{"id":38772,"date":"2021-12-07T14:36:53","date_gmt":"2021-12-07T10:36:53","guid":{"rendered":"https:\/\/www.savoryandpartners.com\/?p=38772"},"modified":"2021-12-07T14:36:53","modified_gmt":"2021-12-07T10:36:53","slug":"emerging-investment-migration-markets-kenya","status":"publish","type":"post","link":"https:\/\/old.savoryandparnters.com\/blog\/emerging-investment-migration-markets-kenya\/","title":{"rendered":"Emerging Investment Migration Markets &#8211; Kenya"},"content":{"rendered":"<p><span data-contrast=\"none\">Investment migration is a trendy subject among countries with a growing wealth bracket and a relatively low global mobility ability, which is why we keep seeing new residency and citizenship by investment (RCBI) markets pop up all over the world.<\/span><\/p>\n<p><span data-contrast=\"none\">As the number of\u00a0high net worth\u00a0individuals (HNWIs) of a particular country grows, so does the need for a better standard of living, something which a second citizenship certainly addresses. This growing trend is apparent in many nations, but one of the places where we are seeing a flurry of RCBI activity is Kenya.<\/span><\/p>\n<p><span data-contrast=\"none\">But for Kenya to be considered a large RCBI market, it\u00a0has to\u00a0meet three criteria:<\/span><\/p>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"none\">The availability of wealth<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"none\">The need for investment migration\u202f<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" aria-setsize=\"-1\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"none\">The availability of RCBI services<\/span><\/li>\n<\/ul>\n<h3><em><strong>A Growing Economy<\/strong><\/em><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><\/h3>\n<p><span data-contrast=\"none\">The Kenyan economy is one of the fastest-growing ones in the African continent. Kenya&#8217;s GDP has had an average growth rate of 4.62% in the past decade and a half and is primed to continue to grow.<\/span><\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/old.savoryandparnters.com\/blog\/the-massive-effect-citizenship-by-investment-has-on-countries\/\"><em>Don&#8217;t Miss: The Massive Effect Citizenship by Investment Has On Countries<\/em><\/a><\/p>\n<p><span data-contrast=\"none\">This means that the number of HNWIs within Kenya is set to grow, a hypothesis which is mirrored by\u00a0<\/span><a href=\"https:\/\/content.knightfrank.com\/research\/83\/documents\/en\/the-wealth-report-2021-7865.pdf\"><span data-contrast=\"none\">Knight Frank, who predict that the number of HNWIs in Kenya will grow a staggering 46% in the upcoming five years.\u202f<\/span><\/a><\/p>\n<p><span data-contrast=\"none\">While the Kenyan Shilling, the official currency of the nation, has dropped about 30% in the last decade, the economy and GDP continue to grow. The currency fluctuation is partially affected by political instability and the relationship with foreign nations, but it remains a minor dent in the overall scheme of things.<\/span><\/p>\n<div id=\"attachment_38780\" style=\"width: 1610px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-38780\" class=\"size-full wp-image-38780\" src=\"https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/12\/Kenyas-GDP-has-had-an-average-growth-rate-of-4.62-in-the-past-decade-and-a-half-and-is-primed-to-continue-to-grow.jpg\" alt=\"Kenya's GDP has had an average growth rate of 4.62% in the past decade and a half and is primed to continue to grow\" width=\"1600\" height=\"800\" srcset=\"https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/12\/Kenyas-GDP-has-had-an-average-growth-rate-of-4.62-in-the-past-decade-and-a-half-and-is-primed-to-continue-to-grow.jpg 1600w, https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/12\/Kenyas-GDP-has-had-an-average-growth-rate-of-4.62-in-the-past-decade-and-a-half-and-is-primed-to-continue-to-grow-300x150.jpg 300w, https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/12\/Kenyas-GDP-has-had-an-average-growth-rate-of-4.62-in-the-past-decade-and-a-half-and-is-primed-to-continue-to-grow-1024x512.jpg 1024w, https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/12\/Kenyas-GDP-has-had-an-average-growth-rate-of-4.62-in-the-past-decade-and-a-half-and-is-primed-to-continue-to-grow-768x384.jpg 768w, https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/12\/Kenyas-GDP-has-had-an-average-growth-rate-of-4.62-in-the-past-decade-and-a-half-and-is-primed-to-continue-to-grow-1536x768.jpg 1536w, https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/12\/Kenyas-GDP-has-had-an-average-growth-rate-of-4.62-in-the-past-decade-and-a-half-and-is-primed-to-continue-to-grow-1000x500.jpg 1000w, https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2021\/12\/Kenyas-GDP-has-had-an-average-growth-rate-of-4.62-in-the-past-decade-and-a-half-and-is-primed-to-continue-to-grow-670x335.jpg 670w\" sizes=\"(max-width: 1600px) 100vw, 1600px\" \/><p id=\"caption-attachment-38780\" class=\"wp-caption-text\">Kenya&#8217;s GDP has had an average growth rate of 4.62% in the past decade and a half and is primed to continue to grow.