Many nations offer programs by which one can become a citizen through investing in real estate or business ventures. These programs exist for multiple reasons—they help individual investors create international businesses more easily, and they help countries bolster their economies. St. Kitt and Nevis has one of the most well-known and well-established citizenship-by-investment programs. The program there has been in operation since 1984. It’s one of the first programs of its kind and also one of the most respected. In 2011, some new regulations were adopted that sparked a construction boom. Many investors and potential investors are looking to diversify their portfolios and expand their opportunities by becoming dual citizens. Becoming a citizen is fairly simple.
St. Kitts offers citizenship through three options. The first option is a contribution of US $250,000 to the Sugar Industry Diversification Foundation. One of St. Kitts’s biggest industries is sugar production, but to maintain its viability, they need constant profit as well as diversity. Sugar is fairly one-dimensional if you just refine it to white sugar. The diversification efforts find new uses and new markets.
The second option is an investment of at least US $400,000 in a real estate project approved by the government. The benefits of this for the nation and for you are fairly straightforward. St. Kitts has a massive tourism industry. Therefore, they are always looking to build or renew real estate that will accommodate tourists. They need the influx of cash to keep their projects solvent. Since it is an investment, you will possibly make a return on your investment. Furthermore, you’re investing in real estate on a gorgeous island, and you’ll almost surely make a return on your investment.
The third option is to donate or expend any resource that brings substantial benefits to St. Kitts and Nevis. This one is a little vaguer and requires approval by St. Kitts.
Becoming a citizen of St. Kitts incurs many benefits. A company such as Berkeley Citizenship can help you apply for citizenship, so that you can reap those rewards as quickly as possible.
A passport from St. Kitts and Nevis is internationally recognised and well-regarded. So, you would be able to travel to the European Union, Brazil, Ireland, and eighty other countries with free visas. You are not required to live in St. Kitts nor have lived there before. The island has no income tax and no wealth tax. Your spouse and your children would also incur citizenship. The citizenship lasts for life, there are no restrictions on citizenship, and you can move to any CARICOM country. In addition to all of these benefits, you can also choose how you invest your money. A contribution to the sugar industry or an investment in real estate is required, but you can choose how you invest. The only real caveat is that you must hold the property in which you invest for five years before you can sell it. That means you have to be careful about investing well. That’s why you should find a broker that specialises in facilitating these types of moves.