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Why do business people choose St Kitts & Nevis citizenship?

 July 13, 2021

By  BC Editorial Team

Saint Kitts and Nevis are two small islands in the Caribbean Sea that make up an integral and independent state. With more people taking part in St Kitts & Nevis citizenship by investment program and their investment paying off, this program becomes more attractive to foreign investors. According to Imperial & Legal, a lot of wealthy people from different countries choose St Kitts & Nevis as their second homeland.

Of course, St Kitts & Nevis investment options have long been known to investors, but successful investments have been drawing attention to that country and basically opened St Kitts & Nevis for other business people. But why is St Kitts & Nevis citizenship by investment program so attractive?

St Kitts & Nevis citizenship by investment program is the longest running citizenship by investment program in the world

St Kitts & Nevis is proud to have the longest running citizenship by investment program in the world, and it is one of its main advantages. The program was launched in 1984, and since that time all procedures and mechanisms have been developed and organized smoothly. For 3 decades, business people from all parts of the world have successfully obtained St Kitts & Nevis citizenship by investment. Now, St Kitts & Nevis citizenship by investment program is popular and trustworthy. Even after the devastating hurricanes in 2017 that affected all Caribbean countries, St Kitts & Nevis citizenship by investment program didn’t loose on its popularity. By means of reducing investment costs, St Kitts & Nevis government managed to attract new financial flows to mitigate the consequences of the crisis and restore its economic balance. It allowed St Kitts & Nevis to strengthen its status of a rapidly growing economy even under large-scale crisis and force-major conditions.

St Kitts & Nevis citizenship by investment program requires relatively small minimum investment and offers a choice of investment options

To date, minimum investment for St Kitts & Nevis passport starts from $150,000 for one person. Since 2017 when St Kitts & Nevis suffered from hurricanes, the minimum investment amount has been reduced by $100,000. Compared to other Caribbean citizenship by investment programs, for example in Dominica and Saint Lucia, St Kitts & Nevis investment costs are a bit higher. But they are significantly lower than in most European countries like Malta, Cyprus and Montenegro. The sum is contributed to the Sustainable Growth Fund for healthcare, education and energy development. If you pay another $45,000, you will be able to include 3 dependents into your St Kitts & Nevis citizenship by investment application. This investment option is the most cost-efficient. There is one more investment option – investment in real estate. In this case, the minimum investment amount increases to $200,000 or $400,000. It depends on the period of mandatory ownership. If you invest $200,000, you must own a property for 7 years; if you invest $400,000, the period of mandatory ownership decreases to 5 years. After this time, investor can sell the property for a higher price and get profit.

St Kitts & Nevis citizenship by investment program offers easy processing and mobility

It is easy to obtain St Kitts & Nevis passport. It doesn’t require many documents or even personal presence in the country. By law, all necessary documents – birth certificates, photos, criminal record certificates, bank statements, medical certificates, including HIV results, and filled forms – must be submitted by authorized agents. St Kitts & Nevis passport can be sent by post to any part of the world. Application processing rarely takes much time and is usually completed on time. The standard procedure takes 3 to 6 months. If you pay another $20,000-$25,000 for each family member, you can obtain St Kitts & Nevis passport under an accelerated scheme in 1.5-2 months. Another advantage is that St Kitts & Nevis has stable political and economic relationships with many world countries. It gives St Kitts & Nevis citizens visa-free access to 142 countries, including EU countries, Central and South American countries, the UK, Singapore and many others. St Kitts & Nevis citizen can stay in any of these countries for up to 180 days every year and for at least 90 days during one stay. In the UK, it is possible to stay for all 6 months in a row. For countries that have some visa regime restrictions, like the USA and Canada, you can obtain visas for up to 10 years.

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St Kitts & Nevis has favorable tax regime

St Kitts & Nevis has very low taxes. That’s why, it is beneficial to open bank accounts, launch start-ups and search for new clients in this country. Individuals in St Kitts & Nevis enjoy many tax benefits. Tax residents of St Kitts & Nevis don’t pay inheritance, property, capital gains and income taxes in the country and abroad. The conditions for tax residents and non-residents are different. The first category pays taxes on all their worldwide income but can benefit from not paying income tax, if spend most of the time in St Kitts & Nevis. Non-residents pay income taxes on income earned in the country.

St Kitts & Nevis government respects investors interests

In Caribbean countries, dual citizenship is permitted. St Kitts & Nevis is not an exception. If an investor doesn’t want the government in their homeland to know about St Kitts & Nevis passport, full confidentiality is guaranteed. It is important, however, that the money you invest is legally sourced. At the same time, investors must keep in mind the legislation in their homeland. If it prohibits dual citizenship, this fact must be considered to avoid negative consequences. Apart from confidentiality, St Kitts & Nevis government also guarantees the security of its citizens being a member of the British Commonwealth of Nations. It provides all necessary social support and protects every citizen’s interests, regardless of their religion and political affiliation.

St Kitts & Nevis citizenship by investment program provides second passports for the whole family for life

St Kitts & Nevis government understands that family bonds play an important role for most investors. That’s why, it adopts quite a flexible policy while developing and supporting family citizenship by investment program. St Kitts & Nevis passport can be issued not only to spouses and children, but also to parents and grandparents. Minimum investment amounts to $150,000; a spouse can be added to the application at the cost of $25,000. For each additional dependent, you must pay another $10,000. If you have a big family, it is a cost-efficient scheme. What’s even more convenient is that your family members are not obliged to live in St Kitts & Nevis and even come there to obtain their second passports. They will be sent by post. New St Kitts & Nevis citizens get all the benefits of St Kitts & Nevis passport. For example, they are free to travel wherever they like and come to the islands on holidays.

Business people are risk-takers, but every risk must be justifiable and have some solid grounds. In case of St Kitts & Nevis citizenship by investment program, the risks are mitigated by already established procedures, good conditions and professional assistance from immigration advisors. So, the benefits of participation in St Kitts & Nevis citizenship by investment program are obvious.

BC Editorial Team


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