Wealthy Kenyans Seeking Second Homes in Little-Known North American Island Nation
St Kitts and Nevis, a little-known dual-island country in North America has become a preferred investment destination for wealthy Kenyans, according to London-based investment migration consultancy Henley & Partners.
Henley & Partners says Kenya’s super-rich are expressing more interest in investment migration programmes as opposed to migration destinations as the former not only gives them an opportunity to diversify their investments but also have a second home in another country.
“The most popular programme Kenyans have been enquiring about is St Kitts and Nevis citizenship by investment. St. Lucia, Switzerland, and the UK are also popular among Kenyans. Kenya is sixth on the continent in terms of web enquiries received by Henley & Partners in 2022. The top five are Nigeria, South Africa, Algeria, Egypt, and Morocco,” said Dominic Volek, Henley & Partners head of private clients as quoted by Business Daily.
The most popular programmes in terms of sales to Kenyans are St. Kitts and Nevis and St. Lucia, another North American island nation.
St Kitts and Nevis appeals to many because its education system is better, it is affordable to get citizenship as the investment requirement is fairer than in other countries and it is crypto-friendly, making it attractive to technology investors.
Business Daily reported that if a Kenyan passes security checks and invests between Sh23.6 million and Sh35.4 million ($200,000 to $300,000) in real estate in the island nation, they can pass their citizenship to their children who would benefit from first-class education and healthcare.
CG Global Partners, an international government advisory and marketing company specializing in residency and citizenship by investment solutions, says such investors also get the freedom to travel, and the right to live and work in St Kitts and Nevis.
St Kitts and Nevis is an English-speaking nation, meaning it is easy to do business and transition to new schools. Its culture is also mixed, with African, British, Carib, and French influences.