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Second Citizenship

citizenship by investment

Second Citizenship

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St Kitts And Nevis The Oldest Second Passport Program

Eligibility For St Kitts And Nevis Citizenship Programme

Acquired real estate shall not be sold within five (5 – 7) years, unless it is sold to upgrade to a similar property or one of higher value. Please request the most exhaustive information about the citizenship-by-investment opportunity that is found in St Kitts and Nevis by writing to -pro.info. We will be delighted to assist you in acquiring a foreign citizenship of this country without any intermediaries. We would like to help you make the right decision by developing a clear understanding of what conditions St Kitts and Nevis offers to foreigners wishing to obtain its citizenship. Below please find a table that lists the most important advantages and disadvantages that the St Kitts and Nevis program has.

Of late also the twin island federation has seen a boost in real estate investment projects as there is a scramble to provide accommodation for holiday makers on the islands since the islands have become very popular with tourists. The route to citizenship in St. Kitts and Nevis can be achieved both through investment in approved real estate or through a donation to the country’s Sustainable Growth Fund, and takes between two to four months. Citizenship may be acquired through an investment in a pre-approved real estate project, which may include hotel shares, villas, and condominium units. The minimum real estate investment is USD $200,000 or USD $400,000 . In practice, this can for example mean easier access to international education institutions in Europe or the Americas for children, and increased flexibility for their parents to visit them while abroad.

How Long Does It Take To Close A Real Estate Property Deal In Saint Kitts And Nevis?

It also provides visa-free travel to the UK and Europe which opens up a host of business and educational opportunities. Paying the minimum administrative fees for the transaction, while the large investment value is paid after the government’s approval of the citizenship application. Parents and grandparents of the main applicant or of the spouse, above the age of 55 years living and fully supported by the main applicant. A child of the main applicant or of the spouse, who is above the age of 18 and physically or mentally challenged. A child of the main applicant or of the spouse between the age of 18 and 30 years who is in full-time attendance at a recognized institution of higher education and fully supported by the main applicant.

st kitts and Nevis citizenship

The two island country has refused signing any tax treaties with other countries to avoid such disclosure issues. The applicant may also choose to invest in a non-refundable contribution to the newly established Sustainable Growth Fund which is replacing the Sugar Industry Diversification Foundation option and the Hurricane Relief Fund . Applicants investing in the Sustainable Growth Fund, have to make a contribution of US$150,000, inclusive of government fees, for a single main applicant or a contribution of US$195,000, following incremental steps, for a family of four.

Heres Why Africans Are Buying Citizenship In The Caribbean Island Of St Kitts And Nevis

The second option is an investment in real estate approved by the government, which will range in cost from 200,000 USD to 400,000 USD. The Government of St. Kitts and Nevis has introduced extensive legislation to attract financial services business to the island. A citizenship-by-investment program has also been in operation since 1984, allowing foreign investors to acquire citizenship under certain conditions. This makes it the oldest existing citizenship-by-investment program and the most reputable in existence. The St. Kitts and Nevis passport is highly regarded, as only relatively few passports have been issued under this program.

  • Applicants can now make a donation of $100,000 the islands’ National Development Fund for a family of four (which is down from $125,000), plus a real estate investment of $200,000.
  • You’d still be required to report your worldwide income less the foreign earned income exclusion of $95k (or whatever it is that year- it goes up for inflation).
  • IMF reported citizenship sales brought St Kitts and Nevis inflows upto 25% of GDP.
  • St. Kitts & Nevis is an ideal place for conducting business because of the high literacy rate (98%), the high levels of broadband access, the use of English as an official language, and the low taxes.

In case you will choose real estate, our specialists will help you find a property that would suit your requirements. If you decide to invest in a second passport, St Kitts and Nevis citizenship from a small Caribbean state can be your best option. This is the oldest citizenship by investment program that since mid-1980s has been attracting foreign investors, businessmen and entrepreneurs from around the world and offering them passport in return for their investment. Once an individual’s application for citizenship by investment is approved, an economic citizen can apply for a passport at the Passport Office. Hence, the minimum investment was changed from USD350,000 to USD400,000 which also has taken effect.

