A lawyer who helps ultra-wealthy families get secondary citizenships says business is booming in 2020 and not just because of the coronavirus
- Small countries have long sold residency and passports to those with spare money willing to invest.
- Some of those are now essentially worthless with travel restrictions implemented due to the coronavirus.
- That’s why the ultra-wealthy seek out services of people like David Lesperance, a lawyer who’s made a decades-long career out of secondary citizenships and doomsday plans.
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The old adage says that consumers will vote with their wallets, but David Lesperance has a different analogy: voting with their feet.
Lesperance, a double-decade American expatriate who’s made his career out of helping wealthy people around the world move their citizenships and acquire secondary passports for any multitude of reasons, says business is booming this year. And with one of the most closely watched elections in history unfolding in the upcoming months, he says the ultra-wealthy are worried about more than just a global pandemic.
“If you look at the various markets, China picked up when Xiao Jianhua was snatched out of the Four Seasons in Hong Kong [three years ago],” Lesperance said in an interview. “People said ‘Crap. They’ll just come and grab you.'”
Things only escalated in-step with Hong Kong’s extradition bill and …continued .
[Source: Business Insider]