Dec 16, 2020
In 1984, St. Kitts & Nevis offered, for the first time, Citizenship by Investment, or CBI.
The idea was that, through an on-island real estate investment of $400,000, or a one-time “donation” of $250,000 to the government, a non-Kittitian could receive citizenship within a few short months. To gain citizenship, he would not be required to live in the islands, nor even to visit them. But his new citizenship would allow him to live there if he chose to do so, without obligation to pay any income or capital gains taxes locally. In addition, his new passport would be honoured in 132 countries, providing him with tremendous freedom.
Not surprisingly, the programme was inspired by the knowledge that many countries in the former “Free World” have become increasingly rapacious as regards their citizenries.
As is always the case historically, when once-powerful nations find themselves in a state of decline, rather than correct the problems they have created, governments tend to squeeze their people even harder. Many of those people then seek a means by which they can exit the clutches of their governments, but the lack of a second passport often enslaves them to the country of their birth.