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