Last Updated on April 26, 2023, 9:50 AM AST by Anthony Morris
World’s Leading Advisory and citizenship Marketing firm, CS Global Partners, published the Second Edition of the World Citizenship Report on April 20, 2023. The 2023 edition of the WCR analyzed 188 countries from across the globe. With this report, they seek to ascertain if the countries fit the needs of the newest generation of global citizens.
Denmark grabbed the top spot out of the 188 nations the report analyzed. Switzerland and Finland followed the nation closely, which found themselves in the second and third positions, respectively. Sweden and New Zealand were other countries to find spots among the top-rated. The World Citizenship Reports analysis the countries under five motivators, which help them ascertain their usefulness and relevance amongst mass affluent individuals
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The World Citizenship Report (WCR) is the first attempt to examine Citizenship and its offerings through the lens of Global Citizens. The experts who gave their time and effort to create the report understand the priorities and requirements of global citizens. Accordingly, the team prioritizes the following five critical motivators, which play a crucial role in shaping the appeal of a country for Mass Affluent individuals.
• Safety and Security
• Economic Opportunity
• Quality of Life
• Global Mobility
• Financial Freedom
Denmark received an overall score of 87.6 when the country was assessed in all five motivators among 188 countries. Denmark gained the highest ranking in the WCI. The following is attributed as the reason for the country’s high place in the ranking table; according to the WCR, 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 overall score and ranking attributed to the various nations in the World Citizenship Report are calculated by combining the weights with each country’s score in the five motivators of Citizenship.
• The Motivator, Quality of Life, has a weightage of 25%
• The Motivator, Safety and Security has a weightage of 25%
• The Motivator, Economic Opportunity, has a weightage of 20%
• The Motivator, Financial Freedom, has a weightage of 15%
• The Motivator, Global Mobility, has a weightage of 15%
CS Global Partners published the first edition of the World Citizenship Report in early 2022 to survey high-net-worth individuals (HNWIs). However, this year, they expanded the survey to include a wider audience to better understand what people prioritize regarding their nationality and the facilities they value above all else. The newly extended audience numbers covered 1000 mass affluent participants from across the globe.
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Meanwhile, the publishers of the World Citizenship Report observed that the countries featured in the top ranks of the 2022 and 2023 Reports are similar in many ways. The only difference arises in the slight reshuffling of the countries’ positions. Accordingly, Switzerland, which ranked number one in 2022 edition of the world citizenship report, fell to the second spot in the 2023 edition of the report. Meanwhile, Denmark climbed the first spot in the rankings of 2023.
The CEO and Co-Founder of CS Global Partners, Micha-Rose Emmett, noted while the research participants of the World Citizenship Report came from varied backgrounds and cultures, all with different needs and pain points, they all had one common goal: freedom.
What that freedom means for each person is different. Accordingly, the interpretation of inherent concepts depends on one’s circumstances. For instance, Someone living in a country that restricts their rights, self-expression or religious freedoms may seek freedom of expression and discrimination. Similarly, A person living in a nation with limited basic services may strive for the freedom to access better healthcare, education, and social welfare programmes.
Meanwhile, Individuals experiencing limited economic opportunities and facing barriers to employment or business opportunities have an increased interest in financial freedom. Accordingly, the experts have based the survey on the 188 nations featured in the World Citizenship Report on the five motivators, which expertly encapsulate the essence of the needs and requirements of the global citizen.
Under the Motivator of Safety and Security, World Citizenship Report ranks the countries for their capacity to provide high-net-worth individuals with the ability to enjoy greater social safety and security for themselves and their families. Additionally, they ascertain the country’s provision of a safety net against being trapped in a country dealing with civil disorder.
