also introduces a new term for what is already an increasingly common and accepted practice of granting citizenship on the basis of substantial contributions to the State.

Dr. Christian H. Kaelin, TEP, IMCM, Chairman of Henley & Partners, is considered one of the world’s foremost experts in investment migration, a field he pioneered. Holding master’s and PhD degrees in law from the University of Zurich, he advises governments and international organizations. He is the author, co-author, or editor of many publications, including standard works such as the Global Residence and Citizenship Handbook, the Kälin – Kochenov Quality of Nationality Index, and the Switzerland Business & Investment Handbook.

This captivating book simply and engagingly captures the vital role forests play in combating the effects of climate change. The reasons for the current and historical demise of the forest are clearly outlined, followed by a fascinating insight into how a forest works to help the local and global environment. The book outlines a solution to global warming that is realistic, attainable, and beneficial to the Earth and her inhabitants. Bill Liao and WeForest’s laudable goals of making the Earth cooler, alleviating poverty, and restoring ecosystems are enshrined in case studies from around the world, vividly demonstrating reasons to be hopeful.

Bill Liao is a diplomat, investor, entrepreneur, business mentor, speaker, philanthropist, and author. Bill co-founded the business social network service XING and is a venture partner at SOSV, a global venture capital and investment management organization. Bill is a special diplomatic envoy for St. Kitts and Nevis for sustainable development and the environment. He is also the founder of WeForest.org, an international nonprofit organization combating global warming in the most natural way possible, by sustainably and holistically reforesting previously degraded land.

Bill is also the co-founder of the Coder Dojo movement to assist young people to learn how to program. Bill is dedicated to the vision that businesses and enterprises, both commercial and social, and conducted fairly and with respect for the environment, can and will create a better environment for work, life, and the world that we all share. This vision is captured in his book: Stone Soup – a Secret Recipe for Making Something from Nothing. Events and organisations he has spoken at include TED at Long Beach California, The Globe Forum in Stockholm, Sweden, The London School of Economics, and many others.