For many, the first thing that comes to mind when they think of St Kitts and Nevis is beautiful beaches framing a clear, turquoise sea, dense, tropical rainforest full of exotic wildlife, and warm, friendly people. However St Kitts and Nevis is much more than just an exclusive holiday resort and a playground for the rich.
For several decades now, this Caribbean island paradise has also been synonymous with extremely favorable taxation and discrete, creative banking systems. If you are a wealthy businessperson or the director of a large corporation, it is within your interests to be aware of what Kitts and Nevis have to offer both in terms of safeguarding your assets and building your company.
If you are an EU citizen or from the United States of America, one of your biggest concerns regarding utilizing the banks and tax shelters in the Caribbean is being penalized by your own government. That is why forward thinking Europeans and Americans have taken out second citizenship to one of several Caribbean nations that offer Citizenship by Investment (CBI) programs.
What Exactly Is Citizenship By Investment?
Citizenship by Investment is exactly what it sounds like; the process of investing a significant sum into a country, either into its infrastructure or by the purchase of real estate, and in return receiving the citizenship and passport of said country. CBI has grown in popularity in the last 10 years at a rate where it is now a multibillion-dollar industry, with more countries looking to get in on the act each year.
While there will always be naysayers with concerns of potential misuse of CBI by criminals and terrorists, the process carried out by each government is stringent and all applicants must undergo a detailed background check. In general CBI is an expensive process aimed principally at high net-worth individuals looking for a second passport to improve their business, travel and life opportunities, hardly the remit of the average criminal.
For the successful applicants and the countries involved it is a win-win situation; the applicants achieve second citizenship which will open many doors for them in terms of freedom of movement and business opportunities, while the countries involved receive a much-needed boost to the economy.
Why St. Kitts and Nevis’ CBI Is Among The Very Best
Citizenship by investment is now practiced in Germany, Austria, Belgium and many other European Union nations, and even Russia, the UK and the US have their own versions of CBI. However, the very first CBI program was introduced by St Kitts and Nevis way back in 1984, and they have been upgrading and improving their program ever since.
In 2016, the same Kitts and Nevis Prime Minister Dr. Timothy Harris toured the Middle-East, targeting Dubai, Abu Dhabi and the United Araba Emirates in particular. The primary objective of this tour was to promote and strengthen the St Kitts and Nevis brand among the mega-wealthy citizens of those two countries, later stating in a press conference that the tour had been a sterling success.
He then went on to outline several key improvements to the St Kitts and Nevis CBI program that included:
- 24/7 Case Management System The first of its kind, but sure to be rapidly imitated
- System Accessibility for Applicants A system that can be tracked online by applicants who can check the progress of their citizenship application any hour of the day and any day of the week is again groundbreaking
- Citizenship between 45 and 75 days Great news for businesspeople the world over looking for a second passport and a location with favorable tax laws and discreet banking, and want to receive it as soon as possible
These improvements elevate the St Kitts and Nevis CBI program to the very forefront of the second passport market. When one takes into consideration that not only does it grant the holder access to some of the most favorable tax and banking systems in the world, the St Kitts and Nevis passport also provides visa-free access to Europe’s Schengen Area and the UK, it really is one of the very best programs available.
Further Benefits Of St Kitts and Nevis CBI Program
If you have an established business and you are looking to expand even further, you will be only too aware how the regular depletion of your assets by heavy and unfair rates of taxation, plus an over investigative (and paranoid) banking system working in cahoots with the government will limit the chances of that ever happening.
However, ownership of a St Kitts and Nevis passport will enable you to protect and increase your assets, allowing you the freedom to strategize your next business move. Here are just some of the benefits of the St Kitts and Nevis CBI program.
- Automatic membership of CARICOM (the Caribbean Community) allowing unlimited freedom of travel and work within the Caribbean
- St Kitts and Nevis requires NO previous residence before the granting of citizenship
- St Kitts and Nevis charges NO income or wealth tax
- St Kitts and Nevis citizenship is also for family members (spouse and children) and can also be passed down to future generations
- St Kitts and Nevis places no restriction on dual citizenship
- Freedom of choice regarding real estate investment
- No personal visit required
What Is Required From You
While several EU countries charge more than 1 million for their citizenship, the St Kitts and Nevis CBI program is far more reasonable, and offers two options:
A nonrefundable charitable donation for the minimum amount of $250,000 to the Sugar Industry Diversification Foundation (SIDF). The SIDF was founded by the St. Kitts and Nevis government in 2006. Its aim is to support unemployed sugar workers and to bring new developments to the country. The SIDF option is the fastest, easiest and cheapest way to attain second citizenship and the processing time takes 4-6 months.
A recoverable real estate Investment with a value of at least $400,000, plus payment of various registration and other fees. This method was popularized recently by Paul Bilzerian, brother of famous poker player Dan Bilzerian, who invested more than $400,000 in the fabulous St Kitts and Nevis Marriotts resort.
Second Citizenship Programs
For further information on the St Kitts and Nevis CBI program, or information on any of the Caribbean programs or indeed those of EU nations that offer Citizenship by Investment, contact 2ndPassports.com today.
You will find full details of all of the very best CBI programs currently available in the world, including nations that you may not have realized had CBI programs like Germany, the UK and the USA. You will also find all of our contact details on our homepage. Feel free to email us or contact us by WhatsApp or Telegram for more information or a quote. If you prefer, you can phone or Skype us and speak directly to one of our expert representatives. All calls are fully encrypted.
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