Canada‘s immigrant investor program is not particularly notable among 31 countries, but Canadians’ quietness and following the rules during the Epidemic set it apart, according to a new report.
The latest report shows that after comparing 31 countries where investments can be made to gain residency or citizenship and ranking them by their attractiveness, Canada came in first.
The 31 countries have investment immigration programs that range from $100,000 to more than $7 million. Obtaining status in a country during a viral pandemic allows one to go and live there without travel restrictions.
London-based Henley & Partners, which advises wealthy individuals on global residency and citizenship programs, did the study based on an assessment of health risks.
The study, conducted by Deep Knowledge Group in collaboration with Henley& Partners, assessed countries’ responses to a pandemic using six factors: quarantine effectiveness, government risk management effectiveness, surveillance and detection of the virus, health care readiness, national vulnerability, and emergency preparedness.
The assessment was based on the Henley & Partners Global Citizen/Resident Program Index, with the addition of the six scores listed above. Canada’s Global Citizenship/Resident Program Index is 61, placing it outside the top 10 out of 31 countries, however, adding the six scores moves Canada into first place.
Top 10 Countries
The top 10 countries in this ranking are: Canada, New Zealand, Australia, Switzerland, Austria, United Arab Emirates, Singapore, Hong Kong, Italy and the United Kingdom.
In the report, Greg Lindsay, director of applied research at NewCities, wrote of Canada, “It’s no coincidence that this is the first country to close its border with the U.S. before anyone else a year ago, and it’s no coincidence that Canada takes the top spot in the Immigrant Investor Program Health Risk Assessment.”
He said that while Canada’s immigrant investor program is not particularly notable, the quietness of Canadians and following the rules during the epidemic set them apart, as seen in the Atlantic provinces, where they were isolated from other provinces and succeeded.
New Zealand, in second place, scored first in terms of quarantine efficiency. New Zealand’s borders have been closed since March 2020 and the country has implemented strict contract tracking measures. So far, only 26 deaths have been reported nationwide, with less than 2,500 total infections.
Hong Kong is in 8th place, but Curtis S. Chin, the first Asian researcher at the Milken Institute, has been the first to report the disease. Chin (Curtis S. Chin) wrote: “Investors and entrepreneurs seeking to relocate should be aware of the political and geopolitical changes taking place in Hong Kong that are not reflected in the health risk assessment of the immigration program.”
He said, “It is alarming that Hong Kong, long considered a top destination in the world, has been excluded from the Heritage Foundation’s Index of Economic Freedom in 2021 due to Beijing‘s increasing involvement in the Special Administrative Region’s economy.”
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