Citizenship by Investment Helps Boost Economies in 12 Countries
(3BL Media/Justmeans) – Many countries grant residence to investors and high net worth individuals (HNIs), but a few small countries also offer citizenship by investment (CBI) programs. These programs provide a direct route to citizenship based on a certain minimum level of investment. The programs offer an opportunity to legally acquire citizenship in a simple way, and at the same time, benefit the economy of the host nation.
The CBI Index is the world’s first comprehensive guide to the CBI programs, which has been launched to inform and educate people about this niche sector and how it is making local economies more sustainable. The CBI Index rates the 12 countries that offer CBI programs, critically evaluating their performance and appeal across a broad range of indicators relevant to an applicant’s decision-making process.
These indicators include freedom of movement, standard of living, minimum investment outlay, mandatory travel or residence, ease of processing, citizenship timeline, and due diligence. According to James MacKay, the researcher and analyst who created the CBI Index methodology, the Index is an essential resource for those seeking impartial information on the relative merits of each program in order to make an informed choice.
Citizenship by Investment offers a win-win opportunity for both the investor and the host. In return for employment-generating investments in local infrastructure, tourism, and agriculture, a participating host nation grants wealthy individuals fast-track citizenships and second passports. The nation receives a boost to its economic growth and the citizens gain a safe haven away from areas of geopolitical instability.
Dominica, St. Kitts and Nevis, Grenada, Antigua and Barbuda, Saint Lucia, Vanuatu, Cyprus, Comoros, Malta, Bulgaria, Austria, and Cambodia are the 12 countries currently offering this program. Each country has its unique set of advantages and limitations. The quality of life is noticeably higher in Austria, for example, but they require a significantly high investment amount.
Dominica (90% score) is currently the most desirable country for CBI, according to the Index. The country is politically stable, has English as the official language, and geographically enriched. The other top five countries include St. Kitts and Nevis (88%), Grenada (85%), Antigua and Barbuda (78%), and Saint Lucia (76%). However, this is not a definitive ranking because the index is often updated.
CBI benefits everyone involved. For example, the St. Kitts and Nevis CBI program contributes a staggering 12 percent to their GDP. It has enabled the country to cut its public debt from 159 percent to 68 percent. It has also allowed them to support foundations and initiatives that assist local farmers and students.
Source: CBI Index