In recent years, Africa has steadily evolved into a potential investment and residential destination. The continent has long attracted people seeking fresh chances, various cultures, and a high standard of living. Among the many alternatives available, the Henley Residence by Investment Index stands out.
The Henley Residence Program Index identifies two African countries as top investment destinations for high-net-worth individuals seeking new opportunities, including clients, immigration professionals, and policymakers.
In a nutshell, these countries allow stakeholders to manage investment migration plans in order to attain financial independence and economic growth. It not only provides residency benefits, but it also helps the host country’s economy grow, improve infrastructure, and create new jobs.
According to Henley & Associates, “Residence by investment programs, also known as golden visa programs, provide high-net-worth individuals with the option to relocate and the right to live, work, study, and receive healthcare in their new countries of residence.”
The Henley Residence Program Index is updated annually in the Investment Migration Programs report by experts including academics, nation risk specialists, economists, independent immigration and citizenship attorneys, and others.
As previously stated, 15 countries from throughout the world made the 2024 list, including two African nations. This list is courtesy of Henley & Partners, a famous platform that manages residency and citizenship plans.
With that said, below are the most prominent residence-by-investment initiatives in Africa for 2024. Its score is calculated using eight essential metrics.
1. Mauritius
With a score of 49 on the Henley Residence Program Index and ranking 14th on the list, the culminative scores on its parameters, according to Henley and partners, are:
Reptation – 7
Quality of Life – 8
Tax -8
Visa Free or Visa on Arrival Access- 2
Processing Time -6
Compliance -6
Investment Requirements – 6
Total Cost – 6
2. Namibia
Namibia ranks 15th on the Henley Residence Program Index, with an evenly weighted score of 49, and is the second African country (out of two). The scores for its metrics include:
Reptation – 5
Quality of Life – 5
Tax -7
Visa Free or Visa on Arrival Access- 2
Processing Time -7
Compliance -5
Investment Requirements – 5
Total Cost – 7
Citizenship requirement – 7
They worked with a number of sources and experts to acquire and understand the primarily qualitative data used in the Henley Residence Program Index 2024. Henley and Partners depended largely on residence and citizenship experts, as well as investors and government officials. As a result, the explanatory power that underpins the scores in the various categories is based on surveys, respondent interviews, and expert opinions gleaned from carefully selected sources. Wherever possible, the subjectivity of individual elements was assessed using publicly available data and widely accepted composite measures.