Two scenic islands in the Caribbean known as St Kitts and Nevis offer one of the best citizenship by investment programs to interested participants.
Full of natural goodness and beautiful location, it is no wonder St Kitts and Nevis’ citizenship program has helped a lot of people actualize their dream of a better life.
If you’re looking to get a second passport through the investment route, you’ll love this guide to get a St Kitts and Nevis citizenship. It covers everything you need to know about the program from requirements to finally getting the passport.
One of the first things you should check before considering any citizenship program is its requirements. Are you eligible to take part? While most of the programs have similar requirements, they all have distinct differences you should not miss.
- Applicant must be over 18 years of age
- Must have a clean bill of health
- Must pass a background check which includes character and criminal records check
- Must have a verifiable high personal net worth
Benefits of St Kitts and Nevis Passport
St Kitts citizenship by investment program affords participants the chance to enjoy all the benefits attached to the passport. But what benefits would you enjoy by taking part in this program?
- Second Passport in a Short Time
You can get a St Kitts in 4 months after application but that’s not all, it gets even better as there is an accelerated program with additional fees that give you your passport in 60 days or even less.
This would be beneficial to applicants who have an urgent need for a passport and cannot wait that long. Its accelerated program is one of the fastest among all citizenship by investment programs.
- Visa-Free Entry into 156 Countries
Ranked as the 26th strongest passport in the world, St Kitts and Nevis gives you a strong second passport that will guarantee you visa-free entry into 156 countries including all European countries, Hong Kong and Singapore.
This would be beneficial for business people who are constantly traveling and would like to reduce the stress and time wasted waiting for visa approvals.
- No Requirements to Stay in the Country
St Kitts recognizes the busy schedule of their citizenship by investment participants and makes it extremely easy to keep your passports by having no required number of stayed days in St Kitts.
You will keep your passport even if you do not visit the country. Now, you can go about your business without fear of losing your passport.
- Favorable Tax Conditions
The tax condition in St Kitts is quite favorable to investors as there is no income, gift, or inheritance tax when you get the passport.
- The Whole Family can get a Second Passport
You can also apply for passports for your dependent kids below 30 years and parents above 55 years. You will need to pay additional fees for each member.
There are two ways to get a St Kitts and Nevis passport by investment:
- Investment in Real Estate
You can invest in government-approved real estate and get a St Kitts passport. The amount to invest varies based on the years you must hold your investment.You can make a minimum investment of $200,000 with additional fees for members of the family above 16 years and also government processing fees. You must hold this property for 7 years before selling.
You can make a real estate investment for a single applicant of $400,000 and you would only need to hold the investment for 5 years before you’re free to sell.
- Donation into Government Fund
The fee is significantly lower if you want to go the donation route. You only need to donate a nonrefundable $150,000 into a government fund set aside for the improvement in the living condition and economy of the country.
You may need to pay additional fees for each member of the family older than 16 years including a government processing fee.
The application process to get a St Kitts passport is pretty straightforward. To hasten the application and ensure it is not denied, make sure you’re eligible by going through the requirements.
You will need to go through an approved agent to process your application.
First, you’ll need to fill and complete the application including providing all the necessary documents. You will have to pay a nonrefundable due diligence fee to the government.
The government will then carry out an extensive background check including proof of funds to ascertain your eligibility.
If your application is approved, you can then go ahead to make the necessary investment after which you will be granted citizenship and your passport delivered to you.
With this guide, you can assess your chances of getting a second passport from St Kitts and Nevis so you can enjoy the many benefits it brings.