Caribbean Thrive as the Best for Citizenship by Investment, New 2020 CBI Index Finds

CBI Index

PR85450

 

LONDON, September 8, 2020 /PRNewswire=KYODO JBN/ --

 

On September 7th, Professional Wealth Management (PWM) magazine, a publication

from the Financial Times, released the fourth edition of its annual report: 'A Guide to

Global Citizenship: The 2020 CBI Index' [http://cbiindex.com/reports ].

It evaluates all active citizenship by investment (CBI) programmes in the world

and ranks them against nine pillars deemed most important to individuals

seeking second citizenship by means of investment.

 

Of all existing 14 programmes worldwide, the report found that the Commonwealth

of Dominica [https://cbiu.gov.dm/ ] and the Federation of St Kitts and Nevis

[https://ciu.gov.kn/the-sustainable-growth-fund/ ] top the 2020 CBI Index

ranking. Dominica succeeded at balancing straightforward processing and wider

eligibility of dependants with reliable due diligence and an excellent overall

reputation. Meanwhile, St Kitts and Nevis remains unchallenged as regards

speedy processing times and longevity, with a focus on appealing more to

families. Its new limited-time offer — whereby a family of up to four can

obtain citizenship for US$150,000 via the fund option — addresses investors'

need for more family-friendly solutions.

 

Similar to last year, fellow Caribbean nations — Grenada

[https://www.cbi.gov.gd/ }, St Lucia {https://www.cipsaintlucia.com/ ], and

Antigua and Barbuda [https://cip.gov.ag/ ] — join Dominica and St Kitts and

Nevis in occupying the top five positions of the 2020 CBI Index. Vanuatu,

Malta, Cyprus, Montenegro, Turkey, Bulgaria, Austria, Cambodia, and Jordan

complete the ranking.

 

The 2020 CBI Index introduces two new pillars — Family and Certainty of Product

— to the previous seven, and integrates settlement rights into the Freedom of

Movement pillar. The family pillar considers how easy it is to include

immediate and extended family members in a primary application. Certainty of

product looks at the Programme's stability in five key areas: longevity,

popularity and renown, stability, reputation and adaptability. These major

adjustments reflect the shifts in the investor immigration industry towards

more family inclusiveness and the need for trustworthy programmes. The Covid-19

pandemic and subsequent closure of borders made many investors prioritise health,

safety, a pleasant environment, and welcoming communities over global mobility.

 

"By blocking international travel, the Covid-19 pandemic has had the effect of

reminding investors and the wider world of the fundamental importance of

'home'," the researcher explains. "Home and citizenship are closely

intertwined, as only citizenship can give certainty that a person will be able

to settle somewhere indefinitely. […] And, as the CBI Index highlights, there

are few options for citizenship that are as expeditious and straightforward as

citizenship by investment."

 

"The current global crisis has led investors to explore alternative citizenship

and residence options with a focus on healthcare and standard of living,"

comments Micha-Rose Emmett, CEO of CS Global Partners

[https://csglobalpartners.com/about-us/ ] — a leading industry firm and

government advisory headquartered in London. The co-head of global wealth

planning at UBS, Anna Brugnoli, echoes Ms Emmett's assessment. She adds that

high-net-worth individuals seeking relocation evaluate how effectively a

country responded to the health and economic crises — which the Caribbean

excelled at. "What we see is the question of 'do I have the right citizenship?',"

Ms Brugnoli told PWM.

 

Yuri Bender, PWM Editor-in-Chief, comments: "Covid-19 has proved the catalyst

for many trends which private banking teams witness in daily practice. One of

these is the use of Citizenship by Investment (CBI) programmes to help global

families manage both their structures and expectations."

 

Click here to download the full report - https://cbiindex.com/reports/ 

 

About the CBI Index

 

Released yearly by Professional Wealth Management, a publication from the

Financial Times, the CBI Index [https://cbiindex.com/reports/  is the only

independent study that comprehensively evaluates and compares all active

citizenship by investment programmes in the world. Created in 2017 by

independent researcher James McKay, founder of McKay Research

[https://www.mckayresearch.com/ ], the CBI Index aims to bring value to the

investor immigration industry, and provide a practical, decision-making guide

to individuals and families considering citizenship by investment.

 

Infographic -

https://mma.prnewswire.com/media/1249388/CBI_Index_Infographic.jpg 

 

info@cbiindex.com

www.cbiindex.com

 

Source: CBI Index

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