You are currently viewing Mimoun A. Assraoui: Addressing Migration Needs of Investors and High-net-worth Individuals
Mimoun Assraoui, CEO, RIF Trust & Group Vice-Chairman., Latitude RIF TRUST and Latitude Group

Mimoun A. Assraoui: Addressing Migration Needs of Investors and High-net-worth Individuals

The whole world is a playground for entrepreneurs, high-net-worth individuals, and investors, and therefore having multiple citizenship or residency options is their essential need. When Mimoun A. Assraoui saw the growing demand amongst high-net-worth individuals and investors seeking second citizenship or residency in the Middle East and Africa, he founded RIF Trust in Dubai, UAE.

Mimoun is the CEO of RIF Trust and Group Vice-Chairman of Latitude. RIF Trust has grown to become one of the largest global investment migration advisory in the Middle East and Africa with over 90 staff worldwide spread over 19 countries through hard work and perseverance. The business has expanded its brick-and-mortar in Brazil, Canada, Cayman Islands, China, Egypt, India, Lebanon, Malaysia, Malta, Montenegro, Morocco, Nigeria, Russia, South Africa, KSA, South Korea, UAE, UK, and the USA.

Enabling Greater Freedom to Travel and Asset Optimization

After working with different international banks, sovereign wealth funds, and family offices throughout the Middle East and Africa for 24 years, Mimoun left the banking world in 2013 to set up RIF Trust. To compliment RIF Trust’s ongoing pursuit to provide unrivaled service for its clients, RIF Trust has partnered with a leading citizenship and residency consultancy, Latitude Group.         The partnership has assisted the firm’s global ambition to provide outstanding service, smooth processes, and transparency while helping high-net-worth individuals and investors gain greater freedom to travel and asset optimization.

RIF Trust has already assisted over 2,000 clients and their families with obtaining Residency or Citizenship by Investment. The company’s mission is to expand, grow and satisfy the needs of its clients by bringing them market-leading solutions and programs. RIF Trust’s residency programs can entitle investors to visa-free travel, access to education, and free healthcare.

Recognizing Key Benefits of Crypto-currencies

RIF Trust has recognized the key benefit of crypto-currencies from the beginning of its foundation. It is proud to be the first citizenship-by-investment company to accept bitcoin payments in the Middle East, Africa, and Europe. Nowadays, its clients are interested in migrating to countries with crypto-friendly policies, such as Portugal, which doesn’t impose any taxes on payments in crypto-currencies. The Portugal Golden Visa programme provides investors with a residency opportunity in exchange for an investment.

No Tax on Crypto Gains

Cryptocurrency has become an increasingly popular source of wealth for many RIF Trust’s new clients. It expects this trend to continue as more “crypto-millionaires” are created by adopting this new currency. Many countries that offer citizenship by investment are also becoming more accepting of crypto-currency. Caribbean countries like Grenada, St Kitts and Nevis, Antigua and Barbuda, Dominica and the South Pacific country of Vanuatu, all offer a lenient tax system which entails zero tax on capital gains, including crypto gains. By becoming a citizen in one of these countries, RIF Trust clients are able to establish tax residency and benefit from the generous tax system the country has to offer. This is especially attractive for crypto-investors who live in countries with strict “no crypto” bans.

Preventing Fluctuations in Financial Markets

Mimoun would like to work closely with governments to help regulate the crypto-economy and make it the new norm for regular people to pay for their daily groceries with crypto-currencies. The global economy, as it is, has suffered enough from crises and recessions, and current centralized banking ecosystems cannot prevent sharp fluctuations in the financial markets. Mimoun would like to help find a solution.

The big players in the financial market of crypto-currencies are the young mid-range investors who look forward to owning their future, moving freely, and pushing their boundary lines. The same segment forms a large part of RIF Trust’s client base in the investment migration industry. RIF Trust gives investors the chance to have the freedom of global mobility.

Being Keen to Adapting New Market Norms

The big change in the banking industry in the coming times will be the move towards more simplicity in banking services backed by fintech solutions. Banks can expand their cloud-based services in line with the rise of sustainable finance and tokenization of assets. RIF Trust is among the pioneers keen to adapt to new market norms. The company expects HNWIs in the Middle East and Africa to continue to seek second citizenship and residency as their plan B and diversify their investment portfolio with crypto wallets and NFTs.

Becoming International Leader in Investment Migration Industry

RIF Trust has achieved a 99% of approval rate for its clients’ applications. Within nearly ten years in Investment Migration Industry, it has been able to list all residency and citizenship by investment programs in its offerings. RIF Trust has recently been named the Investment Migration Council’s (IMC) Regional Representative Office in the Middle East. As a firm that endeavours to uphold the IMC’s Code of Ethics and lead by example, the prestigious appointment was an expected outcome and the cause of great celebration. RIF Trust is classified among the fastest-growing companies in the investment migration industry by several industry-specialized publications.

RIF Trust’s goal is to become the international leader of the Investment Migration Industry. With its current growth rate, Mimoun thinks that the company can achieve that status in very short order. RIF Trust wants to keep developing and winning mandates in three market segments: B2C, B2B, and Government Advisory. Mimoun says, “We like to surround ourselves with like-minded colleagues and partners that help push our industry forward and bring innovative solutions to our esteemed clients.”

Being Open to Doing Business Across the Globe

Entrepreneurs seek new sources for fresh investment and capital to sustain the growth of their ventures. This could mean that they are required to participate in international events and conferences or establish a business base internationally, and these activities require a high level of global mobility. With the current state of national borders, entrepreneurs need passports that allow them greater freedoms to travel and do business across the globe. Mimoun advises entrepreneurs to make smart investments that will pave the road for their future and tells them that second citizenship is one major way to do it.

Download the 2022 RIF Trust Citizenship Guide here: