Overall, it scored 50 points out of 100 for its residence-by-investment programmes.
The Global Citizenship and Residence Programmes report ranks Singapore in 17th place for its residence-by-investment programmes with a total score of 50 out of a total of 100 points.
The Global Residence and Citizenship Programmes report provides a benchmark of the world’s leading investment migration programmes through the Global Citizenship Programme Index (CPGI) and the Global Residence Program Index (GRPI) and is released this year by Henley & Partners.
The residence programmes were evaluated according to 10 indicators: Reputation, Quality of Life, Taxation, Visa-free Access, Processing Time and Quality of Processing, Compliance, Financial Requirements, Total Costs, Time to Citizenship, and Citizenship Requirements. Each indicator had an equal weighting of 10, producing a total score out of 100 for each country.
Malta clinched the top spot in world’s top citizenship-by-investment programme for the third consecutive year, whilst Portugal similarly occupies the top spot for the world’s best residence-by-investment programme for the third time in a row.
The rise of benchmarking tools such as the global residence and citizenship programmes report reflects the growing positive interest in the investment migration industry, said Christian Kälin, group chairman at Henley & Partners.
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