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Category Archives: St Kitts & Nevis

Dcash digital currency St Kitts and Nevis citizenship

The Eastern Caribbean Central Bank (ECCB) has launched a digital currency, known as DCash. This has been implemented by St Kitts and Nevis in its drive to deliver a digital transformation.

St Kitts and Nevis is one of the first Eastern Caribbean nations to embed the pilot currency which is considered legal tender 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, create growth and business opportunities.

Currently, the Eastern Caribbean dollar is the currency of all seven full members and one associate member of the Organisation of Eastern Caribbean States (OECS). It has been pegged to the United States dollar since 1976.

The ECCB partnered with Bitt Inc to develop the digital version of the EC dollar.


Bitt delivers digital currency


“Bitt is very proud to provide the ECCB with our full stack of digital currency management systems to enhance the financial services within their member countries,” said Bitt CEO Brian Popelka.

Akilah Byron-Nisbett, the Minister of St Kitts and Nevis' Information and Communication Technology, said digital transformation would boost the economy and make the country a world leader in digital delivery. To reflect that commitment to digital, Prime Minister Dr Hon. Timothy Harris announced the implementation of an online process to submit applications to its Citizenship by Investment Unit.

Established in 1984, the St Kitts and Nevis CBI Programme has undergone significant transformations in recent years – including updated due diligence checks. The government is also aiming to attract more families.

 

Saint Kitts nevis caribbean islands

Following unprecedented demand, Saint Kitts & Nevis' citizenship by programme has extended its popular limited time offer allowing families of four citizenship for a reduced fee of US$150,000. 

Saint Kitts nevis caribbean islands

The Federation of St Kitts and Nevis, a dual-island Caribbean nation that pioneered Citizenship by Investment with its programme unveiled nearly 40 years ago, has been encompassed in the Caribbean Journal's ranking of the region's best islands to visit in 2021. Good news for investors wishing to acquire citizenship of the country via investment in a government-approved tourist property.

According to the Caribbean Journal, Saint Kitts & Nevis was included due to its "uncrowded, calm and beautiful" nature – elements enticing for seasoned travellers. St Kitts and Nevis also boasts the lowest coronavirus rate in the Caribbean, reporting only 34 total cases and zero deaths. This makes it the perfect off-the-grid destination for American holidaymakers.

Before the pandemic, St Kitts and Nevis enjoyed a thriving tourism sector with a popular cruise season. The nation soon welcomed one million cruise passengers for two years consecutively, and it was recognised as a marquee destination by the Florida-Caribbean Cruise Association. In recent years, St Kitts and Nevis have quickly become a popular destination for travellers and those seeking second citizenship.

With the coronavirus pandemic still imposing global lockdowns and triggering uncertainty amongst investors, many Americans are looking to acquire alternative citizenship as a 'Plan B' to protect their families from future unpredictability.

"COVID-19 has unveiled the weaknesses of Governments and their ability to deal with a crisis. Having a Plan B for one's family is worth a lot than the actual cost of investing in a safe, happy country," says Micha Emmett, CEO of CS Global Partners, London-headquartered legal advisory and marketing firm.

Under its Citizenship by Investment programme, St Kitts and Nevis welcomes high net-worth individuals and their families to become citizens after investing in its economy. Established in 1984, it is the longest-running CBI Programme in operation and is acknowledged within the industry as a 'Platinum Standard' brand.

Once successfully passing the multi-tiered vetting checks, applicants can invest in the Sustainable Growth Fund – the fastest and most straightforward route to a second citizenship. After gaining citizenship, investors gain access to a wide range of benefits including visa-free travel to 156 destinations across the world, the right to live and work in the country, and the ability to pass citizenship down for generations to come. A single applicant must only make an investment of US$150,000 to unlock a range of life-transforming benefits which also include a second home in a safe paradise.

Find out more about Saint Kitts' citizenship by investment programme by clicking here

saint kitts & nevis reopen

Continuing to build on its nearly 40-year citizenship by investment programme success with the sustained addition of more countries to its already powerful passport, Saint Kitts offers those who acquire citizenship of this small Caribbean nation visa-free access to the most destinations of any Caribbean country, with the latest signed-up countries including North Macedonia, Jordan and Eswatini.

brits brexit passport citizenship by investment

Thanks to the ongoing pandemic and the upcoming Brexit situation, which from 1st January 2021 will limit British citizens' travel to the European Union, there has been a surge in British citizens enquiring about citizenship by investment in order to guarantee open and easier travel mobility within the EU.

citizenship surge residency pandemic

From closed borders and travel restrictions to lockdowns and quarantines, the effects of the pandemic throughout 2020 has led to a surge in enquiries for second passports and residency by investment proving that what once was a luxury for HNWIs has now become a necessity.

chinese rif trust offices

Dubai-based RIF Trust, part of global residency and citizenship by investment advisory firm, the Latitude Group, has expanded its operations to China, with two new offices in Shanghai and Hong Kong, providing Chinese HNWIs with on-the-ground support from December 2020.

caribbean citizenship

When it comes to the Citizenship by Investment options on the global table, the Caribbean countries continue to lead the way offering affordable, fast, efficient and stable routes to second passport ownership. Couple this with global mobility, mainly Covid-free spaces, and an excellent quality of life, and it’s clear to see how these West Indies’ islands are giving other CBI countries a run for their money.