St. Kitts and Nevis is a country with two islands and it has quickly turned into one of the most desirable tourist destinations. Additionally, this country has become a citizenship destination for individuals seeking a second passport.
This is thanks to its beautiful climate, sandy beaches and striking citizenship by investment program that has attracted investors and businessmen for decades now. Nonetheless, most people still wonder whether it is worth getting citizenship in this Caribbean paradise.
In this article, we will explore the benefits of getting St. Kitts and Nevis citizenship.
1. Allows dual citizenship
St. Kitts allows dual citizenship, meaning that you don’t have to surrender your previous citizenship. An advantage of dual citizenship is that you can enjoy citizenship privileges from both countries.
This is particularly true if you are a retiree because you will get twice the benefits to enhance your quality of life. This is a great benefit since there are countries that require you to renounce your current citizenship first before acquiring a second passport.
2. St. Kitts and Nevis citizenship 2021 allows for more travel without a visa
Once you get hold of St. Kitts and Nevis citizenship, you can travel to over 150 countries without a visa. St. Kitts and Nevis visa-Free countries list include Schengen states, the UK, Hong Kong and Singapore.
3. Residency or personal visit is not required
Unlike in other countries, residency is not a requirement for St. Kitts and Nevis citizenship. While you can decide to live in this country and enjoy its beautiful landscape, you are not required to visit or even live in the country.
4. Fast processing time
The citizenship by investment program of this island state is quick compared to other investment programs. After application, you can obtain St. Kitts and Nevis passport within 3 to 4 months. This is because residency requirements, language or interviews are not necessary.
Besides, the application process for the St. Kitts passport is made remotely through mail and online. Therefore, if you want to acquire citizenship through citizenship by an investment program, you can easily get it without even setting foot in the country.
5. Tax benefits
By acquiring a second passport for St. Kitts and Nevis, you will not be taxed on income, wealth, gift or inheritance. Also, capital gains tax is not imposed on assets that are sold after one year from the date of purchase.
Besides, property tax is considerably low. As a result of this, St. Kitts and Nevis is one of the cheapest countries to live with your family in the Caribbean. Also, the St. Kitts taxation system is considered one of the most favorable in the world.
6. Better working conditions
If you are considering getting a professional job in St. Kitts and Nevis, you will get various benefits that will help you live comfortably in the country. Not only do you get to enjoy a relaxed pace of life, but you will also get working benefits.
This is especially true for professionals in the education sector. They get a good income that is usually tax-free. Professionals working in the private sector can also benefit from a private healthcare package.
7. Get passports for the whole family
If you are thinking of relocating your family to the Caribbean, then getting investment of St. Kitts and Nevis citizenship by investment is definitely worth it. Not only does it let you reside permanently in this country, but also allows you to obtain St. Kitts and Nevis Family Citizenship for your whole family.
For a certain investment in the country, your family can obtain passports within a short period of time.
8. Business opportunities
St. Kitts and Nevis is believed to have one of the best and oldest active Citizenship by Investment programs (CIB). It is also one of the growing economies in the Caribbean.
For this reason, most investors are considering getting a second passport in this tropical paradise to obtain St. Kitts economic citizenship.
To get citizenship by investment, you can either donate to its Sustainable Growth fund or buy an approved piece of land. For the Sustainable Growth fund, you will need to make a contribution of $150,000 while the minimum investment needed for St. Kitts Real Estate is $200,000 plus other fees.
Other than getting reputable passports, you will also get offshore banking and several insurance services. You will also get exemption from taxation on any foreign income.
Additionally, there are limitless opportunities in the tourism sector for all internal companies registered in the country. Because of its beauty and favorable climate, the country experiences a lot of tourists, making it a safe haven for investing.
9. Guarantees confidentially
Once you enroll in St. Kitts and Nevis investment program, you can be assured that your information will remain private. The country guarantees full confidentiality of the investor’s finances and does not make public information about the managers or owners of the business.
10. Beautiful and healthy environment
Other than the great investment opportunities and tax benefits, the other reason why you may to get St. Kitts and Nevis citizenship is because of the country’s beauty. This country is renowned for its sandy beaches and beautiful landscape.
It is also a desirable destination for those seeking a healthy environment, thanks to the favorable weather. The islands are warm all-year round and the sunny climate has proven beneficial to those suffering from physical mobility issues.
Conclusion
If you are looking to improve the quality of life for you and your family and make viable investments, then you should consider getting St. Kitts and Nevis citizenship. St. Kitts and Nevis passport is a great option if you are seeking a second passport in the Caribbean. Invest in real estate or make a contribution to the Sustainable Growth Fund to start enjoying the perks of holding a St. Kitts and Nevis citizenship.