Global Residency and Citizenship by Investment Report

Global Residency and Citizenship by Investment Report

Foreword from the CEO

At Global Citizen Solutions, we believe that global mobility is not just about access. It’s about possibility! Possibility for families to build better futures, for entrepreneurs to unlock opportunity, and for individuals to find security in an uncertain world. As CEO, I’ve had the privilege of watching the Residence and Citizenship by Investment (RCBI) space evolve from a quiet legal niche into a dynamic global ecosystem. But with growth comes complexity. That’s why I’m proud to introduce the Global RCBI Report 2025, a tool designed not just to rank programs, but to help people make informed, strategic, and values-aligned decisions.

We live in a time of tremendous flux, geopolitical instability, economic headwinds, shifting regulations. In this context, RCBI has become much more than a mobility solution. For many, it’s a lifeline, a way to protect assets, ensure personal safety, access better healthcare or education, or simply gain the freedom to move. And yet, despite its growing relevance, the RCBI landscape remains fragmented and complex: 36 programs across 35 countries, each with their own rules, timelines, benefits, and risks. Comparing them fairly is no easy task.

That’s where this report comes in. Backed by months of research, data analysis, and industry engagement, it delivers the most comprehensive and balanced comparison of global RCBI options to date. Our methodology looks beyond superficial markers like minimum investment or passport count. Instead, we evaluate each program across 18 indicators, grouped into five dimensions that truly matter to investors: Procedure, Mobility, Tax Optimization, Quality of Life, and Investment Environment. It’s a holistic approach designed to reflect what people care about when choosing a second residence or citizenship, not just what’s legally available, but what’s strategically meaningful.

We’ve also separated the rankings into two clear tracks: CBI for those seeking immediate nationality, and RBI for those preferring a long-term residence route. This distinction matters. It empowers users to understand the difference between access and integration, between short-term flexibility and long-term belonging.

The findings are fascinating. Caribbean countries like Antigua and Barbuda, St. Kitts and Nevis, and Grenada continue to excel in the CBI space, showing how small nations can compete globally through efficient, investor-friendly policies. On the RBI side, countries like Portugal, Greece, and Switzerland remain top choices, but we’re also seeing the rise of new contenders like Singapore, Luxembourg, and the UAE, whose programs increasingly blend investment with innovation, sustainability, and national development goals.

Importantly, this report goes beyond rankings. It explores the broader trends shaping investment migration in 2025: growing compliance and transparency measures  from CBI programs, the rise of hybrid talent-investment visas, and the alignment of RCBI with national strategies around tech, climate, and resilience. These are not just immigration programs, they’re tools of diplomacy, development, and human mobility.

For me, the Global RCBI Report is personal. It’s a reflection of what our clients face every day: difficult decisions, high stakes, and a desire to do what’s best for themselves and their loved ones. It’s also a reminder that citizenship and residency are not abstract legal statuses, they are rights, protections, and possibilities. Our mission at Global Citizen Solutions is to make these possibilities visible, accessible, and meaningful.

I hope it gives you confidence to navigate the RCBI space with purpose, strategy, and trust.


Patricia Casaburi
CEO, Global Citizen Solutions

Methodology

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The Global RCBI Report 2025 offers the most comprehensive, data-driven assessment of the global Residence and Citizenship by Investment (RCBI) landscape to date. Analyzing 36 programs across 35 countries, the report ranks both Citizenship by Investment (CBI) and Residence by Investment (RBI) schemes using a rigorous methodology built on 18 targeted indicators, grouped into five thematic sub-indexes or dimensions: Procedure Index, Mobility Index, Tax Optimization Index, Quality of Life Index, and Investment Environment Index.

Each program is scored using a mix of quantitative and qualitative data, standardized and normalized for cross-country comparability. The result is a dual index (one for CBI and one for RBI) that reflects not only the legal and administrative structure of each program, but also its broader appeal to global investors, entrepreneurs, and relocating families.

