Investors from the Middle East Show Growing Demand For St. Kitts and Nevis’ CBI Program

The citizenship by investment program in St. Kitts & Nevis was established in 1984 and today is the longest standing option in this market, according to international sources, this program is recognized to reach the greatest standards in the field.

Among the benefits of citizenship in the Caribbean Island, we can find visa-free access to more than 150 countries, no personal income, gift and inheritance tax life, several family-friendly options, and of course, the benefits of living in a paradisiac territory with the most beautiful beaches in the world. 

Consequently, in recent years there is a significant interest from investors in the middle east looking for second citizenship by investment. We can consider the participation of Les Khan, the CEO of St. Kitts & Nevis citizenship by investment program in the Residency and Citizenship by Investment Expo that was held in Abu Dhabi as proof of this.

According to the specialist, there is an existing growing interest in the Middle East for CBI, and this can be attributed to the economic challenges that our world faced in the last year. The investors and businesspeople understood the need of holding alternative citizenship in case the situation demanded it.

In addition, experts in the area have established that a second citizenship increases travel freedom and significantly supports the mission of expanding a business.

When the investors of one of the fastest-growing regions in the world consider that St. Kitts & Nevis represents the greatest option when talking about investment by citizenship, it is something that needs to be highlighted. This program has earned the trust of investors, experts, and clients. Furthermore, as it was previously mentioned, the program includes several benefits that put it above all others. With the family-friendly options, investors can include dependents within the application process, a procedure that certainly will ease the process for larger families.

The pandemic made the world understand that certain situations are hard to control or even prevent. However, this modern and globalized world offers several options to help business people and investors to overcome any challenge, being the citizenship by investment in this beautiful and paradisiac island one of the most attractive if you want to know more about this process and about St. Kitts & Nevis citizenship you can contact us here at Mundo.

St. Kitts and Nevis Shows Positive Signs for Cruise Tourism

The pandemic caused disaster in almost every area of the world economy, with being tourism one of the most affected of them all. However, these days we can witness some sights of recovery, and St. Kitts & Nevis is not an exception.

For instance, the authorities of the Island recently established they will bolster cruise tourism in a positive direction finding a perfect balance between a magical experience when visiting the island while mitigating the risk of the pandemic to the citizens.

Linsay Grant, Tourism Minister of St. Kitts & Nevis expresses her optimism during a conference held in the Royal St. Kitts Hotel. According to the minister, more than 70.000 passengers are expected to visit the Island in November through the cruises, and the schedule seems even better for December. It is important to highlight that all the visitors and members of the crew will be fully vaccinated against Covid-19.

An instance of how important these numbers are for St. Kitts & Nevis is when you can gather the following information. According to the Minister, the island will receive cruise calls on 18 different days and for the first time since 2020, the country will receive three ships on the same day, and this will be on two occasions this month.

With that being said, it is also important to mention that due to the covid-19 protocols the cruise lines have set up their fleet capacity to 40 to 60%. For this reason, the minister of tourism, in a bid to expand economic benefits will cooperate with the competent authorities for the discussion to expand opportunities for the visitors. The cruise tourism represents an important area for St. Kitts & Nevis economy, for this reason, the optimism makes presence these days in the country.

Even though San Kitts & Nevis is one of the smallest countries in the world, it still represents an authentic Caribbean experience for the visitors, with the white sand beaches, dynamic culture, the tropical weather, and all the things this island has to offer to make it the perfect destination for your next family vacation or business.

St. Kitts & Nevis Is the Best Place to Visit and Live in the Caribbeans

In the past weeks, St. Kitts & Nevis were celebrating their 38th independence anniversary with the greatest optimism. As an example, the Prime Minister of the country, Dr. Timothy Harris made a statement about how the country has developed in different areas over the past years, he declared "We made tremendous leaps in public health, education, infrastructure, economic transition, trade, and international relations, human rights, sports, and culture”. It is fair to believe that this development level greatly exceeds the expectation for a small island in the Caribbean. Here at Mundo, we will explain how this was accomplished.

The tremendous progress the Prime Minister of the Island mentioned may be attributed to the Citizenship by investment program of St. Kitts and Nevis. Recognized as one of the greatest islands of the region, this paradise offers an incredible number of benefits for business people and investors; in addition, the Prime Minister also highlighted how the country leads the region in literacy rate, per capita income, the rule of law, debt to GDP ratios, ICT indicators, transparency, and good governance.

Like any other country, St. Kitts & Nevis also suffered the effects of the pandemic, first and foremost in the tourism industry. However, according to the International Monetary Fund (IMF), the island entered the Covid-19 pandemic in a position of Fiscal strength and thanks to the prompt response from the authorities, was able to contain the economics and social effects of the pandemic.

For instance, the government expects to end the year with a 5% of economic growth and with the rebound of tourism a 10% in 2022.

In addition, the island established itself and has the lowest per capita cases of Covid-19 in the region and hasn’t reported a single death. 

The evidence of the island tourism industry coming back to its very best form and the confidence in the Island's government, can be found with the reactivation of cruise calls in the island respecting all the Covid-19 protocols, but without leaving out all the benefits of a unique Caribbean experience. With that being said, it is important to highlight that St. Kitts & Nevis counts with the capacity of hosting three world-class cruise vessels and this is a project that was possible through the Citizenship by investment program.

Additionally, with the United Kingdom and soon Canada, reestablishing the flights directly to the Island the flow of tourists visiting the island will be even bigger. However, this is not a problem since the prime minister recently announced that they accomplished 70% of the vaccinated population, so the services industry can work accordingly with the demand. 

Besides, the fast reactivation that the tourism industry is going through is not a coincidence when the Island was recently acknowledged by the luxury and lifestyle travel magazine, Conde Nast Travelers 2021 Readers’ Choice Awards as the top island destination to visit in the Caribbean. 

To summarize, St.Kitts & Nevis is the perfect destination not only for business people and investors looking for the benefits of the Citizenship by Investment Program, the island is also the perfect destination for your next vacation; with the picturesque landscapes, rich culture, and of course the world-class services, right now you should be packing your luggage to this paradisiac island in the Caribbean. 

To conclude, if you want to know more about St. Kitts & Nevis and all the benefits this Island has to offer you can contact us here at Mundo.

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