St Kitts Nevis Citizenship is the oldest investment citizenship program in the world. This program was first initiated by a Caribbean country in 1984 with the aim of supporting the growth and expansion of the public and privately managed economic sector. Currently, St Kitts & Nevis is highly trusted because it has a strong track record in issuing a second citizenship to investors at the international level.
Making a significant economic contribution to the country, must be met in advance by someone who wants to get the St Kitts Nevis Citizenship program. In return, applicants for this program will obtain full citizenship subject to the submission of the application including a thorough examination.
There is one thing you should also know, namely the St Kitts Nevis Citizenship program has special restrictions for potential investors or applicants from Iran and Afghanistan.
St Kitts Nevis Citizenship benefits
What's great about St Kitts Nevis Citizenship is that applicants don't have to take a language test or anything, and they're not required to live or visit the country. However, St Kitts Nevis Citizenship holders can vote, purchase property, obtain a second citizenship, live and work in the country concerned.
In addition, the St Kitts Nevis Citizenship program also has several other advantages, such as:
Obtain permanent resident status.
Have dual citizenship which can also be passed on to newborns at once.
A very profitable tax system. Especially for investors who already have a second passport to live in the country permanently, there is no inheritance tax, gift tax, income tax, and wealth tax or capital gains tax.
Have easy access if you want to go to the United States and Canada.
Have visa-free access to more than 150 countries and territories, including the UK and Schengen areas.
Can invest at affordable costs and get a choice of investment options that not all European countries offer it.
Program holders can invest in a secure country passport, stable economy, and low crime rate.
Get a second passport within 3-4 months, even if you use the application, you will get a second citizenship in just 45 to 60 days.
Complete confidentiality. The local government will always hide the citizenship and passport information of its investors.
Before getting the various benefits, you must know what are the requirements for making St Kitts Nevis Citizenship. Here are the conditions:
Applicants must be at least 18 years of age and must pass due diligence in order to obtain approval.
Have a legitimate source of funds for investment purposes and payment of government levies. The source of these funds must also be proven in the form of the attached document.
Applicants must be clear of criminal and immigration records.
Have good health and no dangerous chronic diseases.
If you have dependent children, they must be under 30 years old. Then if you have parents you must be over 55 years old and if you have unmarried siblings, you must be under 30 years old.
Please note, in the management of the creation of St Kitts Nevis Citizenship, the state only accepts official and international marketing agents. Therefore, look for agents who are truly trusted and already have a clear track record such as Ng Global Citizens.
The initial stage after you choose and work with a trusted marketing agency, you can attach all the necessary documents. At this point, the document should have been compiled and translated. Therefore, to take care of it, you can ask the marketing agency of your choice for help.
After all the documents are deemed complete, you and the marketing agent can immediately apply for an application. The speed of approval depends on the suitability of the data that you have filled in a particular form and the documents you have attached.
In addition, at this stage you also have to pay a fee for due diligence after receiving the application. Usually, government authorities will issue test results after 3 to 4 months. However, if you don't want to wait too long, you can apply for an expedited process by paying an additional fee and waiting a maximum of 60 days. If you pass the due diligence, you will get an official confirmation.
After all the documents and due diligence have passed, you can immediately make investments according to the selected option. Usually this investment runs within 2-4 weeks.
If the investment process has been carried out and meets the criteria for the St Kitts Nevis Citizenship program, then you will get a naturalization certificate. At this point, marketing agents can directly apply for a passport for investors. If you are ready, you can pick up your passport at the agent's office or wait for it to be delivered to the place according to the agreement.
There are 3 investment options offered by the St Kitts Nevis Citizenship program and not all European countries provide them. Anything? Here's an explanation of the types:
This real estate investment has 2 types of holdings. The first is detention with a term of 5 years. Investors must purchase government-approved properties for a minimum of US$400,000 or they can purchase real estate development shares for the same value. This investment must last a minimum of 5 years.
Then the second is a 7-year detention period, which requires investors to invest a minimum of US$200,000 in a luxury resort that has been approved by the government and is valid for a minimum of seven years. Not only that, in this investment option in both categories, investors still have to pay taxes and other applicable additional fees.
Initially, this investment option was created for the devastation of a hurricane in the Caribbean in 2017. Then today, sustainable growth funds are used as donations with thresholds:
US$150,000: single applicant
US$25,000: couple
US$10,000: each additional dependent
And the fees for the due diligence are:
US$7,500: principal applicant
US$4,000: for dependents over 16 years old
US$4,000: for financial sponsor
The AIO or Alternative Investment Options has the objective of meeting capital investments through infrastructure projects that meet the requirements. With an investment of US$175,000, the investor has met the requirements of a single applicant, along with 3 family members for Saint Kitt & Nevis citizenship. If there are other relatives of the main applicant, the investor must incur additional dependents of US$10,000 and US$20,000. Then for processing fees, additional due diligence fees, and application fees are adjusted for real estate options.