<\/p><\/div>\n<p><span data-contrast=\"none\">Kenya&#8217;s economy is largely focused on agriculture, which contributes to a third of the country&#8217;s GDP, but other sectors, primarily construction and IT, are growing fast at rates of approximately 8% and 13%, respectively.<\/span><\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/old.savoryandparnters.com\/blog\/dominica-signs-historic-visa-waiver-agreement-with-china\/\"><em>You Might Also Like: Dominica Signs Historic Visa Waiver Agreement With China<\/em><\/a><\/p>\n<p><span data-contrast=\"none\">This economic diversity has opened the path for more Kenyans to take advantage of commercial opportunities and grow their wealth, creating a large client pool for RCBI.<\/span><\/p>\n<h3><em><strong>The Need For A Second Passport<\/strong><\/em><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><\/h3>\n<p><span data-contrast=\"none\">Kenya&#8217;s living standard is not what one would hope, as the country&#8217;s political stature is rocked by insurgent extremist groups, which also threaten the security of the nation, and its currency and economy are held back because of this political turbulence.<\/span><\/p>\n<p><span data-contrast=\"none\">The population in Kenya also have to deal with lacklustre infrastructure, education, and healthcare. Over half a million Kenyans have chosen to look for a better life abroad, while those remaining are looking for solutions that RCBI can easily provide.<\/span><\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/old.savoryandparnters.com\/blog\/citizenship-by-investment-grow-your-business-in-europe\/\"><em>People Who Read This Article Also Read: Citizenship by Investment &#8211; Grow Your Business In Europe<\/em><\/a><\/p>\n<p><span data-contrast=\"none\">Another issue Kenyans\u00a0have to\u00a0deal with is the limited global mobility of their passports.<\/span><\/p>\n<p><span data-contrast=\"none\">St. Kitts &amp; Nevis, on the other hand, has a passport that provides <a href=\"https:\/\/old.savoryandparnters.com\/programs\/citizenship-by-investment\/st-kitts-nevis\/visa-free-countries\/\">visa-free travel to 157 destinations globally<\/a>. The St. Kittian passport also provides visa-free travel to highly desirable locations like the <a href=\"https:\/\/old.savoryandparnters.com\/programs\/immigration\/uk\/about\/\">United Kingdom<\/a> and the EU, which require the Kenyan passport holder to apply for a visa.<\/span><\/p>\n<h4 style=\"text-align: center;\"><em><strong>Learn More About St Kitts &amp; Nevis Citizenship by Investment Program<\/strong><\/em><\/h4>\n<p style=\"text-align: center;\"><iframe loading=\"lazy\" title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/6AE1yeIvYeY\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><span data-contrast=\"none\">Getting a Schengen visa can be a task for Kenyans;\u00a0<\/span><a href=\"https:\/\/statistics.schengenvisainfo.com\/\"><span data-contrast=\"none\">Greece&#8217;s embassy in Nairobi rejected approximately 20% of all Schengen visa applications in 2020, while its Swedish counterpart rejected about 25% in the same year<\/span><\/a><span data-contrast=\"none\">.<\/span><\/p>\n<p><span data-contrast=\"none\">Getting a UK visa, although simpler, also has alarming rejection rates for Kenyans, as almost\u00a0<\/span><a href=\"https:\/\/ukvisa.blog\/2018\/11\/23\/uk-visa-success-rate\/\"><span data-contrast=\"none\">15% of Kenyan applicants get rejected<\/span><\/a><span data-contrast=\"none\">.<\/span><\/p>\n<p><span data-contrast=\"none\">Obtaining a second passport can alleviate these issues, and more Kenyans are becoming aware of the solution and how they can transform their lives for the better with the use of a strong passport.<\/span><\/p>\n<h3><em><strong>Access to RCBI Services<\/strong><\/em><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><\/h3>\n<p><span data-contrast=\"none\">In terms of the last issue to becoming a large market, we at <a href=\"https:\/\/old.savoryandparnters.com\/\">Savory &amp; Partners<\/a> help Kenya tick that box.