The CBI Index released by Professional Wealth Management Magazine of Financial Times ranks in Citizenship by Investment Programme across thirteen different jurisdictions to make it easier for people looking for second citizenship. The Government authorized funds in exchange for legal immigration status, which is desirable among wealthy people across the World.
On Monday, 22 August 2022, The CBI Index was launched under the title of a Guide to Global Citizenship. These two countries are contributing to World’s oldest running CBI Programmes. CBI Index has been titled the World’s best at Caribbean nation Commonwealth of Dominica along with St Kitts and Nevis.
In 2022 Dominica, including St Kitts and Nevis, becomes equal to first place and is the highest ranked Programme in the CBI Index. CBI Index released by PWM Magazine of Financial times.
Along with Dominica, St Kitts and Nevis, Saint Lucia secures another top position in Caribbean Countries. Saint Lucia replaced Grenada as the third best Programme. In 2022 according to the CBI Index report, five nations were included, and all of them secured top five positions. The CBI Programme offered by Caribbean Countries maintained a perfect score of ten for the “ease of processing pillar” for the sixth consecutive year.
All the Caribbean islands included in the CBI report have a donation option through which investors can give a non-refundable amount of money to get citizenship in Caribbean countries for themselves or their families.
According to the researcher, the global social and Government developments are expected to prepare the CBI Index, which was launched in 2017. The Index report briefly offers all the specifications of each Programme which would help investors make a wise choice while investing in the Citizenship of Caribbean countries.
In Freedom Movement, Caribbean island countries Dominica, Saint Lucia, St Kitts and Nevis scored seven. According to the report, St Kitts and Nevis have given visa-free access in around 156 countries, the highest number of countries to travel without a visa. In contrast, Saint Lucia has provided access to 15 countries out of 20 business hubs. Alongside Dominica with access to 14 countries.
Dominica has the highest life expectancy rate, which is 78.2. According to the CBI report, the standard of living pillar ranked fourth in Saint Lucia, whereas Dominica, St Kitts and Nevis secured the fifth position in the Standard of Living.
According to the CBI Index report 2022, Saint Lucia secured the top position in the pillar of minimum investment with a perfect score of ten with a minimum investment outlay of just USD 100,000.
St Kitts and Nevis secured the top position on the “Citizenship Timeline” with a score of ten. In contrast, Dominica and Saint Lucia hold the second position as the processing time for three months.
The Caribbean jurisdictions, including Antigua and Barbuda, Dominica, Grenada, St Kitts and Nevis, and Saint Lucia, secured a top position in the Ease of Processing pillar for the sixth year in a row. CBI jurisdictions based in the Caribbean offer a straightforward application process to people looking to invest in citizenship.
In CBI Index 2022, Dominica, St Kitts and Nevis secured perfect scores for the “Due Diligence” pillar as the Caribbean countries check the background to assure citizens of St Kitts and Nevis a secure and worry-free life. The two nations demand police certificates from applicants of the country’s residence and citizenship. St Kitts and Nevis ask for detailed information from the applicants to understand the funding source for the investors who want citizenship.
All the countries, including Dominica, Saint Lucia, St Kitts and Nevis, ranked the same in the ‘Family Pillar”. According to the report, the family eligibility criteria have not changed. One investor investing in citizenship can also gain citizenship of their legal family.
“Certainty of Product” pillar scored perfect ten this year due to its well-known longevity, popularity, and stability received by Dominica, St Kitts and Nevis.
According to the CBI Index report, Dominica has maintained a consistent position for the last six years due to affordable minimum investment outlay, comprehensive due diligence, a streamlined application process, and sustainable development projects funded by CBI funds.
The Dominica, St Kitts, and Nevis CBI jurisdictions deliver the application process at a high pace. It falls behind Dominica in due diligence.
Even though Saint Lucia was launched recently, it has progressed significantly over the years and ranked third in the position. It has maintained its third position in CBI Index. This is majorly due to improvement in due diligence, specifically by introducing a biometric passport and minimum investment outlay in life with Dominica at USD 100,000 (for a single applicant).
The Small Island Developing States (SIDS), including Dominica, Saint Lucia, St Kitts and Nevis, use their CBI funds to meet the country’s socio-economic needs. The citizenship by investment programmes promotes sustainable growth of these developing island countries. These countries have witnessed weather calamities to reduce the loss due to climate CBI revenues are used for the same. CBI Index assures improved fiscal outcomes and economic growth in Dominica, St Kitts and Nevis.
CBI Index 2022 stated that CBI is assuring small island nations to become independent, developed and prosperous in the true sense.
Every year since 2017, the Citizenship by Investment Index, known as the CBI Index, has been released by the Professional Wealth Management (PWM) Magazine of Financial Times. For so many years, it has progressed into a practical tool for the people who want to compare citizenship by investment (CBI) programmes as a whole and people who want to compare specific aspects of each Programme.