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St Kitts And Nevis Citizenship And Passport

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St Kitts And Nevis Citizenship And Passport


Citizenship By Investment St Kitts And Nevis

St Kitts And Nevis Tax System Overview

Our programme has long established international interest from across the world and in recent months we have also seen particular growth in new markets as well, including in Africa and the Gulf. The St. Kitts and Nevis Citizenship by Investment programme is the world’s platinum standard for economic citizenship. The programme is the oldest and most established in the world and has been offering citizenship to reputable individuals through a robust and efficient due diligence process since 1984. Savory & Partners will pre-screen your passport copy for government pre-approval.

st kitts citizenship

The team of experienced, professional and dedicated consultants at Citizenship Bay will assess and pre-screen your documentation and portfolio to ensure that you apply for the program that best matches your interests. To us, it of utmost importance to ensure that your residency gets approved through a legal, accredited and Government approved program that offers outstanding financial gains and increased mobility. While tourism and agriculture have always been the main industries in this island state, the St Kitts Citizenship by Investment program founded in 1984 has also become another pillar in the economy in recent years. The St. Kitts and Nevis citizenship by investment program, similarly to other Caribbean countries’ passport programs, claims the average time to process citizenship takes approximately three months when you elect for a donation. The St.Kitts & Nevis Citizenship by Investment Program is the longest established Caribbean Citizenship by Investment Program and has been in operation since 1984.

St Kitts & Nevis Law Firm

Returning to the standard procedure would not affect the period of participation in the programme in any way. Under the simplified procedure, the department started reviewing the application earlier but still had to send in the originals before the investor was approved. The programme department only starts processing the application once it has received the original documents. Non-requirement of physical visitation to of physical residency during the application process. To crown it all, the country’s CBI program ensures that new citizens can easily obtain citizenship in just 60 days.

But before you renounce your citizenship, you should look at alternative tax reduction strategies. The US tax code offers a lot of opportunities to legally reduce your tax liability without resorting to renunciation. So if you are a very high-income earner and want to drastically lower your taxes, citizenship by investment could certainly make financial sense for you. law firm istanbul Another option to explore is to obtain residency in a foreign country. Some countries offer passports that allow visa-free travel to a few dozen countries, which excludes North America, Europe, Australia, etc. Depending on the country, the investment amount can vary from just over $100,000 to over $2.5 million , plus applicable processing and due diligence fees.

Additional Information And To Apply

If applicant has a criminal record, a tainted reputation or unable to pass the due diligence clearance, the Government may reject the citizenship application. Sometimes, in very rare cases, the Govt refuse citing national security or false information presented in the citizenship application. St Kitts passport has visa free travel to 151 countries in the world. The St Kitts passport ranks 26th powerful passport in the world in 2018 according to HPI.

The process to obtain the citizenship of St. Kitts and Nevis is expected to take up to 5 months following the submission of applications to the authorities. The programme is contained in Part II of Section 3 of the Citizenship Act, of 1984 and under its provisions the government operates the programme under which citizenship is granted to persons who qualify under the set criteria. In 2011, the Regulations currently Turkish staying permit in force were introduced , and are under the authority of The Citizenship by Investment Unit . Complete all the application forms and necessary documents as provided by your authorized agent. Make sure all the documents are legalized according to St. Kitts and Nevis’ standards . The applicant must personally complete all necessary government documents, which are only available through an authorized service provider.

“It falls into the category of selling, or making available for investment, part of a country’s sovereignty. Some countries made a very good business out of creating beautiful stamps for investors. He was comparing his trade to philately or, more accurately perhaps, to the provision of philatelic solutions. Kälin is Swiss, you see, and he was doing his best to make an extraordinary thing sound dull. To be able to apply for this program you should be at least 18 years of age, in good health, and without a criminal record. Investment immigration guidelines vary across different countries and programs.

st kitts citizenship

Capital gains tax of 20% is imposed only on profits derived from transactions with assets located in Saint Kitts and Nevis less than 1 year from the date of acquisition. For SIDF investors, a deposit application form and a copy of the escrow agreement are required. Police clearance certificates of the country in which the applicant and his family live. Six standard color passport photographs taken no earlier than six months prior to application. It is important to take into account the fact that the purchase of land will not be considered an investment.

