St Kitts launched the first citizenship by investment programme 35 years ago
Published at: 10/07/2019 04:33 pm
St Kitts and Nevis maintains the most traditional citizenship by investment programme and still offers one of the best passports in exchange for a contribution or real estate investment.
Historically, there are older citizenship by investment solutions than St Kitts' grand scheme. For example, in Austria, but the Caribbean tropical dream island nation was the first country to market and launch real citizenship by investment programme in 1984. Before that date, Saint Kitts and Nevis was an associated state of the UK.
The passport is a Caricom travel document as Saint Kitts and Nevis is a member state of the Caribbean Community. Holders of the Kittian passport can enter visa-free or by visa upon arrival in 153 countries. In March 2015, Saint Kitts and Nevis had the most popular scheme to buy a passport. Moreover, the twin-islands only disclose a limited amount of financial information, and there are no income or capital gains taxes.
"While over three decades have passed, St Kitts and Nevis programme remain the first and the best in the world", said Prime Minister Timothy Harris to journalists during a press conference.
There is no residency requirement for applicants, and they don't even have to visit St Kitts to receive the naturalisation documents and their passports only three months after the submission of the necessary documents for the citizenship.
There are two options to become a citizen of St Kitts and Nevis in exchange for investment.
Contribution option for the St Kitts citizenship
Applicants can contribute to the Sustainable Growth Fund a minimum of 150,000 USD. For a family of four, the amount is 195,000 USD.
Real estate investment option for the St Kitts citizenship
Applicants must purchase real estate in St Kitts or Nevis for 200,000 USD and must maintain their ownership for seven years. There are additional legal and state fees.
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