St. Kitts and Nevis citizenship by investment program is the most established and long-lived program in the Caribbean.
And if you are in the market for a new passport, 2020 may be the best time to buy one…
Several Caribbean citizenships by investment programs have gone ON SALE due to the effects on tourism from the Covid lockdowns– including St. Kitts Citizenship by investment allows foreigners to invest money in, or donate to, a country in exchange for citizenship and a passport.
Depending on the country, the donation amount can vary from $100,000 in places like St Lucia and Dominica to over $2.5 million in Cyprus. Then there are various government processing and due diligence fees.
St. Kitts and Nevis’ program has been around the longest of any citizenship by investment programs in the world, so it has a proven track record.
As the longest-running program of its kind, we can see that the government has fulfilled its promises, renewed the passports, and upheld its end of the bargain.
So even though you might spend a bit more on Saint Kitts passport than on certain other CIP programs, you are essentially buying citizenship from a more established, reputable government program.
In addition to its history, another great thing about Saint Kitts is that it does not require its new citizens to spend a single day on its soil.
The application is done 100% online and via mail– so you could accomplish it all, even during Covid lockdowns.
If you decide to immigrate to St Kitts or just spend significant time in the country, we have good news for you:
Saint Kitts also has no personal taxation. So, should you decide to move there full-time, you will owe no income taxes to the island. And with the new discounts offered through the end of 2020, St. Kitts and Nevis have become one of the cheapest options for families in the Caribbean.
Citizenship experts have come up with 7 key benefits of investing in a passport of this country.
Fast processing time
If you compare it with other citizenship by investment programs, here you can get a passport in 45-60 days with an accelerated procedure.
No requirement to live in the country
In order to become St Kitts and Nevis citizen, you don’t need to live or visit the islands. However, it is worth coming to this tropical paradise with its warm climate, fantastic beaches, and turquoise ocean.
This small island state is very strict with not passing any information about their nationals and their assets to third parties. Your participation in St Kitts and Nevis investment program will also remain a secret.
Passport for the whole family
Apply for citizenship for the whole family including adult children and parents.
Traveling without visas
You would not need a visa to 165 countries including Schengen states, UK and Singapore. Holders of St Kitts and Nevis passport can get long-term visas to the USA and Canada.
One of the most favorable taxation systems in the world. There is no income tax, inheritance or gift taxes, no dividends or capital gains tax. Property taxes are very low too.
The tourism sector in this country is very developed which creates limitless opportunities for international companies registered here.
Islands of St Kitts and Nevis become more popular with tourists. The government is very wise in how they use foreign money by investing in local infrastructure. Besides, it is a modern place to live and can serve as a safe haven for you and your family if things in your country are not looking bright.