Constructing the rankings for the five dimensions for the Global RCBI Report required a rigorous multi-step methodology that combines normalization techniques, comparative policy analysis, and expert calibration. Each sub-index – Procedure, Mobility, Tax Optimization, Quality of Life, and Investment Environment – is weighted and rated on a standardized scale from 0 to 10. These scores are derived from a synthesis of multiple quantitative indicators and qualitative variables, carefully selected to reflect both investor priorities and policy design dimensions.

We welcome journalists and content creators to use insights from Global Citizen Solutions in your articles and publications. Please credit Global Citizen Solutions as the source and include a link to our website so readers can explore our research, data, and global mobility tools in more detail.

Full Report

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Investment migration serves as an umbrella term encompassing a range of programs that enable individuals to acquire residence or citizenship rights through economic contributions. It includes Residence by Investment (RBI) schemes (commonly known as Golden Visas) which offer legal residency in exchange for qualifying investments, as well as Entrepreneurial Visas that require active business engagement, job creation, and immediate relocation. On the other hand, Citizenship by Investment (CBI) programs, often referred to as Golden Passports, grant citizenship directly through capital contributions without the need for prior residence. Together, these pathways reflect the diversity of state strategies in leveraging migration channels to attract foreign capital, talent, and entrepreneurship, while maintaining differentiated levels of integration and mobility rights.

investment-migration

The Global RCBI Report provides insights into the shifting landscape of investment migration, highlighting the adaptive strategies employed by Citizenship by Investment (CBI) and Residence by Investment (RBI) programs amid evolving global trends. Caribbean countries such as Antigua and Barbuda, St. Kitts and Nevis, and Grenada continue to dominate the CBI market by offering streamlined application processes, advantageous tax structures, and extensive global mobility benefits, positioning themselves effectively to attract international investors. Their success illustrates how smaller nations can significantly enhance their global presence through carefully structured, strategically targeted programs.

In the realm of RBI programs, established destinations like Greece, Malta, Portugal, and Switzerland retain their attractiveness due to reliable legal frameworks and superior residency benefits. Concurrently, newer participants including Latvia, Luxembourg, Singapore, and the UAE are transforming the RBI landscape by aligning their residency schemes with innovative and sustainable economic growth initiatives. Through its comparative analysis of these varied approaches, the report sheds essential light on emerging trends and competitive dynamics shaping the future of the RCBI sector.

