Dual Citizenship Through A Real Estate Investment – What You Need To Know
23 Nov 2015 in Business
St. Kitts and Nevis is one of the smallest countries in the world. Spread over a region of two islands and situated in the West Indies, this small country is the smallest sovereign state in all of the Americas. The country is considered to be a Commonwealth realm, and the British Monarch, Queen Elizabeth II is the head of state. It is one of the oldest islands in the Americas and was one of the first islands where Europeans chose to settle in the region. It is also affectionately known as the “Mother Colony of the West Indies.”
Getting a passport for St. Kitts and Nevis is one of the best ways to get access to other countries without a visa. A St. Kitts and Nevis passport will allow you to gain visa-free access to 131 countries across the globe. However, applying for a passport is a long process. It might take you a few years to get the passport in your hands. However, if you choose to apply for citizenship through their investor program, you could get the passport in less than six months. Here’s what you need to know:
The investor program is designed for people who are willing to make an economic contribution to the country. If not, you can also buy real estate within the country. In exchange for your financial investment, the country’s government will grant you and your family full citizenship. Currently, if you are willing to get the country’s citizenship, you will need to make a real estate investment of at least $400,000. If not, you can also make a financial contribution to a government-approved project, such as the Sugar Industry Diversification Foundation. The minimum amount of contribution that you will have to make is $200,000.
Apart from being granted full citizenship to the country, there are plenty of other benefits you get from the St. Kitts and Nevis programme. Here are a few of the biggest benefits that you get:
- Investments begin from just around $250,000. This is one of the cheapest programmes available today and grants you access to more than a hundred countries.
- Trading with Canada is completely free of tax. If you are thinking of setting up a trading business with Canada, you don’t have to pay a single penny in taxes!
- Upon approval, passports will be given to the whole family, including your wife, children, and elderly parents.
- An assortment of legal tax reductions and benefits.
St. Kitts and Nevis has constantly been regarded as one of the top two islands in the world to live in. There are plenty of top level universities in the country as well. It is one of the best places to settle, and the peaceful environment is an attractive option for people to retire to. If you are looking for a peaceful place to stay, St. Kitts and Nevis is a great option.