LONDON, Oct. 10, 2021 /PRNewswire/ -- 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 the form of a dual nationality.
Les Khan's observation is in line
with recent research from CS Global Partners that shows Middle
Eastern interest for CBI in 2021 has already surpassed both 2020
and 2019. This could be attributed to investors and businesspeople
learning from the challenges of 2020 and acknowledging the value in
holding an alternative citizenship when 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 context of
the global pandemic.
"We are all global citizens and should be able to have better
access to the rest of the world. Having a second citizenship gives
you that access and acts as an extra layer of security for you and
your family – a Plan B should you need it," said Paul Singh, Director of CS Global Partners.
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 and with nearly four decades
of experience, the programme has been recognised as a 'Platinum
Standard' brand.
Aside from it 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 and those from a
larger 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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