A powerful second passport offers many benefits but potential investors and high-net worth individuals must not fall prey to fake agents, said Justin Hawley, the first Ambassador of St Kitts and Nevis to the UAE.
Launched in 1984, the St Kitts and Nevis’ citizenship by investment programme is the oldest of its kind in the world. Successful applicants are provided with visa-free access to 157 countries around the world, including important business hubs in EU member states, the UK and Asia.
Speaking to Khaleej Times, Hawley, who recently joined the office in Abu Dhabi, said the interested investors must do diligent research to check for valid agents.
“We constantly get phone calls from prospective citizens asking about St Kitts and Nevis and the programme. They ask us about the agents. We stay neutral and don’t recommend any agent. But we advise them to choose an agent, who is officially licensed by the Government of St Kitts and Nevis. It is important,” he said on the sidelines of the International Residency and Citizenship by Investment Expo held in Abu Dhabi.
People can check at ciu.gov.kn for the a of authorised agents and also find blacklisted companies.
“And don’t be afraid to call the embassy,” added the former Consul General of St Kitts and Nevis Consulate in Dubai.
Meanwhile, Les Khan, CEO, Citizenship by Investment Unit of St Kitts and Nevis, said that certain agents have been spreading fake news to bring disrepute to the country and the programmes.
“I am aware that certain agents are trying to get clients to move away from St Kitts and Nevis by telling them that their passports will be taken away after 10 years, which is not a fact. People will not lose their citizenship after 10 years. The government will never do that,” Khan added.
The two-day exhibition is being held at Conrad Etihad Towers in Abu Dhabi.
Demand for second citizenship on the rise in ME
Covid-19 lockdown and travel restriction have led to greater awareness among people in the region for the need of a second passport, which ensures global mobility and safety, said expert consultants.
George Maalouf, CEO of Real-21 Citizenship by Investment, said his offices in Abu Dhabi and Dubai have started receiving new requests for an alternate citizenship.
“The demand for citizenship by investment programmes has begun to pick up. People have realised the importance of having the freedom to travel, doing business, safety and security.”
Real-21 offers citizenship programmes for the Caribbean islands, European countries and Canada.
“Most of our clients are Arabs, Indians, Pakistanis, Russians, Chinese etc. We have also got Afghan nationals looking for a second citizenship.”
Les Khan, CEO, Citizenship by Investment Unit of St Kitts and Nevis, said the interest level from people in the Middle East soared during the pandemic.
“A couple of years back, it was 60 per cent China and 40 per cent Middle East and Russia. But over the last 2 years, it has flipped with 60-70 per cent in the Middle East and 30 per cent in China.”
Separately, Tiago Camara of PT Golden Visa, who presented the benefits of investing in Portugal, noted that Chinese continue to constitute 60 per cent of the clients.
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Bahamas
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Barbados
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Belize
Benin
Bhutan
Bolivia
