It has been two years since the world faces unprecedented health and economic crisis. In 2019, nobody had thought of a life that everybody is living today; lockdowns are regular, health crises continue to overwhelm medical infrastructures and worsen the financial sectors.
The COVID-19 pandemic changed the way people lived, loved, behaved, travelled and even the way they traded. With the closure of borders, many countries closed down their trade deals to protect their citizens from the virus; some countries faced more problems than others due to the general visa-related restrictions imposed on them because of political reasons.
The global mobility and the urge to stay in a safer environment increased during the pandemic; people wanted to live in safe countries under an excellent medical infrastructure. It opened doors to the Citizenship by Investment market, a path to obtain second citizenship in exchange for a financial contribution to CBI country’s economy. The Ultra High Networth Individuals (HNWI) and High Networth Individuals (HNI) continue to be great contributors to economic citizenship.
The choice of the HNWI and HNI is to get themselves the world’s oldest and most trusted CBI Programme.
St Kitts and Nevis– A small country in the Western Hemisphere is a pioneer of Citizenship by Investment Programmes (CBI). It was launched in 1984 as part of the 1984 Citizenship Act, Part II, Section 3 (5). It was the first country to introduce the world to economic citizenship.
St Kitts and Nevis Citizenship by Investment Programme is the industry’s Platinum Standard label. With nearly four decades of experience and long history in the field of economic citizenship, St Kitts and Nevis gained the reputation of being the “world’s fastest” CBI.
Individuals granted second citizenship under the CBI get similar rights to ordinary citizens; it includes visa-free travel to over 165 countries and territories. Citizens under the CBI have also entitled to the right to live, work, and study in the country, as well as the ability to pass on their citizenship to future generations.
CS Global Partners- A UK Based Immigration Marketing Agency continue to take the Citizenship by Investment Programme of St Kitts and Nevis to push it to greater heights. With the company’s marketing efforts, St Kitts and Nevis have been crowned as the most efficient, fastest and secure CBI offering country globally.
CS Global Partners provides investors with the most up-to-date information about the programme and its benefits.
Micha Emmett, CEO of CS Global Partners, says that the coronavirus pandemic is the most challenging thing that ever happened in the 21st Century. She said the pandemic deteriorated the pre-existing conditions for many Africans.
St. Kitts and Nevis’ Prime Minister Timothy Harris believes that Citizenship by Investment, is a “gateway” to strengthening St Kitts and Nevis’ growth, stressing that “Citizenship by Investment is the number one programme in the world year after year.”
Emmett recently stated that second citizenship through the CBI Programme aids those who desire to position themselves globally without the worry of being held back by their own country.
Following heavy demand from global investors, Citizenship by Investment Unit of St Kitts and Nevis increased the limited period offer to 31 December 2021, allowing a family of four to apply for citizenship at only USD 150,000 instead of the $195,000. Earlier, the offer was only valid till 15 January 2021.
The Limited Time Offer was launched in 2020, right in the midst of the pandemic lockdowns that lasted for months. Many people and families who were dissatisfied with border closures and their government’s response to the health crisis resorted to CBI as a reliable backup plan.
There are no requirements for residency or a visit to St Kitts and Nevis in order to be eligible for citizenship by investment, according to information. Obtaining second citizenship through this method is one of the most cost-effective options available to investors. In addition, dependents under the age of thirty and parents and grandparents over the age of 55 can be included in the same application process.
Investing in St Kitts and Nevis provides people with a plethora of opportunities. It is possible to access all of the government’s privileges both inside and outside the country if they hold citizenship in that prosperous Caribbean nation. CBI of St Kitts and Nevis also works as a fantastic backup plan in case of an emergency.
The spread of the most recent COVID strain, Omicron, has demonstrated that the pandemic is still far from being contained. Despite the fact that the origins of the variation are unknown, it was first discovered in South Africa and has since spread to other parts of the world.
However, while the severity of the crisis has decreased globally as a result of increased vaccination rates and other preventative measures, countries such as the United States, the United Kingdom, and a number of European Union countries have imposed travel restrictions on African countries due to concerns about the possibility of a new mutating variant. In response to the bans, African politicians expressed outrage, claiming that they do not help the problem and, instead, wreak havoc on the economies of developing countries, which are already reeling from the effects of the pandemic.
Investors and entrepreneurs can keep on their professional activities in one country while physically present in another, where they choose to settle with their families, thanks to the digital transformation of business, which intensified during the COVID-19 pandemic. CBI applications have also benefited from digitization around the world, allowing candidates to submit their applications remotely and with streamlined procedures.
In recent years, the shifting world order, the ability to work remotely, and the ability to relocate with ease have generated interest in the CBI industry. Governments all around the world have recognized this new need and have acted rapidly to strengthen their immigration regulations. They have specifically expanded or launched new CBI programmes, sparking rivalry among governments to attract rich and skilled persons.
For example, the UAE announced a new scheme in February this year that allows qualified investors to become Emirati citizens. Russia is planning to launch its own programme aimed at ultra-high-net-worth individuals by the middle of 2022.
Other countries, particularly those in the Caribbean, have improved their application procedures. St Kitts and Nevis, home to the world’s oldest CBI by investment programme, offers a fast application process that awards citizenship in as little as three months and provides a passport with extended visa-free travel options around the world.
Anyone can become a millionaire in the twenty-first Century, but retaining that status ultimately requires investment in a second citizenship.