WHAT IS SAINT KITTS AND NEVIS
In the Caribbean near Cuba and Haiti runs a series of islands. Two of them - Saint Kitts and Nevis - form the state of the same name. In the western part of the planet, this federation is the smallest state in terms of the number of inhabitants inhabiting it and the total area.
On the islands lives a little more than 50 thousand people.
The area of St. Kitts and Nevis is 168 and 93 sq. Km, the capital of the state of Baster is located on the island of St. Kitts. The capital of the federation is a developed center of culture, fashion and business.
At the end of the 15th century, the islands were discovered by Columbus, and in the 17th century became a British colony and only in 1983 gained independence.
One of the factors of long-term influence of the UK was the recognition of official English.
The main monetary unit is the East Caribbean dollar, the rate of which is 2.7 against the American one.
The core of the economy are tourism and agricultural production. Since the days of colonial dependence on Britain, sugarcane, cotton and coffee have been grown here.
Due to the comfortable climate, beautiful beaches and the beauty of the local nature, created as a result of volcanic activity, the state is a point of attraction for tourists and travelers, thanks to which the tourism industry has received considerable stimulation.
The tax policy of the state offers business very favorable conditions. The opportunity to obtain citizenship opens up broad prospects for international business and visa-free travels in 130 countries.
WHAT THE ECONOMIC CITIZENSHIP IS?
Economic citizenship is understood to mean that the Federation offers Saint Kitts and Nevis citizenship for investment. The program is the first and most prestigious in the Caribbean; the rest of the Caribbean states introduced similar schemes much later, based on the idea of Saint Kitts and Nevis.
There are two options for obtaining St. Kitts and Nevis citizenship:
- Acquisition of a real estate,
- Donation to the Sustainable Growth Fund, which began its work in March 2018 and is essentially a continuation of the progenitor - the Sugar Industry Diversification Fund.
Thus, the state in exchange for financial injections into the economy of the country grants citizenship of Saint Kitts and Nevis.
Those wishing to obtain citizenship of Saint Kitts and Nevis are seriously tested by the government of Saint Kitts and Nevis for reliability, as a result of which the government can reject the applicant’s application.
OBTAINING THE PASSPRT IN EXCHANGE FOR INVESTMENTS
Sugar production for a long time formed the basis of the country's exports. One day, a lurching revenue item almost brought the state to the brink of a financial crisis. Therefore, the so-called Sugar Fund (Sugar Industry Diversification Fund) was created, whose task was to attract foreign investors for the economic recovery. In return, the state accepts an investor in the ranks of its citizens.
TO ACQUIRE A REAL ESTATE AND BECOME A CITIZENSHIP
A foreign citizen can buy property, but only from among those authorized by the government. The new owner can rent the acquired property for rent, thereby making a kind of contribution to the development of the tourism industry.
COSTS FOR OBTAINING THE CITIZENSHIP
The cost of citizenship of Saint Kitts and Nevis may be different depending on the option of obtaining it: a charitable contribution or the purchase of real estate.
In addition, there are costs for checking the credibility of the candidate, government fees and passport fees.