This CBI-focus feature is sponsored and provided by The Fairway Group.
Which country has the highest number of billionaires per thousand people?
Monaco, the renown playground of the super-rich, is the country with the highest number of billionaires per thousand.
The second country may surprise you.
St. Kitts and Nevis, a quiet, tranquil country in the eastern Caribbean is the country with the second highest number of billionaires per 1,000 people.
The billionaires who have St. Kitts and Nevis Citizenship are Wu Xu, Jacky Xu, Myron Wentz and Pavel Durov.
Wu Wu
Chinese-born Wu Xu is the chair of the Chongqing Sincere Holding Group, one of the largest real estate developers in the central Chinese city of Chongqing.
Jacky Xu
Jacky Xu, 33, is a Singapore-born businessman and owner of Trendy International, a popular apparel company with brands that include Ochirly and Five Plus.
Myron Wentz
American-born Myron Wentz is founder and chairman of USANA, a multilevel marketing company that sells nutritional supplements and skincare products.
Pavel Durov
Pavel Durov is the CEO and co-founder messaging app ,Telegram which has more than 500 million users worldwide. Durov is known as Russia’s Mark Zuckerberg because he also created Vkontakte, Russia’s largest social network.
St. Kitts has been called “The World’s Best-Kept Secret,” and frankly these billionaires would probably prefer it that way. For those who aspire to billionaire status, it may be instructive to know just why this is.
If there is one thing that billionaires like, it is freedom. The second thing that billionaires like is safety – personal safety and the security of their assets. Thirdly, billionaires love a good return on their investments.
St. Kitts and Nevis offer all three in a warm, sustainable environment.
In 1984, as a solution to decreasing revenue from the countries main source of income (sugar production), the newly formed federation of St. Kitts and Nevis initiated a brilliant plan.
Why not offer individuals of good character the benefits of citizenship in return for a modest investment?
And so, the St. Kitts and Nevis Citizenship By Investment (CBI) Program was born. It was St. Kitts and Nevis’ gift to the world.
The St. Kitts and Nevis CBI has remained one of the most sought-after such programs in the world.
This platinum standard passport grants holders second citizenship, increased mobility and importantly, returns spontaneity and adventure to travel.
St. Kitts and Nevis citizens can, at a moment’s notice, take part in the advantage of international opportunities without the burden of long visa review periods – or the fear of delay and rejection.
According to St. Kitts and Nevis Prime Minister, Dr. The Hon. Timothy Harris: “St. Kitts and Nevis has long been a pioneer in creating innovative solutions to add value to the lives and experiences of individuals of high net worth. Our global offerings in citizenship, wealth management, investment and finance, technology and enterprise, and tourism, have won us acclaim as being not only investor focused, but also investor friendly. Our platinum standard is maintained through effective global partnerships, careful due diligence, robust regulatory compliance, and an insistence that all our investors and economic citizens demonstrate integrity in their business relations, and legal and private actions. The safety and security of our citizens and residents, and the integrity of our country’s long-standing global repute are foremost priorities which are closely guarded.”
Benefits of Citizenship
Citizenship is for the life of the investor, plus a spouse, children, parents and siblings, who the investor includes on his or her application.
Applicants are not required to visit or reside in St. Kitts and Nevis – the entire process, from application to passport delivery can be done remotely.
St. Kitts and Nevis passports are typically issued within 6 months of filing an application, with an expedited process available for an additional fee.
Citizens of St. Kitts and Nevis may travel visa-free/visa-on-arrival to more than 160 countries, including the United Kingdom, Russia, the Schengen Zone in the EU, and many British Commonwealth countries.
Citizenship includes full residency status and the right to live and work in St. Kitts and Nevis and other CARICOM countries.
St. Kitts and Nevis is a tax-efficient jurisdiction, offering no individual income tax and no capital gains tax on investments in CBI real estate.
Eligible to apply for a 10-year US Visitors Visa.
This is the first in a 10-part series on CBI programs for I.O.H.N.W
Carl Walwyn is a perennial award-winning Realtor in Canada who has been with ReMax Realty and the Toronto Real Estate Board since 1988. He is owner of Walwyn Real Estate Services, which specializes in sourcing, refurbishing and managing high-end residential and commercial real estate in St Kitts and Nevis. Over the past seven yearsm Carl has developed a niche expertise in advising clients on the best ways to navigate the Caribbean Real Estate landscape with confidence. As a wealth-management consultant and seminar leader, Carl has advised clients on how to leverage real estate equity gains realized from markets like Toronto, Vancouver, London and New York by entering the Caribbean real estate market and positioning their real estate holding portfolios to benefit from growth in that market. Realizing that there is currently no St Kitts and Nevis Real Estate Board, Carl has started a network of like-minded Realtors to adopt certain protocols and best practices to ensure trust and transparency in a sometimes-confusing Caribbean market. Carl brings more than 40 years of international sales, marketing and real estate investment experience to the group. He has a bachelor’s degree from the University of Toronto.