Cbi Countries

The stay must be continuous in that country, and the person must not have resided in any other country in between. A good and efficient citizenship by residency programme would be one that would grant people citizenship in a short span of time and would involve lesser formalities. Popular countries that offer citizenship by residency programmes include Argentina, Dominican Republic, Canada, and Brazil among others.

st kitts and Nevis citizenship

St. Kitts and Nevis has 54’000 inhabitants making it the smallest Citizenship by Investment country. From St Kitts you have direct flight connections to London, Miami and Toronto. Since 1984 the government has issued more than 10’000 citizenships to economic citizens. Mr Less Khan, the new CEO of the Citizenship by Investment Unit, is responsible to maintain a very high standard with the background checks. He is increasing the quality of the St. Kitts and Nevis Citizenship. The St. Kitts and Nevis citizenship by Investment Program is the most solid program among the 5 existing programs.

The St. Kitts and Nevis Citizenship by Investment program is renowned for being the oldest and one of the most well-established and respectable in the world for foreign, high-net-worth individuals seeking a second citizenship. To process your passport renewal application for St. Kitts & Nevis we kindly ask you to get in touch with our office. We will take care of your complete passport application and lodge it with the passport office in St. Kitts.

st kitts and Nevis citizenship

The application is processed in three to four months and a decision is made within 60 days. The island nation enjoys a high Human Development Index of 0.778 and ranks 72nd in the Human Development Indicator list. A significant portion of the economy of this island nation is dependent upon tourism.

The Freedom Of Being An Economic Citizen

The improving fortunes and increasing value of the St. Kitts and Nevis passport is clearly showcased on the global passport index. Right now, it is ranked 20th worldwide and has a score of 137, with visa free travel to 103 countries. On top of that, passport holders also get to enjoy visa on arrival in 34 nations, meaning that you shouldn’t think of this passport as just for one country, but across countries from all throughout the world. There’s no more significant example of this than the unrestricted travel to any EU Nation, including the likes of Switzerland and Ireland, meaning the benefits can be extremely lucrative.

The secluded and exclusive mountain retreat is ideally located moments away from the local nature trails and wild life habitat. It would be marketed as the most exclusive villa development and health retreat in the Federation of St. Kitts work permit turkey and Nevis. The elevation of the development affords constant cooling mountain breezes along with spectacular vistas of the mountain, the sea, historic Saddle Hill and the neighborhood islands of Antigua, Montserrat and Redonda.

In many ways a second citizenship offers peace of mind and increased freedom in numerous aspects of life, from travel, to business and personal finances. There are merits and drawbacks from each side of the coin of the Nevis passport through investments. The first consideration is the duration it takes for each option to be complete. Give your donation, properly submit your papers for application and in 3 to 6 months your passport will be ready. There is the time you will take to find an agency, choose the industry you want to invest in, settle for a property. Be prepared to wait for a few more months than it would be with a donation.

st kitts and Nevis citizenship

I have a British passport by birth and a Canadian passport from my father, and the primary irritation they cause me is that they require different-sized photographs when I need to renew them. They will take me, visa-free, to 159 and 158 countries respectively and I pass border posts with a minimum of friction. For the citizens of poor countries, people such as Kamal Shehada, no matter how rich they are, things are very different.

The investment in the Sugar Industry Diversification Foundation amounts to 250’000 USD for the main applicant. 300’000 USD for a family with 3 family members and 25’000 USD for any additional family member. 4000 USD for the due diligence on each family member over 16 years. St Kitts and Nevis passport will allow you visa free travel to 141 countries including EU countries and Russia.

st kitts and Nevis citizenship

A visit to the island during and after the citizenship obtaining process isn’t required. An investment of at least $200,000 in a real estate project officially approved by the government. Additional government fees and processing fees are payable for all the programs. We we work closely with our bank partners in St Kitts & Nevis to assist you in getting funding for your second passport. Obtaining a St Kitts and Nevis citizenship by investment loan with advantageous conditions makes this lifestyle option very attractive to many different kinds of individuals from across the world.

