Key Benefits of Obtaining St Kitts and Nevis Second Citizenship
These days, alternative passports help to expand opportunities and improve the quality of life. St Kitts citizenship by investment is in demand today more than ever. This beautiful tropical Caribbean nation is essentially an island and is characterized by:
- picturesque nature;
- excellent climate;
- a stable economy;
- security;
- promising investment opportunities.
That is why the country’s authorities are constantly considering thousands of applications for the new status.
The program of issuing a local passport after investing in the economy started back in 1984 and was the first in the Caribbean. Since then, more than 20 thousand applicants have taken advantage of its opportunities.
Every applicant for St. Kitts citizenship must be an adult, wealthy citizen with no criminal record or sanctions. To participate in the program you need to make a non-refundable contribution of $150,000 to the local state fund or invest $200,000-400,000 in real estate in the territory of this state. Let’s take a closer look at the main St. Kitts citizenship benefits in order to better understand what prospects a potential investor has.
Fast Processing Times for Citizenship Applications
Today, the process of reviewing applications and the attached package of documents takes on average 2–3 months. However, the applicant has the opportunity to go through an accelerated procedure. If everything is in accordance with the requirements of the country’s authorities, it will be possible to obtain approval in just 45–60 days.
No Residency Requirements for Applicants
As for the conditions on the mandatory residence of applicants and their families on the territory of the country, there are none. That is, you can submit all the documents remotely, come to an exotic island whenever you want and stay here as long as you wish.
Visa-Free Travel to Over 150 Countries
One of the most significant advantages of obtaining citizenship of St. Kitts and Nevis is the possibility to visit 152 countries of the world without a visa or with a visa on arrival. This list includes, among other countries, EU member states and Great Britain. An additional bonus is the permission to apply for a 10-year visa to Canada and the USA.
Tax Benefits: No Income, Wealth, or Inheritance Taxes
Tax benefits are another plus point of a Caribbean passport. Here citizens are not charged income tax, capital gains tax, wealth and inheritance tax. That is, people can plan their income and expenses more carefully. According to Vladlena Baranova (Immigrant Invest agency), this leads to greater financial freedom and an increase in the overall level of prosperity in the country.
Dual Citizenship is Permitted
Note that many countries do not allow their citizens to hold a second passport. But St. Kitts and Nevis is not one of them. You can obtain citizenship in this country by possessing another identity card.
Lifetime Citizenship with Passport Renewability
If you have obtained a St Kitts and Nevis passport, you are a lucky person and congratulations are in order. It is for life and can be renewed like in any other country. This status can be passed on to your children and grandchildren, giving them a happy and promising future.
Family Inclusion in Citizenship Applications
In St. Kitts and Nevis, a spouse and financially dependent children under the age of thirty, as well as elderly parents and grandparents over the age of 55 can be included in the application. Don’t miss out on this opportunity, as the support of loved ones in a new country is very important.
Increased Global Mobility
Among other benefits of St. Kitts passport is unlimited mobility. This document opens doors for its holder for new business trips, business trips, travelling and learning new cultures, which is very important nowadays.
Business Opportunities in St Kitts and Nevis
A stable, prosperous economy and a favourable business environment have attracted international entrepreneurs and investors to the island for many years. There are many opportunities for them to invest in real estate, tourism, scientific research, agriculture, IT sector and much more.
Access to Educational and Healthcare Facilities
The education system in St. Kitts and Nevis is of a high standard. There are strong international schools and universities here. And you can get a diploma with which you will be accepted for work in any EU country. Also the state provides high quality medical services, which are provided quickly and skillfully.
Political and Economic Stability
Economic and political stability are two other important characteristics that describe Caribbean countries. There is no need to worry about financial crises or coups, and the level of security allows you to live in peace and focus on your goals.
Privacy in Citizenship Registration
During the registration of the application and review of the package of documents, each applicant is provided with full privacy. The authorities of the country guarantee that the personal information of the applicant and his family will not fall into the hands of third parties and will not be used to his detriment.
Bottom Line
No matter who you are, St. Kitts and Nevis can provide you with new opportunities to develop your business, to study, or simply to live happily in a prosperous country. However, you cannot handle it on your own, so seek professional help from the experienced specialists of a reputable migration agency. This issue is covered in detail at immigrantinvest.com. Study the information and start your way to a successful future.