ST KITTS and NEVIS CITIZENSHIP BY INVESTMENT PROGRAM
St. Kitts and Nevis citizenship program was started in 1984. It is the oldest program of its type in the world. The process of applying for St. Kitts and Nevis citizenship is very simple. The Government of St. Kitts and Nevis has a Citizenship-by-Investment Program (“the Program”) attracting foreigners, who make a substantial contribution to the development of the country. Investors along with any family members can directly qualify for Citizenship through Investment, either by making a donation or investment in real estate purchase. Applicants may qualify for citizenship through an investment in a pre-approved real estate project, which may include hotel shares, villas, and condominium units. Hillsboro is an approved project for citizenship. The minimum real estate investment required by law is US$200,000 (resalable after 7 years) or US$400,000 (resalable after 5 years) for each main applicant Upon submission of an application, non-refundable due diligence and processing fees must also be paid. These fees amount to US$7,500 for the main applicant, and US$4,000 for each dependent of the main applicant who is over the age of 16 years.
On approval in principle of an application made through a real estate investment, a Government fee applies, as follows:
· Main applicant: US$35,050
· Spouse of the main applicant: US$20,050
· Any other qualified dependent of the main applicant regardless of age: US$10,050
In addition to these fees, real estate buyers should be aware of purchase costs (mainly compulsory insurance fund contributions and conveyance fees).
This process takes approximately four (4) to six (6) months to be complete.
ADVANTAGES OF ST. KITTS and NEVIS CITIZENSHIP BY INVESTMENT
Second Passport and Citizenship for Life - St. Kitts and Nevis offers families meeting the requirements of the Citizenship by Investment a second passport and citizenship for life.
Dual Citizenship - The Federation of St. Kitts and Nevis permits dual citizenship, and there is no residence requirement. In the event one wants to reside in St. Kitts and Nevis there are no restrictions to doing so.
Visa Free Travel - A St. Kitts and Nevis passport would allow you to travel visa free to more than one hundred and forty (140) countries including Great Britain, Hong Kong, Liechtenstein, Ireland, Sweden, Switzerland and Schengen States of the European Union. 10 years Multiple Entry Visas can be obtained from the United States and Canada.
Passport Validity - St. Kitts and Nevis’ passport is valid for ten (10) years. Passport can be renewed at any of the Federation’s Foreign Embassies or at the Passport Office in Basseterre, St Kitts.
Tax Free Status - St. Kitts and Nevis citizenship is the key to preserve your wealth and provide protection for your family. There are no capital gains, gift, income, wealth and inheritance taxes.
Confidentiality - The Government of St. Kitts and Nevis does not inform the country of your current citizenship or residency about your second or third citizenship.
Visit http://www.ciu.gov.kn/ for more information on the St Kitts and Nevis Citizenship by Investment Program