BLS International to Acquire Dubai-Based Citizenship Invest Firm

14 Sep, 2024

BLS International to Acquire Dubai-Based Citizenship Invest Firm

BLS International Services has signed an agreement to acquire 100% of Citizenship Invest (CI), a Dubai-based advisory firm. Specializing in fast-track investor programs for residence and citizenship in over 15 countries, CI is valued at US$ 31 million (~Rs 260 crore). The transaction will be financed through internal accruals and is expected to close by October 31, 2024, pending approvals.

This strategic acquisition expands BLS’s Visa & Consular services portfolio, particularly in long-term visa solutions. Over its 15 years, CI has established a strong brand, assisting high-net-worth individuals with citizenship and residency visa applications. With a remarkable 99% application success rate, CI has served over 1,800 clients from more than 85 nationalities.

Founded in 2009, Citizenship Invest has proven its market presence with a 28% revenue growth and a 43% EBITDA growth in 2023, achieving an EBITDA margin of 45%. This acquisition is set to enhance BLS’s global network across 66 countries, significantly boosting processing volumes and solidifying its position in the citizenship and residency visa sector.