St. Kitts Citizenship by Investment: Flyingcolour Immigration

Overview of St Kitts & Nevis

About St. Kitts and Nevis Citizenship Programme

St. Kitts and Nevis is a combination of dual islands, one of the beautiful Caribbean destinations, offering pristine tropical landscapes and beaches. It has a diverse culture, with British, African, French, and Carib influences. Moreover, what would be best if you could own your second home in the Caribbean region? Besides, the dual-island destination also has good air links to North America and Europe.

The programme of investment programme of St. Kitts and Nevis was established in 1984, which requires applicants to make specific economic contributions to this nation. However, in exchange, the contributors/investors and their families will be granted full citizenships with multiple benefits. Furthermore, the legal basis concerning the citizenship-by-investment programme here is contained in Parts like II, § 3 (5) of the Citizenship Act, 1984, which also goes under Saint Christopher and Nevis Regulations, 2011.

Such provisions allow the government of this nation to operate and administer a programme under which citizenships are granted to people who qualify under such criteria brought forward by the cabinet decision. The entire family, along with parents, can be eligible and join the program. One can also acquire St. Kitts and Nevis passport within three to six months or via an accelerated procedure that usually takes around a couple of months. The process is carried out confidentially and remotely

Benefits of St. Kitts and Nevis Programme

Irrecoverable citizenship is granted to those who apply for citizenship by investment programme.
He or she can travel to 154 countries visa-free, including European nations like the EU, UK, and Brazil, etc.
If you have opted to apply for the procedure, know that you are not required to stay within the country during or post-application period.
The entire method is quick and easy, which allows you to have your St. Kitts and Nevis passport within 3 to 4 months.
One should know that an applicant is not required to go for an interview or require the English language.
The taxation of this nation is beneficial to residents and citizens, i.e., the income that you earn outside this nation will not be taxed.
St. Kitts and Nevis is a member of the Commonwealth, which allows their citizens specific privileges in Commonwealth countries and the UK.
You can rent out the property during your ownership and produce an income between 3 to 5 percent per annum.

Who Can Obtain Citizenship of St. Kitts and Nevis

Investor

Without criminal records
Have to be over 18 years
With legal income
Not under any sanction
Has to pass the diligence check
No visa refusal

Spouse

Children Under 30

Should be financially dependant on the investor

Parents of the spouse or investor

Financially dependant
From 55 years of age

Sibling of the spouse or investor

Up to 30 years of age

Steps To Obtain Citizenship of St. Kitts and Nevis

To qualify for this programme, firstly, you will have to make a non-refundable contribution of about USD 150,000 against the SGF or Sustainable Growth Fund for one applicant or a family that has up to four members.
The investment in the real estate sector should be a minimum of USD 200,000 or USD 400,000 from approved real estate developments.
Only a law firm can apply for St. Kitts and Nevis investment programme.
The compliance anti-money laundering official will review your documents and warn the government of potential risks.
While entering into an agreement, you may require to enter the cooperation agreements with the nation’s licensed agent to acquire citizenship.
The licenced agent company will collect the citizenship documents and translate, complete and apostille the government forms.
Verification will occur remotely, and the investor does not have to be present.
In the last step, you can receive the citizenship documents through the licensed agent or by courier.

FAQ of St Kitts and Nevis Passport & Citizenship

Are there residency requirements in order to apply for the St Kitts And Nevis Passport?

There are no specific requirements to visit the beautiful Caribbean nation, Saint Kitts and Nevis, during your application process, and no need for a residency requirement to hold its passport.

How long will my passport be valid?

Post-approval, your Saint Kitts and Nevis passport issued will be valid for a total of ten years, and one can renew it indefinitely. However, for children under 16, passports will be only valid for five years.

How long will an applicant take to finalise a deal in this dual-island nation?

Finalising and closing an investment property here will occur once you have been granted approval and your passport has been issued. This takes 3-4 months.

Will the unborn child gain citizenship by default?

Yes, if both father and are citizens of this nation, the unborn child will by default inherit and gain the citizenship of St. Kitts and Nevis.

Can two or more people apply for citizenship by investment programme together?

Yes, they can apply for citizenship together by investing in a pre-approved real estate project.

Will it be possible and applicable to return the investment?

Yes, this would be very much possible, but only if you op to buy real estate. The project can be sold in five to seven years.

What are the opportunities for citizens who fall under this programme?

From visiting more than 155 countries visa-free to registering a business and educating your kids in St. Kitts and Nevis, you can enjoy several benefits.

What kinds and types of projects can you buy?

You can purchase a cottage or an apartment that the state government approves. However, you can sell it in five to seven years.

Which citizenship by investment programme has the minor investment?

The least amount of cost lies in the non-refundable option. However, you may have to pay around $150,000 to the SDF or Sustainable Development Fund.

Will it be possible to become a tax resident?

Yes, one of the agreements has been sanctioned between Russia and St. Kitts and Nevis – a double taxation avoidance agreement. Changing the tax residence allows you to minimise your stake and protect your assets.