26 UGLOBAL IMMIGRATION MAGAZINE
MEXICO ’ S INVESTMENT IMMIGRATION POTENTIAL REMAINS UNTAPPED
BY SALMAN SIDDIQUI , STAFF WRITER
Global investment immigration firms have an opportunity to tap into the Mexican investor market and its flow of capital since many HNWI individuals are interested in gaining second passports and residency in other countries .
Mexico is the second largest country in Latin America in terms of HNWI population .
In a World Wealth Report 2021 released in early July , the Capgemini Research Institute revealed the global HNWI population increased by 6 % during the pandemic era ; and the Latin America HNWI wealth grew by 0.5 %. Mexico , a country of 128 million people , has been severely affected by the pandemic , and its economy has taken a hit . However , despite the COVID impact , the global investment immigration industry is yet to properly explore the potential in the region , industry professionals say .
According to a Golden Sachs report , Mexico comes right after Brazil in terms of having the highest total HNWI population in Latin America . An estimated 95,423 HNWI have a wealth range of $ 1 million to $ 5 million in Mexico ; 8,229 HNWIs are in $ 5M-10M range ; 5,040 HNWIs in $ 10M- $ 50M range ; 435 HNWIs in $ 50M- $ 100M range ; and 39 HNWIs in $ 500M plus wealth range .
For a variety of reasons , including COVID and political instability , there is already a significant flight of capital taking place from the country . In a recent report , the U . S . Treasury Department showed that investors were pulling their money out of Latin American countries . It is estimated that a total of $ 11,531 million left Mexico in February 2021 compared to the same month last year . The global investment immigration firms have an opportunity to tap into this flow of capital since many HNWI individuals are interested in gaining second citizenship as well as residency as they try to invest their money in more stable markets abroad .
INCREASED INTEREST IN INVESTMENT IMMIGRATION IN LATIN AMERICA
Dr . Yuu Shibata , who has a Ph . D . in EU Law and is a Legal Consultant at the Italian law firm , Mazzeschi , told Uglobal that their firm was seeing a great increase in RCBI queries from South America .
“ Most of the clients are interested in coming to Europe due to the economic instability in most of the Latin American countries . However , such an increase might be also due to the fact that lately , we have been promoting information regarding Italian immigration and citizenship in Spanish ,” Shibata said .