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St Kitts And Nevis Citizenship By Investment Program

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St Kitts And Nevis Citizenship By Investment Program

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St Kitts And Nevis Tax System

Main Applicant Requirements

(A couple must buy a six year $250,000 bond. And a family of four has the option to buy a five year $300,000 bond, or a seven year $250,000 bond. Saint Lucia’s program is definitely the best value option for single applicants. St. Kitts and Nevis allows dual citizenship and does not require you to renounce your previous citizenship. When thinking about gaining a second passport, you should also consider personal presence requirements.

A St Kitts and Nevis passport gives broader travel opportunities than any other Caribbean passport. The E2 visa permits you to enter and work in the US provided you’ve invested a substantial amount of capital in a U.S. business. Investors seeking to gain access to the US market are therefore encouraged to apply for Grenada citizenship. As of February 2020, the St Kitts passport program has generated more than $700,000 million in capital from foreign investors seeking second citizenship, and as of 2019, the program contributes over 26% of the country’s total GDP.

Real Estate Investment Requirements

Government due diligence fees and application fees will still be applicable. For more information and a full quotation, please contact La Vida’s experts. A copy of each applicant’s passport, a marriage certificate and in case of divorce documents showing marriage dissolution.

The digitalization of our application process, the experience of our staff and the unparalleled relationship we have with due diligence providers has allowed us to maintain our fast application times even during the pandemic. Our accelerated application process continues to operate effectively ensuring completed applications under 60 days and as early as 45 days in some cases. We have also added a new real estate investment option and increased regulation to cater law firm istanbul to the growing needs of our clients. Our CBI programme has an investor-centric focus and as such we’re always seeking new ways to best serve our investors and applicants. Thanks to these unparalleled efforts, the country is looking forward to materializing its reopening plans. There is also another element I wanted to touch upon which adds to the quality of our programme, and this is the contribution to the domestic economy and the positive local impact.

Who Wants To Live, Study Or Work In The United States?

Those who make a qualifying investment into the programme’s Sustainable Growth Fund and pass the necessary security checks earn the right to live, work and study in the nation along with increased global mobility. Additionally, they gain alternative business prospects in a country with close ties to economic centres like the US and the UK. Applicants are required to make an investment in either property (which is can be resold after a certain period of time.) or to make a one off non returnable payment. This payments goes into a national fund to diversify the income of St Kitts. The advantages of holding a second passport or an alternative residency are significant to mitigate financial risks and secure your future.

st kitts citizenship

Once your citizenship certificate has been granted all documents including your St. Kitts-Nevis Passports will be couriered to you. On approval in principle of an application, Real Estate investment fees are payable to the Government of St. Kitts and Nevis. Few people know that although the Federation of St. Kitts and Nevis became independent a long time ago, the Queen of England is still regarded as the formal head of state. A UK-appointed governor-general performs representative functions on the islands, while the country is part of the British Commonwealth.

Are You Looking For Dual Citizenship?

No other country has such a good expedited feature in their citizenship by investment program. To qualify for the program, you can either make a government donation of $150,000 or invest in real estate on the island starting from $200,000. The applicant also will be required to pay certain Turkish staying permit additional fees and taxes. The physical residence is not required, and the passport can be easily obtained remotely. The average processing time is between 2 to 4 months if property is purchased from a developer that meets all criteria for efficient processing of citizenship application.

st kitts citizenship

He could supply the clients, St Kitts could supply the passports, and together they could get rich, if only they would listen. At the time, Kälin was trying to make a go of his business idea, trying to obtain better passports for people who were held back by their nationalities and he found the St Kitts situation extremely law firm turkey frustrating. Only a few dozen passports were sold and these went to clients who wanted to change their identities for nefarious reasons – drug dealers, tax dodgers and the like – which hardly improved the reputation of the country. Shehada could buy that passport and can travel the world, because of Christian Kälin.

Asia & Oceania Programs

We are the only law firm that has a truly global overview of and expertise in Citizenship by Investment programs. If the candidate meets any of the requirements mentioned above, he/she can obtain citizenship of St Kitts and Nevis, as well as the spouse and children under 18 years of age. The regulations regarding St Kitts and Nevis Citizenship by Investment Program are contained in Part II, Section 3 of the Citizenship Act, 1984. These provisions allow the government to operate a program under which citizenship is granted to persons who qualify under criteria set by cabinet decision. The Act is an initiative by government to attract new businesses to stimulate the economy and create new employment opportunities. St Kitts and Nevis also has a strong reputation for its international financial services, particularly with respect to the establishment of offshore companies.

The donation or contribution for this option of St. Kitts and Nevis citizenship goes towards the Sugar Industry Diversification Foundation. The contributions are used to finance new industries which will provide employment for individuals who lost their jobs when the St. Kitts and Nevis Sugar Industry was closed in 2005. Due diligence and processing fees apply under all options, while administration fees apply only to the real estate investment option. You and your spouse, your dependent children and parents and grandparents above the age of 65 can also obtain citizenship under one application with additional government fees payable. A growing number of countries are offering what is known as citizenship by investment or economic citizenship.

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