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Sometimes (but not always accurately) dubbed “golden visas,” this market offers a significant option for HNW individuals and families seeking places in which to live and build a business. At times controversial, firms continue to operate in this space as a source of revenue.
Farro Ventures, parent company of Singapore-headquartered
multi-family office Farro Capital, has
created a new subsidiary – Farro & Co – to focus on
international mobility and immigration solutions for ultra-high
net worth clients.
Farro &
Co will work with other parts of the Farro group to work in
markets such as China, India, the Middle East and Southeast Asia.
The new organisation is led by CEO Nirbhay Handa. Prior to
founding Farro & Co, Handa served in leadership roles at
Henley & Partners, a firm specialising in the
citizenship/residency-by investment sector. At Henley &
Partners, he was group head of business development and Asia head
of private clients.
The new entity will offer services including migration
by investment, citizenship acquisition, skilled visa assistance,
business incorporation, and international real estate
services.
The business sector of citizenship/residency-by-investment,
sometimes dubbed the “golden visa” sector, continues to be
active, as affluent and high net worth individuals seek options
on where to live. Sometimes they are leaving politically
oppressive countries, or seeking access to regions such as the
European Union for business reasons. The sector has its critics,
who have claimed that it can be a conduit for dirty money. A
number of nations such as Portugal, Ireland, Malta, Canada and
the UK have reformed, cut or suspended these programmes. (This
news service has interviewed the Investment
Migration Council, an organisation representing much of the
sector, here.)
“Despite growing demand for mobility solutions and rising
familiarity with its many advantages, the intricacies and
complexities of today’s immigration landscape are often still
underappreciated or, simply, misunderstood,” Handa said. “We want
to challenge existing offerings in the market by bringing
together a unique combination of advisory capabilities that
empower clients to build a global legacy with absolute clarity.”
(Nirbhay Handa, founder and CEO of Farro & Co (left), Sandeep
Jain, co-founder and managing partner at Farro & Co (right))
Among recent developments, in August, Farro & Co appointed
Tiffany Ong, as partner, North Asia and Abhishek Menon
as partner, Middle East, expanding the initial team to a
total of four partners and four support staff.
This publication has interviewed Farro Capital about its overall
strategy here.
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