BLS International Acquires Citizenship Invest for $31M, Boosting Long-Term Visa Solutions

BLS International Services Limited has announced the signing of a definitive agreement to acquire a 100% stake in Citizenship Invest (Cl), a Dubai-based advisory firm specializing in fast-track investor programs for obtaining residence and citizenship across more than 15 countries. The acquisition, valued at $31.0 million, is expected to be completed by 31 October 2024, subject to necessary approvals. Citizenship Invest has a strong brand and goodwill among high-net-worth individual (HNWI) clients, with an impressive 99% application success rate and a robust EBITDA margin of 45%. This strategic expansion of BLS' portfolio in Visa & Consular services is expected to significantly boost overall processing volumes and strengthen its position as a comprehensive global provider of visa and consular services.