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St Kitts And Nevis The Oldest Second Passport Program

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The Federation of St Kitts and Nevis Citizenship by Investment Program was founded in 1984 and are the world’s oldest program. It is globally recognized and respected and has its legal foundations in the Constitution of the Country, Saint Christopher turkish citizenship by investment and Nevis Citizenship Act, No. 1 of 1984 and supporting Regulations. Through St Kitts and Nevis dual citizenship program, the government focuses on enabling fluent direct foreign investment into real estate endeavours and funds for national growth.

Nevisian passport holders do however require a visa to enter about 72 destinations in the world. Some countries where a visa is required are work permit turkey China, the United States and Australia. It is quite obvious that St. Kitts and Nevis allows dual citizenship, even multiple citizenships.

Lowering Taxes With Tax

For a family of up to three members, the required contribution is USD 300,000. The necessary government donation or real estate investment is to be made as per the program requirements. The laws and regulations relating to St Kitts and Nevis citizenship by investment program are listed in Part II, Section 3 of the Citizenship Act, 1984, and the Citizenship by Investment Regulations, 2011. These provisions, along Turkish resident permit with ensuing amendments, have enabled the government to grant St Kitts and Nevis citizenship and second passport to investors who qualify under the set criterions. St. Kitts and Nevis citizens who wish to live and work in another CARICOM States must get a CSME Skills Certificate. The certificate must be shown at Immigration in the receiving country along with a valid passport and a police certificate.

For a family of four or more; with a contribution to the SGF of $150,000.USD + government, bank, passport and due diligence fees, the minimum investment is $164,347.USD. For a family of four or more; with a minimum property purchase of $220,000.USD + government, passport and due diligence fees, the minimum investment is $289,535.USD. St. Kitts and Nevis are an English-speaking nation with a federal constitutional monarchy, headed by the Queen of the United Kingdom. With one of the best taxation systems of the world, there is no personal income, net income or foreign income taxes. There are also no inheritance taxes or taxes on gifts, and property taxes in the country are minimal. The corporate tax rate is 35% with tax reduction available for up to 15 years.

Grenada Economic Citizenship Program

Nothing contained on the Website shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction. We have compiled a list featuring most of the approved private health facilities based on the cost of the COVID-19 PCR tests and result time available in Qatar. Initially, the attorney general’s case against Douglas was on the premise of citizenship, which a letter from the ministry of foreign affairs in Dominica has debunked. Iratex Passport & Visa Service is a registered expediter with the US Department of State Passport Office. We are not responsible for delays beyond our control (i.e., government denial, power outages, acts of war, overnight mail delays, etc.) Iratex is not responsible for loss from any mail or overnight mail carrier.

The latest 2021 independent Henley & Partners Passport Index found that St. Kitts and Nevis’ passport has moved up one place in the global rankings since 2020 with the world’s 24th most powerful passport out of 199 countries. Temporary residence of Montenegro can be acquired on grounds of employment, education and international students’ exchange, medical treatments, family reunion and other. Citizenship by investment is becoming increasingly popular across the globe. The concept is not only embraced by investors, but also amongst governments. And the range of options for investors is becoming increasingly large as well.

Everything You Need To Know About St Kitts & Nevis Citizenship By Investment For 2020

Second citizenship through the St Kitts Economic Citizenship Program will no longer be possible by donating to the country’s Hurricane Relief Fund , which was temporarily available in 2017 and 2018. The Malta Individual Investor Program has reached its cap of 1800 applicants and is now officially closed. The country will be launching a new economic citizenship program in a few months but the exact investment criteria has not yet been announced. Bulgaria has updated the investment requirements of their economic citizenship program.

PassPro Immigration Services is a government authorized citizenship by investment agency based in Dubai. The St Kitts and Nevis Economic Citizenship Program has introduced a temporary financial contribution option to assist with repairs to the country’s infrastructure after the most recent hurricane season. The minimum donation amounts required to obtain second citizenship in St Kitts and Nevis are up to 50% lower for the Hurricane Relief Fund compared to the St Kitts Sugar Industry Diversification Foundation . Investment immigration to Canada through the Quebec Immigrant Investor Program is no longer possible after the Government announced a temporary suspension of the program until at least July 2020. The Quebec Investor Program is one of the most popular residency by investment schemes in the world and has been operating since the 1986. Successful QIIP candidates could eventually qualify for Canadian citizenship , and many investors are hoping the program will eventually relaunch.

Need A Second Passport? St Kitts & Nevis Citizenship By Investment Program

The country is a participating member of numerous global organizations such as the CARICOM, OAS, UN, and the OECS. The real estate option has a minimum investment prerequisite of $400.000, which has to be invested in a qualifying real estate project. Sundry extras for legal work and due diligence will come on top of the original fee. The fee to be paid to the government of St Kitts for this second citizenship program includes a registration fee of US$50,000 for single candidate and each dependent over 18.

We strongly recommend travelers obtainsupplemental insuranceto cover medical evacuation. Read the Department of State’sCOVID-19 pagebefore you plan any international travel. To offer insurance against political, economic or fiscal change in the individual’s country of origin. The St Kitts & Nevis Government has announced that as part of an island stimulus package, applicants to the St Kitts & Nevis Citizenship by Investment Programme can enjoy a temporary cost saving until 31 December 2021. Malta has several different residence schemes, each offering the opportunity to move to Malta and some providing the option to gain Maltese citizenship. As countries are continually negotiating travel agreements, the visa-free countries list for St. Kitts and Nevis is evolving all the time.

This is because the governments in this Caribbean country are known to take everyone who wants to immigrate strictly. Thus, if you’re intending to reside and work in St Kitts and Nevis, it’s imperative that you follow through with your immigration paperwork meticulously. Second, the investment amount is half that of competitors like Bulgaria. Bulgaria requires an investment of about $1.2 million and you will wait 1 year to get your passport.