St Kitts and Nevis CBI Program Witnesses Notable Increase in Applications From the Arab World
- Hassan Soukar
- Oct 11, 2021
- 2 min read
Updated: Oct 12, 2021
During the recent International Residency and Citizenship by Investment Expo in Abu Dhabi, Les Khan, the CEO of St Kitts and Nevis' Citizenship by Investment (CBI) Unit, noted the uptick in interest from Middle Eastern investors seeking out second citizenship during the pandemic. The COVID-19 virus has contributed to one of the key driving factors for businesspeople in the region searching for mobility, safety and stability in dual nationality.
Les Khan's observation shows that Middle Eastern interest for CBI in 2021 has already surpassed 2020 and 2019. This could be attributed to investors and businesspeople learning from the challenges of 2020 and acknowledging the value of holding alternative citizenship when a crisis hits. Aside from providing protection, a second citizenship is known to expand business opportunities and increase travel freedom.
The expo bought together exhibitors and experts to showcase the benefits of second citizenship, particularly within the global pandemic.
St Kitts and Nevis has remained a top destination for CBI amongst Middle Eastern clients for several decades. Established in 1984, St Kitts and Nevis' CBI Programme is the longest-standing option in the market. With nearly four decades of experience, the programme has been recognised as a 'Platinum Standard' brand.
Aside from being an established product that has won the trust of experts and clients, one of the most appealing features of St Kitts and Nevis' programme is its family-friendly options. Investors can include a range of dependants as part of the application process. Those from a more prominent family can take advantage of a limited time offer under the programme's Sustainable Growth Fund route.
The temporary discount enables families of up to four to acquire citizenship for $150,000 rather than $195,000, granted that the applicant can pass the rigorous due diligence procedure.
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