New, unique global citizenship report puts Switzerland at the top with Asian countries not far behind
Official statistics were used to assess a score for the defined motivators of security, quality of life, economic opportunities, global mobility and financial freedom. Supported by research in leading databases, interviews and a survey of over 500 wealthy investors, the WCR goes beyond being fit and emphasizes key factors that play a role in choosing the right second citizenship.
Micah Emmett, the CEO of Global CS partner, said the WCR stands out from other reports in the industry because it “studies which countries offer the most benefits to global citizens, particularly in a post-COVID world where those who have the resources are consistently looking for greater opportunities and benefits.” seek better protection. “
“We wanted to capture what really concerns and concerns a global citizen,” she said. “If there are opportunities to acquire a second or third citizenship, HNWI first asks the question: where is the closest place to be associated with?”
“Particularly wealthy individuals have to consider a variety of factors when deciding on something as monumental as acquiring a second citizenship and building a second home. While passport strength is obviously an important component, it is also subject to passport strength the greatest change, as shown by pandemic-related travel restrictions, “she added.
Show results Switzerland the highest score with 88.1, followed by Denmark (88.0) in second place and Finland, Norway and Sweden tied in third place (86.9). In particular, global superpowers like The United States not in the top ten, which symbolizes a marked shift in what these economic giants can tangibly offer the global elite. Relatively, Asia has developed as a hub for economic prosperity, particularly because of its business advantages Japanwho took sixth place and Singapore, which took seventh place.
Aside from analyzing countries’ performance, the WCR examines how HNWIs protect and grow their wealth. This includes implementing an effective financial plan that takes inheritance and wealth taxes into account, and investing in emerging valuable assets like cryptocurrency.
The report notes that Citizenship by Investment (CBI) is a powerful tool even for the world’s richest and has become a trend during the pandemic. CBI offers an alternative and time efficient solution for those who do not have marriage, ancestry or naturalization in other countries. Ultimately, it enables applicants to obtain a second citizenship without prior commitment to the nation, often within three to four months, provided they pass a multi-stage review process.
According to the report, entrepreneurs and business people were actively looking for investments that worked during the lockdowns. While it is impossible to predict the future, it has enabled many HNWIs and global citizens to see opportunities in places where they may not have previously thought of keeping up with global trends. The WCR aims to bring these trends to light and to simplify the second citizenship process by gathering relevant data that particularly affects wealthy individuals and their families.
Contact: [email protected], www.csglobalpartners.com
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