Monday, November 25, 2024

New online platform launched for comparison of CBI/RBI schemes

 

Best Citizenships (BC) has been re-launched as new online comparison platform for comparison of citizenship by investment and RBI/Golden visa schemes. All immigrant investor schemes can be compared with a new visual experience and up-to-date information. The BC platform has been serving HNW clients since 2011.

 

Best Citizenships

 

Almost Half of the world countries have worst passports, restricting mobility and travel freedom for its citizens. Iraq, Afghanistan, Syria, Pakistan have some of the worst passports in the world.

 

For example chinese passport has only limited travel freedom to only 74 countries, while russia passport has access to 119 nations as of 2018.

 

Worst Passports in the World

 

Rank Passport Visa free countries
1 Afghanistan, Iraq 30
2 Somalia, Syria 32
3 Pakistan 33
4 Yemen 37
5 Eritrea, Palestine, Sudan 39
6 Bangladesh, Lebanon, Libya, South Sudan 41
7 Ethiopia, North Korea, Sri Lanka 42
8 Congo, Iran 43
9 Kosovo 44
10 Djibouti 45

Source: Henley Passport Index 2018

 

Visa restrictions affect millions of people worldwide, impacts tourism and business and these industries have already lost billions of dollars with slow GDP growth.  The process for visas and residence permits are time consuming and also stressful.Wealthy families also go through this time consuming process. There arise a greater need for alternative citizenship and residence for free movement (eg. Schengen area).  The entire new investment immigration industry has been built around this, which is currently worth about $15 billion.

 

St Kitts and Nevis has the oldest and longest running citizenship by investment program in the world since 1984. Congress created the US immigrant investor program (EB-5) in the 1990 and Canada Quebec investor scheme established in 1985, while UK offered tier1 investor visas since 1994. As of 2018, there are more than 35  citizenship and residence by investment schemes known to exist and actively running.

  • 1990 – United States
  • 1986 – Canada Quebec
  • 1994 – United Kingdom
  • 2009 – Bulgaria
  • 2010 – Latvia
  • 2012 – Portugal
  • 2014 – Spain, Malta, Greece
  • 2016 – Netherlands
  • 2017 – Italy
  • 2018 – Anguilla
  • St Kitts and Nevis – 1983
  • Dominica – 1993
  • Malta – 2014
  • Cyprus – 2013
  • Antigua and Barbuda – 2013
  • Grenada – 2013
  • Saint Lucia  – 2015
  • Vanuatu – 2015
  • Turkey – 2017
  • Moldova – 2018
  • Montenegro  – 2018

 

The demand for such schemes are greater than ever and will likely only grow, as more nations are tightening their immigration policies restricting free movement. HNW families are looking to have a second passport with alternative citizenship in their portfolio. In a recent survey, one in three wealthy persons already hold a second passport and another third are considering to acquire one.

 

Read more about the platform at best-citizenships.com

Prabhu Balakrishnan
Prabhu Balakrishnan
Founder of Citizenship by Investment News. Chief Editor with over 15 years experience in PR and News publishing. He Loves writing about citizenship, residency and wealth migration. CIP Journal is a Leading publication founded in 2017 bringing latest news from CBI/RBI market.

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