Federation of St. Kitts and Nevis is basically two pieces of land of the same name surrounded by water in the Caribbean. It’s a small country with a population of about 50 thousand inhabitants. Agriculture and livestock are highly developed and are the main source of income for locals. Besides, Saint Kitts passport is one of the most prestigious in the Caribbean.
Why do foreigners want to get St. Kitts and Nevis citizenship?
Well, even if you are not a fan of exotic islands, St. Kitts and Nevis can fascinate you with a beneficial business environment. Let’s start with the fact that the federation is a decent offshore sector with a high level of trust in the world. Local citizenship by investment (CBI) program is the oldest in this world. The government established it in 1984. Over the past 35 years, the CBI program went through some major changes: the investment amount was lowered, the rules and regulations became less complicated, etc. In other words, the authority of St. Kitts and Nevis tried to create the most comfortable conditions for foreigners.
St. Kitts citizenship has other advantages:
• Free movement around the world due to a visa-free regime with more than 150 countries, including Latin America, Schengen countries and the UK;
• The benefits of being in the Commonwealth of Nations;
• Favorable tax environment with no taxes on world income, wealth, dividends, inheritance, etc.;
• Opportunity to have dual citizenship;
• Possibility to apply for a long-term visa to Canada and the United States.
Local passport purchase conditions also attract foreigners. First of all, St. Kitts and Nevis offer one of the best rates in the Caribbean. The government understands the desire of its potential residents to hide the fact of having several citizenships, therefore, the procedure is completely anonymous, no information is exposed to third parties.
Conditions of obtaining a St. Kitts and Nevis passport
The CBI program has two main options of investment:
1. Donation of $150,000 or more in the Saint Kitts fond. This investment isn’t refundable.
2. An investment of at least $200,000 in a real estate project officially approved by the government. You can sell the project in 7 years and get the amount back.
So, you can conclude that buying a property is a better deal if you want to return your investment. Besides, if you choose a profitable project, you’ll get a pleasant bonus as an annual income (the majority of projects are hotels and resorts). Organize St. Kitts and Nevis residency for your family members too. The program permits the participation of your spouse, children under 30 and the elderly parents over 55 by additional investment. All of them can enjoy the benefits of a local passport.
The procedure of St. Kitts and Nevis citizenship registration
Applicant must prove the investment money come from a legal source, he/she has no criminal records and sanctions. The investor’s health, as well as the health of those in the application, should be in good condition (no contagious diseases).
The process of preparing the documents and submitting the application are the most responsible parts. Migronis provides legal assistance in obtaining citizenship in popular offshore zones, including Saint Kitts and Nevis. You can learn more about their services at migronis-citizenship.com/saintkitts-and-nevis.
Note: You can’t apply for citizenship yourself. Only a certified agent can submit your documents to the CBI Unit.
After signing the contract at the office of the company or remotely, the preparation of the necessary paperwork and filling out the submission form begins. Migronis takes care of translation and notarization of documents and also helps to get necessary documents if needed. A visit to the island during and after the citizenship obtaining process isn’t required.
Application processing time is from 5 to 7 months. You can consult specialists at any time. The company also takes responsibility to notify you of the need to renew your passport after 10 years.
About St. Kitts and Nevis
The island federation is popular with tourists who want solitude and exotic. This isn’t surprising since it has a friendly tropical climate with rare rains and comfortable temperatures. The official language is English. The country is visited by about 250 thousand people a year.
St. Kitts and Nevis have several places suitable for high-quality vacation. It also houses one of the UNESCO legacies, Brimstone Hill Fortress, which is located not far from Sandy Point Town.
Agriculture is the foundation of the local economy. Saint Kitts and Nevis is a famous supplier of sugar, cotton and tobacco products. The main countries for export are the USA and Malaysia. The manufacturing area on the island focuses on processing raw materials mainly.