Wealthy Kenyans are spending up to Sh. 35 million to buy citizenship at a dual-island nation known as St. Kitts and Nevis.
This country is located between the Atlantic Ocean and Caribbean Sea. It’s known for cloud-shrouded mountains and beaches. Many of its former sugar plantations are now inns or atmospheric ruins.
The larger of the 2 islands, Saint Kitts, is dominated by the dormant Mount Liamuiga volcano, home to a crater lake, green vervet monkeys and rainforest crisscrossed with hiking trails.
The country is a Commonwealth realm, with Elizabeth II as Queen and head of state. It is the only sovereign federation in the Caribbean.
The capital city is Basseterre, located on the larger island of Saint Kitts. Basseterre is also the main port for both passenger entry (via cruise ships) and cargo.
St Kitts and Nevis is home to some of the top most sought-after medical institutions and enrolment in high school is 91 percent, meaning that if a Kenyan passes security checks, invests a minimum of Sh23.6 million to Sh. 35.4 million ($200,000 to $300,000) in real estate, they can pass their citizenship to their children who would benefit from upper-class education and healthcare.
St. Kitts allows foreigners to obtain the status of St. Kitts citizen by means of a government sponsored investment programme called Citizenship-by-Investment.
Established in 1984, St. Kitts’ citizenship programme is the oldest prevailing economic citizenship programme of this kind in the world.
The nation’s economy is characterized by its dominant tourism, agriculture, and light manufacturing industries.
Sugar was the primary export from the 1940s on, but rising production costs, low world market prices, and the government’s efforts to reduce dependence on it have led to a growing diversification of the agricultural sector.
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In 2005, the government decided to close down the state-owned sugar company, which had experienced losses and was a significant contributor to the fiscal deficit.
St. Kitts and Nevis is heavily dependent upon tourism to drive its economy, a sector which has expanded significantly since the 1970s. In 2009 there were 587,479 arrivals to Saint Kitts compared to 379,473 in 2007, an increase of just under 40 percent in a two-year period.
