Saturday, April 7, 2018

Facts About St Kitts Passport Program

By Jose Lee


The acquisition of foreign citizenship through investment is popular in the Caribbean countries. St Kitts is the oldest nation which started this program and this year marks their thirtieth year since its inception. Foreigners who intend to consider this option need to learn a few aspects. The following are facts about St Kitts passport program to consider.

Acquire a visa through investments in real estate. Real estate is a lucrative industry which has the potential of making a remarkable income. The government of St Kitts has allowed foreign investors to acquire citizenship through this venture. The minimum amount that one is supposed to contribute is four hundred thousand dollars without the inclusion of government fee, visa fee and other costs. It is recommendable that you seek a reliable firm to ensure the security of your investments.

The government investment funds. The SIDF which means sugar industry diversification foundation is a project which is meant to compensate displaced sugar workers. The breakdown of the fee goes for two hundred and fifty thousand dollars for a single applicant. This amount does not have a government fee which applies to the investment funds. However, you need to acknowledge the amount is non-refundable despite its capacity to help you acquire citizenship.

Visa through hurricane relief fund. The government announced this ideology after the hurricane which hit the Caribbean on September two thousand and seventeen. The amount is used as a relief to help those who were affected by the disaster. The amount is also one hundred and fifty thousand dollars and will only run until March twenty eighteen.

The sustainable development fund. This is a program which will be enrolled by the government in April. The amount is supposed to be invested in sustainable projects such alternative energy, healthcare, education infrastructure and other sustainable projects. It will need a contribution of one hundred and fifty thousand dollars for a single applicant. A family which has more than four members would be required to contribute one hundred and ninety-five thousand dollars.

Importance of choosing this option. This is an opportunity for any foreigner to make a lasting investment in this country. Since this place is a luxurious tourist destination, you can make a fortune from your real estate project which is allowed to be sold after five years. Another interesting fact is that you can access more than one hundred countries worldwide without a visa and acquire dual citizenship unless you are an American or Canadian.

Seek for a reliable consultancy agency. One does not need to seek for an embassy or travel to their country to acquire citizenship through this project. You can leave all the hustles to a consultancy firm which is affiliated with this program. Choose a company which has been certified by the government of St Kitts and is renowned for its quality services as well. You will learn more about this from the respective firm.

St Kitts has been having citizen by investment for a long time hence they have established a good foundation for the success of many investments. They have also topped the list of one of the best tourism island and place to make your foreign ventures through the citizenship by investment program. Surprisingly, you do not have to pay any tax on your income when you are a citizen of this country.




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