If you have been dreaming of getting away from the uncertainty caused by the coronavirus pandemic, you can — provided you have some cash in hand.
For the starting sum of $150,000, you can buy your citizenship of the pristine Caribbean islands of Saint Kitts and Nevis.
With their pure white sands, swaying palm trees and sparkling blue waters, the islands offer the affluent both a welcome retreat and a secondary citizenship.
The Citizenship by Investment (CBI) program grants citizenship to individuals of high net worth and their families, who get in addition visa-free access to 156 countries, including EU member states and the UK.
Seemingly for this reason, the St. Kitts and Nevis CBI program has witnessed a notable increase in applications from the Arab world during the pandemic.
St. Kitts has been relatively unscathed by COVID-19. The island was placed on lockdown on March 31 after its number of cases rose to eight.
The lockdown was lifted on April 27, but the government has imposed the mandatory use of masks while outdoors.
To date, there have been 15 COVID-19 cases and no deaths.
Due to the current global restrictions in place to curb the spread of COVID-19, applications are being received electronically.
Launched in 1984, the St. Kitts and Nevis CBI program’s initial purpose was to assist the islands’ economy, which had suffered due to the collapse of its sugar industry.
There are currently around eight countries that offer citizenship by investment, but the St. Kitts and Nevis program is by far the oldest. In the Caribbean, there are currently around five other programs of this nature.