The global pandemic has made many people nervous about investing in the stock market, and even more nervous about keeping their savings in a bank account where they lose value every year due to inflation.
As a result, many South African investors have turned to offshore investments as a way of protecting themselves against these risks. The St Kitts and Nevis Citizenship by Investment Programme is one of the best options for this kind of investment because it offers both citizenship with visa-free travel to nearly 160 countries around the world, and diversification opportunities for your investment portfolio.
A recent Business Day Dialogues, in partnership with CS Global Partners, moderated by Alishia Seckam, discussed why dual citizenship is an essential feature of a diversified investor profile in 2021 and why South Africans really need a plan B – call it a type of insurance – for their future.
South Africa constitutes only a small fraction of the global economy and its stock market is concentrated in a few very specific sectors. Offshore investments are therefore required to externalise wealth in different markets and to ensure exposure to a global investment landscape, explained Maarten Ackerman, advisory partner and the chief economist at Citadel.
The concept of global citizenship has taken centre stage in recent years, and its value has been highlighted by the Covid-19 pandemic commented Micha Emmett, CEO of CS Global Partners, a legal advisory specialising in residency and citizenship by investment solutions. The business offers advice to investors looking for second citizenship of residency recommendations.
Emmett added that there are currently a number of different active golden visa programmes that an investor can choose from – some which only offer a residency option while others offer citizenship and that it is important to understand the differences. She further mentioned that residence does not always lead to citizenship, and that residency is not always guaranteed in the long term. Citizenship, on the other hand, confers significantly more benefits and security.
The St Kitts and Nevis Citizenship by Investment Programme is one of the oldest and most established programmes of its kind which allows individuals and their families to legally obtain citizenship of one of the Caribbean’s most idyllic locations. Les Khan, CEO of Citizenship by Investment Unit revealed that the country has many commonalities with SA, including a similar legal system, which makes it easy for South Africans to adapt to.
The most direct ways of investing in St Kitts and Nevis is through the country’s Sustainable Growth Fund with a minimum investment of US$150 000. This allows a family of up to four gain citizenship of St Kitts and Nevis.
To watch the full discussion, click here.
If you have any questions, you can visit the official St Kitts and Nevis Citizenship by Investment website – www.ciu.gov.kn or contact them at firstname.lastname@example.org