The eighth edition of the highly anticipated 2024 CBI Index was launched on Wednesday, featuring an in-depth analysis of the dynamics of the CBI Programmes worldwide. In a comprehensive report, the index put the spotlight on the changing dimensions of the investment migration industry and the rising demand for transparency.
The CBI Index has positioned itself as an essential tool for global investors over the years, providing a comprehensive ranking of the 12 jurisdictions. While becoming a reliable platform, the report enabled the investors to compare these programmes and make enhanced decisions for their future.
St Kitts and Nevis Leads the Chart
For the fourth year in a row, St Kitts and Nevis has been named the “World’s top Citizenship by Investment (CBI) programme” in the 2024 CBI Index. The Federation outperformed 12 other countries with an impressive score of 84%.
While leading the global rankings, the Caribbean nation received a perfect score in four pillars and high marks in almost all pillars of excellence. It scored a perfect 10 in Mandatory Travel or Residence, Ease of Processing, Due Diligence and Certainty of Product and set the benchmark for others by adopting groundbreaking changes with the call of transparency.
St Kitts and Nevis also received applause for its commitment to leadership, efficiency and excellence in the industry. As per the report, the long-standing CBI Programme of St Kitts and Nevis is a benchmark for others as it always leads the industry with its groundbreaking initiatives.
While positioning itself as the leader in the industry, the twin-island Federation remained unparalleled in terms of integrity, efficiency and value. According to the CBI Index, “As in the past, St Kitts and Nevis has taken a leadership role on regulatory matters and demonstrated a commitment to implementing MoA directives – a factor that played a part in regaining the top spot in this year’s index.”
With these rankings, the Citizenship by Investment Programme of St Kitts and Nevis has also turned out to be an ideal option for investors from Nigeria. The demand for alternative citizenship amongst wealthy Nigerians continues to soar for a plethora of reason including increased access to global business and other opportunities.
“It is a great honour to see St. Kitts and Nevis once again top this prestigious list, especially given this year’s emphasis on transparency. This recognition reaffirms our unwavering commitment to transparency, which remains at the forefront of our core principles for success. It is a testament to our renewed focus as we guide the CIU through a transformative phase, firmly re-establishing ourselves as the global leader in the Citizenship by Investment space,” Calvin St. Juste, Chairman, Citizenship by Investment Unit of St. Kitts and Nevis.
While facing economic and political uncertainty in their home country, the Nigerians are looking for ways of enhancing their lifestyles and securing their future. Due to this, the Citizenship by Investment Programme of the countries such as St Kitts and Nevis stood out as the best option for securing unparalleled benefits and secure life subsequently.
Caribbean Five Dominate CBI Index 2024
Following the league of St Kitts and Nevis, the other four Caribbean CBI jurisdictions performed well in the CBI Index and topped the chart. Dominica secured the second position with 80%, followed by Grenada with 77%, Saint Lucia with 74% and Antigua and Barbuda in the fourth position with 74% as well.
According to the CBI Index, “The ‘Caribbean Five’ retain their leading rankings for the CBI Index 2024, once again reflecting a good balance processing efficiency, vetting and global mobility power.”
The Caribbean five also outperformed European nations in the CBI Index and gained recognition for their commitment towards CBI excellence. The report also shed light on how Caribbean CBI courtiers adapted to the transitions in the industry and complied with the aspects of due diligence to meet international standards.
As the CBI Index entered its eighth edition, global investors considered it the unique and most trusted cross-jurisdictional planning tool. High-Net-Worth-Individuals seek a wealth of opportunities for their family and business security amid geopolitical tensions.
Due to this, the alternative citizenship or economic citizenship programmes are considered as the “Plan B” and the CBI Index turned out to be a platform for the investors to compare these programmes and choose an ideal option.
In the CBI Index, the 12 CBI Programmes are analyzed and subsequently ranked according to their performance in the nine pillars of excellence- a data-driven methodology.
As geopolitical instability and economic volatility continue to feature prominently in today’s Geoscape, investors increasingly seek CBI programmes as an effective means of protecting and safeguarding their assets for future security.
This is where the value of the CBI Index comes into play. Under the hands of an independent research consultant such as James McKay, it can provide a clear and credible ranking of CBI programmes by using data from official sources as well as internationally recognized institutions.
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Publish date : 2024-09-29 20:24:00
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