Saint Kitts Citizenship
How The Application Process Works
The two islands country, once mostly a sugar farming area, transformed itself into a safe and desirable tourist, and now citizenship, destination. St Kitts and Nevis with its sunny and sandy beaches, good health care, low crime rate as well as good national infrastructure, has turned into one of the fastest growing economies in the Caribbean. Most of the non-resident legal entities pay tax on profits, that have been received within the state. Resident legal entities, companies that are officially registered in St. Kitts and managed by local directors, have to pay tax on the income received all over the world.
- Under the real estate option, the time frame may vary depending on the development, so it is important to choose a real estate project that complements the citizenship application efficiently.
- Like the rest of the world, the pandemic affected several industries in St. Kitts and Nevis which in turn impacted the economy.
- The nation is a popular tax haven, so you’ll be able to save a large amount of your income here.
- This Caribbean country is ideal for relaxation, with a pleasant climate, beautiful nature and numerous beaches.
There is no requirement to travel to St Kitts & Nevis and there are no annual residency rules to maintain the passport. The islands of St. Kitts and Nevis are also becoming increasingly popular among tourists. The local government has been using foreign investment and infrastructure wisely. It is for this reason that the country has been transformed into a modern, comfortable place which offers a high standard of living. We work with many government approved real estate developers in Saint Kitts and Nevis for apartments, luxury villas, hotels and condominiums.
Your 5 Steps To St Kitts And Nevis Passport
The typical timeframe is 2-3 months and once the application is approved, applicants can proceed with their chosen investment and acquire their St Kitts and Nevis passport. 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. The government offers an accelerated St Kitts and Nevis citizenship application process, which reduces the processing period to 60 days or less – making it the fastest programme in the Caribbean.
Think of citizenship by investment as your shortcut to a second passport. This record of designing, implementing, operating, and positioning citizenship by investment programs on behalf of governments is unique to Henley & Partners. It is an important and distinct advantage that all our clients enjoy. St. Kitts and Nevis St. Kitts and Nevis has one of the strongest passports among all the Caribbean citizenship programs.
Question 2: How Has Coronavirus Pandemic Affected The St Kitts Citizenship By Investment Program?
For example, although these programs are collectively referred to as “investments,” in many cases, you won’t actually get your investment amount back. You’ll find everything you need to know in this article– whether you are looking for the best, the cheapest, a European or a Caribbean citizenship and passport. After reading this article you’ll know whether purchasing a passport is right for you, which program is best for your personal situation, and how to ensure that you don’t get scammed.
You can still go this route, depending on the project you choose to invest in. In this case, you are allowed to sell the property after five years instead of seven. The first option to buy a St. Kitts and Nevis Citizenship by Investment is by making a donation to the Sustainable Growth Fund . work permit turkey In any case, budget at least $10,000 in additional fees for the service provider doing the work. So, should you decide to move there full-time, you will owe no income taxes to the island. Even though you are not required to spend any time in the St. Kitts you might want to enjoy its beauty.
What Is Citizenship By Investment?
The object must receive approval from the government of the country. In addition, it is necessary to transfer a deposit, the amount of which is 10% of the value of the purchased object. The investor makes full payment after receiving the consent of the state to satisfy the applicant’s request for citizenship. Money should be transferred only to accounts owned by the government. Visa-free and visa-on-arrival travel to 130 countries including Russia, the UK and all other members of the EU.
Due diligence is carried out for adults applying to the program at the cost of US$7,500 for the main applicant and US$4,000 for each person over 16. There is no fixed rate for this since cases differ from one to Turkish staying permit the next. Applicants can qualify for residency in Anguilla under the real estate investment option. This requires a minimum investment of $750,000 which will qualify up to four family members for residency.
St. Kitts is the larger of the two Caribbean islands that comprise the nation of Saint Kitts and Nevis. St. Kitts and Nevis rank among the most beautiful of the Caribbean Islands, and offer a wide range of outdoor activities. The tall, volcanic mountains and lush forests are perfect for hiking and the inviting blue waters for swimming, sailing, fishing, and diving. The best white sand beaches on Saint Kitts are on the southern end.
If you’re not part of the “lucky bloodline club” , or you can’t spend a few years in a new country , and if donating $150,000+ won’t break the bank, then you may want to consider economic citizenship in St. Kitts. Other factors – which we cover in this article on how to determine if citizenship by investment is right for you – are also important. You can get more details on Antigua and Barbuda’s official citizenship by investment website. Antigua’s passport also offers 6 more visa-free countries compared to St. Lucia’s travel document, and just a few countries less than St. Kitts and Nevis. After we include all applicable government fees, then the entire cost for a family of six comes to $167,800.