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The St Kitts Economic Citizenship Program Scandal

Passports For A Price

This is because of the delay in receiving due diligence reports from the third party service providers in these countries. Citizen Lane respects every client’s unique situation and will be able to discuss details in confidence. We will provide you with comprehensive advice and find the appropriate solution for you and/or your family. Visit us at our offices located in Malta, Austria, Germany, and Switzerland, or contact us by phone/email/contact form.

• Since then a number of reforms have been made, but questions remain.
• Significantly, it was one of the few countries to include Canada on its list of visa-free travel destinations, with only Antigua & Barbuda offering the same since 2013.
• The scheme is one of the oldest second passport programs in the world.

Full discretion, ensuring that one’s new citizenship status is not reported to third parties and other countries. The right to reside in Saint Kitts and Nevis as well as in most of the CARICOM member countries at any time and for any length of time. Lifetime St. Kitts citizenship for you and your family, which can then be passed on to future generations.

What Should I Pack For Saint Kitts And Nevis?

Now, the Federation of St. Kitts and Nevis has taken a step into the digital era by extending their investment citizenship program to accept Bitcoin as payment for citizenship. A St. Kitts citizenship includes a passport, which allows for visa-free travel to over 140 countries. This feature means that you can travel across over 140 borders without government needing permission from a government. Citizenship by donation is available to individual applicants in St. Kitts and Nevis for as little as USD 150,000 (+ immigration agent fees / administrative procedures).

Although citizenship is optional, please expect additional $90,000 above the real estate investment if you want St Kitts citizenship and passport. Our introduction to this world of citizenship by investment came in Dubai – the gleaming, international bazaar – that was hosting the ninth annual global citizenship conference. Gathered here were government officials, lawyers, bankers, and real estate developers who facilitate and profit from the trade of citizenship for cash. Background checks are compulsory for every adult who is included in an application for St. Kitts and Nevis second citizenship.

Smooth Application And Approval Process

We offer a service tailored to your specific needs and requirements. Our team of experts will work diligently from start to finish, ensuring a successful application. Upon approval, your issued Saint Kitts and Nevis passport is valid for 10 years and can be renewed indefinitely. For children under the age of 16, passports are valid for 5 years. In both cases, investors are required to pay additional applicable taxes and fees.

Applicants may qualify for citizenship through an investment in a pre-approved real estate project, which may include hotel shares, villas, and condominium units. To qualify for the St Kitts and Nevis passport program through the Sugar Industry Diversification applicants must make a contribution which is non refundable. The contributions to be made range from US$200,000 to US$400,000. The lowest contribution will make a single applicant eligible for the second passport program whilst the other amounts qualifies from three to over six dependents. The contributions made to the SIDF program already includes due diligence fees and government fees. The Sugar Industry Diversification Foundation is a public charity which was set up after the sugar industry in St Kitts and Nevis came to a halt.

Lifetime Citizenship for Investor and family members including children up to 30 years and parents over 55 years of age. Through this letter, both MEPs expressed their concerns regarding EU’s visa waiver program with St. Kitts and Nevis, over “questionable” individuals getting passports under the twin-island federation’s Citizenship by Investment program. They brought up the case of Andrei Pavlov, a blacklisted Russian who managed to enter Europe for about 70 more times after he was banned from Europe.

British citizens, EEA nationals and Swiss nationals are eligible to move to Guernsey. Nationals of other countries require permission to “leave to remain” in Guernsey. A number of tax advantages exist for individuals who relocate to Guernsey permanently.

What You Need To Know About The St Kitts Passport

The St. Kitts and Nevis citizenship benefits are not merely limited to the travel perks; it is a holistic package which also confers upon its applicants a chance to indulge in a luxurious second home. St. Kitts and Nevis residents benefit from beautiful weather throughout the year, as well as an unforgettable canvas of natural beauty. An alternative option is to make a contribution to the government’s Sugar Industry Diversification Foundation and make a donation which is non-refundable to a program known as the Sustainable Growth Fund . Ask questions and get answers about international tax, asset protection, company formation, offshore banking, payment processing, residencies, or citizenships. The government needed something to replace the dying sugar industry and they found a solution. The program was called the Sugar Industry Diversification Foundation , it was set by the government to support displaced sugar workers, and to bring new developments in the country.

Ireland offers immediate 5 year permanent residency from day one through the following investment routes. Ireland is full EU member state but has opted out of schengen area. Ireland operates a GV immigrant investor program which has gained more popularity over the years. The Irish EU passport remains most powerful in the world and has been most sought after post Brexit. Due to Covid, please expect delayed processing times of atleast 6 months. It is possible to apply for GV through Greek consulates abroad due to Covid situation.

Twice a week you will discover the absolute best locations to invest, buy foreign property, diversify, and protect your hard-earned assets. Due Diligence is required for all family members over 16 years of age. International travellers are welcome to visit St Kitts and Nevis. This Caribbean country is ideal for relaxation, with a pleasant climate, beautiful nature and numerous beaches. If an investor buys a share in a hotel, they get the right to spend 1–2 weeks a year at the property for free.

In other words, you can’t sell the property to someone seeking economic citizenship, so the number of potential buyers and the sale price will be significantly reduced. In addition to the high transaction costs, there are a number of issues with the St. Kitts passport by investment program. For example, you must purchase a “program approved” property, which means the cost will be higher than for a non-approved comparable property. Most importantly, there is no residency requirement to obtain a second passport from St. Kitts. You are not required to live in St. Kitts and there is no travel, regular meetings with immigration representatives, or other annoying requirements.

We can answer the questions about the US B1/B2 Visa for the citizens of Saint Kitts & Nevis. Explore the comments section and learn more details about the US B1/B2 Visa for the citizens of Saint Kitts & Nevis. We can discuss the US B1/B2 Visa for the citizens of Saint Kitts & Nevis process. Therefore, you can send us all your details months in advance, and we will make sure to have your document ready at the right time. Still, visiting a new country will be an unforgettable experience. We can help you with the US B1/B2 Visa for the citizens of Saint Kitts & Nevis.

Enhance your travel mobility with a passport of St. Kitts and Nevis giving its holder visa-free access to over 152 countries worldwide, including the EU and UK. Secure your family’s future with the fast-track Citizenship program in St. Kitts and Nevis. Many economic citizenship work permit turkey programs do not allow dependent children older than 25 years of age to be included under their parent’s second citizenship by investment application. Consequently, Antiguan economic citizenship may be the optimal program for global investors with children in their mid-20s.

The answer is “it depends”… on which additional countries you get and how likely you are to visit them. When thinking about gaining a second passport, you should also consider personal presence requirements. Size of the economy, the number of visa-free countries you can access, the country’s geography and even its climate can all play a role. If you start the process and get denied during it, you will lose your government’s due diligence fees and potentially a portion of your commission paid to the service provider. In any case, budget $10,000 or more in additional fees for the service provider doing the work.

To revive economy, many caribbean countries slashed prices for families applying for CBI. All Applications can now be filed online cutting processing times. Egypt opened a new fast track citizenship by investment program in 2019 after amending citizenship laws. Foreigners could become Egyptian citizens buying a real estate for $500,000. There are other investment options for citizenship such as bank deposit, Govt bonds, capital investment also available.

Then we shall be able to calculate the fees and expenses applicable in your case. St.-Kitts & Nevis citizens have visa-free or visa on arrival access to 152 countries and territories, including Schengen resident permit turkey Area , the United Kingdom, Russia, and many others. In my experience, clients who will spend significant time in St. Kitts opt for the investment option and purchase a single family home.