Fragomen Appointed European Representative for Citizenship-by-Investment Association

Fragomen LLP has been appointed as the Investment Migration Council (IMC) Regional Representative Office (RRO) for Europe.

Last November, Fragomen, the world’s leading immigration services provider, joined with other leaders in the fields of immigration and citizenship-by-investment to establish the Investment Migration Council (IMC). IMC Advisory Committee members include Austin Fragomen, partner and chairman of the Fragomen Executive Committee and Nadine Goldfoot, partner.

The Geneva-based nonprofit organisation was created to improve public understanding of the issues faced by investors and governments, promote education of the field, and propagate professional standards and ethics. The IMC is initially opening offices in New York, London, Dubai and Hong Kong. Professor Dr. Dimitry Kochenov, chair in European Union Constitutional and Citizenship Law at the University of Groningen in the Netherlands, is serving as IMC chairman.

“Investor immigration is a diverse, rapidly growing field being driven by a variety of factors, including growing private wealth in emerging economies, interest in visa-free travel, and high-net-worth individuals seeking insurance against political, social or economic upheaval at home,” said Nadine Goldfoot. “The IMC will serve as the primary organisation for the field, bringing together key stakeholders and giving the industry an official voice. As the Europe RRO we will we working closely with our colleagues in the industry to promote best practice and share thought leadership throughout the region.

As a world leader in immigration, Fragomen has extensive knowledge of investor migration policies and programs around the world. The firm’s Worldwide Private Client Practice provides assistance to high-net-worth individuals, their families and their advisors as they navigate the complexities of alternative citizenship and residency programs in jurisdictions worldwide.