Features of obtaining citizenship in St. Kitts and Nevis
The Federation of Saint Kitts and Nevis is situated in the eastern Caribbean Sea and comprises two islands, St. Kitts and Nevis, which belong to the Lesser Antilles. It has a population of approximately 50,000 and Buster is the capital. The official language of the state is English.
The main branches of the economy are tourism and agriculture. Offshore service in banks plays a big role. Jurisdiction is a part of international organization of ACP countries. Transport communication is highly developed: the area of roads for cars exceeds 300 km, and there are two airports.
Since the 1980s, the state has provided citizenship opportunities for foreigners for investment. This program is one of the first to grant economic citizenship. The meaning of this program is that the investor contributes to real estate, or makes a contribution without the possibility of a return to the state fund, after which he or she obtains citizenship for himself/herself and his/her family.
The advantage of citizenship in St. Kitts and Nevis is that there is no requirement to know the language or history of the country and no obligation to reside in the jurisdiction. Participation allows for visa-free access to many countries, including EU Member States, and beneficial tax optimization.
The benefits of participating in the program:
- It is possible to obtain citizenship relatively quickly;
- There is no tax on income received abroad, inherited property, capital;
- There is no need to visit the state immediately after citizenship is issued or until then;
- It is possible to apply for dual citizenship.
After obtaining a second passport, there are more opportunities for traveling without a visa. To learn more about the conditions of citizenship, please contact our specialists at IT-OFFSHORE.
General terms and conditions of investment
To obtain a passport to St. Kitts and Nevis, the investor must be of legal age. A criminal record is not allowed. It is required to pass a check and indicate the source of funds.
You may also apply for a passport for a wife/husband, children under 30, and parents over 55 years old. One of the conditions is that children who have reached the age of majority, as well as parents must depend on the applicant.
A preliminary check on the applicant's reliability is required. The investor will need to disclose and document his or her identity, provide information about the business and sources of income. The legality of the origin of the money is established. This check is particularly relevant for those who plan to apply for citizenship through EU and Caribbean investments.
One of the investment options is to contribute to the public organizatio, Sustainable Growth Fund. The funds received there are used to develop public health, education, other energy sources, etc.
An alternative way to obtain citizenship is to invest in real estate. The objects that participate in the programme are approved by the government. It is possible to invest 200 thousand dollars or more, and sale is possible only after a few years.