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Families Have Six Months to Take Advantage of Limited Time Offer Under St Kitts and Nevis Citizenship by Investment

Find out how Asia Outbound can introduce you to new intermediaries for your project or services.         With civil unrest marring parts of Asia, particularly in regions like Hong Kong, younger families are seeking routes to second citizenship to protect themselves better. Both political instability and economic uncertainty have been exacerbated by the COVID-19 pandemic, triggering an exodus of those leaving their home countries searching for safety and security.   While Canada and the United Kingdom are common destinations for permanent immigration, St Kitts and Nevis recognises investors as global citizens and offers a different solution. More families are...

St Kitts and Nevis Keeps its Digital Transformation Promise by Launching Digital Currency

The Eastern Caribbean Central Bank (ECCB) has officially launched its digital currency, also known as DCash, this week. The Federation of St Kitts and Nevis is one of the first Eastern Caribbean nations to embed the pilot currency, a sentiment in line with its digital transformation promised in 2020. DCash, considered legal tender, is a real-time payment option available within the Eastern Caribbean Currency Union (ECCU) and offers a safer, faster, and cheaper method for making payments.   According to the Governor of the ECCB, Timothy Antoine, the initiative's goal is to increase opportunities for inclusion and create financial growth...

St Kitts and Nevis' Citizenship by Investment Program Records Increased Interest from African Investors

By CS Global Partners   According to Les Khan, CEO of St Kitts and Nevis' Citizenship by Investment (CBI) Unit, the dual-island nation's CBI Programme has expressed an increase in interest from African businesspeople, particularly from Nigeria and South Africa. One of the main motivators in acquiring a second citizenship stem from the visa restrictions many Africans face when attempting to conduct business abroad. St Kitts and Nevis boast one of the strongest passports within the region and 25th globally, surpassing many larger and more developed nations.   Established in 1984, St Kitts and Nevis' CBI Programme is the oldest within the investment immigration industry and is internationally recognised as a Platinum Standard...

Saint Kitts CIP Becomes Fourth in the Caribbean to Allow for Sibling Dependents

By Christian Nesheim   Saint Kitts & Nevis Citizenship by Investment Unit informs stakeholders that, effective immediately, main applicants will be permitted to include siblings in their citizenship by investment applications, as long as they meet the following criteria:   §  They must be the sibling of the main applicant (i.e., not of the spouse or any other family member included in the application); §  They must be 30 years of age or younger; §  They must be childless §  They must be financially dependent on the main applicant.     The policy, which emphasizes the circular, will not have retroactive...

The Citizenship-Revocation Policies of 9 CBI-Jurisdictions: What it Takes to get “Kicked Out”

What is the difference between a disposable tourist and a real citizen? The simple answer is constitutional protection. Indeed, without clearly written and time tested constitutional protections, your citizenship is only a temporary travel pass exposed to the caprices of local politicians, foreign governments, assertive media, or anyone else who can throw their weight around and who wants to take a crack at you.   Before committing to a glossy CBI program advertisement, investors have to do competent due diligence on their preferred CBI program, which includes reading the applicable revocation clause in the country’s constitution and/or pertinent regulation. Independent...

Where Will Investment Migration Be When the Virus-Dust Settles?

As with most of the world, I am working from my home office and trying to make sense of the global pandemic that has overtaken the world-changing the way we live and making us re-examine our priorities. It has only been a short while since governments introduced drastic measures to counter the effects of the coronavirus and only time will tell if these actions have been successful.The impact of the coronavirus had led to governments shutting down borders, imposing quarantines, and limiting mobility. The knock-on effect, such as airlines reducing their number of flights, supermarkets running out of key supplies,...

Profile - Nevis

Country:  Nevis Region:   Caribbean Currency:  East Caribbean dollar (XCD) (EC$) Languages: English Time Zone:  UTC -4 Phone Code:  +1869 Communications:  Very Good Nevis is a part of the politically independent St Kitts and Nevis Federation. Nevis has been a well-regarded International Finance Centre since 1984. Nevis enjoys a certain level of autonomy from the Federation and has introduced legislation which supports its offering of a broad range of wealth management and succession planning tools. There are many advantages of doing business in Nevis. Advantages of Nevis Independent jurisdiction Exemption from income, withholding, gift, estate and succession taxes Stable political environment...