He has personally lived this lifestyle for over a decade, and now works with seven- and eight-figure entrepreneurs and investors who want to “go where they’re treated best”. The different investment options such as donation and real estate both have benefits and drawbacks, but it is important to compare which options work best for your individual situation. St. Kitts and Nevis does not report or publish any data in relation to its CBI program participants. So, you don’t need to worry about losing your first passport if the country of your first citizenship doesn’t allow dual citizenship. Also, if you prefer to keep your second passport under wraps, St. Kitts will ensure that this is the case. That may be enough of a justification for others to choose the real estate option, but it’s also important to note that each approved property has differing investment costs.

st kitts and Nevis citizenship

Visa-free travel to 122+ countries with dual citizenship, no physical stay required. Visa-free travel to 130 countries with dual citizenship, no physical stay required. Visa-free travel to 140+ countries with dual citizenship, no physical stay required. Our Mr. Adrian E. Scantlebury is authorised under theSaint Christopher and Nevis Citizenship by Investment Regulations, 2011to act on behalf of applicants in relation to a citizenship by investment application. Mr. Scantlebury has attended several internationally recognised Citizenship by Investment conferences both as a guest speaker and consultant.

The program has no residency requirement or requirement to visit St Kitts & Nevis. To qualify for this route, applicants must make a significant financial contribution to the country’s economy. St Kitts & Nevis – officially known as the Federation of Saint Christopher and Nevis – is the smallest sovereign state in the western hemisphere.

As a leading global corporate and trust service provider established in 1972, GTOS offer our clients more than 45 years’ experience and employ more than 1,200 staff across our network of 68 offices worldwide. We have established in excess of 180,000 companies, foundations and trusts and provide ongoing administration for many of these entities on behalf of our clients. Citizens of St Kitts and Nevis do not need to pay taxes on world income, this is one of the best options for fiscal optimization.

With panoramic ocean views and lush landscapes, the property is among the very limited supply of beachfront land available for sale in St. Kitts. To qualify for the program, the resort offers full ownership of hotel units. Full ownership real estate options range from stand alone cottages to luxury villas, nestled amid tropical fruit and vegetable fields. The office of Prime Minister issues the Certificate of Naturalization.

The documents will be submitted together with the due diligence and Application fees to the government of St. Kitts & Nevis. Our specialized team will work with you to collect, translate and notarize the documents required, while ensuring all documents adhere to St. Kitts & Nevis government’s requirements. St. Kitts and Nevis is heavily dependent upon tourism to drive its economy, a sector which has expanded significantly since the 1970s. In recent years the government has sought to diversify the economy via agriculture, tourism, export-oriented manufacturing, and offshore banking. American writer and former figure skater and triathlete Kathryn Bertine was granted dual citizenship in an attempt to make the 2008 Summer Olympics representing St. Kitts and Nevis in women’s cycling. Her story was chronicled online at ESPN.com as a part of its E-Ticket feature entitled “So You Wanna Be An Olympian?” She ultimately failed to earn the necessary points for Olympic qualification.

This is a true investment – that also comes with a first-class passport. You can also use a self-directed IRA or 401K to buy into this investment. However, be careful as you can’t legally live in the property until you distribute the property from the tax-sheltered plan and pay income tax on the distribution. law firm turkey Saint Kitts & Nevis citizenship also confers very useful travel document. The passport gives you visa-free access to more than 120 countries, including all 27 members of the EU. If you have British ancestry, a St. Kitts & Nevis passport may also entitle you to live and work in the United Kingdom.

st kitts and Nevis citizenship

Holding St Kitts & Nevis citizenship also allows expansion on your business opportunities without being taxed on worldwide income. By making this investment, you can qualify yourself, as well as your spouse, and any minor children under the age of 18 for citizenship. Currently, St Kitts and Nevis is running a Limited Time Offer that will come to an end on 31 December 2021.

st kitts and Nevis citizenship

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