It is well known that the economic climate has a direct impact on all types of businesses. From unemployment, to changes in consumer income, the interest and tax rates that businesses are subject to, all these factors and more have a direct effect on investment decisions as a whole.
There are significant events taking place across the globe, from the recent conflict between Russia and Ukraine, and the impact this is having on businesses worldwide, to the ongoing instabilities in the MENA region. As the world of business is evolving and moving at an ever-faster pace, the need to expand businesses and live without travel restrictions is rising. This in turn means that the demand for citizenship by investment is becoming more of a necessity than a luxury, especially for businessmen and investors in the MENA region.
Whether investors are seeking tax benefits and wealth protection or aiming to have future security for their families or easier mobility, alternative residency or citizenship by investment is now a top priority on their agendas. More than ever before, high-net-worth individuals and successful business people are pursuing citizenship options as the most effective way to access previously unimagined opportunities. In 2021, 72 per cent of high-net-worth individuals in the MENA region, and specifically in the GCC, applied for a second passport and expanded their businesses and freely open offshore bank accounts. Citizenship by investment programmes offer investors the opportunity to truly be global business citizens who can jump on any opportunity that comes their way to expand and grow their business.
A successful global investor should not be afraid to take risks, to seek security and flexibility through holding a stronger second passport. This will help in overcoming the tiresome logistics that may hinder those risk-taking opportunities.
A powerful second passport like Saint Kitts and Nevis offers an unlimited array of benefits, such as visa-free travel across more than 160 countries, including all the Schengen and European countries, the United Kingdom, Singapore, Hong Kong and many more. As well as access to world-class education and healthcare systems that provide you and your family with a lifetime of security and peace of mind. This lifetime citizenship and second passport can be passed on to future generations.
The process of acquiring a strong Commonwealth second nationality through investment is as easy as the click of a button, and automatically changes your risk rating to low, as applicants undergo strict due-diligence checks. Some of the common requirements include having a clean criminal record, declaring the legal source of the investment funds, and investing in one of the government-approved options, such as real estate, government bonds or a national economic fund. Once cleared, you as a businessman will be obtaining a powerful passport from a higher-ranking nation, making it much easier for you as a dual nationality holder to benefit from the full range of global business opportunities that might not have been possible prior to obtaining your second citizenship by investment. Not to mention that owning a passport from an economically and politically stable country, such as a Commonwealth passport, means more access to international business opportunities that might not have been available to you otherwise.
Investing in a citizenship programme offers you various financial and investment opportunities that can boost your business. Owning a second passport allows you to purchase assets in many countries, open offshore bank accounts to expand your international business, as well as enjoying many tax benefits such as zero tax on world income and inheritance that will empower you to manage your wealth more efficiently and effectively.
With a track record of more than 25 years, Bluemina has positioned itself as a leader in the arena of citizenship and residency by investment solutions through their strong government relationships around the globe. Being the most innovative firm in the industry, Bluemina launched its virtual office to provide its services and solutions to investors and individuals across the globe. As leaders and innovators in the industry, Bluemina aims to deliver unsurpassed levels of service that are customer-tailored to meet the investor’s needs.
When it comes to citizenship by investment options, the Saint Kitts & Nevis programme is the longest-running, well-established programme and remains a top choice for global businessmen and investors. St. Kitts & Nevis is one of the top programmes offered at Bluemina. This dual-island nation, which offers businessmen and investors a strong Commonwealth passport, was the first in the Caribbean to launch a citizenship by investment scheme in 1984 to attract foreign investment.
After decades of success, the St. Kitts & Nevis programme is currently the most reputable and trustworthy citizenship programme globally. It is known for its quick processing time, strict due diligence and countless benefits, and businessmen and investors consider it to be a great option when looking to invest in a powerful second passport and lifetime citizenship.
A major business advantage of acquiring a second nationality through this programme is that St. Kitts & Nevis does not impose taxes on overseas income or capital, not to mention that holding a second nationality may complement existing tax planning and wealth protection strategies. They also do not require applicants to visit or reside in the country to benefit from becoming citizens, nor are they required to renounce their citizenship by birth.
Apply now to become a Global Citizen and secure your future and the future of your family.
This article was originally published on 30 May 2022.
Authorised and licensed by the Government
Bluemina Citizenship & Residency is a government-approved and licensed firm in the field of second citizenship and permanent residency by investment. Over the years, the firm has established strong relationships with governments around the world, allowing it to extend smooth, legal and reliable services to its clientele.
UAE + 971 52 455 7922/ +971 58 589 6546
Qatar +974 5022 5887
Jordan +962 79 62 666 62
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Baghdad +964 782 211 1464 / +964 782 211 1424
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