St Kitts Nevis Citizenship
St Kitts And Nevis Citizenship
St Kitts Nevis passports can be obtained by any individual or family that qualifies under the St Kitts Nevis citizenship program. Other ways by which a St. Kitts Nevis passport can be obtained include birth, marriage and residency. But most importantly, as the platinum standard for economic citizenship, SKN’s CBI programme also prides itself on high safety and security standards.
The citizenship program of Saint Kitts and Nevis holds the strongest credentials for being the oldest citizenship program in the Caribbean. It does not require an applicant to take any language test nor do they need to reside or visit the country. St Kitts and Nevis passport holders can vote, purchase property, hold dual citizenship, as well as live and work in the country. If you decide to contribute to the Sustainable Growth Fund as part of your citizenship application, the minimum amount will be 150,000 dollars for a single applicant.
Second Citizenship And Passports In Just Months
You can get a full list of additional services wight after contacting us. We are here to answer all questions that bother you, including the ones that you don’t want to ask. Moving to St. Kitts and Nevis definitely worth asking as much as you can. The Government of St. Kitts is a parliament democracy within the Commonwealth of Nations. The island is populated by about 35,217 persons and has an estimated population growth rate of 1.3%.
The nation was awarded perfect scores in five of the nine pillars, namely; Ease of Processing, Due Diligence, Citizenship Timeline, Family, and Mandatory Travel or Residence. If you document a new residence in St Kitts based on utility bills, citizenship with the St. Kitts and Nevis real estate passport combined with a new name, you become a totally different person. It was close to impossible for the banks and the authorities to connect the funds to the effective ultimate beneficial owner.
Accelerated Application Processing
A $200,000 investment in real estate with a 2-5% return on investment and at least a three-year holding period. Also, one can sell their real estate under the citizenship program after a holding period of five years. The Caribbean countries law firm istanbul with Citizenship-by-Investment offer people interested in dual citizenship a simple process. Globally, two general principles govern the acquisition of citizenship. Descent from a citizen, and the fact of birth within a state or territory.
The two-island nation of St. Kitts and Nevis is referred to by many as the “platinum” citizenship program in the region. The St Kitts and Nevis citizenship programme requires the investor to make an economic contribution to the country as well as meet certain other requirements. The aim of the citizenship-by-investment programme is to generate foreign investment through capital and real estate investments and in exchange offer investors citizenship and a passport.
Keep in mind you do not need to have any sort of residency in St. Kitts and Nevis prior to applying, nor do you need to travel to the lush Caribbean nation, as it can all be done remotely. We do advise taking a family vacation there through, the country has some of the most amazing natural scenery in the world. Under this new option, an applicant can place an investment in the escrow account of an approved infrastructural project or other approved development project. The programme offers immediate permanent residency followed by the option of citizenship post a residency of 7 years. The Spice Island is widely regarded as one of the Caribbean’s friendliest and most beautiful island nations. A Grenadian passport gives you visa-free and visa-on arrival rights to around 145 destinations.
Finally, keep in mind that this is the longer of the two processes due to the extra steps required to finalize and purchase a property. This means that you are really only saving yourself from a portion of the donation amount compared to the direct donation option. $195,000, as adding a spouse adds $25,000 to the total bill, and adding more dependents tacks on $10,000 for each. In 2017, Hurricanes Irma and Maria struck the Caribbean nation of St. Kitts and Nevis. The two-island nation was devastated by the hurricane, suffering severe damage to infrastructure and other key areas, such as schools, agriculture, main roads, police stations, and the fire department.
This untouched nature and beauty have earned St Kitts & Nevi the title of being one of the top tourist destinations in the world. 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. The St Kitts & Nevis Citizenship by Investment Programme was established in 1984, which makes it the oldest citizenship by investment programme in the world. The St Kitts & Nevis passport has an excellent reputation and offers very good visa free travel.
To obtain citizenship, investors make a non-refundable contribution to the state fund of $150,000 or buy real estate for $200,000+. The real estate option is more profitable as the capital invested can be recouped in 5–7 years. For Indian investors, particularly those that want to conduct business overseas efficiently, citizenship can be a challenge to seizing opportunities in a time-effective manner.
Certain projects will even give you cash back on your real estate contribution – for instance, you come up with the $400,000 and they then return $200,000 to you as you can strip equity on the property. You can also apply for your children aged that are enrolled full-time in a university, as well as adult dependent children or parents. They will only be released if your application for citizenship is approved.
