Saint Kitts and Nevis – Become a Citizen of Caribbean Paradise
By Space Coast Daily // September 5, 2019
Saint Kitts and Nevis islands are fruitful and pleasant to live and run a business. Moderate tropical climate, gardens, forests and lagoons catch the eye with beauty and wealth.
It makes sense that tourism and agriculture are the most developed branches of the state’s economy. Current improvements in the tourism sphere and tax haven banking business are the basic reasons for why St. Kitts and Nevis immigration becomes more attractive year after year.
History of the state has been eventful for several centuries. Nevertheless, the Federation of Saint Kitts and Nevis became independent in 1983 while remaining a member of the British Commonwealth.
The state consists of two islands of the same name and occupies the territory of 261 sq. km. The territory of the country includes a national park called Brimstone Hill Fortress which is a UNESCO World Heritage Site.
Privileges of St. Kitts citizenship
Gaining Saint Kitts and Nevis citizenship by investment becomes more demanded among the citizens of different countries throughout the world.
The reason is in such positive trends in the country:
- GDP of the state is permanently growing. It evidences stable development and steadiness of the federation’s economy.
- Developed infrastructure and transport connection. Roads and railroads, seaports and airports satisfy the needs of both the middle and business classes.
- Low crime rates. Saint Kitts and Nevis aren’t as dangerous as other countries of the Caribbean region and other Latin American countries.
- Obligatory free secondary education. All children aged 5-15 should receive school education. Also, higher education is available – in pedagogic and technical colleges and the University of West India.
- Visa-free regime with over 150 countries.
Benefits of Saint Kitts and Nevis for business
The water locked country has created an attractive investment climate for businessmen. So, there is no control over currency operations in Saint Kitts, and the income which derives from outside the country is not subject to taxation. In addition, citizens don’t have to pay wealth, heritage and dividends taxes.
Unconditional confidentiality is an essential aspect of Saint Kitts and Nevis residency. No information about new economic citizens at any stage of application processing is disclosed to third parties.
As for business areas, investors who become citizens of the country can establish businesses not only in agriculture and tourism spheres.
Over the last few years, the electronic and electromechanical industry became quite active and profitable on the islands. So, in case you are interested in operating your own business there, you would have quite a number of spheres to choose from.
Options of receiving citizenship by investment
In order to stimulate the economy the country’s government has created economic citizenship programs in St. Kitts.
Two ways of becoming a citizen of Saint Kitts and Nevis via its CBI program are available at the moment:
- Make fixed non-refundable contribution to the Sustainable Growth Fund;
- Invest in real property (there is a special list of approved real estate).
The cost of a passport depends on the investment option you choose, the number of family members you wish to add to your application would also influence the final investment amount.
For your information, the minimum contribution to a state fund starts at $150,000, while investment in real property requires an additional $50,000 ($200,000 in total).
In order to understand how much St.Kitts and Nevis passport will cost in your case, visit this page, fill in the necessary fields and get free cost calculation.
Personal presence in Saint Kitts and Nevis is not obligatory to become a citizen of the federation. All interactions with the CBI Unit are conducted by special agents.
If you are looking for such agents, you can visit Migronis Citizenship website and find all the necessary information.
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