Like certain countries worldwide, St. Kitts & Nevis is one of the countries that offer a Citizenship by Investment program. Having first launched in 1984, their investment program is the oldest program of its kind. Today, it has become a popular choice for investors seeking second citizenship and passport for them and their families. This is because the St. Kitts & Nevis program is one of the most affordable programs right now and includes a string of benefits for investors to enjoy.
One of the benefits of having a St. Kitts & Nevis second passport is that it allows investors to visit over 150 countries visa-free and visa-on-arrival, which saves investors a lot of time, money and energy. Many investors know how stressful and time-consuming the visa process can be and the fact that some countries can reject visa applications based on their country of origin.
The Value of Second Citizenship
Confirming the value of second citizenship and passport, CEO of Savory & Partners, Jeremy Savory says, “We’ve had a lot of European, Western clients that want to be strategic with their tax planning and passing on inheritances. We also have Middle Eastern clients facing challenges, where they don’t feel like they can travel freely into the Schengen zone in Europe, or to the UK or the US. Citizenship by Investment gives them a plan B.”
Some of the destinations that offer visa-free or visa-on-arrival access to St. Kitts & Nevis passport holders include certain countries within the Schengen area, the United Kingdom, Hong Kong, Singapore and Russia as well as African countries like Botswana, Zambia and Egypt.
Apart from the extensive list of countries investors with St. Kitts & Nevis passport can travel to, visa-free, they can also enjoy other benefits, including:
St. Kitts & Nevis offers investors and their families lifetime second citizenship and passport that is irrevocable.
While the time to citizenship can take between 4-6months, there is also an option of an accelerated application process of 90 days.
Investors are exempt from paying taxes on wealth, inheritance, capital gains, and gifts.
Dual citizenship allowed
St. Kitts & Nevis recognizes dual citizenship, so investors will never be asked to renounce their original citizenship.
No residency needed
Investors are not restricted or required to live and reside in St. Kitts & Nevis when acquiring second citizenship and passport.
For investors to become a St. Kitts & Nevis passport holder, they can invest in two options:
Single applicants can contribute $150,000 to the government’s Sustainable Growth Fund (SGF), or a family of up to 4 can contribute $195,000 + costs. Any additional dependants on top of this will have to contribute a further $25,000 each.
Limited Time Offer
Effective immediately, families of 4 can now benefit from a $45,000 price reduction and contribute just $150,000 to the SGF up until 31 December 2020.
St. Kitts & Nevis Citizenship Investment Unit Chief Executive, Les Khan explains the new price reduction of a family contribution, saying, “We are delighted to offer – for a limited period while the world grapples with the pressures of the COVID-19 pandemic – all of the benefits of full economic citizenship at an even more competitive rate for families, and with a new paper-free application process.”
Real Estate Investment
This investment option needs to be in designated, government-approved real estate property that can only be sold after 5 years (minimum investment of $400,000) or 7 years (minimum investment of $200,000).
Are you looking for another Citizenship by Investment program to invest in for you and your family? Or are you thinking about investing in a Residency by Investment program to obtain permanent residency status in Portugal or Cyprus? Our specialist agents have all the answers to your questions and will gladly assist in selecting the right investment program suited to your financial needs.
Savory & Partners is a government-approved agency that specializes in helping investors invest in the right Citizenship by Investment program. We have helped numerous families worldwide and within the Middle East obtain second citizenship and passport. We work closely with governments during the entire application process and verify that all paperwork and documentation are valid.
Book a free online consultation today, or to learn more about the different investment programs on offer and the benefits associated with dual citizenship. Contact one of our agents today and guarantee a better future for you and your family.
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