KUALA LUMPUR, Aug 29 (Bernama) -- Saint Lucia (St Lucia) took third place in this year’s instalment of the citizenship by investment (CBI) Index – which ranks 13countries with operational CBI programmes.
This year, St Lucia was ranked alongside Antigua and Barbuda, Austria, Cambodia, Dominica, Egypt, Grenada, Jordan, Malta, Montenegro, St Kitts and Nevis, Turkey, and Vanuatu, according to a statement.
The CBI Index ranked these jurisdictions across nine pillars, namely Freedom of Movement, Standard of Living, Minimum Investment Outlay, Mandatory Travel or Residence, Citizenship Timeline, Ease of Processing, Due Diligence, Family and Certainty of Product.
Having recently welcomed Mc Claude Emmanuel to the position of chief executive officer of its CBI unit, St Lucia was recognised for its affordable minimum investment outlay, reasonable mandatory travel or residence requirements and ease of application processing.
In addition, it has scored eight out of 10 in the Certainty of Product pillar, which encompasses a range of factors that measure a programme’s certainty across five different dimensions: longevity, popularity and renown, stability, reputation, and adaptability.
Seen as an industry voice and reliable source for those looking to vet CBI programmes worldwide, the CBI Index is published annually by the Private Wealth Management magazine, a publication of the Financial Times, and in partnership with CS Global Partners.
-- BERNAMA
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