We are ready to offer expert advice and support during this unprecedented time and are committed to being there for our clients when you need us most. In addition, as reported earlier, a number of advertisements have been appearing on social media in the Middle East offering St. Kitts and Nevis citizenship at investment amounts substantially below the legally mandated minimums. St. Kitts and Nevis recognizes Dual Citizenship and does not require people to renounce their current citizenship. It also represents a huge business opportunity having signed a Free Trade agreement with Canada, therefore no taxes are paid for goods manufactured in the island and exported to the Canadian market.
Aside from its obvious benefits compared to many other programs, it also gives you peace of mind in that you know exactly what you are getting and can expect uncompromised delivery and expertise. The second way to qualify for citizenship is to invest in a pre-approved real-estate with a minimum value of USD 200,000. It is clearly more expensive than the donation route, but the plus side is that you have the opportunity to recoup part or all of your initial investment.
We will select a country and status that will solve your problems, we will accompany the whole process. Citizens by investment have the right to register a company in St Kitts and Nevis. For example, payments can be made without worrying about foreign exchange control regulations. When registering a company, the beneficial owner’s data is not entered in the commercial register.
A full portfolio of available properties will be supplied by the property developer. We provide you with all the necessary forms and a full list of Saint Kitts citizenship program requirements to complete the application. We will assist you with putting the necessary documents together for St Kitts citizenship. Once you have obtained St Kitts citizenship, we will begin the St Kitts passport application.
Thanks to the flexible and reactive management alongside an extended limited time offer, the CBI programme has actually seen increased interest during the pandemic. It can be equally fast as the SIDF option, Turkish staying permit but can also be considerably longer. The real estate cannot be re-sold until 5 years after the purchase, but since introducing new regulations in 2012, the next buyer may also qualify for citizenship.
It is a fast developing nation with great opportunity for investors in prime real estate development. The Citizenship by Investment Program in St. Kitts and Nevis was established in 1984, to encourage foreign investment in the country. St. Kitts’s economy was once driven by its sugar monoculture, but the government shut down this operation 2005 due to its unprofitability. The country’s economy now relies on the fast growing sectors of real estate development and tourism, manufacturing and non-sugar agriculture. The St. Kitts citizenship by invest program is just one of two ways in which an applicant can gain citizenship on the of the island nation of St. Kitts.
Many people who have done Saint Kitts & Nevis citizenship by investment program are now having children and wish to pass on their citizenship through descent. The total cost consists of the investment, and other fees related to processing the application. These fees will depend on your choice of citizenship, either through the contribution to the Sugar Industry Diversification Fund or the real estate investment option. The individual applicants and their additional family members will naturally increase the investment structure. Now we’ve talked about the many benefits of the scheme, it’s time to discuss the actual application process.
XIPHIAS Immigration helps you and guide you in every way to fulfill your dreams to settle in St Kitts & Nevis. We have all the expertise to prepare your application and advice you before and after you come to St Kitts & Nevis on how to accomplish the conditions put forth by the St Kitts & Nevis Authorities. Now is the time to take advantage of great life style in St Kitts & Nevis. The OISC only regulates immigration advice and services provided in relation to all application for UK Visas and Immigration only. As we are a global immigration and emigration lawfirm it is vital for all our clients to understand that the OISC does not regulate any immigration advice given for any Visa which is not for the UK to clients present inside UK.
It also features the lowest application and processing fees of all five programmes as well. The first investment option includes a non-refundable donation to the SGF starting at USD$ 100,000. The amount will increase according to the number of dependents included within the same application. The SGF is a government fund focusing on supporting socio-economic initiatives such as education, health, infrastructure, and climate change. Saint Kitts & Nevis is currently offering a reduced offer of just USD$ 150,000 (regular USD$ 195,000) for a family of 4, valid until 31 December 2021. Investing in government-approved real estate projects in the tourism sector is the second investment option.
Qualified investment by the government is the only eligible for successful application. The minimum investment is $150,000 for a single applicant, in addition to Government Fees, Administrative Fees, and Due Diligence Fees. It determines whether St Kitts and Nevis will approve an investor’s citizenship application. St Kitts and Nevis government fund is used for health, alternative energy, education, tourism and cultural activities in the country.
- It will enable you to buy property and open bank accounts here without the passport of your country.
- 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.
- The whole family including spouse, children, and parent can apply for citizenship and can transfer the citizenship to descendants.
- In this article, we will cover everything you need to know about the St. Kitts and Nevis’ citizenship by investment program, including a step-by-step guide on how to buy your citizenship in this Caribbean paradise.
- After signing the contract at the office of the company or remotely, the preparation of the necessary paperwork and filling out the submission form begins.