As we know, fish look for deeper water, and man for better places to live. So, nothing is surprising in the decision to have two citizenships simultaneously. Such an approach gives many rights and freedoms that are difficult to practice in one’s home country. One of these countries with limitless possibilities is the Federation of Saint Kitts and Nevis. An island in the Caribbean, consisting of two parts, surrounded by the sea – apart from the beautiful scenery, it has several advantages, both for the tourist and the tax resident.
Today, we will tell you about the advantages of the wealthy individual’s program, which allows you to become a law-abiding citizen of the territory quickly and hassle-free. You will also find out what steps you need to take to make the process easy.
Benefits of St. Kitts Citizenship
Regardless of your home country’s beauty, this powerhouse can impress with its natural complexes and snow-white beaches with crystal-clear waters. Meanwhile, there are at least five other reasons for St Christopher to be a family-friendly getaway. We will talk about four of them in more detail.
The benefits of St Kitts and Nevis citizenship by investment program:
- A well-developed health care system and access to international education.
- Opportunities to travel within the EU and, importantly, to spend a lot of time in your favorite place.
- A tax haven is no tax on world income, capital gains, or inheritance.
- One can settle in one of the 14 districts of St Christopher. It is also possible to settle in one of the Caribbean Community States.
- Any information about the internationalist and his family is entirely secret and is not disclosed to third parties.
According to Victor Esik (Immigrant Invest agency), contributing to the country’s economic development draws a fat benefit for the investor and his family, offers a chance for the whole family to move there, and gives agriculture and tourism a fresh push for development. Due to these tactics, since 1984, the government has been supporting sugarcane production and workers by compensating them for their hard work and developing the tourism sector.
1. Visa-free Travel
Many people cannot visit multiple powers without checks and permits, and visas tend to expire. However, with an island federation citizenship, you can travel to more than 160 countries in the Eurozone and worldwide. Moreover, the immigration program can remove restrictions on entry-exit and stay in one of the desirable visa-free countries for St Kitts passport holders.
2. Tax Benefits
Compared with other countries, in St Kitts, you do not have to pay general tax on foreign business income or inheritance tax. However, if you develop a business in the territory, you will be obliged to pay income tax as a law-abiding citizen.
3. Business Opportunities
The main advantage for a business person to obtain citizenship of an island country is that he can move freely, which is essential for a commercial traveler. In addition, the soft tax system allows a foreigner to open an offshore company here.
5. Access to Education and Healthcare
It would be best if you never feared that your child would receive a poor education on the islands. The level of health services and quality of care on the islands is relatively high. There are two large general hospitals and one district health center in Sandy Point.
Eligibility Requirements for St. Kitts Citizenship by Investment
The lack of requirements of Saint Kitts and Nevis citizenship program honors the island fish. There are no interviews or exams, and no need to live on the property during and after the process. All you are required to do is finance and pass a due diligence check. In return, you will be able to live in the territory, study, work, recover, and develop a business, and it will all become legal.
Application Process for St. Kitts Citizenship by Investment
Wealthy people can afford St Kitts and nevis investment options: in real estate or a monetary fund. At the same time, they have the right to choose between the regular and accelerated programs, valid from 2023. However, in either case, donations are the cheapest way to win time and get St Kitts citizenship by investment program.
Steps to get yourself and your family registered as citizens:
- contacting the migration company and discussing the choice of investment opportunities;
- collection of documents takes about three weeks;
- submission of the application to the citizenship office;
- payment of fees;
- verification and processing of financial and personal documents
- final payment and issuance of passport if the application is approved.
If you use the company’s services, there is no need to visit the state to apply, and all documentation will be submitted online without unnecessary stress.
Conclusion
St Kitts and Nevis passports are recognized internationally and offer several benefits. A second personal document allows you to start a new life, buy a villa profitably in the Caribbean, and open up the opportunity to enjoy economic, social, political, and religious freedom. In addition, you can start a new life together with your family. To appreciate all the advantages already, contact an international agency that will be happy to help with any questions you may have when you obtain St Kitts and Nevis citizenship.
