Harvey Law Group (HLG), a business law firm that supports businessmen worldwide, sees more wealthy Filipinos to seek a second citizenship.
“I think we’re going to see a lot more Filipinos who will look into engaging in succession planning, and to do that they probably need to go further into Europe, particularly Cyprus, where they allow citizenship by descent, which means it last for as long as your line lasts,” Paul Boldy, HLG country manager was quoted saying in an ANC report on February 2.
“I think we’ll see more people look at that because it offers a secure area, good healthcare, free education and basically, it’s real estate investment,” he added.
Boldy further said in the same report that he thinks Filipinos would more likely take the Caribbean passport because it is a “fantastic travel document” that is inexpensive and quick to get.
According to ANC, he also noted that the Philippines has been evolving into a more attractive business and tourism destination.
With the country now facing criticisms and issues on martial law, and war on drugs, Boldy said that for him, these will discourage foreigners.
In fact, he said that he also sees more foreign nationals eyeing a naturalized Filipino citizenship.
For Boldy, “Things will move forward, a lot of regulations are very old and were actually brought around at a time when the Philippines wasn’t as dynamic as it is now. Things will change over time.”
HLG is a multinational immigration and business law firm founded by Jean-Francois Harvey in 1992. Apart from Manila, it also has offices in Phnom Penh, Montreal, Hong Kong, Beijing, Ho Chi Minh City, Da Nang, Hanoi, Yangong, and Singapore.
According to its official Facebook page, it also offers immigration to Australia, Canada, France, Greece, Hong Kong, Singapore, St. Kitts & Nevis, United Kingdom, and the United States of America.