High-net-worth individuals (HNWIs) across the globe are constantly evaluating which countries offer the best opportunities for citizenship. Africa, with its growing economies and attractive programs, is emerging as a key destination
The World Citizenship Report 2024 reveals a rising interest in second citizenship among HNWIs worldwide, with Africa emerging as a key destination. HNWIs are now focused on securing a better quality of life, safeguarding their wealth, protecting themselves from future risks, moving beyond visa-free travel and tax benefits.
The global survey showed that 36.9% of respondents ranked ‘Quality of Life’ as the top factor when considering second citizenship. Additionally, many expressed concerns about healthcare, environmental sustainability, and economic competitiveness, indicating dissatisfaction with their current governments in these areas.
Safety and security were also identified as major considerations for second citizenship. These factors account for 25% of a nation’s overall World Citizenship Index (WCI) score, reflecting the importance of greater security to HNWIs. Currency stability and economic competitiveness were further motivators, with many participants pointing to the economic performance of their home countries as a concern.
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Overall, the data underscores Africa’s increasing appeal to HNWIs seeking citizenship, driven by opportunities for wealth protection, better living conditions, and secure investments.
Here are the top 10 African countries where HNWIs are most likely to consider citizenship based on global ranking and score
1. Mauritius
Mauritius ranks as the top African country for citizenship consideration among HNWIs. With a global rank of 50 and a score of 66.2, it has become a favourable option. The country offers various incentives that attract individuals seeking a stable environment for residence.
2. Seychelles
Seychelles comes in second place with a global rank of 54 and a score of 64.4. Known for its appealing economic landscape, the country provides several pathways for individuals looking to obtain citizenship.
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3. Cape Verde
Ranking 55th globally with a score of 63.8, Cape Verde is gaining traction among wealthy individuals. Its strategic location and citizenship policies make it an option for those interested in long-term investments and security.
4. Botswana
Botswana has a global rank of 59 and a score of 62.5. The country’s favourable economic conditions are driving more HNWIs to consider it as a viable option for citizenship. It continues to attract those seeking stability and ease of doing business.
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5. Malawi
Malawi ranked 80th globally with a score of 55.9, offering several avenues for citizenship, especially for those interested in agricultural investment. The country’s positioning in the region also adds to its appeal for wealthy individuals.
6. Namibia
With a global rank of 84 and a score of 55.0, Namibia provides a stable political environment, encouraging HNWIs to explore its citizenship opportunities. Its economic potential continues to draw interest from wealthy individuals.
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7. Sierra Leone
Ranked 96th globally, Sierra Leone has a score of 51.2. The country’s growing economy and its position in West Africa make it a notable option for HNWIs considering citizenship in the region.
8. Ghana
Ghana holds a global rank of 100, tied with Tunisia, and has a score of 49.8. Its growing appeal for wealthy individuals stems from its expanding economy and robust opportunities for business investment.
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9. Tunisia
Tunisia shares the 100th position globally with Ghana, also scoring 49.8. The country offers several citizenship pathways that appeal to HNWIs, making it a potential option for those seeking residence in North Africa.
10. Cote d’Ivoire
Closing the list is Cote d’Ivoire, ranked 102nd globally with a score of 49.6. With its location in West Africa, the country provides opportunities for HNWIs looking to explore emerging markets for citizenship and business expansion.
