St Kitts and Nevis Citizenship By Investment
The St. Kitts and Nevis Citizenship By Investment Program is designed to attract foreign capital and businesspeople by providing the right of residence and citizenship in return.
St. Kitts and Nevis is a federation consisting of two islands, located in the Leeward Islands in the eastern Caribbean Sea. The idyllic setting has earned the islands a reputation as the back garden of North America. Tourism is the main pillar of the economy. In addition, St. Kitts and Nevis is also known as the world’s offshore financial center and tax haven. St. Kitts and Nevis is a member of the Caribbean Community, The Organization of American States and of the Commonwealth.
St. Kitts and Nevis Citizenship By Investment Policy
As of January 2012, the Government of St. Kitts and Nevis has increased the investment amount (St. Kitts and Nevis’ currency is Eastern Caribbean Dollar. To qualify for citizenship of St. Kitts and Nevis under its Citizenship by Investment Program, there are two options:
• A non-refundable charitable donation of at least US$250,000 to the Sugar Industry Diversification Foundation (SIDF) plus payment of processing charges
• A designated recoverable real estate investment approved by the government with a value of at least US$400,000 plus payment of various registration and other charges
Note: The real estate option is a recoverable investment; however, you can only sell your property after 5 years. The passport issued is valid for 10 years and can be renewed thereafter.
Application Conditions to Get St Kitts and Nevis Citizenship
1. Must be at least 18 years of age.
2. No criminal record
3. Pass the due diligence of the Citizenship by Investment program
St Kitts and Nevis Citizenship Benefits
Advantages of the St. Kitts and Nevis Citizenship By Investment Programme:
Fast Naturalization: Citizenship is approved quickly, within 4-6 months.
Investment Type: Low investment amount with appreciation potential. The investment can be sold after five years, but citizenship is permanent.
Flexible Requirements: No language, education or management experience requirements and no need to prove source of funds.
No Residence Requirement: No residence requirements, and no need to enter during the application.
Family Immigration: The whole family (applicant, spouse, children, parents and grandparents) obtain citizenship at the same time.
World Citizen: A St. Kitts and Nevis passport allows visa-free travel to more than 150 countries (including the UK, all the EU countries and all Schengen countries).
Tax Haven: No income, capital gains or wealth tax. Citizens pay no tax on income, interest, gifts, inheritance and property outside of St. Kitts and Nevis.
Financial Planning: Establishing offshore accounts and offshore companies can assist in transnational financing and IPO opportunities.
Quality Education: With foreign citizenship, children have easier access to international schools in China and elite schools all over the world.
Privacy Protection: St. Kitts and Nevis allows dual citizenship. There is no need to inform the country of origin and the applicant’s privacy is protected.
Security and Stability: St. Kitts and Nevis has the most stable investment immigration program in the world which has been operating successfully for over 30 years.
Many People get rejected for not having proper documents and because of other immigration proceedings when they apply for Saint Kitts Citizenship by Investment. It is better to consult experienced immigration consultants to get through without many hassles. Consult VSK & Co for Hassle free Immigration process to St. Kitts and Nevis.
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