Known as the Platinum Standard, it is renowned for being one of the most efficient, transparent and trusted options for second citizenship. Currently, investors can take advantage of a limited time offer for families of up to four to acquire citizenship for the same price as an individual applicant.
Many South Africans want to secure their family’s future, open doors to business opportunities and gain global mobility. They are doing this by investing in a second citizenship, which is recognised as providing an insurance policy against unpredictability.
Why Wealthy South Africans Invest in Second Citizenship
South African’s are proud of their country and have worked hard on the democratic dream of 1994. Nearly 30 years later, confidence in the stability of the country wanes as seen in the recent local general elections, which saw just 46 percent of registered voters casting their ballot. The historically low voter turnout across the country highlights citizen’s apathy toward political parties, their empty promises, and rampant corruption.
These issues underline the unique need for security for oneself, family and business. South Africans want more options and are looking to become more globally mobile. Astute South Africans have been researching their options on how to become more competitive on a global scale, how to ensure the safety and security for their families, and how to have an ‘escape plan’ should the need arise.
Traditional paths to second citizenship, like naturalisation and ancestry exist, but may not be a viable route for many. If you do not have access to these routes, then a quick and easy path is to invest in a Citizenship by Investment programme, which gives you and your family a Plan B. Given the current climate this tool is becoming more vital by the day.
Why St Kitts and Nevis?
The peaceful and prosperous island of St Kitts and Nevis in the Eastern Caribbean is a rewarding nation to invest in and an ideal place to live.
“Our Platinum Standard guarantees increased mobility, sustainable investment opportunities and greater economic freedom for successful applicants,” says Prime Minister Timothy Harris.
The nation’s sunny and sandy beaches, stable government, good national infrastructure, and quality health care has turned it into one of the fastest-growing economies in the Caribbean.
Located close to the US, with access to thriving business centres and an emerging crypto-hub, St Kitts and Nevis citizenship offers entrepreneurs a way into international markets and the opportunity to grow their businesses on a global scale. Furthermore, its currency is pegged to the US dollar, making it a financially lucrative destination for savvy investors.
“Those who invest will be investing in a jurisdiction where their investment is safe. Where they can earn profits and they can repatriate their profits to their country or to any other country. They will be investing in a country that is close to the United States of America and has strong relationships, financial, diplomatic, and other forms of relationships with all the major financial centres in the world,” says Harris.
St Kitts and Nevis Citizenship by Investment
Established in 1984, the St Kitts and Nevis’ Citizenship by Investment Programme is the oldest and most-established programme in the world. It grants second citizenship to successful applicants who can make the required investment and pass the strict multi-layered due diligence process.
“We have the longest experience in citizenship by investment programmes around the world. As the world’s oldest CBI programme, we are committed to upholding our established world-class standard of economic citizenship. For us, this means international standards and having a robust due diligence system in place,” said Les Khan, CEO of the St Kitts and Nevis CBI Unit.
The programme was recently awarded the best citizenship by investment programme for 2021 by the CBI Index, published by the Financial Times’ Professional Wealth Management (PWM) magazine.
The programme is committed to delivering value and opportunities to both investors and citizens, using CBI funds to contribute to the social and economic success of the nation.
Limited Time Offer with the St Kitts and Nevis Sustainable Growth Fund
The Sustainable Growth Fund (SGF) is the fastest route to St Kitts and Nevis citizenship and is the only option that offers a limited time offer. Under the discount, families of up to four can gain citizenship for $150,000 (circa ZAR2,2 million) rather than the previous $195,000 (circa ZAR3million). This opportunity is only valid until the end of 2021.
Benefits of St Kitts and Nevis Citizenship
Those who pass the vetting process and make a qualifying investment can enjoy a wide variety of benefits, which include full citizenship for life, the right to live and work in the nation, and the ability to pass citizenship on to future generations. Furthermore, new citizens can enjoy visa-free or visa-on-arrival travel to 165 destinations. St Kitts and Nevis is a safe and peaceful nation with one of the world’s best primary health care systems.
Applicants do not have to travel to the islands to apply, nor is residency a requirement – making this an attractive option for those who want a Plan B without actually moving.
“Second citizenship offers peace of mind and increased freedom in numerous aspects of life, from travel to business and personal finances. Investors who choose St Kitts and Nevis can be assured that they are selecting a programme that has stood the test of time and is regarded as one of the best routes on the market,” says Khan. DM