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In this section we take a closer look at residence- and citizenship-by-investment (RCBI) programs in terms of their capacity to provide access to health security.
The bar-line combination charts will be of significant interest to anyone considering RCBI programs where access to good healthcare and better security is vitally important, as they provide insight into how each RCBI program country performed in the six main parameters of Deep Knowledge Analytics’ (DKA’s) Covid-19 Regional Safety Assessment, namely government efficiency of risk management, emergency preparedness, monitoring and detection, quarantine efficiency, healthcare readiness, and country vulnerability.
For those interested in viewing additional interactive graphics, please visit DKA’s website.
Canada, Austria, and Australia have the highest scores for government efficiency. All three countries have strong national defense strategies and robust emergency response mechanisms — in particular, those for mitigating the negative impact of Covid-19. Further factors that are conducive to effective risk management are political stability, efficient government structures, and low levels of corruption.
The UAE scores highest for emergency preparedness, followed by the islands of Hong Kong and Jersey. The energy sector dominates in the UAE and consists of various geographically dispersed assets — electricity, oil, and natural gas — that are connected by systems and networks. Their protection and, within the energy sector especially, the safeguarding of oil and gas infrastructure from internal and external threats is top priority in the UAE, which has national plans for responding to emergencies, including tectonic activity, climate change, nuclear energy, terrorism and war, and so on.
The distinguishing characteristic of the UAE, Canada, St. Kitts and Nevis, New Zealand, and Hong Kong, which score highest in monitoring and detection, is their active development of artificial intelligence and machine learning healthcare initiatives and solutions — and those that are related to Covid-19 in particular. Furthermore, all have developed Government Surveillance Technologies for monitoring the virus.
New Zealand scores highest for quarantine efficiency, which is a result of the implementation of graduated, risk-informed national Covid-19 suppression measures aimed at disease elimination during the pandemic. Emerging evidence regarding SARS-CoV-2 saw the island nation changing from a response that was guided by national influenza pandemic planning to an approach that was tailored to Covid-19, which focused on stopping community spread rather than slowing down transmission. New Zealand's response resulted in a low relative burden of disease, low levels of population disease disparities, and the initial achievement of Covid-19 elimination.
Throughout the pandemic countries have had to make vast investments in their healthcare systems. In particular, the RCBI countries that are at the forefront — namely Switzerland, Australia, the USA, Canada, and Monaco — are funding the mobilization of new health resources. Their level of progress in healthcare is relatively high and there is evidence of recent advances and optimization of healthcare in the regions.
The Covid-19 situation in small countries is complex and diverse. They do not all face the same challenges, and there are both advantages and disadvantages in terms of their exposure to the virus and their capacity for response. Monaco and Cyprus are in the high-risk category of vulnerability owing to their ‘travel connectivity’ as both tourism and business remain prevalent in the transmission of the virus. Also, due to the increasing ease and affordability of air travel and mobility of people, the transmission of airborne, food-borne, and vector-borne infectious diseases has become an important public health issue.
Henley & Partners assists international clients in obtaining residence and citizenship under the respective programs. Contact us to arrange an initial private consultation.
