PRNewswire — On September 7th, Professional Wealth Management (PWM) magazine, a publication from the Financial Times, released the fourth edition of its annual report: ‘A Guide to Global Citizenship: The 2020 CBI Index’. It evaluates all active citizenship by investment (CBI) programmes in the world and ranks them against nine pillars deemed most important to individuals seeking second citizenship by means of investment.

Of all existing 14 programmes worldwide, the report found that the Commonwealth of Dominica and the Federation of St Kitts and Nevis top the 2020 CBI Index ranking. Dominica succeeded at balancing straightforward processing and wider eligibility of dependants with reliable due diligence and an excellent overall reputation. Meanwhile, St Kitts and Nevis remain unchallenged as regards speedy processing times and longevity, with a focus on appealing more to families. Its new limited-time offer — whereby a family of up to four can obtain citizenship for US$150,000 via the fund option — addresses investors’ need for more family-friendly solutions.

Similar to last year, fellow Caribbean nations — Grenada, St Lucia, and Antigua and Barbuda — join Dominica and St Kitts and Nevis in occupying the top five positions of the 2020 CBI Index. Vanuatu, Malta, Cyprus, Montenegro, Turkey, Bulgaria, Austria, Cambodia, and Jordan complete the ranking.

The 2020 CBI Index introduces two new pillars — Family and Certainty of Product — to the previous seven, and integrates settlement rights into the Freedom of Movement pillar. The family pillar considers how easy it is to include immediate and extended family members in a primary application. Certainty of product looks at the Programme’s stability in five key areas: longevity, popularity and renown, stability, reputation and adaptability. These major adjustments reflect the shifts in the investor immigration industry towards more family inclusiveness and the need for trustworthy programmes. The Covid-19 pandemic and subsequent closure of borders made many investors prioritise health, safety, a pleasant environment, and welcoming communities over global mobility.

“By blocking international travel, the Covid-19 pandemic has had the effect of reminding investors and the wider world of the fundamental importance of ‘home’,” the researcher explains. “Home and citizenship are closely intertwined, as only citizenship can give certainty that a person will be able to settle somewhere indefinitely. […] And, as the CBI Index highlights, there are few options for citizenship that are as expeditious and straightforward as citizenship by investment.”

“The current global crisis has led investors to explore alternative citizenship and residence options with a focus on healthcare and standard of living,” comments Micha-Rose Emmett, CEO of CS Global Partners — a leading industry firm and government advisory headquartered in London. The co-head of global wealth planning at UBS, Anna Brugnoli, echoes Ms Emmett’s assessment. She adds that high-net-worth individuals seeking relocation evaluate how effectively a country responded to the health and economic crises — which the Caribbean excelled at. “What we see is the question of ‘do I have the right citizenship?’,” Ms Brugnoli told PWM.

Yuri Bender, PWM Editor-in-Chief, comments: “Covid-19 has proved the catalyst for many trends which private banking teams witness in daily practice. One of these is the use of Citizenship by Investment (CBI) programmes to help global families manage both their structures and expectations.”

Click here to download the full report.

About the CBI Index

Released yearly by Professional Wealth Management, a publication from the Financial Times, the CBI Index is the only independent study that comprehensively evaluates and compares all active citizenship by investment programmes in the world. Created in 2017 by independent researcher James McKay, founder of McKay Research, the CBI Index aims to bring value to the investor immigration industry, and provide a practical, decision-making guide to individuals and families considering citizenship by investment.

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Dear Editor,

The Indo-Caribbean Cultural Centre (ICC) hosted a ZOOM public meeting last Sunday night (6/9/20) on the topic “Political violence against Indians in Guyana, Suriname and Trinidad – past and recent: Strategies to achieve peace and unity.”

The speakers were RAVI DEV (Guyana), ANGELIQUE ALI HUSSAIN DEL CASTILLO (Suriname), BASDEO PANDAY (Trinidad) and DR TARA SINGH (Guyana) as the discussant.

The following is a POSTSCRIPT by me, the moderator.

GUYANA has a long, bloody history of violence and murders. From back in 1964, the New York Times reported that 300 East Indians were beaten and driven from their homes by Africans

in the Mackenzie mining district. And recently, on January 12^th 1998, 200 Indian-Guyanese were beaten and assaulted in the streets of Georgetown in full view of the police; yet no arrests were made. These riots were triggered by the victory of the Indian-based People’s Progressive Party (PPP) party in the elections of December 1997.

In SURINAME, former President Desi Bouterse was convicted of torturing and killing15 political opponents in 1982. The victims of the “December murders” included Indians (Hindustanis) such as Baboeram, Shamber, Oemrawsingh, Rambocus and Sohansing. However, ethnic violence against Indians (Hindustanis) in Paramaribo and elsewhere is rare.

In TRINIDAD, Daurius Figueira has written a book on the political violence against the Indian-based Democratic Labour Party (DLP) party in the 1960s. When DLP politicians attempted to stage campaign meetings in either San Juan, Barataria, Laventille or Port of Spain, they were heckled, cursed and pelted with bottles and stones. Figueira wrote that in both Guyana and Trinidad, a “racist British strategy” destroyed East Indian political ascendancy “and placed a minority race in power through successive fraudulent elections.” Figueira’s book is entitled: The East Indian Problem in Trinidad and Tobago 1953-1962 & Terror and Race War in Guyana 1961-1964 (2009).

Sincerely,

Dr Kumar Mahabir

San Juan, Trinidad and Tobago

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