The Platinum Second Citizenship program that Middle Eastern investors can take advantage of now – News
Investors will enjoy significant benefits from award-winning Saint Kitts and Nevis citizenship investment programs
The growing trend to hold multiple nationalities has exploded around the world over the past 18 months as more investors begin to see the need and value of having a second nationality. The Covid-19 pandemic has changed priorities, and many are now looking for a reliable insurance policy that promises social, economic and political stability.
Whether it’s keeping your family safe, expanding your business and travel opportunities, or the simple need for security and stability, a second citizenship can make all the difference in your life and that of your relatives. It also enables high net worth individuals to diversify their assets, minimizing risk by spreading financial investments across sectors and countries.
For those pressed for time who want a quick fix, Citizenship by Investment (CBI) programs offer a quick and direct route to a second citizenship. The process requires the applicant to make a qualifying investment in the host country after passing rigorous due diligence checks. After obtaining citizenship, investors have access to a wide variety of benefits.
The Middle East, especially the United Arab Emirates, is no stranger to these programs. Investors and entrepreneurs in the region have long benefited from CBI, and many choose the Caribbean because of its profitable options.
A standard platinum brand
The concept of CBI was first introduced in St. Kitts and Nevis in 1984, making it the oldest program on the market, one of the many reasons the island nation has been internationally dubbed a Platinum Standard brand. With nearly four decades of experience in the investment migration industry, Saint Kitts and Nevis is a leader not only regionally but also globally.
The program has evolved over the years thanks to the refinement of its processes and its ability to provide a brilliant investment opportunity for people open to the world. This includes the introduction of the Sustainable Growth Fund, which has been recognized as the easiest route to a second citizenship. Additionally, the program is inclusive as it allows extended family members, including siblings, to be added as dependents.
Those who become citizens of St. Kitts and Nevis can travel visa-free prior to departure to nearly 160 destinations, the Caribbean’s largest travel offering. This is crucial for those who want to keep their business competitive by accessing global markets. Saint Kitts and Nevis also offers several business incentives, including zero personal income tax as well as gift tax, inheritance tax, or capital gains taxes. Citizens who choose to reside in the country are also assured of having a currency pegged to the United States in one of the region’s fastest growing economies.
Most importantly, Saint Kitts and Nevis citizenship gives families a Plan B in times of crisis, access to better education or health care, and a second home in a stable democracy. These factors made the Islands program the best CBI option in the world in the 2021 CBI Index, an in-depth report by the Financial Times’ PWM magazine.