Read on as our lawyers and consultants answer the most frequently asked questions regarding the citizenship investment programme of St Kitts and Nevis and explain why you should apply for a passport of this Caribbean country without delay.
1. How many countries can I visit with a St Kitts and Nevis passport?
The citizenship of St Kitts and Nevis allows you to visit 152 countries without a visa, including the EU and the UK. Moreover, this passport will facilitate a long-term (10-year) visa to Canada and the US.
2. Can I live in the EU and the UK with a St Kitts and Nevis passport?
The passport of this Caribbean country allows you to enter the EU countries without a visa and stay for 30–180 days (depending on the jurisdiction). Since St Kitts and Nevis is a member of the British Commonwealth, its citizens may stay in the UK for 180 days without any extra documents.
3. How many investors have already benefited from this migration programme?
St Kitts and Nevis’ Citizenship by Investment (CBI) is the oldest programme of this kind in the world and the first in the Caribbean. It was launched in 1984. Since then, over 16,000 applicants have taken advantage of the country’s CBI. Given the overall number of St Kitts and Nevis citizens, every fifth passport holder is a foreign investor.
4. What are the conditions for obtaining the St Kitts and Nevis passport?
You can choose one of the two options: make a non-refundable donation of $150,000 to the government fund or get a passport by investing $200,000–400,000 into government-approved property in St Kitts. In 5-7 years, you’ll be able to exit the property investment.
5. So I can invest in the range of $ 200,000–$ 400,000 based on property type. Correct?
No, based on ownership type. According to the programme, you can invest $200,000 into property in St Kitts and Nevis and become a shared proprietor. That means the property will be purchased by two or more co-owners – programme applicants. In this case, you’ll be able to return the investment in 7 years.
If you wish to be a sole proprietor, you’ll need to invest $ 400,000. The minimum investment term will be 5 years.
6. Can I make a profit from my St Kitts and Nevis property?
Sure! By investing in property in this Caribbean country, you can count on 2-3% of yearly revenues. Foreign investors usually purchase hotels, condominiums and seaside resorts.
7. Do I have to travel to St Kitts and Nevis to obtain a passport?
No, you don’t have to visit St Kitts and Nevis to process your citizenship. You can do everything, including property choice and purchase, remotely. Note! You can only apply for citizenship in this Caribbean country through an authorised agent. The Astons experts, with their 30 years of experience and flawless reputation, will help you prepare the documents, submit the application correctly and obtain the citizenship of St Kitts and Nevis.
8. Can I obtain the passports of St Kitts and Nevis for my whole family?
Of course. The St Kitts and Nevis CBI allows you to get citizenship not only for yourself but also for your spouse and financially dependent children (under 30), parents and grandparents (over 55).
9. Has the St Kitts and Nevis immigration programme changed as a result of the pandemic?
Yes, to the benefit of the investor! Taking the pandemic into account, the authorities of St Kitts and Nevis enabled the main applicant to add three family members to the application – at no cost. Thus, the donation sum for a family of four will be the same as for a single applicant – $150,000. Before these changes, the non-refundable donation for a family of four amounted to $195,000.
The Astons consultants remind you that you can benefit from this generous offer till the end of 2020. Please do not delay your application.
10. Has there been an increase in applicants for St Kitts and Nevis passports in 2020? Or is the investment migration industry in a slump?
The pandemic shook the market of investment migration. In the first half of 2020, the number of applications grew by almost a quarter.
The Caribbean region leads the game among other providers of Citizenship by Investment programmes. Analysts have already named the St Kitts and Nevis passport the most popular option of the season.
11. Is there a way to obtain the citizenship of St Kitts and Nevis quickly?
Yes. The immigration process takes 2–3 months, yet you can also file an express application. In the latter case, you’ll get the passport of St Kitts and Nevis in just 45–60 days.
12. Does this citizenship have any tax benefits?
St Kitts and Nevis offers an attractive taxation regime: there are no taxes for global incomes, dividends, wealth or inheritance. Businesses also enjoy favourable conditions: the country provides income tax exemption for the term of 15 years, and the VAT ranges between 0 and 17%.
Moreover, on becoming a citizen of St Kitts and Nevis, you’ll be able to open accounts in European banks and safeguard your capitals.
13. What are the requirements for a foreign investor within the Citizenship by Investment programme of St Kitts and Nevis?
The person applying for a passport of this Carribean state must be over 18 years old, have a clean criminal record and have no current criminal procedures.
14. What’s the term of the St Kitts and Nevis passport?
Within the investment migration programme of St Kitts and Nevis, you’ll get citizenship for life. The passport is issued for 10 years (5 years for children). After that term, you can renew it without any extra investment.
15. Can I be sure that I’ll obtain the citizenship of St Kitts and Nevis?
International experts at Astons specialise in investment migration. We’ll help you and your family obtain the passport of St Kitts and Nevis successfully. The Astons lawyers are highly skilled professionals with many years of experience, they helped a great number of affluent individuals from all over the world obtain the passport of this Caribbean state.
Thanks to the thorough, multiple checkups of documentation, the Astons clients can rest assured they’ll get a guaranteed result. 100% of our clients receive their second citizenship.
The Astons consultants remind you that you shouldn’t delay the decision: the faster you apply for the passport of St Kitts and Nevis, the faster you’ll be able to cross the borders without limitations – regardless of the geopolitical situation.
Astons is a leading global immigration advisory firm with offices worldwide. We offer residency & citizenship investment solutions in Europe and the Caribbean. For further information or to discuss your personal circumstances in a private consultation, please contact Astons at [email protected].
