July 12, 2018
Henley & Partners, a leading global investment migration firm, has won the public tender to design, implement, and promote the much-anticipated Moldova Citizenship-by-Investment (MCBI) program. The firm submitted its application for the public tender — issued by the Ministry of Economy and Infrastructure of the Republic of Moldova — at the end of May.
The MCBI program, set to launch within the next few months, will become the third such program in Europe — after Malta and Cyprus —and the most affordable, giving individuals the opportunity to acquire alternative citizenship by making a EUR 100,000 contribution to Moldova’s Public Investment Fund.
Henley & Partners has accumulated over 20 years of experience working with governments in North America, the Caribbean, Europe, and Asia on the design, set-up, operation, and promotion of some of the world’s most successful residence and citizenship programs, raising more than USD 7 billion in foreign direct investment (FDI).
The firm applied for the mandate as part of a consortium together with MIC Holding LLC (Moldovan Investment Company), a company based in Dubai, UAE and founded to focus on strategic FDI initiatives. In addition, an agreement has been signed with the Boston Consulting Group (BCG), a leading global management consulting firm with 90 offices in 50 countries, to provide advice on best-in-class FDI strategy and implementation.
“The program is poised for success on account of its competitive pricing structure and strong value proposition,” says Marco Gantenbein, Executive Committee member at Henley & Partners. “Moldova offers its citizens visa-free access to 121 destinations, including the countries in Europe’s Schengen Area as well as Russia and Turkey. It has entered into an association agreement with the EU and is aiming to become a candidate country for EU membership.”
Moldova’s Minister of Economy and Infrastructure, Chiril Gaburici, says his government’s primary objective is to create long-lasting societal value for the Moldovan people. “The MCBI program will provide our economy with valuable FDI that will enhance the daily lives of all Moldovans. Uncompromising due diligence standards and compliance procedures will guarantee the credibility, competitiveness, and long-term sustainability of the program. In this regard, we are delighted to be working with Henley & Partners, whose good governance systems are industry-leading.”