As the world strives to fight and recover from the pandemic, some countries benefit from citizenship by investment. One of these is the famous Caribbean country St. Kitts and Nevis. Let’s find out how St. Kitts and Nevis citizenship by investment helps the nation thrive amid the COVId-19 crisis.
How St. Kitts and Nevis Citizenship by Investment Helps the Country Amid Pandemic
As major economies around the world suffered due to the pandemic, this small Caribbean country relies on foreign investments to cope up. Most countries have lost a great income from the tourism industry, and St. Kitts isn’t an exemption Since the country relies heavily on tourism revenue, the government had to think of new ways to drive money while closing its borders.
Fortunately, the country boost St. Kitts and Nevis citizenship by investment program to recover its economy. According to experts, around 30% of the GDP gap in the government's budget came from the CIP programs. This means the investments the wealthy foreigners poured contributed greatly to the country’s economy. Now that tourism has halted, it’s time for CBI programs to shine.
The Golden Opportunity
Even before the pandemic struck, St. Kitts and Nevis citizenship by investment program has been doing well. Thousands of foreign investors all over the world bring over thousands of dollars just to get a second passport. The CBI program acted as a backup for the country’s tourism industry. After visiting St. Kitts and Nevis and feast in its beauty and grandeur, investors find themselves loving the country.
This prompted them to invest in a second passport to reap its stunning benefits. Even if the pandemic halted the tourism industry, the experts reveal it paved the way for the CBI program to skyrocket. Foreign investors are now applying for second passports to have access to high-quality healthcare and social services. They're now seeing which countries are handling the COVID-19 crisis as well as geopolitical unrest.
The Tempting Offer
It's also enticing for the investors to get a second passport because St. Kitts and Nevis offer attractive rewards to the applicants. It's easier to apply now since the government allows the online application.
Aside from that, St. Kitts and Nevis citizenship by investment dropped its prices. The government offered a family of four passports for only $150,000. It gives the applicants $45,000 discounts from $195,000. Other options also include real estate purchases, but it must also be held for a set amount of years.
Want to take this opportunity to apply for St. Kitts and Nevis citizenship by investment program? Contact Citizenship and Residency Programs to assist you in your application now! We’ll walk you through the whole process to make sure your application will be smooth and breeze.