Around 56% of UAE residents seeking second citizenship apply with their families, while 41% are single applicants. However, the latest data shows that more than 40 per cent of expats in the UAE have so far sold their own properties in their home countries with a view to obtain a second citizenship. According to Savory & Partners, about 23.7 per cent of applicants sold some of their properties to apply for second citizenship. Around 16.9 per cent of clients tended to sell their only house last year to secure another citizenship.
Entrepreneurs and businesspeople need frequent travel without border limits. Furthermore, the type of passport they possess has a strong bearing on where in the world they can go, and with whom they can do business. This limits opportunities for investments, business partnerships and tax efficiency. The second passport, however, can help get over this problem.
St. Kitts and Nevis’ Citizenship by Investment Programme Secures Its Position as the Platinum Brand of the Industry
St. Kitts and Nevis has so far succeeded in positioning itself as a leader among its counterparts in terms of growth rates. It is the only country in the Organization of Eastern Caribbean States (OECS) with a near 5 per cent projected growth in 2018, mainly driven in part by a robust construction sector and booming tourism industry.
The Prime Minister of Saint Kitts & Nevis, Dr the Honourable Timothy Harris, announced in the first week of April 2018, the new prices of Saint Kitts & Nevis citizenship-by-investment programme for both contribution and real estate options.