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St Kitts Economic Citizenship

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St Kitts Economic Citizenship

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St Kitts And Nevis Citizenship By Investment Benefits

Age Demographics

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. St Kitts and Nevis has launched new Sustainable Growth fund under the CBI programme, effective from April 1, 2018 which will resume after the expiry of Hurricane Relief Fund. The law firm istanbul Sustainable Growth Fund for a single applicant will require a contribution of US $150,000, inclusive of Government fees. The contribution for a family of up to four will be US $195,000 following incremental steps. St Kitts passport is now the powerful CBI passport in the Caribbean with visa free access to 155 countries and territories, including Russia, UK, Ireland, EU Schengen states.

st kitts citizenship by investment

Citizens also have the right to take up unlimited residence in St. Kitts and Nevis, as well as in most of the other Caribbean Community member countries. Additionally, citizenship is for life and can be passed to future generations by descent. Rental income can be enjoyed tax free, although there is a 10% withholding tax on rental income paid to non-resident individuals or companies. Buyers are strongly advised to retain local legal representation, especially if they are applying for citizenship through a qualifying purchase. Because of the requirement to obtain this license, the purchase process is relatively lengthy and includes an additional 2 – 4 month closing period.

Saint Kitts & Nevis Citizenship

Added to this our warm and friendly people make St. Kitts & Nevis one of the most interesting places in the Caribbean. To qualify for citizenship of St. Kitts and Nevis under this Option, the Government requires a contribution to the Sustainable Growth Fund , established in April 2018. Its main goal is to invest in areas benefiting every citizen and resident of St. Kitts and Nevis. These include health care, education, alternative energy, heritage, infrastructure, tourism and culture, climate change and resilience, and the promotion of indigenous entrepreneurship. The islands are separated by a two-mile (3.2 km) channel known as the “Narrows” across which there is easy travel through excellent daily ferry services that accommodate both persons and cars and private water taxis.

  • A special promotion is being offered until 15 January 2021 wherein a donation of USD 150,000 covers a family of 4.
  • As evidenced by all of the benefits above, there are many reasons why the Saint Kitts and Nevis Citizenship by Investment program is considered one of the most successful programs of its kind.
  • However, tourism is the main economic driver, with tourist arrivals steadily growing since the late seventies.
  • The legal framework of the economic citizenship programme allows for the investor and his/her family to obtain citizenship provided they follow the specified requirements.

Acquiring a citizenship from the Federation gives you and your family the freedom to travel visa-free and conduct business in more than 145 countriesworldwide. All of the government fees associated with work permit turkey the SIDF and SGF options must be wired directly to the Government Escrow accountvia one of the banks listed on form C4. A copy of the wire receipts should then be emailed to High Net Worth Immigration .

Fees And Costs

This is our core business, we do not use intermediaries, and collectively we have over 30 years of experience at guiding clients through this complex process. We follow a careful six-step process, beginning with a signed written agreement for your protection that ensures your Citizenship-by-Investment application will be handled in a confidential, professional, and timely manner. In addition to the processing fees, an additional fee of $500.00 per person will be applicable for the processing of the St. Kitts and Nevis passport for any dependents under the age of 16 years. You must send us the original, completed forms along with their required supporting documents for compliance verification.

st kitts citizenship by investment

Interested persons applying utilizing the AAP will still be required to meet all mandatory criteria and submit the necessary supporting documents to apply for citizenship by investment. A Private Enterprise Developer , where the built or funded asset is privately owned. In this option, the minimum Unit of Investment will be USD 200,000.00 and standard real estate government fees will apply.

Invest In St Kitts & Nevis

Persons can also gain St. Kitts citizenship through the Sugar Industry Diversification Foundation The process of applying for St. Kitts citizenship is easy. Browse the below programs by country to find out more about investment requirements and the benefits of each of the citizenship by investment programs. The SKN CBI programme provides citizens with visa free access to over 156 countries including EU Member States, and the international connectivity of SKN enables our economic citizens to travel with ease. Recently, a European Parliament turkish citizenship Commission highlighted a number of issues ranging from national security risks to tax evasion and called upon countries, especially in the EU, to terminate such golden visa and economic citizenship programs. The efforts of CGC have been very successful in attracting significant inflows of investment to St. Kitts and Nevis. We have encouraged one of our clients to establish an education foundation, Liamuiga Education Foundation, which provides grants for the benefit of St. Kitts & Nevis students interested in pursuing higher education.

st kitts citizenship by investment

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