Reasons To Apply For A Second Citizenship By Investment
The final European program is the Austrian citizenship by investment program, which is the most restrictive of all. And after one year of permanent residency (which doesn’t require any minimum time in the country), you, the investor, can pursue the fast track citizenship path. For investors who chose to invest in other Crypriot assets, the real estate purchase of €500,000 was added to their €2,000,000 investment.
In most cases, additional documents will be required from the sponsor regarding their source of funds. The type of documents required will vary depending on the source of the investment funds. The total cost of obtaining St. Kitts & Nevis citizenship depends on the investment option, number and age of applicants. US $10,047for each dependent, whether a dependent child of the main applicant under 18 years of age or staying permit turkey a qualified dependent of the main applicant above the age of 18 years, other than his or her spouse. To be eligible for Citizenship by Investment opportunity, applicants need to fulfill the eligibility criteria and investment guidelines set as per government policy. Caribbean Trust, as the official agent of the St. Kitts & Nevis Citizenship program, ensures efficient glitch-free processing of your application.
Buy Your Second Passport Pay Less Taxes Protect Your Assets Become A Citizen Of St Kitts And Nevis
The SGF is a government fund focusing on supporting socio-economic initiatives such as education, health, infrastructure, and climate change. Saint Kitts & Nevis is currently offering a reduced offer of just USD$ 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. St Kitts & Nevis is known as the “Platinum Standard of Citizenship by Investment Programs” around the world and certainly lives up to the reputation by providing one of the longest-running and most trusted programs.
TheUnited States EB-5 Program leads to permanent residency status and citizenship in the United States for a minimum investment of USD 900,000 in a commercial enterprise in the U.S. that generates at least 10 jobs for Americans. After 5 years as a permanent resident the investor may apply for U.S. citizenship. Canada offers several residency by investment options, leading to citizenship if desired, starting at CAD 200,000. TheCyprus Residency by Investment Program offers options from EUR 300,000 for Cyprus permanent residency.
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Guide Consultants is an international marketing agent listed under the Citizenship by Investment Unit to promote & provide full services for Saint Kitts and Nevis Citizenship by Investment program. The two islands have a population of approximately 53,000 and English is the official language. Before St Kitts & Nevis gained status as an independent country in 1983, it was part of Britain for over 200 years, which is why so many British traditions still play an important role in the diverse culture today.
In exchange, and subject to a stringent application procedure including thorough background checks, the applicants and their families are granted full citizenship. Several countries, including St. Kitts and Nevis, have adopted programs that allow the acquisition of citizenship on the basis of an investment and/or a direct contribution Turkish citizenship 250.000 USD to the state as a means of developing the country. There are no requirements considering St Kitts and Nevis residency. You can decide to live in or outside St Kitts and Nevis during and after the citizenship application process. You do not need to reside in St Kitts and Nevis in order to obtain a St Kitts passport by investment.
St Kitts And Nevis Citizenship By Investment
Investors contribute to local economic growth, as revenue from the programme are used to invest in key sectors, ranging from healthcare, infrastructure, tourism, construction, and sustainable development. The circularity of the programme allows it to create opportunities for both investors and the local community, contributing towards a more prosperous future for all. St Kitts and Nevis’ CBI Programme has been a popular route to achieving greater travel freedom and business opportunities. Introduced in 1984, the programme is the world’s longest-standing and is internationally renowned as a ‘Platinum Standard’ brand.
Applying using the AAP can see an application completed within 60 days with some applications completed in as early as 45 days. The Accelerated Application Process approved by the Government of St. Kitts and Nevis in October 2016 allows applications with the Citizenship by Investment Program to be accelerated to a 60 day processing period. For those projects on the Government’s infrastructure list, they can be advertised seeking expressions of interest for initial review by the Government and the creation of individual project “short lists”. The Government will endeavor to ensure that to the extent practicable, shortlisted companies will not only maximize local employment but also embark upon programs including transfer of technology and capacity building.
When thinking about applying to St Kitts and Nevis Citizenship by Investment Program, investors and business owners are carefully considering all sides, pros, and cons in terms of taxation. If the Passport will be used only for traveling, the tax status remains the same, however, if the passport will be used for opening bank accounts or any other purposes, it is better to carefully study the tax system. For a family of four or more; with a contribution to the SGF of $150,000.USD + government, bank, passport and due diligence fees, the minimum investment is $164,347.USD.