Crypto investors and tech entrepreneurs look to Saint Kitts and Nevis for more freedom
A growing number of crypto investors and tech entrepreneurs are seeking second citizenship as a way to gain greater freedom. This growing demographics have combined assets like cryptocurrency with additional citizenships to unleash financial self-sufficiency and wealth diversity in recent years.
A second citizenship provides a level of safety and security that investors can count on during political or economic turmoil. The onset of the COVID-19 pandemic has particularly pushed families to obtain a second citizenship to better protect themselves and their finances.
The two-island nation of St. Kitts and Nevis has been a popular destination among the wealthy, primarily through its Citizenship by Investment (CBI) program. This initiative offers a reliable path to a second citizenship once an applicant invests in the country. Established in 1984, the Saint Kitts and Nevis program is internationally recognized as a “Platinum Standard” mark.
Despite being the smallest sovereign state in the Western Hemisphere, Saint Kitts and Nevis is one of the most technologically advanced countries in the region when it comes to its crypto-friendly banking approach. The islands recently passed a bill to simplify trading in virtual assets and are also currently running a digital currency pilot program known as DCash.
“We have seen an increase in interest in second citizenship from the tech community. This demographic, technologically, is already global, so it makes sense that they want their assets to reflect this mindset, ”says Micha Emmett, CEO of CS Global Partners. , legal advice that helps clients with citizenship and residency solutions.
With more than three decades of investment migration experience, the Double Island offers a trusted product that has been acclaimed around the world by independent studies such as the annual CBI Index published by PWM magazine from Financial Times. With an influx of citizenship programs in the market, Saint Kitts and Nevis remains a pioneer in the industry with one of the oldest programs in operation. Currently, investors can take advantage of a limited time offer that allows a family of up to four to acquire citizenship for the same price as an individual.
Those who become citizens enjoy many benefits, including increased global mobility to nearly 160 destinations, alternative business opportunities and the ability to pass on citizenship, thus creating a future legacy for one’s family. Additionally, St. Kitts and Nevis imposes no income, gift, or inheritance taxes and has a currency pegged to the U.S. dollar, making it a financially lucrative destination for savvy investors.
For those looking to hedge against future risks, the combination of cryptocurrency and second citizenship offers investors the ultimate insurance policy in times of unpredictability. Saint Kitts and Nevis remains the best destination to secure your future with a thriving financial services industry and a growing crypto-hub.
Tags: second citizenship, st. kitts and nevis, best citizenship programs, Caribbean citizenship, citizenship by investment