KUALA LUMPUR: Denmark, Switzerland and Finland took the top three spots in the 2023 World Citizenship Report, published by CS Global Partners, the world’s leading government and investment migration advisory firm.
According to a statement, this year, Denmark scored the highest points, knocking Switzerland out of the top spot. Switzerland came in second and Finland retained the third spot for a second year in a row.
Notably, global superpowers such as the United States and China did not rank in the top 10, symbolising a significant shift in what these economic giants can tangibly offer the global elite.
High-net-worth-individuals (HNWIs) and mass affluent citizens are searching for a better quality of life, security and financial freedoms, all aspects which have been on shaky ground since the pandemic.
The surveyed cohort chose ‘Quality of Life’ as the most important feature of citizenship, which ranked first across the World Citizenship Index’s five pillars, eclipsing both Physical Safety and Financial Freedom.
The report found that a competitive economy, public services, and environmental sustainability are the three areas mass affluent individuals feel most let down by their governments.
“This year, we looked beyond HNWIs and extended our survey to the new mass affluent, a globally mobile generation who is providing fresh impetus for a renewed drive towards global citizenship.
“As the world continues to change at an exponential rate, bringing with it new crises and opportunities, individuals across the globe are increasingly calling their own citizenships into question in terms of the safety, freedoms and the prosperity they provide,” said CS Global Partners chief executive officer Micha Emmett.
The World Citizenship Report ranks 188 countries across five key motivators defining citizenship for the global citizen showcasing the World Citizenship Index (WCI), an innovative tool that takes a holistic approach to rank the world’s citizenships across multiple dimensions including the motivators of safety and security, quality of life, economic opportunity, global mobility and financial freedom.
Unlike other rating tools, the WCI ranking is designed to reflect a citizenship’s value through the lens of HNWIs and the newest generation of global citizens: the mass affluent population. The WCI’s unique methodology relies on the experience gained through CS Global Partners unparalleled work in the citizenship solutions industry, as well as comprehensive research to evaluate 188 jurisdictions across the five motivators of citizenship out of a maximum attainable score of 100 points. – BERNAMA