Ranking Country Score Full Detail
1 st
Antigua and Barbuda
94.3 Learn More
2 nd
St. Kitts and Nevis
93.6 Learn More
3 rd
Grenada
93.2 Learn More
4 th
Dominica
90.5 Learn More
5 th
St. Lucia
89.8 Learn More
6 th
Malta
88.0 Learn More
7 th
Nauru
87.4 Learn More
Ranking Country Score Full Detail
8 th
Austria
85.9 Learn More
9 th
North Macedonia
84.8 Learn More
10 th
Vanuatu
84.4 Learn More
11 th
Türkiye
83.9 Learn More
12 th
Jordan
83.6 Learn More
13 th
Egypt
80.9 Learn More
14 th
Cambodia
80.6 Learn More
Ranking Country Score Full Detail
8 th
Malta
86.6 Learn More
9 th
Austria
85.3 Learn More
10 th
Türkiye
84.9 Learn More
11 th
Cambodia
83.8 Learn More
12 th
Egypt
83.4 Learn More
13 th
Jordan
83.3 Learn More
14 th
Vanuatu
82.8 Learn More
Ranking Country Score Full Detail
8 th
Türkiye
73.2 Learn More
9 th
Grenada
72.7 Learn More
10 th
Nauru
61.4 Learn More
11 th
Egypt
55.7 Learn More
12 th
Vanuatu
50.7 Learn More
13 th
Jordan
50.5 Learn More
14 th
Cambodia
50.0 Learn More
Ranking Country Score Full Detail
1 st
Grenada
100.0 Learn More
1 st
St. Kitts and Nevis
100.0 Learn More
2 nd
Dominica
93.8 Learn More
2 nd
St. Lucia
93.8 Learn More
2 nd
Nauru
93.8 Learn More
3 rd
Antigua and Barbuda
87.5 Learn More
3 rd
Malta
87.5 Learn More
Ranking Country Score Full Detail
3 rd
Vanuatu
87.5 Learn More
3 rd
Cambodia
87.5 Learn More
3 rd
Egypt
87.5 Learn More
4 th
North Macedonia
81.3 Learn More
4 th
Jordan
81.3 Learn More
5 th
Austria
75.0 Learn More
5 th
Türkiye
75.0 Learn More
Ranking Country Score Full Detail
1 st
Austria
96.5 Learn More
2 nd
Malta
91.4 Learn More
3 rd
St. Kitts and Nevis
86.3 Learn More
4 th
Grenada
84.8 Learn More
5 th
Antigua and Barbuda
83.7 Learn More
6 th
Türkiye
82.0 Learn More
7 th
Dominica
77.3 Learn More
Ranking Country Score Full Detail
8 th
North Macedonia
75.3 Learn More
9 th
St. Lucia
74.7 Learn More
10 th
Nauru
72.8 Learn More
11 th
Jordan
70.5 Learn More
12 th
Egypt
64.9 Learn More
13 th
Vanuatu
63.0 Learn More
14 th
Cambodia
57.8 Learn More
Ranking Country Score Full Detail
1 st
St. Kitts and Nevis
94.42 Learn More
2 nd
Austria
92.87 Learn More
3 rd
Antigua and Barbuda
91.66 Learn More
4 th
Malta
91.39 Learn More
5 th
North Macedonia
78.92 Learn More
6 th
St. Lucia
73.37 Learn More
7 th
Grenada
70.72 Learn More
Ranking Country Score Full Detail
8 th
Nauru
70.37 Learn More
9 th
Türkiye
70.09 Learn More
10 th
Dominica
69.23 Learn More
11 th
Vanuatu
68.87 Learn More
12 th
Jordan
63.51 Learn More
13 th
Cambodia
58.32 Learn More
14 th
Egypt
54.96 Learn More
Ranking Country Score Full Detail
1 st
Greece
91.47 Learn More
2 nd
Malta
89.97 Learn More
3 rd
Switzerland
89.94 Learn More
4 th
Luxembourg
89.26 Learn More
5 th
Portugal
89.20 Learn More
6 th
Italy
89.10 Learn More
7 th
United Arab Emirates
88.84 Learn More
8 th
Cyprus
88.79 Learn More
Ranking Country Score Full Detail
9 th
Costa Rica
88.37 Learn More
10 th
New Zealand
88.03 Learn More
11 th
Jersey
87.93 Learn More
12 th
Canada
85.91 Learn More
13 th
Hungary
84.78 Learn More
14 th
Mauritius
84.77 Learn More
15 th
Monaco
84.59 Learn More
16 th
Montenegro
84.32 Learn More
Ranking Country Score Full Detail
17 th
Singapore
84.15 Learn More
18 th
United States
83.38 Learn More
19 th
Hong Kong
83.15 Learn More
20 th
Latvia
82.94 Learn More
21 st
Panama
81.58 Learn More
22 nd
Thailand
79.38 Learn More
23 rd
Malaysia
78.76 Learn More
Ranking Country Score Full Detail
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Ranking Country Score Full Detail
1 st
Greece
91.86 Learn More
2 nd
Cyprus
88.49 Learn More
3 rd
Italy
87.64 Learn More
4 th
Jersey
86.50 Learn More
5 th
Luxembourg
85.78 Learn More
6 th
United Arab Emirates
85.65 Learn More
7 th
Portugal
85.53 Learn More
8 th
Switzerland
85.20 Learn More
Ranking Country Score Full Detail
9 th
Malta
85.16 Learn More
10 th
Thailand
84.94 Learn More
11 th
United States
84.80 Learn More
12 th
Panama
84.79 Learn More
13 th
Hungary
84.69 Learn More
