Legal residence in other countries often opens up new opportunities for us. It allows us to get a better education, create a thriving business abroad, and travel to new places without needing visas. According to the specialists of Immigrant Invest, an attractive prospect has, for example, obtained citizenship of the little-known Federation of St. Kitts and Nevis. This stable country in the eastern Caribbean consists of two islands and lives mainly through agriculture, manufacturing, and tourism. Locals speak English, and the government has a policy geared toward foreigners. And all this with a very low crime rate. The lucrative program allows one to get St. Kitts citizenship in exchange for appropriate investments (CBI).
Doubting whether to invest here or consider other states, including the Caribbean? On reflection, there are at least ten St. Kitts citizenship benefits. They offer good conditions for a new passport and your development. Choose the benefit that appeals to you the most.
1. Development of infrastructure.
It will be comfortable for those who are tired of the hustle and bustle of big cities but still work remotely. Universities, supermarkets, hospitals, pharmacies, and various services are on the islands.
2. Business conditions are favorable.
According to the expert of the agency Immigrant Invest Svetlana Gorchakova, the Caribbean state offers many favorable offers for people in business. For example, the country does not provide for income, property, or inheritance taxation, and each investor is guaranteed financial privacy.
3. Mobility without limits.
The absence of restrictions on travel is an important tool for the modern individual. Therefore, it is important that the citizen of this state can travel freely to almost 160 countries on seven continents.
4. Developed tourism industry.
Before the pandemic, the country had gained official status as a popular tourist destination and hosted more than a million travelers two years in a row. Moreover, investing in the state’s territory will allow obtaining a profit because every financial sector on the islands, in one way or another, is linked to tourists.
5. Having a prestigious document without losing your country’s passport.
Participating in a unique program makes any wealthy person and their family eligible for a passport of this island state. However, a serious due diligence will have to be completed beforehand.
6. English is the official language.
You don’t have to learn new dialects on purpose. The widespread use of common English allows people to communicate on any topic, whether it be education, business, or everyday matters. It is very convenient.
7. Proximity to the United States.
The state has been a diplomatic ally of America since the end of the last century. It has direct air routes to many American cities, and its currency is pegged to the American dollar. So it is another advantage of the Saint Kitts passport.
8. Digital Transformation.
The country is open to digital assets and committed to technological progress. And this is the main reason the islands are popular with technology investors and entrepreneurs. Moreover, those living in the state can trade assets such as cryptocurrency.
9. Diversification of the portfolio.
It is just the first step to spreading your investments so that your risks are not limited to just one type of asset. For example, investments in real estate will allow you to profit from the sale of this share. There will also be an opportunity to retain a certain amount of personal capital outside your home country.
10. Picturesque area
The bonus of the state is nature, as in a fairy tale! Newcomers will love the scenic panoramas, volcanoes, rainforests, and sparsely populated white sand beaches, as well as the beautiful sunny weather, regardless of the season. For both the outgoing and the immersed people, there are priority spots. St. Kitts is the big island with the most activities and entertainment. Nevis has a quieter atmosphere. There are hiking trails for walking and secluded beaches.
It is worth noting that in the first quarter of 2022, thanks to the advantages of St. Kitts, citizenship documents of this tropical country were quoted above most other similar documents of the Caribbean countries.
Investment options: exploring opportunities
What is the St Kitts CBI cost? Under this program, its foreign participant can invest such amounts in U.S. dollars:
- A one-time contribution of 150,000 to the Sustainable Growth Fund;
- In real estate – at least 200 000 for a period of not less than seven years, or from 400 000 for up to 5 years;
- the applicant with a spouse and two children must contribute 195,000;
- For an additional relative, you will have to pay an additional 10,000.
There is a $7500 application fee for the due diligence, plus an additional $4000 for each adult relative.
It is necessary to gather a preliminary package of documents, choose an investment article, and get approval to get a passport and a new license. Then an application is submitted directly for the document, the amount is paid, and the government’s decision is awaited. The application requires a good financial history, no loans requiring repayment, and no legal problems.
Here are the benefits and investment options of getting another passport to move to the land of opportunity. Once you know all the benefits of immigration to St. Kitts, decide and immigrate – a quiet job on a tropical island will qualitatively improve your life!