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The following countries found themselves ranked in the top ten of the World Citizenship Report when it comes to the provision of safety and security,
• Iceland ranks at the top with a score of 95.8
• New Zealand 2nd with a score of 95.1
• Switzerland ranks third with a score of 93.1
• Denmark ranks in fourth place with a score of 92.2
• Norway ranks in fifth place with a score of 92.0
• Finland ranks in sixth place with a score of 91.5
• Austria ranks seventh with a score of 90.9
• Luxembourg ranks eighth with a score of 90.1
• Liechtenstein ranks ninth with a score of 90.0
• Ireland ranks tenth with a score of 89.5
Under the Motivator of Economic Opportunity, the experts creating the world citizenship report analyze the countries on their capability to provide the applicants with the ability to access the World’s greatest business hubs and increased access to better employment prospects and business opportunities. Following are the ten best countries in the world citizenship report for people looking for greater economic opportunity:
• Singapore stole the top spot in this motivator with a score of 84.8
• United States of America ranks second with a score of 83.7
• Hong Kong (SAR China) ranks third with a score of 83.1
• The Netherlands ranks fourth with a score of 82.4
• Japan ranks fifth with a score of 82.3
• Switzerland also ranks fifth and tied with Japan with a score of 82.3
• Germany ranks sixth with a score of 81.2
• Denmark ranks seventh with a score of 81.2
• Sweden ranks seventh with a score of 81.2
• The United Kingdom also ranks seventh with a score of 81.2
• Finland ranks eighth with a score of 80.2
• Taiwan also ranks eighth with a score of 80.2
• Canada ranks ninth with a score of 79.6
• Liechtenstein ranks in tenth place with a score of 79.3
• Monaco also ranks in tenth place with a score of 79.3
• San Marino ranks tenth with a score of 79.3
Under the Motivator of Quality of Life, the world citizenship report assessed the countries higher social and institutional stability and higher standards of education and healthcare.
• Monaco ranked at the top with a score of 90.9
• Denmark ranks second with a score of 90.6
• Hong Kong (SAR China) ranks third with a score of 90.4
• Finland ranks fourth with a score of 89.6
• Sweden ranks fifth with a score of 89.2
• The United Kingdom ranks sixth with a score of 89.1
• Switzerland ranks seventh with a score of 88.6
• Liechtenstein ranks eighth with a score of 88.2
• Luxembourg ranks ninth with a score of 87.8
• Malta ranks tenth with a score of 87.7
Under the Motivator of Global Mobility, the countries are ranked in the World Citizenship Report for empowering greater freedom to travel, whether for leisure, lifestyle, or business Insurance policy to enable travel for medical, safety, or environmental crises.
The top ten positions were claimed by:
• Japan ranked at the top with a score of 88.9
• Singapore ranks second with a score of 88.5
• Germany ranks third with a score of 87.8
• Spain ranks third with a score of 87.8
• Finland ranks fourth with a score of 87.5
• Italy ranks fourth with a score of 87.5
• Luxembourg ranks fourth with a score of 87.5
• Austria ranks fifth with a score of 87.1
• Denmark ranks fifth with a score of 87.1
• The Netherlands ranks fifth with a score of 87.1
• Sweden ranks fifth with a score of 87.1
• France ranks sixth with a score of 86.8
• Ireland ranks sixth with a score of 86.8
• Portugal ranks sixth with a score of 86.8
• The United Kingdom ranks sixth with a score of 86.8
• Belgium ranks seventh with a score of 86.4
• The Czech Republic ranks seventh with a score of 86.4
• New Zealand ranks seventh with a score of 86.4
• Norway ranks seventh with a score of 86.4
• Switzerland ranks seventh with a score of 86.4
• United States of America ranks eighth with a score of 86.4
• Australia ranks eighth with a score of 86.1
• Canada ranks eighth with a score of 86.1
• Greece ranks eighth with a score of 86.1
• Malta ranks eighth with a score of 86.1
• Korea (Republic) ranks ninth with a score of 86.0
• Hungary ranks tenth with a score of 85.7
• Poland ranks tenth with a score of 85.7
The final Motivator, Financial Freedom, World Citizenship Report assessed the countries Protecting assets from government overreach via geographical diversification and Facilitating wealth planning more tax-efficiently. The following countries emerged as the top ten in terms of financial freedom:
• Denmark ranks on top with a score of 84.0
• New Zealand ranks second with a score of 83.8
• Singapore ranks third with a score of 83.7
• Switzerland ranks fourth with a score of 83.1
• Finland ranks fifth with a score of 82.7
• Norway ranks sixth with a score of 80.5
• Sweden ranks sixth with a score of 80.5
• The Netherlands ranks seventh with a score of 79.8
• Ireland ranks eighth with a score of 79.5
• Luxembourg ranks ninth with a score of 78.8
• Germany ranks tenth with a score of 77.6
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The World Citizenship Report also analyzed the Citizenship by Investment programmes various nations offer. In line with this, the CS Global Partners CEO, Micha-Rose Emmett, shared her appreciation that the programmes of the Commonwealth of Dominica, Saint Lucia and St Kitts and Nevis have retained the positions in the top 30 per cent of the survey. She claimed that Countries like Dominica, St Kitts and Nevis, and Saint Lucia offer some of the World’s best second citizenship programmes and are serious trailblazers in the investment immigration industry.
Anthony Morris covers stories related to politics and regional developments. His in-depth reporting about governance and reforms makes him stand out in regional journalism, with a deep analysis of political trends and their impact on Caribbean communities.
