September 25, 2021 | By admin | Second Citizenship | With the onset of the global lockdown and COVID’s ever-so-increasing regulation, it has become integral to have a backup of a second passport to gain access to another country and travel freely worldwide. If you did not know, such an option is typically offered by a growing number of nations through their residency or citizenship by investments programs and schemes. Moreover, some of the countries also require a meager investment amount for a residency permit. On the other hand, many other nations offer full citizenship. However, in such cases, the financial contribution requirement lies on a higher side. That is because several considerations come into play like climate, processing time, economic stability, and social safety, along with the healthcare system. One may wonder whether a country of such a status exists with all the mentioned considerations and factors. Well, the good news is that St. Kitts and Nevis are right here. This two-island gem is a country that was once known as a sugar farming nation, later transformed into a desirable and safe tourist spot. Furthermore, it became a citizenship destination. Why St. Kitts and Nevis With its sandy and sunny beaches, low crime rate, good health care, and good national infrastructure, the island has transformed into the fastest growing economy in the Caribbean region. Meanwhile, the country has welcomed several investor migrants for more than a decade now. Their citizenship by investment program is known as the standard platinum brand in the entire global marketplace of such schemes and programs. A Passport Known For Freedom Once an individual makes a financial contribution, he or she with their respective families can get the nationality and internationally reputable passports, providing the bearers the much-needed freedom of international travel with access to 156 countries globally. Wondering what all nations can you travel to without a visa? These destinations include the European Union, Ukraine, the United Kingdom, Russia, and entire South America. Ideal For Business Operation With an ideal passport to citizenship and travel seekers, the island nation offers worthwhile offshore banking with various insurance services. All of this is in a tax-friendly surrounding. Moreover, the nation guarantees financial privacy as well. This simply implies that they do not make your information public about top managers and owners of offshore businesses. What Does St. Kitts & Nevis Offer? St. Kitts and Nevis’ real estate investment requires investing in a pre-approved project like purchasing villas, hotel shares, or condominium units. The investment amount is around $200,000 U.S., for a minimum of seven years, or $400,000 U.S., for five years. Besides submission, processing and non-refundable due diligence fees can also apply. The entire purchase cost doesn’t comprise reasonable conveyance and insurance fund contributions fees. If you’re looking to invest in the SGF or Sustainable Growth Fund Contribution, here are the requirements as follows: You must contribute a minimum of $150,000 U.S. (non-refundable). The applicant with 3 dependents should include 2 children and a spouse. And they should contribute $195,000 U.S. (non-refundable). If you have an additional dependent, you need to bear a minimum cost of $10,000 U.S., irrespective of age. After you have successfully submitted the paperwork under the residency by investment program, non-refundable processing and due diligence fees will be placed, which equals $7,500 U.S. for a primary applicant and another $4,000 U.S. for every dependent. The dependent who falls over the 16-years mark would also incur a cost. Who Can Help? If you’re looking for Immigration Consultants In Dubai, look nowhere else. Flying Colour encompasses a team of professionals who will not only simplify your immigration process but will update you with all the insights and information integral to your candidature and position.