Business Daily Media

Men's Weekly

.

Caribbean Thrive as the Best for Citizenship by Investment, New 2020 CBI Index Finds-PR Newswire APAC

  • Written by PR Newswire

LONDON, Sept. 8, 2020 /PRNewswire/ -- 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[1].' 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.

2020 CBI Index - A Guide to Global Citizenship - www.cbiindex.com 2020 CBI Index - A Guide to Global Citizenship - www.cbiindex.com

Of all existing 14 programmes worldwide, the report found that the Commonwealth of Dominica[2] and the Federation of St Kitts and Nevis[3] 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[4], St Lucia[5], and Antigua and Barbuda[6] — 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[7] — 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[8] to download the full report.

About the CBI Index

Released yearly by Professional Wealth Management, a publication from the Financial Times, the CBI Index[9] 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[10], 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.prnasia.com/media2/1249388/cbi_index_infographic.jpg?p=medium600[11]

info@cbiindex.com[12]www.cbiindex.com[13]

References

  1. ^ A Guide to Global Citizenship: The 2020 CBI Index (cbiindex.com)
  2. ^ Commonwealth of Dominica (cbiu.gov.dm)
  3. ^ Federation of St Kitts and Nevis (ciu.gov.kn)
  4. ^ Grenada (www.cbi.gov.gd)
  5. ^ St Lucia (www.cipsaintlucia.com)
  6. ^ Antigua and Barbuda (cip.gov.ag)
  7. ^ CS Global Partners (csglobalpartners.com)
  8. ^ Click here (cbiindex.com)
  9. ^ CBI Index (cbiindex.com)
  10. ^ McKay Research (www.mckayresearch.com)
  11. ^ https://mma.prnasia.com/media2/1249388/cbi_index_infographic.jpg?p=medium600 (mma.prnasia.com)
  12. ^ info@cbiindex.com (www.prnasia.com)
  13. ^ www.cbiindex.com (www.cbiindex.com)

Read more https://www.prnasia.com/story/archive/3116519_AE16519_0

Demand for Home Batteries surges as Federal Rebate Kicks In

A leading provider of energy solutions VoltX Energy has seen a 400% increase in demand for home batteries in the past three weeks as people put d...

Why Sport Remains the Safest Bet in an Uncertain World

When Rome was in crisis, its leaders did not retreat to the Senate. They went to the circus. To the chariot races. To the gladiators. Sport was no...

THE FINE LINE WITHIN HILARIOUS SIGNAGE DESIGN FAILS

It seems like design failures still occur in today’s modern branding era, despite rigorous rounds of approvals behind the scenes. One signage show...

Deputy Announces Exclusive Global Partnership with Predelo to Bring AI to Shift-Based Businesses

Deputy, the global people platform for shift-based businesses, has announced an exclusive partnership with Predelo, an AI Decision Agent-as-a-Serv...

Leftover Budget? The Last-Minute EOFY Tip to Drive Business Success in FY25/26

The countdown is on. With just days left until EOFY, now’s the time to make your remaining 2024–2025 budget work harder and smarter. After workin...

pay.com.au appoints new CEO and Managing Director

The former COO will lead the company’s next growth phase, with ex-CEO Edward Alder transitioning into the role of Managing Director AUSTRALIA, 25...

Sell by LayBy