This country represents a very popular tourist destination in the Caribbean archipelago. The unique feature is that they are offering an option of getting a full citizenship by investing in property or some business there. They are using this option to keep their economy at good state, and many people are interested in benefits they could get from this.
For example, it is a very popular retirement option. The interesting fact is that over 20,000 people already got their citizenship through this model in the last few decades. In most cases, the whole process will cost you around $150k, and you will have to wait for a couple of months until it is complete.
Moreover, you don’t need to worry about any additional requirements like learning the language, history, or tradition of this place, which is a quite common thing when it comes to getting citizenship in other countries. If you want to learn more about all details, visit https://imperiallegal.com/st-kitts-nevis-citizenship/
However, the process is not simple as some people might imagine. You cannot just go there with money and get all the rights. Therefore, the first thing to do is to learn more about the whole process, the steps of getting their passport, and the benefits from making this move. We are going to analyze more about this topic in the following article.
What Are the Requirements?
As we already mentioned, the main requirement is related to the investment of $150k. You can pay that to a special fund, or choose to buy a property there. Also, you have to be at least 18 to start this process. When it comes to other types of investments, you can pay $175k for other member of your family once you get the papers.
Also, this amount can be the same for a whole family with one or two kids. There are two models for those who want to buy the property. In first case, you can spend $200k, but you won’t be able to sell it for 7 years. You can decrease this time to 5 years, but then the minimum value must be at least $400k.
The form is not complicated, but it will need some time to process. Even though proof of payment is enough in most cases, you might have to attend the interview with officials. Some details could make the process more complicated. Therefore, the great solution is to contact some agency experienced in this area. Also, we have to mention the great thing that you can keep the citizenship of your home country as well.
What Are the Main Benefits?
This place is known for keeping great relations with all countries in the world, and there is no risk of any sort of conflict. There is a stable political and economic situation as well. Also, you can travel all over the world without having to deal with a frustrating visa approval process. You can visit EU for up to three months, six months in the UK, three months in Hong Kong, and one month in Singapore.
Another important benefit that we have to mention is related to those who are interested in visiting the United States. This country holds excellent relations with them, which led to a great policy where each person with papers from St Kits and Nevis and easily get a traveling visa for the US that lasts 10 years. This is a much better option than standard approval for people from most other places, who can get only a standard approval that will last for six months.
Furthermore, we have to mention that a lot of people choose this location to settle their business there. Considering that most businesses today are operated online, this can be a great solution. The taxes are much lower when compared to western countries, and you don’t have to pay additional fees for gifts, dividends from stocks, capital gains, and other types of income.
We have to add that this island is part of the Commonwealth union, which means that you can freely travel to the UK, Australia, New Zealand, and Canada. Your kids will immediately get the papers if you get them as well, and this can be a great way to secure their education in some of the best universities in the world.
When we compare similar options available in other countries, we can notice that this island provides all these benefits for a quite affordable amount of money. There is no other place in the world where you can get full rights with only $150k. Also, investing in property can be very profitable since this country is getting more popular over time, and many people became interested in investing there.
There is also an option to make the process even faster so it won’t last more than two months. You will get papers and a passport of this country only after three or four months. Besides that, we have to mention that you don’t have to be a resident to start the procedure. This is a common obstacle in other countries. Therefore, you don’t have to spend some time living there before you apply for citizenship.
When it comes to the procedure, the most important features that you should know about are different models that you can choose, like investing in assets, or making a payment to the fund. You don’t have to spend some time living there since there are no additional requirements. Also, it can be a great business opportunity due to low taxes and increasing popularity of this place. For instance, you can open a business and get these benefits, but also to start renting your apartment.
In most cases, the whole process will be over in around three months, and you will get all papers along with the passport that you can use to travel all over the world. The best thing is that you don’t need a visa for the UK, Canada, and Australia, while the US gives citizens of St Kits and Nevis visas that last 10 years.