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November 2017

Malta and Portugal have ‘world’s best migration schemes’

Published: Tuesday 21 November 2017

By Adrian Bishop

Portugal and Malta have been declared the best migration schemes in the world for the third year running.
 
Portugal topped the residence-by-investment programme category, according to the Global Residence and Citizenship Programs 2017–2018 report.
 
Portugal’s Golden Residence Permit Program was rated the world’s best residence-by-investment scheme with a score of 79 out of 100 in the report from global residence and citizenship advisory firm, Henley & Partners.
 
Austria came second with 78 and Belgium third on 77. In last and 20th place, with a score of 36, is Bulgaria’s residence program.
The residence programmes surveyed in the report were assessed 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.

Malta is ranked as the world’s top citizenship-by-investment programme in the report, which is claimed to be the industry standard for benchmarking and measuring the attractiveness of investment migration programs.
 
Malta’s Individual Investor Program (MIIP) had a score of 81 out of 100. Cyprus is in second on 72 and Austria in third with 63. Antigua and Barbuda ranked fourth, followed closely by Grenada. The lowest-ranked citizenship program is Dominica’s, with a score of 51.
 
The eight citizenship programmes included in the report were evaluated according to 10 indicators: Reputation, Quality of Life, Visa-free Access, Processing Time and Quality of Processing, Compliance, Financial Requirements, Residence Requirements, Relocation Flexibility, Physical Visit Requirements, and Transparency. Each indicator had an equal weighting of 10, producing a total score out of 100 for each country.

The third annual Global Residence and Citizenship Programs report offers an analysis and benchmarking of the world’s leading investment migration programs. 
These programmes were evaluated by a distinguished panel of independent experts — including immigration and citizenship lawyers, economists, country risk experts, academic researchers, and other specialists — who considered a broad range of factors pertaining to each programme.
 
Dr Christian H. Kälin, an international immigration and citizenship law expert and Group Chairman of Henley & Partners, says, “The Global Residence and Citizenship Programs publication is an indispensable tool, not only for all those interested in alternative residence or citizenship but also for professionals such as private client advisors, private bankers, and lawyers, as well as for governments operating investment migration programs.”
 
The report marks the Global Residence and Citizenship Conference in Hong Kong, which starts tomorrow in Hong Kong and runs from 14-16 November 2017 and is expected to be attended by more than 400 delegates from 40 countries.
 
The annual event, now in its 11th year, has become the world’s largest and most significant conference on investment migration. It brings together presidents, prime ministers, senior government officials, leading academics, and industry professionals, as well as top-tier financial and business media.
 
Key speakers at the conference include investment legend and global financial commentator Jim Rogers, who will speak about the trends and issues affecting global citizens and their investments, the Prime Minister of Malta, the Hon. Dr. Joseph Muscat, who will talk about the advantages of Maltese citizenship for Asian investors, and the Prime Minister of Antigua and Barbuda, the Hon. Gaston Browne, who will address the challenges of climate change and how these can be addressed by investment migration programs.
 
For those interested in Portuguese property, look out for a forthcoming free guide from Halo Financial.

Images provided by Henley & Partners

For more information, infographics and the latest currency insights, visit www.halofinancial.com/news