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The top 5 places to do business in 2023 according to the World Citizenship Report: CS Global Partners

London, June 20, 2023 (GLOBE NEWSWIRE) — Access to opportunity is one of the most desirable qualities that any jurisdiction can offer.

This year, the 2023 World Citizenship Report measured 188 countries in the world, looking at what these nations have to offer High Net–Worth Individuals (HNWIs) and the mass affluent who are continually looking past their home borders for better opportunities.

One key motivator that was measured in the report was Economic Opportunity, which measures the overall ability of a nation to extend wealth, material comfort, and other key benefits of a strong economy to all of its citizens.

Greater access to improved business environments and employment opportunities allows individuals to participate in the economy while achieving their goals of securing their financial futures and raising the standard of living for themselves and their families. But it doesn't end there. Apart from the supplementary benefits of social mobility, a reduction in income disparity, and greater capital formation, having the freedom to pursue key financial goals leads to significant investment in an individual's own well–being, their families, and their communities, which, more often, is accompanied by a greater sense of purpose.

Not only have global mass affluent individuals shown to be willing to travel to access more powerful economies globally, but they also desire supportive business environments which enable them to fully realise their entrepreneurial potential.

A shift in economic growth from the West to emerging markets over the past few decades has led to new business hubs worldwide. Regions such as Asia, the Middle East, and South America have seen rapid economic growth, coupled with improved infrastructure and, in some cases, lighter regulation."

Entrepreneurs the world over are capitalizing on this, often by going through the"citizenship by investment"(CBI) route of a country that allows access to profitable business opportunities in booming markets across the globe.

The"World Citizenship Report"looks at the top business hubs globally, among other motivators for individuals looking to widen their prospects. Other motivators explored by the World Citizenship Report are Safety and Security, Quality of Life, Global Mobility, and Financial Freedom."The World Citizenship Report is based on research by London–headquartered leading government advisory and marketing firm"CS Global Partners.

So which countries are the world's most sought–after business hubs in 2023?

5. Switzerland and Japan

Switzerland and Japan both tied at fifth place, ranking at 82.3 in the Economic Opportunity pillar.

Switzerland, the 20th biggest economy in the world, is a well–known financial hub and a great place to invest thanks to its stable economy and strong business culture. The country is also known for its innovation and flourishing start–ups in the major cities.

In addition to its positive economic outlook, Japan is noted for its internal stability. The nation is considered one of the most politically stable countries in the world, as well as"one of the safest to travel in for work or business. Japan's economy has gained momentum in 2023 with surveys of business activity indicating that the economy is growing.

4. Netherlands

Taking fourth place, the Netherlands scored 82.4 and the country continues to be a good place to start a business. Considered as the gateway to Europe, the"Netherlands"has a stable business climate where ambitious companies can tap into innovation ecosystems to accelerate their businesses.

3. Hong Kong (SAR) China

In third place with a score of 83.1 is Hong Kong. The country has a"free–enterprise, free–trade economy and the government has traditionally adopted a policy of non–intervention in the private sector, while at the same time providing the territory with a modern and sophisticated commercial infrastructure and a sound legal and administrative framework.

2. United States of America

In second place is the United States of America. As one of the most recognised economies in the world, the USA offers a lucrative open market that is a powerful growth engine for companies of all sizes. Coupled with a predictable and stable political and judicial system where intellectual property is protected, the USA is a great place for business investment of any kind.

The country scored 83.7 in this year's World Citizenship Report.

1. Singapore
Singapore was crowned as the best place to do business this year with a score of 84.8. Singapore has a conducive environment for business given its regulatory environment, stable and efficient infrastructure to support starting a business, access to financial intermediation and services, and enforcement of contracts. The economy makes it easy for domestic and international businesses to make their mark in the global arena.


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Dominica Ranks as Safest Country in the Caribbean in 2023 World Citizenship Report: CS Global Partners

London, June 12, 2023 (GLOBE NEWSWIRE) — The Commonwealth of"Dominica"has been crowned as the safest place in the"Caribbean in the second annual World Citizenship Report published by the world's leading government advisory and marketing firm,"CS Global Partners.

Using data from the World Citizenship Index (WCI), the World Citizenship Report's data–driven tool which measures 188 countries across five motivators most relevant to the mass affluent, the Nature Isle topped the Safety and Security pillar in the region with a score of 76.9, bringing it to the 38th safest place in the international arena.

In the"Caribbean,"Grenada (46), St Kitts and Nevis (48), Saint Lucia (50) and Antigua and Barbuda (52) followed"Dominica's"safety and security rank of 38."Iceland (1),"New Zealand (2)"and"Switzerland (3)"kept their top rankings globally for the second year in a row, while economic giants like the US (65) and China (111) trailed much further behind"Dominica.

Dominica"continues to place emphasis on physical safety, rule of law, and political stability and ranks high in categories like voice and accountability, where citizens feel empowered to hold leaders accountable to their demands and needs.

The post–pandemic return to "normal' has been marred by generational inflation, broader macroeconomic volatility as well as the geopolitical instability stemming from the crisis in Ukraine "" which has threatened to upend the "Long Peace' enjoyed since the end of WWII.

The resultant supply chain, energy, and political pressures have pushed the global economy closer to a recession and are forcing governments to enact monetary and fiscal policy changes that are pressurising households the world over. Perhaps more importantly, the upheaval of the last two years that has engendered both restrictions on local and international movement and increased economic headwinds have compelled the world's citizens to reappraise their relationship with their own governments with respect to freedom, safety, and opportunity.

The mass affluent and high–net–worth individuals (HNWIs) are looking for alternative destinations as a bolt–hole for future crises in countries that offer the freedoms that are lacking in their home nations.

With many parts of the world also experiencing an uptick in violent crime due to ineffective policies and rising inequality, smaller jurisdictions in particular are increasingly prioritising efforts to ensure the rule of law for all as part of efforts to boost tourism and attract digital nomads. In the Caribbean for example, the United Nations Office on Drugs and Crime (UNODC) data shows that St Kitts and Nevis saw a 50 per cent reduction in its average crime statistics over the past five years resulting in it being ranked among the safest islands to visit in 2023 by well–known tourist guide "Travellers Worldwide".

Caribbean"nations that offer investment migration schemes such as Dominica, offer global citizens access to some of the best travel and economic markets in the world.

Dominica"began welcoming foreign nationals to obtain citizenship in 1993. The island remains politically and economically stable, with a low crime rate and rich investment opportunities.


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