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Essential Considerations About St Kitts Passport Program

By Jose Lee


St Kitts Nevis is one of the Caribbean island countries. It is known for its acquisition of citizenship through investment which has been lasting for thirty years. This program engages foreigners to invest in different sectors especially in real estate to acquire permanent citizenship of the respective country. Here are a few important aspects about St Kitts passport program that one should bear in mind.

Acquire a visa through investments in real estate. Real estate is a lucrative industry which has the potential of making a remarkable income. The government of St Kitts has allowed foreign investors to acquire citizenship through this venture. The minimum amount that one is supposed to contribute is four hundred thousand dollars without the inclusion of government fee, visa fee and other costs. It is recommendable that you seek a reliable firm to ensure the security of your investments.

Citizenship through government funds. You can as well acquire citizenship in this country through a program known as the sugar industry diversification foundation or the SIDF. The amount is used to compensate members of the sugar workers. This amount is non-refundable, but it is worth investing since it amounts to two hundred and fifty thousand.

The hurricane relief fund. This is an investment meant to help St. Kitts citizens who were affected by the hurricane of September twenty-seventeen. This will run for six months. Investors are supposed to invest one hundred and fifty thousand dollars in acquiring citizenship.

The sustainable development project. This is a new program which is to be enrolled in April. It is meant to raise enough income for sustainable projects within the country. This includes education, renewable energy, infrastructure, healthcare and other sustainable projects. A single application runs for about one hundred and fifty thousand but for applicants beyond four are supposed to contribute one hundred and ninety-five thousand dollars.

Advantages of this consideration. You have a wide range of benefits to achieve the moment you have subscribed to this program. This starts with the capacity to sell your real estate project after five years. It has potential to sell at a profitable amount since this is a good tourist destination. Other benefits include the capacity to travel to about one hundred and sixty countries visa-free and acquisition of dual citizenship with an exception of the United States and Canada.

Choose a consultancy agency. You do not need to travel to St Kitts to access these services. You can consider an international consulting firm which has been approved by the government of this country. You should conduct a thorough evaluation of the firm you intend to depend on since some of them might be frauds.

It is certain that acquiring citizenship in this place is the best idea for a prospective investor. This place is ranked one of the best places in the Caribbean to visit due to its stable government. Citizens have the privilege of tax exemption for any trade done internationally or locally.




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