Why You Should Obtain Citizenship by Investment in St. Kitts – Tips and Benefits
St. Kitts citizenship by investment was the first program of this type, launched in 1984. Since its launch, more than 20,000 people have gotten their passports. It has been attracting entrepreneurs, foreign investors, and businessmen from around the world ever since.
If you decide to get a second passport, St. Kitts and Nevis citizenship could be a great option. There are a lot of benefits to obtaining citizenship, and in the following blog, we’ll discuss some of them.
St. Kitts and Nevis passports offer a lot of benefits and opportunities for you as an investor and your family. You can travel without a visa to 156 countries across the globe. The St Kitts passport allows 90 days in the Schengen Area of Europe, 90 days to a year in Hong Kong, 180 days in the UK, and 30 days per year in Singapore.
This ease of travel can be important to you as an entrepreneur and business owner, it can make it easier to travel often to another country to obtain supplies, or collaborate with new clients.
If your children plan on studying at a university abroad, this visa would allow you to visit them freely. You could easily get that if you obtain St. Kitts and Nevis citizenship by investment and travel easily without having to wait for a specific country visa each time you travel.
With the B1/B2 visa, you’ll be able to travel to the USA for medical treatment, tourism, or business for up to 6 months in a year. The visas are issued instantly and are valid for 10 years. Citizens of St. Kitts and Nevis face slightly fewer difficulties in obtaining a visa compared to other citizens.
Citizenship by Inheritance
Citizens who have obtained citizenship by investment can transfer it by inheritance to their family and descendants. The investor’s children and other members of the family can become citizens in St. Kitts and Nevis under the age of 18.
Quicker Processing Time
If you apply for citizenship in St. Kitts and Nevis you’ll find that the process usually takes around two months. Previously, citizens had to wait three to six months to obtain citizenship, now it’s far less if you choose this option.
While the application is being revised, the country doesn’t require you to reside there even after the citizenship has been approved. Citizens can get a passport without even having to visit St. Kitts and Nevis.
Benefits for Commonwealth Citizens
As you already might know, St. Kitts and Nevis is a member of the Commonwealth of Nations. There are a lot of benefits for these Commonwealth participants. Some of them include scholarships for studying in UK universities, protection of the embassies, assistance, and visa-free entry to Commonwealth member countries.
Own a Property in Another Country
If you go with the option of purchasing real estate, then not only do you get the benefits of citizenship, but you are also lucky enough to own a property in one of the most beautiful countries in the Caribbean.
An investor can invest in a villa, buy an apartment or invest in a stake in a hotel complex. The stakeholders receive dividends from the hotel income, while real estate income on average is 4% annually.
To be able to invest in real estate, you need to choose an escrow agent, conclude an agreement to purchase the real estate, and open an escrow bank account. In case you find this too troubling for your taste, you can hire a licensed program agent who will take care of everything. Moreover, you can rent the property if you are not living there and sell it for a profit a few years down the line.
St. Kitts and Nevis is a small island nation that is very strict in delivering information to third parties regarding its citizens. Your participation in the program citizenship by investment will remain a secret and you’ll enjoy total confidentiality and privacy.
While the tourism sector is pretty developed in this country, the government has a wise tactic of using foreign money by investing in local infrastructure. This creates several opportunities for international companies that are registered in the country.
St Kitts Citizenship
It’s been commented that a St Kitts and Nevis second citizenship is one of the best in the world, and now you know the benefits, what is stopping you from applying? Be sure to use a reputable service when applying and look forward to a world of new opportunities.