Like the first option, the applicant and any family members need to shoulder the fees for processing and due diligence. Being one of the most trusted and successful programs in the world, St Kitts and Nevis Citizenship Program offers fast-track routes to acquiring a second passport in 2-3 months. The passport of St. Kitts and Nevis grants visa-free access to over 156 countries, including the European Union countries and the United Kingdom. St Kitts and Nevis Citizenship Program investment options start from $150,000. Dependent children under 25 years and dependent parents and grandparents over 55 years can apply for passports.

St. Kitts and Nevis has a lower over tax rate than many jurisdictions, and Expatriates are not required to show proficiency in any foreign languages. The donation that you make towards the SIDF option includes the government registration fee. You are responsible for paying due diligence fees, agent’s fee and other processing fees for the St. Kitts citizenship application. The island authorities do not impose income taxes within the state or abroad if foreign nationals are residents of the state. Moreover, St Kitts and Nevis has zero rates of capital gains, gift and inheritance taxes. However, keep in mind that all the benefits listed above are available to tax residents, i.e. investors who have spent enough time on these islands to be considered as a taxpayer.

Frequently Asked Questions About The St Kitts And Nevis Passport

Our process gives you the benefit of a second passport that allows visa-free travel to more than 155 destinations around the world and aligns with the United Nations’ Sustainable Development Goals. All applicants and permitted dependents staying permit turkey are required to pay due diligence and processing fees. The application form for citizenship by investment can only be obtained through and submitted to the Citizen by Investment Unit by an authorised agent or person.

st kitts citizenship

Their passport is not as powerful, though, so there is a trade-off. Malta, for example, requires applicants to make a sizable donation, buy government bonds, purchase or rent a home, and live in the country for at least a year to establish a genuine link to the country. We have a full-time real estate person on our team who speaks Turkish and she finds the best deals on properties in the country that will qualify you for citizenship. If you can travel to Russia with your new passport and expand your business there, consider that $100,000 as an investment in your business. The most conventional way to qualify for citizenship is to simply make a donation. Donation amounts start at $100,000 in several Caribbean countries and go all the way up to €650,000 for Malta.

Benefits Of St Kitts And Nevis Passport

St. Kitts and Nevis has a below-average cost of living compared to English-speaking countries. The average salary in St. Kitts and Nevis is approximately US $ 30,000 per year, meaning you could live comfortably in the Caribbean nation with an income rivaling that amount. If you would like to know more about the program by getting an individual consultation from a seasoned St. Kitts and Nevis citizenship expert contact us today and begin your journey of becoming a global citizen.

Benefits of citizenship of St Kitts & Nevis include freedom from direct taxation and enhanced mobility with a powerful passport that facilitates visa-free or visa-on-arrival travel to over 150 countries and territories worldwide. Brimming with charm, idyllic beaches and beautiful property for sale, the laid back dual island nation of St Kitts & Nevis is one of the Caribbean’s gems. If you are currently considering investing in real estate in St Kitts & Nevis but you are wondering “where are the best places to buy property in St Kitts & Nevis? ” or “how do I go about owning property in St Kitts & Nevis as a foreign buyer” then this guide is for you.

st kitts citizenship

No limits exist for the number of dependants that can be included on the application. It is not normally a requirement for applicants to travel to St Kitts and Nevis. In exceptional cases, applicants may be required to attend an interview in St Kitts and Nevis as part of the application process.

For investors, condos and homes run at the average cost of about $575,000, but rental yield is quite low at 5.11%. Education in St. Kitts and Nevis is free and compulsory from ages 5 to 12. Despite 12 being a young age for children to be allowed to quit school, the country still has a 91% high school enrollment rate.

st kitts citizenship

Note that the police certificates must not be more than six months old when you filed your citizenship application. For the purposes of obtaining citizenship, only a business such as a hotel is suitable. You can buy a business, but the market of the Federation of Saint Kitts and Nevis is quite narrow, and without having lived for some time on the islands, it will be difficult to assess the liquidity of a business. If the real estate is sold after 5 years, the passport will not be canceled, but as mentioned above, the option of investing in the Fund, and not in real estate is more recommended.

st kitts citizenship

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