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Basseterre, Jan. 31, 2023 (GLOBE NEWSWIRE) — As the number of high net worth individuals rises around the world, the effects of accelerating wealth are being felt in Thailand.
As a country in Southeast Asia, Thailand is known for its tropical beaches and rich history. Its capital, Bangkok, is a very popular city for the ultra-rich as it offers modern facilities and a tropical climate that is not far from nature.
According to Knight Frank’s latest edition of The Wealth Report, the Asia-Pacific region is one of the world’s wealth hubs. HNWIs remain bullish on the region’s trajectory, as evidenced by the projected growth of UHNWI and HNWI populations from 2021 to 2026, which is the fastest of all regions. will be
As the wealth boom shifts eastward, APAC’s billionaire population will also grow faster than the global average (33.7%) to 36.7% over the next five years. By 2026, more than a third of the world’s billionaires will be from the region, and that proportion continues to grow. This confirms that Asia Pacific will be a wealth engine in her 2020s. While the gateway market continues on its path of stable and resilient growth, developing markets are catching up very quickly.
According to reports, a new class of ultra-rich is emerging, known as millionaires. These investors are looking at establishing residency and citizenship in multiple countries, and the accompanying multinational living, as key to their wealth management strategy. As Forbes advises, “The ultra-wealthy will expand their investment opportunities and business operations, and ensure liquidity in places that protect against risks ranging from geopolitical conflicts to climate change to virus outbreaks. For this reason, we are increasingly pursuing diversification of addresses.”
Obtaining a second citizenship in St Kitts and Nevis while being a resident of Thailand
Saint Kitts and Nevis is a double island nation located between the Atlantic Ocean and the Caribbean Sea. In the 1980s, he pioneered the concept of Citizenship by Investment (CBI), one of the most successful programs of its kind in the world, which he has run for nearly 40 years. All his other CBI programs have been benchmarked against those in St Kitts and Nevis.
Thailand and Saint Kitts and Nevis are two countries with many similarities. Both countries have tropical climates, beautiful beaches and vibrant cultures. Additionally, the two countries share a passion for tourism and hospitality, making them popular destinations for travelers from all over the world. The two countries have many things in common, making them a unique choice for global investors.
St Kitts and Nevis CBI Program Benefits
- Expedited application process available
- No travel, residency or English test requirements
- Enhanced global mobility
- A fair tax system with no worldwide income, inheritance or gift taxes
- Business Heaven – Business and Investment Incentives
- Your citizenship will not be reported anywhere, ensuring your privacy
Saint Kitts and Nevis Citizenship Investment Options
Investors can choose from one of four investment options to apply for St Kitts and Nevis citizenship by investment.
- By donating to the national sustainable growth fund
- By investing in pre-approved real estate
- by buying a home
- By choosing the “public interest option”
A limited time offer is available for the Sustainable Growth Fund option that runs until June 30, 2023. An investor can obtain his second citizenship in just 60 days using this option.
Income from the Fund is intended to promote the economic development and social advancement of the country. The Sustainable Growth Fund will provide financial support for educational institutions and medical facilities, as well as additional funding for infrastructure construction, local tourism development, preservation of local culture and heritage, and support for sustainable growth. used to Efforts in twin islands.
As part of the limited-time offer, prime applicants will be able to invest a minimum of US$125,000 in the fund, subject to rigorous background checks, and generally be approved within 60 days of submitting their application.
In the limited-time offer, your investment options are:
- Single Applicant – US$ 125,000
- Primary Applicant and Spouse – USD 150,000
- Primary Applicant, Spouse and Two Dependents – USD 170,000
- For each additional dependent under 18 – USD 10,000
- For each additional dependent over the age of 18 – USD 25,000
Beginning July 1, 2023, applicants investing through the Sustainable Growth Fund will be charged: As a general rule, he can expect approval within 90 days of submitting his application.
- Main Applicant – US$150,000
- Primary Applicant and Spouse – USD 175,000
- Primary Applicant, Spouse and Two Dependents – USD 195,000
- For each additional dependent under 18 – USD 10,000
- For each additional dependent over the age of 18 – USD 25,000
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