Thursday, November 14, 2024

Luxembourg has the best citizenship in the world

The Grand Duchy of Luxembourg, one of the smallest and richest countries in the world has the most valuable citizenship in the World.

Luxembourg scored first in Best Citizenships Index 2020, followed by Iceland and Germany in second and third positions.

Luxembourg is the birthplace of the schengen area, a landmark achievement towards free movement in Europe. Luxembourg is a melting pot of nationalities, cultures and languages, with economically and politically stable, one of the safest and peaceful places in the world, providing world class quality of life.

Luxembourg also attracts foreign investors through golden visa scheme which was launched in 2017. So far Luxembourg issued golden visa permits to 5 investors (4 chinese and 1 Australian), Luxembourg times reported today.

The Best Citizenships Index looked into 15 important pillars to rank which citizenships are best in the world and assigned scores based on on our PBS scoring model. For the first time Covid-19 cases were taken into account, countries that were not able to control the outbreak scored poorly in rankings.

Here are the Top 10 Countries which has the best citizenships in the world..

RankCountryPBS score
1Luxembourg146.867
2Iceland143.203
3Germany143.059
4Ireland142.328
5Australia141.623
6Canada140.864
7New Zealand140.239
8United Kingdom139.735
9Spain139.088
10Portugal138.201

Ranking Pillars

  • Human Development index (HDI) – 10 points
  • Global Peace Index – 10 points
  • Per Capita Income – Shows how rich the country is for living – 10 points
  • Visa free countries using a passport – 10 points
  • Safety/Crime – High safety rankings boost rankings –  10 points
  • Education System – Education system schools and universities – 10 points
  • Freedom Index – Human Freedom encompasses personal, civil, and economic freedom. – 10 points
  • Prosperity Index – Prosperity of a nation – 10 points
  • Healthcare – Excellent healthcare systems get top marks –  10 points
  • Naturalization time (yrs) – Less the year more points (10 points) – 10 points
  • Citizenship by marriage (yrs) – 10 points
  • Birthright Citizenship – Countries that offer birthright citizenship get – 10 points
  • Dual Citizenship – Important status in the modern world – 10 points
  • Military Service (compulsory) –  Countries that require mandatory military services given reduced points – 10 points
  • Citizenship Renunciation –  Possibility of renouncing citizenship – 10 points
  • Covid-19 Cases – Countries have contained pandemic with little or zero cases get boost in rankings – 10 points

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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