One of the few places in the world that offers a government-run Citizenship by Investment Program is St. Kitts . Citizenship is ultimately awarded through this program to persons who have made large investments in the nation, particularly in real estate. In St. Kitts , the Citizenship and Passport Program was started in 1984.
What is the Process of Citizenship by Investment?
Real estate in St. Kitts require a large monetary commitment. The government will issue the investor a passport and a Government Certificate of Registration as a Citizen if this and other procedures have been satisfied. Once this procedure is finished, all documentation is identical to that of every other citizen. Then, if they choose to drive, investors can decide to get a driver’s license.
The candidate must pay a $35,000 registration fee upfront. Additional family members (dependants) must also register for a charge of $15,000 each. To become a citizen, a minimum real estate investment of $250,000 is necessary. Until the government has approved your citizenship by investment st kitts, you are not needed to pay the fees. Once you have the necessary documentation, the real estate purchase must be finalized.
You will be required to present identification during the application process. This will consist of the applicant’s birth certificate as well as the spouse’s and children’s birth certificates and/or marriage certificates (or in some cases grandchildren’s). HIV testing is required of all applicants over the age of 12, and each applicant must also provide two passport-sized pictures of themselves.
Investing in St. Kitts : Why Do It?
Anyone would want to remain there as long as possible just for the stunning scenery. Aside from that, the tranquil setting, diverse culture, and hospitable locals only serve to increase its allure. Economically speaking, it is an excellent investment if you only intended to reside there sometimes.
When you’re not utilizing your space, a real estate management company will be willing and able to lease or rent it out while also keeping your property up to date. While you are living somewhere else, you can still use the property for your enjoyment and make a profit. There are no limits if you decide to sell your property in the future, and chances are good that you will do so swiftly given the neighborhood and the desirable views.
You will also be allowed to travel to more than 65 other countries without a visa thanks to the Citizenship by Investment program, including St Lucia , Hong Kong, and more. Additionally, there is no personal income tax, which is freedom in and of itself.