Dubai: Caribbean country makes it easier for UAE investors to get second passport

Dubai: Caribbean country makes it easier for UAE investors to get second passport

Changes were made such that it continues to meet needs of investment-minded person looking for base for their families, businesses

Published: Tue 7 Mar 2023, 6:00 AM

New regulations by the government of Caribbean country St. Kitts and Nevis has made it easier for investors to get a second passport of the country. This was revealed at an event held in Dubai on Monday.

“We are updating the regulations to reflect the changing times,” said Michael Martin, Head of the Citizenship by Investment Unit. “We have decided to enhance our program to continue to attract the premium investors it was meant to attract.”

The country announced considerable changes to its Citizenship by Investment Programme in December 2022, and made further enhancements this February. These changes were made after much consultation with all major stakeholders to ensure that the Programme continues to meet the needs of an intelligent investment-minded person looking for an enriching base for their families and businesses.

St Kitts and Nevis CBI programme has led the investor immigration industry with several iterations visible in the 27 years since the launch in 1984. In 2022, the CBI programme evolved again to meet provide a win-win solution for all stakeholders.

Sustainability at the fore

Martin emphasized that