St Kitts & Nevis Citizenship By Investment & Passport
Where Is St Kitts And Nevis?
In this new world of deglobalization a well-accepted second passport with visa free access to relevant countries worldwide is essential. Due diligence must be done for all persons over the age of sixteen. The fees structure for duediligence checks is US$7,500 for the main applicant and US$4,000 for each other person. law firm istanbul And while there’s no residency waiting period, it takes these governments a little time to process your application. In other words, don’t expect to receive your second passport within a week. However, you can also qualify by investing in a local enterprise, government bonds, or a real estate or venture capital fund.
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. Perhaps this is why St. Kitts & Nevis remains one of the most popular in the world. 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. Only villas and condominium units from an Government approved real estate developers will qualify for citizenship.
Why Choose St Kitts & Nevis Citizenship By Investment Program?
You can include your spouse, dependent children and parents in your application. As a citizen of St. Kitts and Nevis you will be exempted from income tax, capital gains tax, inheritance tax and gift tax. You will also benefit from tax-free trade with Canada and duty-free trade within the Caribbean. As a citizen of St. Kitts and Nevis, you can travel to 155+ countries visa free which includes the UK, Schengen states, Hong Kong and Singapore. For high-net-worth investors, the United States Immigrant Investor Program EB-5 visa can be an excellent means of obtaining US conditional resident status, known as a green card, leading to a US passport.
There is very little daily variation and temperatures range between 70- and 85°F – the average is around 80°F. The moderate temperatures are the main draw for Caribbean real estate investors and snowbirds. Temperatures also vary with altitude, and higher elevations have cooler temperatures.
Other Requirements And Fees
The south of the island is more developed and is best place to enjoy the island’s beaches. We are committed to helping you find just the right property, whether it be a luxury villa, vacation home, condo or land to build your dream home. In conclusion the St Kitts and Nevis CBI Golden Visa is a very versatile and cost-effective option.
But beginning in 1984, various countries around the world have introduced another path toward citizenship – the second half of our breakdown – investment. Every passport varies in its strength and desirability, just as the rights and responsibilities of each citizenship will differ to some degree depending on the country. Because of this, a nation’s passport has become one of the most powerful benefits it can offer in return for each citizen’s contributions to society.
St Kitts and Nevis’ pleasant tropical climate, turquoise waters, and sugar-soft beaches make the two islands a fashionable tourism destination, and a true earthly paradise. The country is also one of the most eco-friendly places on earth, with Nevis expected to be run by geothermal energy in a matter of years. 4 bedroom villas for sale in St Kitts located at Sanctuary Lane, the newest real estate offering at prestigious Christophe Harbour. Or, are you considering building the home of your dreams on the island?
St. Kitts and Nevis citizens can travel to approximately 160 countries visa-free or with a visa-on-arrival. They can also add dependants and pass down their citizenship for generations to come. Find a qualified agent to help you choose the best real estate option.
The purchase of real estate with a minimum value of USD 200,000 or USD 400,000 from an approved real estate development. Unquestionably very powerful, the St Kitts passport offers great worldwide mobility and ranks 26th according to the Passport Index. This Caribbean passport allows visa-free access to 156 countries including all the European countries, the United Kingdom, Singapore, and Hong Kong.
Via SGF, your contribution is made directly to a government-held fund, with the Citizenship by Investment Unit being able to check receipt immediately and speed up the application process. Savory & Partners professional fees, official application forms, certification of citizenship and passport, courier & other disbursements are the only other costs associated. The St Kitts and Nevis Citizenship program is based on the statute which means the granted citizenship may not be revoked no matter of changes in the governmental executives or policy.
Ceo Of St Kitts And Nevis’ Citizenship By Investment Unit Notes
Yes, if the applicant has a criminal record, a bad reputation, or is unable to scale through the due diligence clearance, the Government may decide to decline the citizenship application. Bear in mind that in some rare cases, the Government may refuse the application on the grounds of national security or false information presented on the citizenship application. Taking into account the combination of all these factors, the majority of clients for obtaining citizenship of Saint Kitts and Nevis choose the option of donating money to the Fund for Sustainable Development. Before sending an application for a second citizenship, the investor must conclude an agreement with the developer and transfer to his account a first installment of at least 10% of the total value of the property.
Over the past number of years, the government of Saint Kitts and Nevis has been successfully working on expanding its list of Visa-free countries. St. Kitts real estate and Nevis real estate alien land-holding licence is 10% of the gross purchase price . Properties in Frigate Bay and the following designated areas are exempt from this licence.
St Kitts And Nevis Citizenship By Real Estate Investment: All You Need To Know
You can obtain St. Kitts and Nevis citizenship in as little as 4 months or use the accelerated application process service to get an approval in 60 days. Citizenship by investment program in St. Kitts and Nevis is very well regarded and is considered to have an excellent reputation. Where once citizenship was limited to countries that individuals had a connection to, it has become increasingly common to invest in a country’s economy in exchange for citizenship. On April 6, 2021, Cabinet announced new investment option to qualify for citizenship.
For reference, the world’s worst passports provide visa-free access to 60 countries or fewer. Passport holders from Afghanistan, Cuba, Iran, Myanmar, and North Korea are ineligible for citizenship by investment program in Saint Kitts & Nevis, unless the applicant is a permanent resident of the UK, the US, or Canada. St. Kitts and Nevis’ program has been around the longest of any citizenship by investment programs in the world, so it has a proven track record. You have to make your investment in qualifying real estate properties or projects though registered real estate agents.
The government sets out a list of approved St Kitts real estate for sale that will qualify you for the program. There are plenty of options to choose from, some which come with a nifty ROI to boot. Real estate has always been a fan favorite of savvy investors, and the nation of St. Kitts & Nevis considered this preference and added a real estate option in the mold of St. Kitts real estate citizenship.
After a 35 year-long history of leading the field of economic citizenships, St. Kitts’ program has earned a stellar reputation. Although St. Lucia is now a close second,Antigua and Barbuda’s passport is still the best value for families compared to all other options. Recently, the country made it even cheaper for larger families to qualify for passports. Antigua and Barbuda ranks as number 76 out of 198 passports in our passport ranking. A single applicant will pay $287,500 and hold the bonds for five years. That means there’s a possibility to recoup some of the money after the holding period is over.
These provisions, along 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. This means that the authorized person is able to act on your behalf in all matters related to the application, including serving as the main point of contact. The St Kitts and Nevis citizenship program also applies to the applicant’s family members, including dependent children Turkish citizenship 250.000 USD under the age of 30 and dependent parents or grandparents over 55. St Kitts and Nevis Citizenship by Investment Program gives qualifying investors the opportunity to obtain dual citizenship and tax-free worldwide income in the beautiful twin-island nation. The St. Kitts and Nevis Citizenship by Investment Program gives qualifying investors the opportunity to obtain dual citizenship and tax-free worldwide income in the beautiful twin-island nation.
The cost of due diligence is US$7,500 for the main candidate and US$4,000 for each person over 16. TheMalta Naturalisation for Exceptional Services by Direct Investmentregulation provides the applicant with Malta residency and citizenship for an investment in the amount of EUR 600,000 or EUR 750,000 . Additional are a philanthropic donation, a property purchase or rental, and fees. For applicants who are only seeking Malta residency or Schengen travel benefits, options start at an annual recurring expense of EUR 15,000 plus property and fees.