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Botswana
Brazil
Bulgaria
Burkina Faso
Burundi
Cambodia
Cameroon
Cape Verde
Chile
China
Colombia
Comoros
Costa Rica
Croatia
Cuba
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Dominican Republic
Ecuador
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El Salvador
Equatorial Guinea
Estonia
Ethiopia
Fiji
Finland
France
Gabon
Gambia
Georgia
Germany
Ghana
Greece
Grenada
Guatemala
Guinea
Guinea-Bissau
Guyana
Haiti
Honduras
Hong Kong
Hungary
Iceland
India
Iran
Ireland
Italy
Ivory Coast
Jamaica
Jordan
Kazakhstan
Kenya
Kiribati
Kosovo
Kyrgyzstan
Loas
Latvia
Lebanon
Lesotho
Liechtenstein
Lithuania
Luxembourg
Macao
Madagascar
Albania
Andorra
Angola
Armenia
Australia
Austria
Bahamas
Bahrain
Bangladesh
Barbados
Belarus
Belgium
Belize
Benin
Bhutan
Bolivia
Bosnia and
Herzegovina
Botswana
Brazil
Bulgaria
Burkina Faso
Burundi
Cambodia
Cameroon
Cape Verde
Chile
China
Colombia
Comoros
Costa Rica
Croatia
Cuba
Cyprus
Czech Republic
DR Congo
Denmark
Djibouti
Dominica
Dominican Republic
Ecuador
Egypt
El Salvador
Equatorial Guinea
Estonia
Ethiopia
Fiji
Finland
France
Gabon
Gambia
Georgia
Germany
Ghana
Greece
Grenada
Guatemala
Guinea
Guinea-Bissau
Guyana
Haiti
Honduras
Hong Kong
Hungary
Iceland
India
Iran
Ireland
Italy
Ivory Coast
Jamaica
Jordan
Kazakhstan
Kenya
Kiribati
Kosovo
Kyrgyzstan
Loas
Latvia
Lebanon
Lesotho
Liechtenstein
Lithuania
Luxembourg
Macao
Madagascar
* Visa on arrival countries
Country |
Minimum Investment |
Estimated Time of Passport Issuance |
Visa Free Travel |
---|---|---|---|
$235,000 |
6 - 8 Months |
145 countries
|
|
Austria |
€150,000 |
10 - 12 Months |
190 countries
|
Dominica |
€100,000 |
10 - 12 Months |
143 countries
|
Egypt |
$350,000 |
8 - 12 Months |
53 countries
|
Grenada |
$235,000 |
3 Months |
146 countries
|
Jordan |
$750.000 |
8 - 12 Months |
53 countries
|
Malta |
$235,000 |
3 - 4 Months |
190 countries
|
St. Kitts & Nevis |
$250,000 |
3 - 4 Months |
157 countries
|
St. Lucia |
$350,000 |
1 Months |
146 countries
|
Vanuatu |
$135,000 |
6 - 8 Months |
139 countries
|
Turkiye |
$400,000 |
6 - 8 Months |
110 countries
|
Country |
Minimum Investment |
Estimated Time |
---|---|---|
Austria |
$€100,000 - €400,000 |
3 - 6 Months |
Canada |
CAD 1.2 million |
12 - 24 Months |
Cyprus |
€300,000 |
2 Months |
Greece |
€250,000 |
6 - 8 Months |
Hong Kong |
HKD 10 million |
12 - 24 Months |
Hungary |
€250,000 - €2 million |
12 - 24 Months |
Italy |
€250,000 |
1 - 2 Months |
Latvia |
$250,000 |
2 - 4 Months |
Malaysia |
MYR 1 million |
3 - 6 Months |
Malta |
€300,000 |
3 - 7 Months |
Mauritius |
$375,000 |
2 - 6 Months |
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Albania
Andorra
Angola
Armenia
Australia
Austria
Bahamas
Bahrain
Bangladesh
Barbados
Belarus
Belgium
Belize
Benin
Bhutan
Bolivia
Bosnia and
Herzegovina
Botswana
Brazil
Bulgaria
Burkina Faso
Burundi
Cambodia
Cameroon
Cape Verde
Chile
China
Colombia
Comoros
Costa Rica
Croatia
Cuba
Cyprus
Czech Republic
DR Congo
Denmark
Djibouti
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Dominican Republic
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Loas
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Lithuania
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Macao
Madagascar
Malawi
Malaysia
Maldives
Malta
Mauritania
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Micronesia
Moldova
Monaco
Mongolia
Montenegro
