BLS International Services has successful completed its acquisition of 100% stake in Citizenship Invest (CI), a Dubai-based firm specializing in fast-track investor programs for residency and citizenship across more than 15 countries. The company, through its wholly owned subsidiary BLS International FZE, UAE, acquired CI for a total purchase consideration of $31 million (around Rs 260 crore), fully funded through internal accruals. All necessary government and regulatory approvals were obtained ahead of schedule.
This acquisition strengthens the company's portfolio in visa and consular services, specifically enhancing its long-term visa solutions such as citizenship and residency services. Over its 15- year history, Citizenship Invest has built a strong reputation among high-net-worth individuals (HNWIs) as a trusted provider in this sector.
BLS International Services is a part of the four decades old BLS Group with a global presence and diversified range of services in polymers and petrochemicals, education, electronics, asset management, visa processing and management consulting.
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