St Kitts And Nevis Economic Citizenship Programs
By: Aliceshown | Posted: 24th November 2010
A number of independent nations have adopted citizenship programs that make it possible for people of high worth to acquire citizenship provided they make a direct contribution to the state, which will, in turn help the development of the country. St Kitts and Nevis citizenship programs were established in 1984, making the program one of the longest economic citizenship programs.
St Kitts and Nevis is an English speaking independent state that is situated in the northern parts of the Caribbean. There are two islands in this Federation, namely St Kitts and Nevis. The Federation is a former British colony and is currently a member of the UN and the Commonwealth of Nations. This is a pleasant place to love in, with trade winds keeping the peaceful islands cool throughout the year, making this place a true embodiment of the lush tropical paradise that is commonly seen in the South Pacific. The two islands together have a population of approximately 45,000.
The calm and peaceful islands offer great investment opportunities for businesspersons. Besides the cultured and educated populace, the place also offers other incentives like tax breaks for 15 years, probable tax free entry of goods to the US and repatriation of profits. The place also gains much from European imports.
It St Kitts and Nevis, citizenship may be acquired by investing money in real estate. The Government is encouraging foreign investors of good character to invest in real estate with certain values. If an applicant is willing to invest, then, they may upon paying the registration fees, obtain citizenship to the Federation. The fees are not exorbitant but include government fee of $35,000 for a single applicant and $15,000 additionally for dependants. A due diligence fee must also be paid along with the purchase cost of 10% of the purchase price.
Alternatively, the investor may make a non-refutable contribution into the Sugar Industry Diversification Foundation (SIDF) depending on the number of dependants. The contribution amount includes government fees and due diligence. However, processing fee is not included in this amount.
St Kitts is an attractive place for the ownership of real estate. The citizenship program also approves of a number of excellent real estate development programs. Also, the St Kitts and Nevis passport is very well regarded as only a few passports have been issued here. Therefore, unlike holders of passports from Dominica, Grenada or Belize, these passport holders enjoy excellent reputation overseas and may enjoy extensive visa-free travel.
Thus, the St Kitts and Nevis citizenship program is an attractive option for investors and businesspersons. Visit Cgcinconline.com for more information!This article is copyright
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Tags: due diligence, foreign investors, good character, investing money, registration fees, repatriation