Nowadays several dozen countries, including European states, ready to offer its citizenship for obtaining an investments of foreigners in the economy development of the country. The program of obtaining the citizenship are distinguished by conditions and terms.
One of such states is Saint Kitts and Nevis – small Federation, located in two islands in the Caribbean. This state was the first among the Caribbean countries which offered the program “citizenship for investments” and which realize it successfully.
COST OF A CITIZENSHIP
In order to join the ranks of the citizens of this small state, it is not necessary to be born there or to live for some time, you can simply buy the citizenship of Saint Kitts and Nevis, which is called “economic citizenship”.
Permission to receive St. Kitts and Nevis citizenship is granted if one of the following two conditions is fulfilled:
- make a purchase of real estate
- contribute a certain amount to the Fund for Sustainable Growth.
The question immediately arises, how much does the citizenship of Saint Kitts and Nevis cost?
The amount of donations to the Fund for Sustainable Growth starts from a minimum value of 150 000 dollars. Charitable contribution is non-refundable.
Investment in a real estate project, which should receive government approval, starts at 200 000 dollars. In this case, the property can be sold in the future or inherited, you can rent it out and get income.
It is necessary to add to the principal amount of the investment the cost of the applicant’s credibility check and government fees, which are charged to the main applicant in the amount of $ 7.5 000 and his dependents aged 16 years and 4 000 dollars each.
When purchasing property, state fees should be taken into account: $ 35 000 from the main applicant and his adult dependents, $ 20 000 from the spouse of the main applicant, $ 4 000 from dependents from 16 years of age.
In addition, the preparation of documents in the country of first citizenship will require costs, for example, notary services, translation of documents into English, etc.
THE CITIZENSHIP IN EXCHANGE FOR INVESTMENTS
The popularity of the “Citizenship for Investments” program of the State of St. Kitts and Nevis was added by the fact that the creator of the VKontakte network, Pavel Durov, took advantage of the offer and obtained the citizenship of the St. Kitts and Nevis Islands, which allowed him to go to the UK and live there without a visa, also visit more than a hundred visa countries, visa-free travel to which opens a new passport.