As the old saying goes, there is no place like home. While this rings true for many, there are a good number of individuals who would like to see firsthand just how accurate this saying is.
The personality of most people typically dictates that they build a home somewhere they feel very attached to and familiar with.
However, for a slew of reasons such as economic opportunities, adventure, and or building new experiences, some people tend to opt for the idea of getting a second citizenship.
For this reason, global citizens may try to give preference to nations that respect freedom of movement while some countries implement significant changes to their immigration policies.
According to the latest World Citizenship Report 2024, by CS Global Partners, which surveyed high net-worth individuals (HNWI), quality of life and safety matter most when considering a second citizenship.
Other factors such as financial freedom, global mobility, geopolitical instability, and economic opportunity, were taken into consideration when indexing the top countries where people want a second citizenship.
With that said, below is a list of the top destinations rich people prefer to get second citizenship in, according to the aforementioned report.
Top 10 countries rich people consider for a second citizenship
| Rank | Country | Score |
|---|---|---|
|
1. |
Iceland |
86.6 |
|
2. |
Switzerland |
86.0 |
|
3. |
Denmark |
84.6 |
|
4. |
Australia |
83.0 |
|
5. |
Iceland |
82.7 |
|
6. |
Germany |
82.7 |
|
7. |
Norway |
82.5 |
|
8. |
Netherlands |
82.5 |
|
9. |
United Kingdom |
82.5 |
|
10. |
Sweden |
82.5 |
To identify which motivators drive citizenship, CS Global Partners used a mixed-methods study methodology to better understand the motivations for pursuing second citizenship and the importance of each element.
To ensure that their research focused on expert analysis rather than value judgments, they used their network of industry experts and unique access to global citizens to investigate and identify the incentives for gaining second citizenship.
CS Global Partners conducted interviews and focus groups with industry leaders and citizenship specialists to identify the motives for acquiring a second citizenship. They then polled high-net-worth individuals globally to gain a deeper understanding of their involvement with these themes.
Each motivation was given a score out of 100, after which CS Global partners combined the results from each jurisdiction across the five motivators using a weighted average to rank all citizenships in order of least to most potent overall.
With information from the poll of more than 500 HNWls worldwide, the relative weights of each motivator were determined.
