Enjoying life in the Caribbean is becoming possible. The popular St Kitts project makes it possible to obtain a second passport quickly and at a democratic cost. For many, it is a chance to carry out profitable activities and take advantage of the benefits of the host country.
Undoubtedly, St Kitts and Nevis citizenship is in demand among people from all over the globe. It is due to the comfortable climate, tax regime, and other privileges the Caribbean state offers.
What is the St Kitts Citizenship by Investment Program?
Caribbean island states on the azure coast invite investors to invest money into the country’s development. It is also essential to know that depositors must not be on the country’s territory and undergo a foreign language test. The applicant can apply for the long-awaited document remotely.
There are several ways of obtaining the cherished paper with the help of investments:
- A charitable contribution to a public fund. Contributions of $125,000 or more cannot be refunded; the donation amount depends on the number of participants.
- Donation to social housing. Excluding statutory fees, the cost per family of four is $175,000.
- Collective investment of funds. Two or more investors can participate here, who will be equal owners of one property. The amount from each applicant must come to $200,000.
- Property market financing. Contributions of $125,000 or more cannot be refunded; the donation amount depends on the number of participants.
The investment period for the above options is at least 5-7 years. According to a leading specialist at Immigrant Invest Elena Ruda, the program is a simple way to obtain special status to reside legally in the Caribbean in just a few months. There are also several St Kitts and Nevis citizenship advantages worth participating in the project.
Benefit 1: Visa-Free Travel
Citizens of the state can visit more than 140 countries without wasting precious time on visa processing. It is one of the pros of St Kitts and Nevis passport. In particular, tourist visits to Singapore, Great Britain, Hong Kong, etc., are available. St Kitts passport visa-free countries allow you to travel without restrictions. You can decide to travel a day before you embark on your journey.
Benefit 2: Tax Advantages
After receiving the long-awaited document from the Caribbean state, the investor can avoid paying individual, payroll, property, and inheritance taxes. There is also no tax regime on royalties, dividends, and interest earned abroad. It is the best option for those who want to engage in a commercial endeavor.
Benefit 3: Business Opportunities
In addition to the absence of tax obligations on individuals’ profits, transnational assistance is available. The holder of a particular document will open up new opportunities for profitable activities, one of the most attractive St Kitts and Nevis citizenship benefits. The local government uses foreign financial transactions wisely and invests every cent in infrastructure development.
Benefit 4: Quality of Life
The small island state has a comfortable climate, azure coast, developed tourist activity, and a low crime rate. Every participant, regardless of nationality, has access to medicine and education. His children also receive such rights.
Benefit 5: Fast and Straightforward Application Process
Since 2006, the application system has been restructured, and the program participation process has been simplified. The period of obtaining special status for foreigners takes from 3 months to six months. In case of accelerated submission of relevant documents, you can receive a passport within 60 days.
Benefit 6: Family Inclusion
All members of the investor’s family, including the older generation, brothers, and sisters, are eligible to reside and do business in the beautiful Caribbean Sea nation.
Conclusion
Contact Immigrant Invest, and our staff will help you choose the right way to obtain a second citizenship. Leading specialists will provide you with a list of documents you need to participate in the program with minimal intervention from you. As a result, you will have a comfortable place to live, the opportunity to engage in profitable business activities, and visit different parts of the world visa-free way.