An increasing number of crypto investors and tech entrepreneurs are looking to second citizenship as a means of achieving greater freedom. This growing demographic has combined assets like cryptocurrency with additional citizenships to unlock financial autonomy and wealth diversity in the last few years.
A second citizenship offers a level of safety and security that investors can rely on during political or economic turmoil. The onset of the COVID-19 pandemic has particularly triggered families to obtain second citizenship to protect themselves and their finances better.
The dual-island nation of St Kitts and Nevis has been a popular destination amongst the wealthy, mainly via its Citizenship by Investment (CBI) Programme. This initiative provides a trusted route to second citizenship once an applicant invests in the nation. Established in 1984, St Kitts and Nevis’ programme is internationally recognised as a ‘Platinum Standard’ brand.
Despite being the smallest sovereign state in the Western Hemisphere, St Kitts and Nevis is one of the most technologically advanced nations in the region regarding its crypto-friendly approach to banking. The islands recently passed a bill simplifying the trade of virtual assets and is also currently running a digital currency pilot programme known as DCash.
“We’ve seen an increase in interest for second citizenship from the tech community. This demographic, technologically, is already global, so it makes sense that they want their assets to reflect this mindset,” says Micha Emmett, CEO of CS Global Partners, a legal advisory that helps clients with citizenship and residency solutions.
With over three decades of experience within the investment migration realm, the dual-island offers a trusted product that has been acclaimed globally by independent studies like the annual CBI Index published by the Financial Times’ PWM magazine. With an influx of citizenship programmes on the market, St Kitts and Nevis remains a pioneer within the industry with one of the longest-standing programmes in operation. Currently, investors can take advantage of a limited time offer that enables a family of up to four to acquire citizenship for the same price as an individual.
Those who become citizens gain a wealth of benefits, including increased global mobility to nearly 160 destinations, alternative business prospects, and the ability to pass citizenship down, thus establishing a future legacy for one’s family. Additionally, St Kitts and Nevis does not impose any personal income, gift or inheritance tax and has a currency pegged to the US dollar, making it a financially lucrative destination for savvy investors.
For those looking to hedge against future risks, combining cryptocurrency and second citizenship provides investors with the ultimate insurance policy during times of unpredictability. St Kitts and Nevis remains the best destination for securing your future with a thriving financial services sector and a growing crypto-hub.