The government of Caribbean islands of St Kitts provides a wide range of incentives so that a lot of foreign investment is attracted to the islands. The 1984 law for citizenship of this island has stated the rules for getting a citizenship to these islands. Chapter VIII of this law of the Federation states that according to certain criteria, the citizenship to ST Kitts can be obtained through investment in this island. This citizenship is granted to the people applying for a citizenship only if they are able to meet certain conditions laid down by the government.
Come enjoy the benefits of having a St Kitts citizenship
All those who become the citizens of St Kitts are benefited of living in this place without having the burden of paying taxes.
Passports that are internationally accepted and valid are another added feature of this citizenship.
A reciprocal agreement was agreed upon by the Federation of ST Kitts and Nevis and the European Union in the 2009. They had mutually agreed upon a regime that is visa free travel to the EU countries. All the citizens can travel and live in the EU countries without having a visa for a certain time period which has been specified in the rules.
Come enjoy the benefits of having a St Kitts citizenship
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All those who become the citizens of St Kitts are benefited of living in this place without having the burden of paying taxes.
These benefits show the respect and the value of holding a ST Kitts citizenship.
The basic requirements for St Kitts Citizenship by Investment
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There are basically two ways that the government has specified to get the citizenship:
1. By purchasing a property which is approved by the government under the investment project. Even the areas for investment have been designated by the Federation which are under this scheme. They have even specified the purchase price and the minimum purchase criteria which is $ 400,000 USD. As per the rule you cannot sell off the property within a time period of five years from the date of investment.
2. The second option that is available is a donation which is non refundable to the sugar industry. This is the SIDF (Sugar Industry Diversification Fund) plan.
Additional Requirements of investment plan
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Other than the above mentioned things, there is a one time registration fee that is mandatory. This fee differs from the main applicant to the spouse. Even the children and any other dependent person have to pay this fee as specified in the rules by the government. There are a number of procedures that you have to follow and a local service provider would be of much help when it comes to handling the legal things.
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For more information about St Kitts Citizenship by Investment please visit our website – http://www.kittitianhill.com/st-kitts-nevis-economic-citizenship/ or contact us sales@kittitianhill.com Tel:- +1.869.4661712. Fax:- +1.869.4652452 , Address:- Belmont Resort Ltd PO Box 1208 A-10 Sands Complex Bay Road, Basseterre St. Kitts, West Indies.
Other St Kitts Citizenship by Investment Related Posts:
Perfect Documentation Makes Getting a St Kitts Citizenship Easier
St Kitts and Nevis Citizenship: Every Investor’s Dream
St. Kitts Citizenship and Different Aspects of The Country
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