Posted: Wednesday April 6, 2022
St Kitts & Nevis Golden Visa: How can you apply?
Obtaining a golden visa from St. Kitts & Nevis is probably one of the top reasons the small Caribbean country is known for. St. Kitts & Nevis is one of those Caribbean countries that probably you have read about in a magazine editorial. It is a place of majestic natural beauty with neighbouring countries such as the Virgin Islands, Antigua & Barbuda and Guadeloupe.
Reading our blog, you will have the opportunity to learn more about the country and more importantly, St. Kitts & Nevis golden visa programme stands out from the rest due to its versatility and low cost.
What you need to know about St. Kitts & Nevis
St. Kitts and Nevis is a popular tourist destination, a two-island country in the eastern Caribbean Sea. Volcanic activity has shaped these islands, which are both mountainous. Black sand beaches cover the majority of St. Kitts’ rich land. Both islands are bordered by coral reefs, and their beaches are covered in silver coloured sand.
It has a total population of 45,800 and a growth rate of 0.2% each year. Protestant and Catholic minorities make up the majority of the population’s religions. There is a Westminster-style parliament in the government. In terms of economic growth, the annual GDP rate, on average, comes in at +4.5%. Sugarcane, cotton, peanuts, and vegetables are among the agricultural goods produced whilst the islands are poor in natural resources.
Advantages of obtaining a second citizenship
Obtaining second citizenship has become increasingly common among high-net-worth individuals who want to put their money to work in promising ventures.
Taking advantage of Citizenship by Investment programmes offered by many countries throughout the world, foreign nationals can now obtain second passports and all of the perks that come with them, depending on what they are looking for. With this type of investment programme, you may be able to obtain everything from residency permits that grant you complete access to the country’s economy to the option to travel without the need for a visa.
Why should you get second citizenship?
Citizenship is the legal link that connects a person to a nation-state or other legal entity. The right to citizenship can be obtained through ancestry, marriage, birth, or naturalization.
When a person has dual citizenship, he or she is considered to be a citizen of two countries. They are entitled to every right and obligation that comes with being a citizen of each country in which they are residing.
Dual citizens, for example, have the right to vote in elections, own property, and work in both countries. When you have dual citizenship, you can travel with a passport from each of the countries in which you reside.
Securing your family’s future with second citizenship
Due to the increasingly insecure nature of the globe, holding dual citizenship is a necessary insurance policy.
Being stranded in a country in crisis or being able to escape to a safe haven easily could be the difference between life and death for you and your family. In such circumstances, having a second passport is essential for your protection.
Why should you get a St.Kitts & Nevis Golden Visa?
The benefits of getting a St. Kitts & Nevis passport are numerous. The passport of St. Kitts & Nevis entitles its owner to visa-free travel to 156 countries around the world, the most noteworthy of which are the United Kingdom, the European Union, Hong Kong, Russia, and Singapore.
Holders of St.Kitts & Nevis passports can also apply for a 10-year visa to visit and live in the United States and Canada.
St.Kitts & Nevis is considered a tax haven for many investors. The country’s income tax, wealth tax and inheritance tax stand at 0%, making it an excellent choice for any investor with ambitious plans.
One more great advantage over other golden visa schemes is the fact that you don’t have to visit the beautiful island country for the application process. The procedure of obtaining the passport is quick and straightforward, and it may be completed in as few as 45 days. If you would like to make the application process even easier, working with Holborn’s fully qualified financial advisers will relieve you from any stress you might have.
What are the St. Kitts & Nevis Golden Visa Requirements?
The St. Kitts & Nevis Golden Visa programme is among the cheapest golden visa schemes in the world. A wide variety of investment options allows you to choose the right one for you depending on your needs and budget.
Investment in property options
The St. Kitts & Nevis authorities let you decide on which investment option suits your plan. You would need to invest $400,000 in a government-approved real estate project for the first option. You’ll be required to keep the investment for a minimum of five years.
The second option included investing $200,000 in a government-approved real estate project. However, the Caribbean country’s authorities require you to keep the investment in your portfolio for a minimum of seven years.
Investment through real estate is straightforward as you will have to choose your property through a list of government-approved projects. Once you pay the deposit for the property, you will be able to pay your application and due diligence fees and submit the documents to the Citizenship by Investment Unit (CBIU).
The government authorities will review your application and, in case it is successful, you will receive a principle letter for citizenship approval. The application approval will give you the green light to conclude the purchase of the property you have selected. The last step will be to submit proof of property ownership to the CBIU and wait for your passport to be issued.
The St. Kitts & Nevis golden visa scheme includes a donation option for people who wouldn’t like to invest in property. Making a donation of $150,000 to the Sustainable Growth Fund (SGF) for a single applicant or $195,000 for an applicant with 3 dependents is your way to getting the country’s passport.
The application process is similar to the one required for the property investment options. The CBIU will run a diligence check and once they have approved your application you will have to make the necessary contribution to the SGF.
Holborn Pass opens the borders for you
Holborn Pass is a bespoke service that assists individuals in obtaining residency and citizenship in a variety of countries across the world. Our professionals collaborate with some of the most reputable investment programmes in the world, allowing you and your family to take advantage of new opportunities.
Why not download our factsheet to learn more about St. Kitts & Nevis, the benefits of becoming its citizen and the Golden Visa application process. Alternatively, our experts can guide you through your residency journey, helping you obtain your Golden Visa.