KUALA LUMPUR, April 27 (Bernama) -- The second edition of the annual World Citizenship Report, published by CS Global Partners has revealed how high-net-worth-individuals (HNWIs) and the mass affluent are in search of greater freedoms.
According to CS Global Partners in a statement, this means being able to enjoy better social safety and security for oneself and family, increased access to better employment prospects and business opportunities or being able to live in territories with higher social and institutional stability.
“Findings from the survey showed that while the research participants came from varied backgrounds and cultures, all with different needs and pain points, they all had one common goal: freedom,” said CS Global Partners Chief Executive Officer, Micha Emmet.
Biggest motivators to invest in alternative citizenship include Quality of Life, Safety and Security as well as Financial Freedom with Quality of Life ranked in first position of the five pillars, overtaking both Physical Safety and Financial Freedom, this year.
Quality of Life looks at territories’ ability to provide its citizens with essential services required for a good standard of living, including higher standards of education and healthcare facilities.
Monaco, Denmark and Hong Kong took the top three spots in the Quality of Life pillar, while the United States came in 29th position. African countries took the bottom 10 positions, with Somalia taking 185th place.
Meanwhile, the Safety and Security motivator assesses how people in a certain country have the ability to enjoy greater social safety and security for themselves and their families and whether they have a safety net against being trapped in a territory with civil disorder.
Iceland tops the Safety and Security motivator, closely followed by New Zealand in second place, and Switzerland in third. In this pillar, Afghanistan scored the lowest.
The Financial Freedom motivator measures the ability of a country to provide a favourable and stable regulatory climate for the establishment and functioning of businesses, as well as the holding of personal and business assets, with Denmark, New Zealand and Singapore taking the first three spots in this pillar.
The World Citizenship Report is the world’s first-ever endeavour in investigating the value of citizenship through the lens of the global citizen, measuring 188 countries across five motivators that are most relevant among the newest generation of global citizens – Safety and Security, Economic Opportunity, Quality of Life, Global Mobility and Financial Freedom.
-- BERNAMA
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