<\/span><\/p>\n<p><span data-contrast=\"none\">We have been offering Kenyan HNWIs our services for years now, and we have become extremely familiar with the Kenyan perspective, the obstacles that they face\u00a0on a daily basis, and what solutions perfectly address their problems.<\/span><\/p>\n<p><span data-contrast=\"none\">We work closely with our Kenyan clients to understand their needs and provide them with a tailor-made solution. Our presence in the Kenyan market has helped countless Kenyan HNWIs obtain second passports for themselves and their family members, allowing them to realize their full potential.<\/span><\/p>\n<p style=\"text-align: center;\"><iframe id=\"datawrapper-chart-Lsyi6\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Kenyan Investor Migrant Trends\u00a0\" src=\"https:\/\/datawrapper.dwcdn.net\/Lsyi6\/1\/\" height=\"600\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Stacked Column Chart\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",(function(e){if(void 0!==e.data[\"datawrapper-height\"]){var t=document.querySelectorAll(\"iframe\");for(var a in e.data[\"datawrapper-height\"])for(var r=0;r<t.length;r++){if(t[r].contentWindow===e.source)t[r].style.height=e.data[\"datawrapper-height\"][a]+\"px\"}}}))}();\n<\/script><\/p>\n<p><span data-contrast=\"none\">A very important thing to note is that Kenyans are eligible for all citizenship by investment programs worldwide, meaning they are lush for choice when it comes to getting a second passport.<\/span><\/p>\n<p><span data-contrast=\"none\">However, one option may prove much more beneficial than the other depending on the person's circumstances and needs, and that is where we at <a href=\"https:\/\/old.savoryandparnters.com\/\">Savory &amp; Partners<\/a> make the difference.<\/span><\/p>\n<p><span data-contrast=\"none\">We analyze your situation and produce the optimal solution for you and your family, matching your needs and budget. If you would like to find the RCBI solution that is best suited for you, all you have to do is contact us today and book a free, comprehensive consultation with one of our second citizenship specialists.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\"><span id=\"hs-cta-wrapper-3980b7cd-7f65-4936-add2-8f19e5386912\" class=\"hs-cta-wrapper\"><span id=\"hs-cta-3980b7cd-7f65-4936-add2-8f19e5386912\" class=\"hs-cta-node hs-cta-3980b7cd-7f65-4936-add2-8f19e5386912\"><a href=\"https:\/\/cta-redirect.hubspot.com\/cta\/redirect\/4600110\/3980b7cd-7f65-4936-add2-8f19e5386912\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" id=\"hs-cta-img-3980b7cd-7f65-4936-add2-8f19e5386912\" class=\"hs-cta-img\" style=\"border-width: 0px;\" src=\"https:\/\/no-cache.hubspot.com\/cta\/default\/4600110\/3980b7cd-7f65-4936-add2-8f19e5386912.png\" alt=\"Apply Today\" width=\"300\" height=\"75\" \/><\/a><\/span><script src=\"https:\/\/js.hscta.net\/cta\/current.js\" charset=\"utf-8\"><\/script><script type=\"text\/javascript\"> hbspt.cta.load(4600110, '3980b7cd-7f65-4936-add2-8f19e5386912', {}); <\/script><\/span><\/span><\/p>\n<h3><em><strong>Our Availability<\/strong><\/em><\/h3>\n<p>We are available on every channel convenient for you.<\/p>\n<ul>\n<li><strong>Landline:<\/strong> +971 (0) 4 430 1717<\/li>\n<li><strong>Mobile Phone:<\/strong>\u00a0<a href=\"tel:+971544402955\">+971 54 440 2955<\/a><\/li>\n<li><strong>WhatsApp:<\/strong>\u00a0<a href=\"https:\/\/wa.me\/971544402955\">+971 54 440 2955<\/a><\/li>\n<li><strong>E-mail:<\/strong>\u00a0<a href=\"mailto:contact@savoryandpartners.com\">contact@savoryandpartners.com<\/a><\/li>\n<li><strong>Signal:<\/strong> +971 54 440 2955<\/li>\n<li><strong>Telegram:<\/strong>\u00a0<a href=\"https:\/\/t.me\/savoryandpartners\">+971 54 440 2955<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Investment migration is a trendy subject among countries with a growing wealth bracket and a relatively low global mobility ability, which is why we keep seeing new residency and citizenship&#8230;<\/p>\n","protected":false},"author":22,"featured_media":38774,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4777],"tags":[],"class_list":{"0":"post-38772","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blog"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v18.1 (Yoast SEO v23.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Emerging Investment Migration Markets - Kenya<\/title>\n<meta name=\"description\" content=\"The Kenyan market has become a vast client pool in the Investment Migration industry. 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