In terms of global financial crisis, which have not reached its heights yet, people around the world feverishly figure out how to protect their assets and themselves from the very probable political and economical strife. Have you ever planned to acquire second citizenship? Now is the very right time to think about it again and go ahead. You have a choice to spend funds for something valuable or lose them in runaway inflation. The Citizenship-by-Investment Program run by the Government of Saint Kitts and Nevis provides for even more choices: you can invest your money in a nice piece of real property and qualify for full citizenship and passport of a decent country at the same time.
The Federation of Saint Kitts and Nevis, also known in its Constitution as the Federation of Saint Christopher and Nevis, is a small two-island nation in the Caribbean Basin. This is exactly that kind of luxuriant tropical paradise associated with the South Pacific: sunlight, beaches, sea air, lush vegetation, spectacular scenery, mellow culture and friendly atmosphere.
The Citizenship-by-Investment Program of St. Kitts and Nevis was established in 1984 and actually it is the oldest and most respectable one of three currently existing programs of this kind in the world. The other two are being run by the Commonwealth of Dominica, in the Caribbean, and by Austria, in Europe.
The Government is looking for foreign investors of sound character, and any person can apply for naturalization and may be eligible for citizenship, if the Government is satisfied that such person has invested substantially in St. Kitts and Nevis.
There are two types of the qualifying contribution for the purposes of St. Kitts and Nevis citizenship by investment: cash donation to the Sugar Industry Diversification Foundation (SIDF option) and investment in real estate, one of governmentally approved real-estate developments (real-estate option). Beginning with the 1st of January 2012 the following requirements apply.
SIDF option involves US$ 250,000 to US$ 400,000 and higher donation amount, depending on the number of applying members of the family. It does not include due diligence fees and service fees of the citizenship agent, which are extra.
The qualifying investment under real-estate option starts with US$ 400,000. There’s a nice choice of apartments in several resort projects on the beaches of St. Kitts. You can resell this property in five years, though it will do qualify the next buyer for citizenship.
The registration fees under this option are US$ 50,000 for the head of the household (male or female) or any other adult, US$ 25,000 for either spouse, US$ 25,000 for each child under 18 years, and US$ 50,000 for unmarried dependent child of the applicant between the ages of 18 and 25. Service and legal fees of the promoting agent also apply. Extra expenses associated with the purchase of real estate include fees for the real estate closing, insurance, tax on land and property.
Benefits and Advantages of St. Kitts and Nevis Citizenship and Passport
If you don’t feel safe and comfortable with your current passport, St. Kitts and Nevis is a good alternative. The country has a good international image, provides for a number of benefits and can contribute vastly to your personal and business freedom.
First of all, you obtain citizenship “instantly” – with no permanent residence requirement. You and your family get full and irrevocable citizenship for the lifetime. The expired passport can be easily renewed on the basis of the certificate of naturalization. St. Kitts and Nevis recognizes dual citizenship, meaning you don’t have to renounce your current citizenship.
You get a better choice of places to live. You may permanently live in St. Kitts and Nevis, if you want so. There are no taxes on income, capital gains, gift, wealth and inheritance. You may get a residence permit in many countries, probably with fewer formalities than with your current citizenship. You have certain privileges for staying and working in CARICOM member-countries. You have privileges in the UK, as St. Kitts and Nevis is a member of the Commonwealth of Nations.
You have a choice of investment: either make a non-refundable cash donation, or buy a real estate that you can further use for living or renting, which at the same time qualifies you and your family for citizenship.
You don’t need to visit St.Kitts and Nevis, it’s only at your discretion. If there is no possibility to travel, all formalities in St. Kitts and Nevis can be fulfilled by an authorized local agent on your behalf. Even later, when you need to renew the expired passport, the agent can do this for you remotely.
St. Kitts and Nevis administration has no specific restrictions on any particular nationals to participate in the citizenship and passport program. All applications are being accepted on a common basis and are subject to common vetting procedures.
Last but not the least, the Citizenship-by-Investment Program of Saint Kitts and Nevis is a legal program based on the statute. The granted citizenship may not be revoked, no matter of changes in the governmental executives or policy. Beware of second citizenship scams offering cheap and quick assistance with passports from a number of Latin and Central American countries that have never had any economic citizenship program in place.
Generally and as a matter of conclusion, St. Kitts and Nevis citizenship through investment is quite a unique opportunity for many of you looking for a decent, legal and reliable second passport and citizenship. This might become a real insurance for you and your family in stormy times.
Contact us now to proceed or obtain more information.