14 th
Latvia
83.98 Learn More
15 th
Costa Rica
83.90 Learn More
16 th
Montenegro
82.51 Learn More
Ranking Country Score Full Detail
17 th
Hong Kong
82.11 Learn More
18 th
New Zealand
81.55 Learn More
19 th
Mauritius
80.80 Learn More
20 th
Monaco
80.41 Learn More
21 st
Canada
78.04 Learn More
22 nd
Malaysia
77.82 Learn More
23 rd
Singapore
75.01 Learn More
Ranking Country Score Full Detail
1-16 of 23
Ranking Country Score Full Detail
1 st
Italy
96.77 Learn More
2 nd
Greece
91.94 Learn More
3 rd
Hungary
90.32 Learn More
4 th
Luxembourg
88.71 Learn More
5 th
Portugal
87.10 Learn More
6 th
Switzerland
85.48 Learn More
7 th
United Arab Emirates
83.87 Learn More
8 th
Singapore
82.26 Learn More
Ranking Country Score Full Detail
9 th
New Zealand
79.03 Learn More
10 th
Malaysia
75.81 Learn More
11 th
Canada
74.19 Learn More
12 th
United States
70.97 Learn More
13 th
Cyprus
69.35 Learn More
14 th
Malta
67.74 Learn More
15 th
Latvia
66.13 Learn More
16 th
Monaco
64.52 Learn More
Ranking Country Score Full Detail
17 th
Hong Kong
62.90 Learn More
18 th
Jersey
61.29 Learn More
19 th
Montenegro
59.68 Learn More
20 th
Costa Rica
58.06 Learn More
21 st
Mauritius
56.45 Learn More
22 nd
Panama
54.84 Learn More
23 rd
Thailand
51.61 Learn More
Ranking Country Score Full Detail
1-16 of 23
Ranking Country Score Full Detail
1 st
United Arab Emirates
100.0 Learn More
2 nd
Costa Rica
91.67 Learn More
2 nd
Panama
91.67 Learn More
2 nd
Singapore
91.67 Learn More
3 rd
Portugal
89.58 Learn More
3 rd
Switzerland
89.58 Learn More
4 th
Jersey
85.42 Learn More
4 th
New Zealand
85.42 Learn More
Ranking Country Score Full Detail
5 th
Hong Kong
83.33 Learn More
5 th
Malaysia
83.33 Learn More
5 th
Thailand
83.33 Learn More
6 th
Cyprus
77.08 Learn More
6 th
Hungary
77.08 Learn More
6 th
Latvia
77.08 Learn More
6 th
Malta
77.08 Learn More
6 th
Monaco
77.08 Learn More
Ranking Country Score Full Detail
6 th
Montenegro
77.08 Learn More
6 th
Luxembourg
77.08 Learn More
6 th
Mauritius
77.08 Learn More
7 th
Greece
68.75 Learn More
7 th
Italy
68.75 Learn More
7 th
Canada
68.75 Learn More
8 th
United States
58.33 Learn More
Ranking Country Score Full Detail
1-16 of 23
Ranking Country Score Full Detail
1 st
Canada
96.64 Learn More
2 nd
New Zealand
93.76 Learn More
3 rd
Switzerland
93.12 Learn More
4 th
Singapore
90.80 Learn More
5 th
Portugal
90.17 Learn More
6 th
Luxembourg
89.34 Learn More
7 th
Jersey
87.63 Learn More
8 th
Malta
86.70 Learn More
Ranking Country Score Full Detail
9 th
Monaco
86.24 Learn More
10 th
Italy
86.22 Learn More
11 th
United Arab Emirates
83.88 Learn More
12 th
Hong Kong
82.34 Learn More
13 th
Costa Rica
80.43 Learn More
14 th
Mauritius
80.07 Learn More
15 th
Cyprus
79.73 Learn More
16 th
Greece
79.40 Learn More
Ranking Country Score Full Detail
17 th
United States
78.70 Learn More
18 th
Hungary
78.62 Learn More
19 th
Latvia
78.34 Learn More
20 th
Malaysia
77.67 Learn More
21 st
Montenegro
73.90 Learn More
22 nd
Panama
73.81 Learn More
23 rd
Thailand
70.97 Learn More
Ranking Country Score Full Detail
1-16 of 23
Ranking Country Score Full Detail
1 st
New Zealand
80.31 Learn More
2 nd
Singapore
79.96 Learn More
3 rd
Hong Kong
79.24 Learn More
4 th
United States
78.14 Learn More
5 th
Mauritius
76.39 Learn More
6 th
Monaco
76.30 Learn More
7 th
Malaysia
76.26 Learn More
8 th
United Arab Emirates
75.90 Learn More
Ranking Country Score Full Detail
9 th
Thailand
75.14 Learn More
10 th
Canada
75.01 Learn More
11 th
Switzerland
72.95 Learn More
12 th
Portugal
72.67 Learn More
13 th
Malta
71.88 Learn More
14 th
Italy
70.57 Learn More
14 th
Greece
70.57 Learn More
15 th
Jersey
68.56 Learn More
Ranking Country Score Full Detail
16 th
Costa Rica
67.31 Learn More
17 th
Luxembourg
66.39 Learn More
18 th
Panama
65.36 Learn More
19 th
Hungary
61.87 Learn More
20 th
Cyprus
60.23 Learn More
21 st
Latvia
55.67 Learn More
22 nd
Montenegro
50.66 Learn More
Ranking Country Score Full Detail
1-16 of 23

