The world is an unpredictable place where everything can change in a split second. The COVID-19 pandemic devastated economies worldwide in 2020 and resulted in numerous fatalities. People were locked in their own houses as travelling was suspended to prevent further spread. The world has suffered harsh times during this global instability. Many people are looking for ways to escape the difficulties and limitations placed by their countries and do not want to go through the same situation again.
Almost everyone has desired to leave their stressful lives behind and move to a lovely island where they could live peacefully and tranquilly. The globe is banding together to recover from the destruction brought on by the Covid-19 epidemic, making it easier than ever to make this goal a reality.
During the pandemic, developing and developed nations faced political instability or societal dysfunction. Increasing sanctions like the closure of borders enhanced security measures, travel restrictions, and flight cancellations made people believe that their freedom was in danger. In these circumstances, considering moving to another nation to find peace and stability is not a ridiculous idea nor a self-serving action.
One of the best-suited groups for investing in CBI initiatives offered by several countries across the world is families and business owners who have the means and the desire to relocate to another country in search of better possibilities and live independently.
When it comes to stable life and security, St. Kitts and Nevis, situated in the Eastern Caribbean region, is recognized as one of the best sought-after destinations. Additionally, the island nation is home to the first and one of the world’s most reputable Citizenship by Investment Programs. It offers a clean and welcoming environment with stability, safety, and calm for individuals who choose to make it their home.
Since its establishment in 1984, St. Kitts and Nevis’ CBI Program has been considered as the Caribbean’s pride. For those seeking a typical Caribbean experience, the beautiful islands’ magnificent natural beauty, rich history, and friendly natives make it the perfect destination.
The island nation in the western hemisphere has become a favourite destination for wealthy people from countries in East Africa, and it is especially attractive to High Net Worth Individuals (HNWIs) globally.
East Africa includes a diversified set of nations, with these countries not only home to many HNWIs, but also a wide range of issues that might cause internal conflict or instability. At least three East African nations, including Kenya, are among the seven most populous nations on the continent, thus making the area into one of the fastest-growing populations in the world.
However, at the same time, the East-African region is plagued with a number of concerns, which make the area less desirable. Over the last few years, East Africa has experienced insecurity, a lack of stability and good governance. The nations in the East Africa have, for a long time, struggled to cope with and resolve some major security concerns such as security breaches, widespread terrorism, and disputes. With these challenges individuals question whether their home country is the ideal environment to raise a family, start a business or invest ones wealth.
High Net Worth Individuals residing in such a political area often find it easier and more comfortable to switch to a more peaceful and stable nation. The friendly and peaceful shores of St Kitts and Nevis are an ideal destination for individuals seeking a respite from the chaos of the world.
St Kitts and Nevis is jointly managed via the efforts of the Governor-General, who is the crown’s official representative in the country, along with the Prime Minister of St Kitts and Nevis, and the Premier, who is responsible for overseeing the management and administration of Nevis Island.
The distribution of power between the three entities who are answerable to the people of the federation, ensures that there is a fair distribution of power amongst the representative entities. As a result, St Kitts and Nevis is able to provide a politically stable home to those who seek to invest in the CBI Programme of the country to attain alternative citizenship.
The country has a deep-rooted history which has been passed down through generations of people who lived on the islands and has for generations attracted historians and enthusiasts of history to its shores.
The CBI Programme of St Kitts and Nevis provides an opportunity to obtain alternative citizenship for the investor and their family. An investor’s spouse, children, parents and siblings are eligible for citizenship along with the investor. Another benefit is that once a person has citizenship of St Kitts and Nevis, children can inherit citizenship from their parents.
Many countries all over the world have been dubbed insensitive and non-inclusive of a certain group of people; accordingly, people find it hard at times to ensure their safety and the safety of their families. St Kitts and Nevis is a country of inclusivity and provides citizens with a place they can live their life the way they want without the fear of discrimination. St Kitts and Nevis is known for its welcoming and warm nature to all those who grace its shores, whether for tourism or citizenship.
As one of the oldest CBI programmes on offer in the Caribbean, St Kitts and Nevis has been recognised several times as the best running CBI Programme in the world. In 2022 the Professional Wealth Management Magazine, a publication of the Financial Times, ranked it jointly as the number one programme in the 2022 CBI Index Report. Amongst others it was recognised for its “Ease of Processing” and “Due Diligence” Pillars.
In a time when the world is less certain than ever before and where a growing number of people are considering their options, relocating to St Kitts and Nevis to enjoy the peace, stability and opportunities afforded by the country seems to be the perfect option for a number of high net worth individuals, for economic, financial, political and social reasons.
Alternative citizenship of St Kitts and Nevis emerges as a platform to alleviate the risk of uncertainty and works as an insurance policy. There is no better plan than having the option to set up a new home and escape to a better lifestyle.
Like every other person on the planet, people from East Africa require alternative citizenship to protect their families and in a secure and stable environment. It offers peace of mind in an uncertain world – it’s the perfect backup plan (Plan B).