KUALA LUMPUR, Sept 18 (Bernama) -- The Caribbean nation of St Kitts and Nevis has topped in this year’s CBI Index rankings for offering one of the best citizenship by investment (CBI) programmes in the world, beating 11 other nations.
In the seventh edition of the CBI Index published in partnership with the Financial Times’ Private Wealth Magazine, St Kitts and Nevis took first place at 86 per cent and scored top marks in almost all pillars, cementing itself once again as a leader in the industry.
The twin federation retained its top position in the due diligence category as it is the country leading the way in strengthening the legislative framework for its programme, closing all loopholes relating to real estate investment and development projects.
Dominica took second place, at 83 per cent and attained full marks for Minimum Investment Outlay, Mandatory Travel or Residence and Ease of Processing.
Meanwhile, Grenada and Saint Lucia shared third place at 80 per cent, while Antigua and Barbuda took fifth place, at 73 per cent.
The CBI Index provides captivating insights into the world’s top investment migration programmes and it has been comprehensively ranking operational CBI programmes for almost a decade, making it the ultimate cross-jurisdictional investment tool for global investors, according to a statement.
The index assesses the performance and appeal of CBI programmes across a diverse range of indicators and measures by isolating factors, or ‘pillars’, that measure programme features and the desirability of different jurisdictions.
The nine pillars include Standard of Living; Freedom of Movement; Minimum Investment Outlay and Mandatory Travel or Residence.
The CBI Index has been published annually for seven years and remains as the most trusted source for global investors looking to expand their portfolios through CBI.
-- BERNAMA
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