Insights

The Rise of Dual Citizenship: Between Statecraft and Insurance Policy
The Rise of Dual Citizenship: Between Statecraft and Insurance Policy

Over the past three decades, d ual citizenship has transformed from a rare legal anomaly into a mainstream global practice. For most of the 19th and 20th centuries, dual citizens were objects of suspicion, derided for what was often called “political bigamy.” Nowadays, the majority of countries in Europe and the Americas, as well as many in Asia, allow their citizens to hold more than one nationality.({Harpaz, Yossi. 2019. Citizenship 2.0: Dual Nationality as a Global Asset. Princeton, NJ: Princeton University Press.}) This shift reflects a broader transformation in the way citizenship is understood and used by states as well as individuals. On both sides, the acceptance of dual citizenship is creating new options for strategic and flexible behavior. States increasingly view citizenship as a policy tool for pursuing economic, demographic, and geopolitical objectives. Meanwhile, individuals—especially those outside the West—approach citizenship as a strategic asset: a means of securing mobility, opportunity, and protection in an uncertain world.

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Investment Migration, Global Development, and the Economic Potential of New Generations
Investment Migration, Global Development, and the Economic Potential of New Generations

After three to four decades of globalization that brought about new wealth creation, global mobility and a few crises, things are changing and now the world faces the risks of continued armed confrontations, trade wars, political polarization in big countries and policy unpredictability. All these factors are leading to an increase in the insurance value of investment migration that attracts High-Net-Worth Individuals (HNWI)({A wealthy person or HNWI is often defined as individuals with investable (liquid) wealth over U$ 1 million (some use a higher threshold of investable wealth of over U$ 3 million), see Solimano (2024).}), professionals, entrepreneurs, and other talented people. Global solutions for this pool of internationally mobile people are, certainly, needed. In addition, new topics are emerging such as the growing portance of the youth as a very relevant actor in the process of wealth accumulation and international mobility, but challenges also exist in this area.

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From Economic Necessity to Global Leadership: Caribbean Citizenship by Investment (CBI) Programs
From Economic Necessity to Global Leadership: Caribbean Citizenship by Investment (CBI) Programs

Citizenship by Investment (CBI) programs in the Caribbean have emerged as a strategic economic tool for small island nations navigating the post-independence landscape. In the wake of British colonial rule, many of these countries faced limited natural resources and economic dependence in on vulnerable sectors such as agriculture and tourism. To address these challenges and attract much-needed foreign capital, several Caribbean states introduced CBI programs—offering citizenship in exchange for substantial investments in areas such as real estate or government funds. More than just a financial mechanism, CBI programs have become a cornerstone of economic diversification and resilience across the region.

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