Mozambique
Nepal
Netherlands
Nicaragua
Nigeria
North Macedonia
Norway
Oman
Pakistan
Palau
Palestine
Panama
Papua New Guinea
Peru
Philippines
Poland
Portugal
Qatar
Romania
Russia
Rwanda
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and
the Grenadines
Samoa
San Marino
Sao Tome and
Principe
Serbia
Seychelles
Sierra Leone
Singapore
Slovakia
Slovenia
Solomon Islands
Somalia
South Africa
South Korea
South Sudan
Spain
Sri Lanka
Suriname
Swaziland
Sweden
Switzerland
Tajikistan
Tanzania
Thailand
Timor-Leste
Togo
Trinidad and Tobago
Tunisia
Turkey
Tuvalu
Uganda
Ukraine
United Kingdom
Uzbekistan
Vanuatu
Vatican
Venezuela
Vietnam
Zambia
Zimbabwe
* Visa on arrival countries
Albania
Andorra
Angola
Armenia
Australia
Austria
Bahamas
Bahrain
Bangladesh
Barbados
Belarus
Belgium
Belize
Benin
Bhutan
Bolivia
Bosnia and
Herzegovina
Botswana
Brazil
Bulgaria
Burkina Faso
Burundi
Cambodia
Cameroon
Cape Verde
Chile
China
Colombia
Comoros
Costa Rica
Croatia
Cuba
Cyprus
Czech Republic
DR Congo
Denmark
Djibouti
Dominica
Dominican Republic
Ecuador
Egypt
El Salvador
Equatorial Guinea
Estonia
Ethiopia
Fiji
Finland
France
Gabon
Gambia
Georgia
Germany
Ghana
Greece
Grenada
Guatemala
Guinea
Guinea-Bissau
Guyana
Haiti
Honduras
Hong Kong
Hungary
Iceland
India
Iran
Ireland
Italy
Ivory Coast
Jamaica
Jordan
Kazakhstan
Kenya
Kiribati
Kosovo
Kyrgyzstan
Loas
Latvia
Lebanon
Lesotho
Liechtenstein
Lithuania
Luxembourg
Macao
Madagascar
Albania
Andorra
Angola
Armenia
Australia
Austria
Bahamas
Bahrain
Bangladesh
Barbados
Belarus
Belgium
Belize
Benin
Bhutan
Bolivia
Bosnia and
Herzegovina
Botswana
Brazil
Bulgaria
Burkina Faso
Burundi
Cambodia
Cameroon
Cape Verde
Chile
China
Colombia
Comoros
Costa Rica
Croatia
Cuba
Cyprus
Czech Republic
DR Congo
Denmark
Djibouti
Dominica
Dominican Republic
Ecuador
Egypt
El Salvador
Equatorial Guinea
Estonia
Ethiopia
Fiji
Finland
France
Gabon
Gambia
Georgia
Germany
Ghana
Greece
Grenada
Guatemala
Guinea
Guinea-Bissau
Guyana
Haiti
Honduras
Hong Kong
Hungary
Iceland
India
Iran
Ireland
Italy
Ivory Coast
Jamaica
Jordan
Kazakhstan
Kenya
Kiribati
Kosovo
Kyrgyzstan
Loas
Latvia
Lebanon
Lesotho
Liechtenstein
Lithuania
Luxembourg
Macao
Madagascar
* Visa on arrival countries
Country |
Minimum Investment |
Estimated Time of Passport Issuance |
Visa Free Travel |
---|---|---|---|
$235,000 |
6 - 8 Months |
145 countries
|
|
Austria |
€150,000 |
10 - 12 Months |
190 countries
|
Dominica |
€100,000 |
10 - 12 Months |
143 countries
|
Egypt |
$350,000 |
8 - 12 Months |
53 countries
|
Grenada |
$235,000 |
3 Months |
146 countries
|
Jordan |
$750.000 |
8 - 12 Months |
53 countries
|
Malta |
$235,000 |
3 - 4 Months |
190 countries
|
St. Kitts & Nevis |
$250,000 |
3 - 4 Months |
157 countries
|
St. Lucia |
$350,000 |
1 Months |
146 countries
|
Vanuatu |
$135,000 |
6 - 8 Months |
139 countries
|
Turkiye |
$400,000 |
6 - 8 Months |
110 countries
|
Country |
Minimum Investment |
Estimated Time |
---|---|---|
Austria |
$€100,000 - €400,000 |
3 - 6 Months |
Canada |
CAD 1.2 million |
12 - 24 Months |
Cyprus |
€300,000 |
2 Months |
Greece |
€250,000 |
6 - 8 Months |
Hong Kong |
HKD 10 million |
12 - 24 Months |
Hungary |
€250,000 - €2 million |
12 - 24 Months |
Italy |
€250,000 |
1 - 2 Months |
Latvia |
$250,000 |
2 - 4 Months |
Malaysia |
MYR 1 million |
3 - 6 Months |
Malta |
€300,000 |
3 - 7 Months |
Mauritius |
$375,000 |
2 - 6 Months |
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