Sunday, November 24, 2024

St Kitts ranks 4th among countries with CIPs

 

St Kitts Citizenship program is ranked 4th among the countries with the citizenship by investment programs, in the recently released Henley Passport Index 2018.

In the same report St Kitts ranks first among all other Caribbean CIPs in the caribbean. St Kitts is the oldest and respected CIPs in the Caribbean with its inception in 1984. St Kitts and Nevis is the birthplace of CIP.

St Kitts PM Harris said … As CIPs proliferate across the globe, we urge the world to remember where it all began – right here in St. Kitts and Nevis in 1984

Austria ranks first, Malta second and Cyprus third among the number of visa free destinations.

Henley passport index

  • Austria – 186 visa free countries
  • Malta – 182 countries
  • Cyprus – 171 countries
  • St Kitts and Nevis – 151
  • Antigua and Barbuda – 149
  • St Lucia – 142
  • Grenada – 141
  • Dominica – 136

Austria and Malta are the only countries that have visa waiver with US and Canada. ESTA registration required prior to travel to US and Canada.

Citizenship by Investment

As the world economy has become increasingly globalized, the need for greater visa-free access has grown steadily. Across the economic spectrum, individuals want to transcend the constraints imposed on them by their country of origin and access business, financial, career, and lifestyle opportunities on a global scale.

Wealthy individuals in particular are more cosmopolitan and transnational today than ever before, with roots, networks, assets, properties, and even citizenship spanning multiple countries. In many ways, global connectivity has become an indispensable feature of wealth creation and wealth preservation, and its value will only grow as regional volatility and instability increase.

The complexities and imbalances within contemporary international relations mean that citizens in many countries encounter onerous visa restrictions and barriers to entry when it comes to traveling abroad. Even individuals with strong passports need to obtain visas for certain countries or may be denied entry altogether because of trade sanctions or cultural or political tensions. In general, the process of applying for a visa is laborious and inconvenient.

Alternative citizenship represents the most direct route to global mobility, connectivity, and access. Individuals who have multiple passports benefit from each country’s best practices and are less vulnerable to its risks and shortcomings.

‘Caribbean countries are catching up to their North American neighbors in terms of annual visa-free growth’, said  Dr. Suzette Haughton, Senior Lecturer in International Relations, University of the West Indies

As of 2018, the following countries have active CIPs with the investment minimum eligible for citizenship.

  • St Kitts & Nevis: $150,000
  • Dominica: $100,000
  • Cyprus: €2 million
  • Malta: €1.1 million
  • Antigua and Barbuda: $100,000
  • Grenada: $150,000
  • Saint Lucia: $100,000
  • Vanuatu: $150,000
  • Moldova: $100,000

 

 

 

Prabhu Balakrishnan
Prabhu Balakrishnan
Founder of Citizenship by Investment News. Chief Editor with over 15 years experience in PR and News publishing. He Loves writing about citizenship, residency and wealth migration. CIP Journal is a Leading publication founded in 2017 bringing latest news from CBI/RBI market.

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