To qualify for St. Kitts and Nevis citizenship is one thing but knowing basic FAQs would ensure a candidate is proceeding on-track. Check out a few crucial FAQs listed below;
- Geographical position of St. Kitts & Nevis and official currency
The twin or sister islands of St. Kitts and Nevis in the Caribbean are located approximately 2,000 kilometres to southeast of Miami with convenient access through flights from the US, Europe and other countries around the globe. Official currency is Eastern Caribbean Dollar represented by XCD.
- About citizenship by investment programme
St. Kitts and Nevis citizenship by investment programme initiated in 1984 making it the oldest and most trusted nationality programme as compared to many others! The initiative was taken by the official government of the country to attract well-off investors able to contribute substantially in Federation-based development projects.
Obtaining citizenship and passport in any other country even by legal means is getting difficult every day whereas factors like Brexit and Trump’s Immigration Policies further complicated the things.
In order to ensure credibility of the programme, only high net-worth investors who’re capable to contribute substantially in the country’s economy are eligible. With this, applicants must be financially strong to earn a living as well as support their family.
- Application process timeframe
The actual process time starts after complete application forms are being received by the official authorities responsible. It takes more or less four-to-six months other than a client opting for SIDF or real-estate programme.
- Difference between SIDF & real estate
SIDF is a public charity and all investments against the option are donated to the Sugar Industry Foundation which is non-refundable. On the contrary, real estate option is expensive however the amount is recoverable and owner can even resale it after a term of five years. Once sold, buyer should eventually qualify for citizenship and the cycle continues.
Real estate investment is preferred by most applicant of St Kitts and Nevis citizenship because it’s the ultimate chance of having a “second home” in this exotic island country of the Caribbean.
- Fee for children above 18 years of age
Besides the basic citizenship application charges, additional $ 50,000 USD is charged for children above 18 years of age and the requirement is from the state’s government.
- Advantages of St. Kitts & Nevis passport
- Visa-free travel for over 80 countries including those in the EU, UK, Ireland, Canada and Switzerland
- No residential prerequisite
- Freedom to live and work in the country with a legal citizen status
- No wealth or income tax
- International tax planning
- Track to second citizenship for family members
- Validity of the passport
The passport initially issued carried validity of 10 years approximately after which it can be renewed.
- Citizenship application can be refused if;
Applicant has a criminal history, unable to clear due diligence or having a doubtful reputation. All these factors may result in denial of the application by the government however, there’re rare cases such as any individual posing a certain threat to national security or reputation of the country.
The above details answer some of the basic FAQs to St. Kitts and Nevis citizenship.