St Kitts and Nevis has been named the best in the world for providing a top citizenship by investment (CBI) programme, according to this year’s CBI Index rankings.
The Financial Times’ Professional Wealth Management Magazine’s CBI Index saw St Kitts and Nevis score the highest with 77 points, in part due to the country’s prompt and decisive action based on the ‘6 Principles’ framework.
Dominica was runner-up with 75 points, followed by Saint Lucia and Grenada with 72 points, and Antigua and Barbuda in fifth place with 66 points.
The CBI Index evaluated 12 countries, including Austria, Cambodia, Egypt, Jordan, Malta, Turkey and Vanuatu.
The report found that Caribbean programmes continued to lead the 2023 CBI Index, thanks to Grenada’s improvement in Due Diligence, Standard of Living and Certainty of Product, which helped it climb to third place.
Grenada was also swift to implement specific ‘Six Principles’ measures such as mandatory interview requirements, which were introduced on September 1, 2023.
The CBI Index assesses each programme across nine pillars, including 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.
St Kitts and Nevis earned full marks in four of these pillars: Mandatory Travel or Residence, Ease of Processing, Due Diligence, and Certainty of Product.