In contrast, African professionals have been hampered in unlocking international opportunities and business ventures due to discriminatory passport and immigration policies, despite having highly competitive business ambitions. African passports consistently score low in global indices, for example in Henley & Partners’ Passport Index 2021, South Sudan ranks 103rd globally with access to 44 visa-free destinations, Ethiopia 102nd with 45 visa-free destinations, Rwanda 87th with 61 visa-free destinations and Kenya 77th with 72 visa-free destinations, compared to St. Kitts and Nevis’ 24th place with visa-free access to 157 destinations.
The increased business potential of global mobility, especially during a pandemic, is a strong reason why the popularity of the CBI programme has increased in the past year.
Investing in travel is always a good idea but the gradual lifting of travel restrictions coupled with countries thirsty for business and economic stimulation has created an unprecedented opportunity. Accelerated by COVID-19, the digitally nomad lifestyle is more accepted than ever before opening the door to a truly international lifestyle.
African passports consistently score low in global indices in Henley & Partners’ Passport Index.
This is one of the reasons why our CBI programme in St. Kitts and Nevis has extended its limited time offer through the Sustainable Growth Fund route until 31 December 2021, decreasing the price of citizenship for high-net-worth businessmen and their families from USD195,000 to USD150,000 for a family of up to four.
Wide reaching by nature, the benefits of St. Kitts and Nevis’ citizenship does not stop at travel. Alongside worldwide mobility benefits its passport also represents a unique opportunity to invest in a global lifestyle, a tenet of which for many is foreign education. Whether you’re hoping to enroll in an MBA programme abroad to enhance your career or give your children a new perspective, a St. Kitts and Nevis passport can open a world of educational opportunity.
In addition, St. Kitts and Nevis has a fast-growing economy, according to the United Nations Commission for Latin America and the Caribbean, St. Kitts and Nevis had the strongest projected growth rate in the Eastern Caribbean of 3.5% before the COVID-19 pandemic. Applicants are given the opportunity to invest in prime luxury real estate on the island giving them the opportunity to acquire a global asset to diversify their investment portfolio.
Offering a myriad of attractive investment opportunities, obtaining citizenship does not impose any income or wealth tax or come with any residency requirements. With the best interests of investors in mind, St. Kitts and Nevis is also committed to due diligence and security of the highest standards when it comes to its platinum CBI programme.
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.
Africa’s business scene is one of the fastest paced and most exciting in the world. As founders continue to raise impressive amounts of funding and seek to grow their companies not only will they seek unique investment opportunities, but a greater international presence will also be key. We believe a St. Kitts and Nevis citizenship can provide many of the assets a modern entrepreneur is looking for consolidated into one very attractive package. There isn’t a better time to invest.