St. Kitts and Nevis have temporarily reduced the price for citizenship in an effort to rebuild after the hurricanes came through.
November 3, 2017
By: Bobby Casey, Managing Director GWP
Unless you are living under a rock, you know the past few weeks have been exceptionally difficult for the Caribbean region.
Many islands suffered unbelievable damage. Everything from houses, retail centers, to municipal buildings were destroyed. In some cases, the infrastructure completely collapsed leaving the power grid and water supply totally devastated.
These islands, while often a destination point for the rich and famous, are not themselves very wealthy. When 160 mph winds come tearing through, they simply cannot withstand that kind of force.
The tiny island of Barbuda has a population around 1,600. Around 60% of them were left homeless after Irma struck. An estimated $2.5 billion is the expected cost to repair and rebuild this island.
Saint Barthelemy, known to many as St. Barts, had a total power outage throughout the island and its famous and regal Eden Rock Hotel is in ruins.
Parts of the Virgin Islands sustained winds up to 150 mph for over four hours, leaving the police and fire stations in several feet of water, while their main hospital was heavily damaged.
Puerto Rico, was left without electricity or clean water. Half of their hospitals weren’t even operational. They are still waiting for federal aid to make it through the country, as many still wait for assistance.
Dominica, whose economy relies on both tourism and agriculture, watched both industries devastated by Maria. 95% of the tourist industry is just gone while their agriculture remains questionably viable at best.
These islands will require millions of dollars and several years to recoup what was lost.
Relative to all the damage done to the neighboring islands, St. Kitts and Nevis are faring better. Their airport did shut down for a bit and there was certainly some water damage; but by no means was the damage comparable to that of Dominica.
Despite its relatively low damage, in the wake of this series of hurricanes and tropical storms, St. Kitts and Nevis decided to make a limited time offer on their CBI (Citizenship By Investment) program:
What was once a $250,000 program, is now $150,000 for up to a family of four!
You read that correctly: that’s $100,000 OFF their usual price.
This act of opportunism has upset quite a few critics in the Caribbean region, as it is alleged to be undercutting the price of the other neighboring island countries who have endured far more damage. Nothing is stopping them, of course, from dropping their prices as well; and to be fair, the $150,000 is in line with the standard pricing of Dominica and Antigua.
What might be construed as bad form for St. Kitts and Nevis, is an unquestionable boon for many of you, however.
They cut the price tag, not the paperwork or bureaucracy; however, our preferred partner is prepared to help you navigate the process of receiving the following benefits of citizenship in St. Kitts and Nevis:
- Visa Free Travel to 125+ countries
- Lifetime Citizenship
- Dual Citizenship permitted
- No residency or personal visit to St. Kitts & Nevis required
- Zero tax on personal income
- No worldwide income tax
- Family members may obtain second passport & citizenship
- Diverse choice of real estate options
- No minimum level of English required
- Potential to pass on one’s citizenship to future generations by descent
This is a dream package for ANYONE looking to internationalize. A second passport AND citizenship with amazing tax benefits and no visitation requirements! Click here to join GWP Insiders today to take advantage of this phenomenal deal!
Since 1984 – a year after establishing their independence – St. Kitts and Nevis have offered a CBI program in an effort to diversify their economy and supplement their revenues once they stopped producing sugar. This was commonly referred to as their “Sugar Fund” or Sugar Industry Diversification Fund (SIDF).
The funds from this particular “sale” will be dedicated to rebuilding and restoring their public infrastructure, with 100% of the funds going to the Hurricane Relief Fund (HRF).
So you and your family can enjoy second citizenship and visa-free travel while St. Kitts and Nevis get the funding they need to rebuild. This is a win-win for all involved!
The window of opportunity won’t remain open forever. In fact, this probably will only be available for a few more months. Click here to join GWP Insiders — or click here if you are already an esteemed member — and let’s get you started on internationalizing you and your family today!