Belgian multimillionaire aims to build a ‘Caribbean Dubai’ in the Antilles

A contentious development proposal is generating significant debate across the Caribbean island of Nevis. Belgian multimillionaire Olivier Janssens, who amassed his wealth through cryptocurrency investments, is spearheading an ambitious project to establish an autonomous enclave dubbed “Destiny” on the island’s southern coast.

The 46-year-old libertarian, now a citizen of Saint Kitts and Nevis through the federation’s investment citizenship program, envisions creating a luxury residential community spanning 10 square kilometers—approximately 11% of Nevis’s total land area. The development would feature 10,000 homes targeting affluent international buyers seeking Caribbean paradise.

Janssens describes his vision as a “Monaco-Dubai hybrid for the Caribbean” that prioritizes low-rise architecture, natural preservation, and family safety. Currently residing in Nevis, the entrepreneur has invested in companies owned by Elon Musk and maintains strong libertarian principles.

However, the project faces substantial local opposition. Many residents express concerns about creating what they characterize as a “state within a state” that could fundamentally alter the island’s character and demographics. The government of Saint Kitts and Nevis is currently considering approval for the autonomous enclave, which would potentially attract thousands of wealthy investors to the small island nation of 47,000 people.

The timing of this proposal coincides with increased international scrutiny of investment citizenship programs by both the European Union and United States authorities. If approved, construction could commence as early as 2026, transforming the currently wild, hilly, and wooded southern coastline of Nevis.