London, United Kingdom: World Citizenship Report 2023 has been released by the world’s leading government advisory and marketing firm – CS Global Partners, on April 20, 2023. This report surveyed around 188 countries, and out of the total, the top three spots were acquired by Denmark, Switzerland and Finland, respectively. Switzerland ranked number one in 2022, but Denmark usurped the first spot in 2023.
The report focused on five key motivators defining citizenship for the global citizen. The World Citizenship Report (WCR) has investigated the value of citizenship for investors and high-net-worth individuals to provide them with a better perspective of what people prioritise in terms of their own nationality. The WCR is an industry-first endeavour to investigate the value of citizenship through the lens of the global-minded individual.
Unlike other reports that base citizenship solely on hassle-free travel, the WCR illustrates the best citizenships in the world based on several detailed factors held in high regard by global citizens.
Drawing on research conducted over the years, the WCR presents the data compiled in the World Citizenship Index (WCI) – an innovative tool that adopts an integrated approach in ranking citizenship around the world. The research transcends the traditional concept of valuing citizenship through the use of an ethical perspective. Instead, it attributes greater importance to the diverse attitudes towards the key aspects that characterise belonging to a country and holding its citizenship status.
The Index also has a holistic approach to ranking the citizenships, across the world, through multiple dimensions and dynamics, including Safety and Security, Economic Opportunity, Quality of Life, Financial Freedom and Global Mobility.
CEO of CS Global Partners, Micha Rose Emmett, has addressed the interested individuals through this report and stated, “In the latest edition of the WCR, we expanded the survey to include a wider audience in order to gain a better perspective of what people prioritise. The newly expanded audience covered 1000 affluent mass participants from across the globe.”
Further, CEO Emmett noted that if an individual is unable to satisfy these needs in their home country, it may very well be the catalyst for people to decide to invest in a second citizenship and/or immigrate to a new country. Finding a new country to call their home may offer individuals the opportunity to fulfil these needs by providing access to basic necessities, a sense of safety and security, and opportunities for personal and professional growth. And this is where the WCR comes in. Not only does the report deliver a data-intensive product that highlights the importance of nationality, but it also helps demystify the standing of each country in the world in the context of the motivators that determine what we consider important in our lives for us to thrive. This holistic approach concentrates on the factors that global citizens consider when deciding where to live, work, educate themselves and their families, and place down secondary roots.
This year, the prime focus of the World Citizenship Report remained ‘Freedom and access to the world’. While contexting freedom with citizenship, the WCR stated that freedom pertains to the rights and privileges given to individuals who are officially recognised as citizens of a particular country. When curtailing those freedoms, it often goes beyond feelings of frustration and spills over to structural inequalities or even outright oppression. In such cases, individuals may choose to leave their country in search of a more open society with better opportunities. Addressing the root causes of these restrictions and working towards creating inclusive societies can help to reduce emigration and create a more stable and prosperous world.
Furthermore, it was emphasised that the major reason behind Denmark’s first ranking is its highest score in the ‘Financial Freedom’ motivator. The World Citizenship Report, while praising the top-ranked country, noted, “Denmark received an overall score of 87.6, the highest ranking in the WCI. The nation received the highest score in the Financial Freedom motivator with 84 points and ranked second in the Quality of Life motivator with a score of 90.6.”
The ranking and points of Denmark in remaining motivators are as follows: In Safety and Security, it was given 92.2 points and secured 4th rank; in Economic Opportunity, the points secured by the nation was 81.2, ranking 7th. In Addition to this, Global Mobility bagged 87.1 points and was at 5th rank.
On the contrary, Somalia secured only 23.3 points in Safety and Security, gaining 166th rank. In Economic Opportunity motivator, the nation was given 30.0 points and ranked 128th, and in Quality of Life, it won 35.8 points and ranked 162nd, along with 11.8 points and 129th rank in Global Mobility. Whereas, in Financial Freedom motivator, it bagged 16.0 points and was down to 153rd rank.
All five motivators were explained by the report, which is as follows:
Safety and Security: This motivator remains a top priority for the average mass affluent global citizen. Under this, a country is surveyed according to the safety and security offered to the citizens.
Iceland secured 1st rank with 95.8 scores, and on the strict contrary, Afghanistan secured 169th rank with only 19.3 scores.
Economic Opportunity: The motivator focuses on business and economic opportunities provided to the citizens and residents by the host country. Economic Opportunities also refer to how the nation assists towards the growth and development of existing businesses, along with better and more accessible resources to expand them.
The first position was secured by Singapore with a 95.8 score, while the last position was given to Somalia with a 30.0 score.
Quality of Life: Quality of life remains front and centre of what makes citizenship desirable. The rank can be attained under this motivator through various aspects, such as access to territories with higher social and institutional stability and higher standards of education and healthcare.
Monaco scored 90.9 points with the first rank, and Somalia scored 35.8 points, ranking last in the chart.
Global Mobility: The motivator ranks the nation, which empowers greater freedom to travel, whether for leisure, lifestyle, or business.
The first rank was given to Japan with 88.9 scores, and the last rank was given to Afghanistan with only 9.0 scores.
Financial Freedom: Financial Freedom refers to protecting assets from government overreach via geographical diversification.
Denmark secured the first position with 84.0 scores, and the last position was given to Somalia with 16.0.
Along with this, the report mentioned about the citizenship by investment programme and stated that the Caribbean nations that offer citizenship by investment (CBI) maintained their positions in the top 30 percent in 2023, which can be attributed to their political, economic, and societal stability. Countries like Dominica, St Kitts and Nevis, and Saint Lucia all offer some of the world’s best second citizenship programmes and are serious trailblazers in the investment immigration industry.