According to statistics, almost 90% of the UAE's population is foreigners. They have played a key role in building the country's economy for decades. However, according to the latest data, more and more foreigners are leaving the country due to the projected economic slowdown due to the coronavirus pandemic and record low oil prices.

Analyst firm Oxford Economics said that the UAE could lose 900,000 jobs, that is, about 10% of the population that will be forced to leave their homes.

To attract new foreigners, the UAE authorities will offer qualified foreigners. However, candidates must be nominated by members of the royal family or UAE officials, and the country's cabinet of ministers has the final say.

Some foreigners are seeking independence from work visas, that is why they are increasingly looking at citizenship by investment programs. For example, in the Caribbean.

ALL ABOUT CITIZENSHIP BY INVESTMENT PROGRAMS IN THE CARIBBEAN HERE

For example, there is now a limited-time offer for Saint Kitts and Nevis Citizenship by Investment program.

- a family of 4 US$ 150k

- main applicant + spouse: US$ 150k

- additional contribution for each dependent US$ 10k

Dependent unmarried childless brother/sister <30 yo of the MA US$ 20k

Offer only applies to citizenship acquisition through investment in the Sustainable Growth Fund.

Source: finance.yahoo

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UAE Foreigners Considering Citizenship by Investment Programs