Economic crises have become somewhat the norm during such uncertain times. This is precisely why people across the globe are trying to find ways to protect their assets from probable economical and political strife. Some of them even acquire second citizenship from another country.
The Government of St. Kitts and Nevis allows foreigners the opportunity to acquire citizenship through the country’s government-sponsored investment program. The Citizenship by Investment Unit (CIU) is the Government Authority that manages all matters concerning investments in the country. Given its establishment in 1984, this makes it the longest established economic citizenship program in the world.
Read on to learn more about the benefits of St. Kitts and Nevis citizenship.
Free Visa Travel in Europe and Caribbean
The Government of St. Kitts and Nevis uses the programs to attract foreigners to make a substantial contribution to the development of the country. You, along with your family, can qualify for citizenship through investment. If you enjoy traveling, a St. Kitts passport will enable you to travel to over 100 countries in Caribbean and Europe visa-free.
No Permanent Residence Requirement
If you don’t feel safe with your current passport, St. Kitts and Nevis is an excellent choice. The country has a good international image. It provides a number of benefits that can contribute widely to your business and personal freedom. You can even get your passport instantly without the need of permanent residence. St. Kitts and Nevis recognizes dual citizenship and you can renew your passport easily through the certificate of naturalization.
In St. Kitts and Nevis, there’s no personal income tax, estate tax, and capital gains because the country gets taxes from stamp duties, import duties, and VAT. There’s a 12% stamp duty only when you sell your property. This 12% enhances the rate of return on your property.
The Government of St. Kitts and Nevis has no specific restrictions on any particular nationals. The administration gives equal opportunity for all people who want to participate in the citizenship and passport program.
St. Kitts and Nevis citizenship is a great opportunity for those looking for a reliable second passport and citizenship. This could also be a real insurance for you during difficult times.