Indonesian nationals who pass due diligent checks and make a requisite investment in the St Kitts-Nevis are now eligible for citizenship in the Eastern Caribbean country through the Citizen by Investment (CBI) Programme.
The St Kitts-Nevis CBI programme, established through legislation some 35 years ago, provides vetted foreign investors with a means of acquiring second citizenship after having contributed to its economy. This privilege has been extended to the citizens of Indonesia, considering they pass all the due diligence checks and fulfil all the other application requirements.
“Our policies, pricing strategies, and even our discourse about Citizenship by Investment must always emphasise the inextricable link between successful applicants to our programmes and the observable, actual development in and around our countries,” Prime Minister Timothy Harris had said about his country’s CBI programme in June at the annual Caribbean Investment Summit.
The small two-island nation this month ranked 24th among countries having the most powerful passports in the world. In fact, the Caribbean islands accelerated two positions higher in the global ranking since the previous quarter due to the expansive visa waiver policy carried out by Foreign Minister Mark Brantley.
As a result, St Kitts-Nevis passport holders will soon have to access around 160 countries and territories worldwide on a visa-free or visa-on-arrival basis.
A major contributor to developing the country’s economy is the Sustainable Growth Fund (SGF) under the CBI Programme. Introduced by Prime Minister Harris last year, it is said to be the most straightforward route to second citizenship in St Kitts-Nevis.
“Our policies, pricing strategies, and even our discourse about Citizenship by Investment must always emphasise the… observable, actual development in and around our countries”— Prime Minister of St Kitts-Nevis Dr Timothy Harris
Eligible single applicants must invest US$150,000, while a family of four is required to invest US$195,000, making it one of the most family-friendly CBI options available worldwide. If successful, applicants can benefit from visa-free travel to key business jurisdictions, alternative entrepreneurial opportunities, the advantage of passing down the citizenship to future generations, and securing a plan B in a safe country that features in the world’s top 30 for functioning rule of law.