Friday 26 August 2022

St Kitts and Nevis tops 2022 CBI Index ranking

KUALA LUMPUR, Aug 25 (Bernama) -- The Caribbean nation of St Kitts and Nevis tops this year’s CBI Index rankings for offering one of the best citizenship by investment (CBI) programmes in the world.

In a statement issued by the government of St Kitts and Nevis today, the twin island federation was rated against 12 other countries with operational CBI programmes in 2022 which include Antigua and Barbuda, Austria, Cambodia, Dominica, Egypt, Grenada, Jordan, Malta, Montenegro, St Lucia, Turkey and Vanuatu.

It said the primary methodological objective of the CBI Index is to isolate pillars that measure CBI programme features and jurisdictional desirability.

The statement said the nine pillars that constituted this year’s CBI Index include 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.

It added that the country received full marks in the Mandatory Travel or Residence, Citizenship Timeline, Ease of Processing, Due Diligence, Family and Certainty of Product pillars.

The CBI Index, published by PWM Magazine, a publication from the Financial Times in collaboration with CS Global Partners, is a rating system designed to measure the performance and appeal of global CBI programmes across a diverse range of indicators.

--BERNAMA

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