‘70% increase’ in demand for European, Caribbean nationalities

Citizenship Invest CEO Veronica Cotdemiey
Updated 30 December 2017

‘70% increase’ in demand for European, Caribbean nationalities

Citizenship Invest, a market leader specialized in the fastest citizenship programs to legally obtain a second passport, has said that high net worth families and residents in the Kingdom contributed to over 70 percent increase in demand for second European and Caribbean nationality in Q4 of 2017.
The top three nationalities that contributed to this spike in demand are Yemenis with 31 percent, followed by Syrians by 15 percent, and Lebanese by 8 percent.
The increase in demand is also attributed to the latest amendments in the citizenship legislation of countries like Saint Kitts & Nevis, Commonwealth of Dominica, and Antigua & Barbuda.
The amendments decreased the application costs by 50 percent, which have made it a much more accessible process. Obtaining a European or a Caribbean passport has become a crucial requirement for high net worth individuals.
These passports provide people in the region with a sense of comparatively more security for their families and businesses, as well as freedom of movement.
Veronica Cotdemiey, CEO of Citizenship Invest, said: “We have been seeing a great increase in the number of families applying over single applicants. The main reason is that countries like Saint Kitts & Nevis and Antigua & Barbuda are accepting a family of four members for around SR500,000 ($133,400) when only two months ago the same would have cost over SR1 million.”
All the countries that have a fast-track citizenship by investment program offer a passport that allows a visa-free entry into 146 countries. These countries include nations under the Schengen zone as well as the UK, China, Singapore and Russia.
Caribbean countries also have strong ties with the Gulf Cooperation Council (GCC) countries, which makes their passports very popular among Middle Eastern investors.


Production of Aston Martin DB5 resumes after 55 years

Updated 31 May 2020

Production of Aston Martin DB5 resumes after 55 years

Dubbed “the most famous car in the world” and renowned as being among the most sought-after classic Aston Martin models, the DB5 has become a byword for timeless style and sports car desirability. Fewer than 900 saloon examples were built by the brand between 1963 and 1965, with by far the most famous of the original owners being the world’s best-known secret agent — James Bond — who first drove the car that is today inextricably linked with him in the 1964 film, Goldfinger.

Now, 55 years after the last new DB5 rolled off the production line at Aston Martin’s then-global manufacturing base in Newport Pagnell, Buckinghamshire, work is once again underway there on a strictly limited number of new DB5 models. Created in association with the producers of the James Bond films, EON Productions, and featuring a broad suite of working gadgets first seen on screen in the 1964 film, the Aston Martin DB5 Goldfinger Continuation cars are history in the making.

Each DB5 Goldfinger continuation car is priced at 2.75 million euros ($3.05 million), plus taxes.

The DB5 Goldfinger Continuation construction process — which takes around 4,500 hours per car — is being undertaken at Aston Martin’s Heritage Division headquarters in Newport Pagnell, Buckinghamshire.

Each of the 25 new cars is being built using a blend of Sir David Brown-era old world craftsmanship, with the application of modern engineering advancements and performance enhancements, alongside the integration of cutting-edge gadgets developed in association with Chris Corbould OBE, the special effects supervisor who has worked on more than a dozen Bond films.

Clive Wilson, Heritage program manager, said: “Seeing the first customer car move painstakingly through the intricate production process we have created really is quite a thrill.

“Obviously we have not, as a business, made a new DB5 for more than 50 years, so to be involved in the building of these cars, which will go on to form part of Aston Martin’s history, is something I’m sure all of us will be telling our grandkids about!”

Paul Spires, president of Aston Martin Works where the original DB5 was built and the new cars are also being created, said: “We are making, perhaps, some of the most desirable ‘toys’ ever built for 25 very lucky buyers worldwide.

“Creating the DB5 Goldfinger Continuation cars and working with EON Productions and special effects supervisor, Chris Corbould, is something truly unique and a real career highlight for everyone involved here at Aston Martin Works.”

First deliveries of the DB5 Goldfinger Continuation to customers will commence in the second half of 2020.