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Sunday 8 April 2018

Facts About St Kitts Passport Program

By Jose Lee


Acquiring foreign citizenship in most cases is a tedious work to do. However, you can easily acquire one from St Kitts Nevis through citizenship by investment program. This is meant to attract foreign citizen into investing in this country and acquire their full citizenship as a result. Below are essential considerations about St Kitts passport program to acknowledge.

Acquisition of visa through venturing into real estate. Real estate is a booming industry in this country because it is a renowned tourist destination. One is required to contribute a minimum of four hundred thousand dollars which does not include government fee and the citizenship cost. You need to rely on an approved and renowned real estate firm if you want to make a residence worth your venture.

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.

The hurricane relief fund. This is an investment meant to help St. Kitts citizens who were affected by the hurricane of September twenty-seventeen. This will run for six months. Investors are supposed to invest one hundred and fifty thousand dollars in acquiring citizenship.

Also, people acquire a visa through funds for sustainable development. This kind of fund is meant to improve on the facilities and service provision of this country. A foreign investor will only require contributing one hundred and fifty thousand dollars or a single applicant. A family which exceeds four members is supposed to contribute one hundred and ninety-five thousand dollars. The amount is supposed to be used in improving medical care, infrastructure, energy and other projects.

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.

Choose a consultancy agency. You do not need to travel to St Kitts to access these services. You can consider an international consulting firm which has been approved by the government of this country. You should conduct a thorough evaluation of the firm you intend to depend on since some of them might be frauds.

It is certain that acquiring citizenship in this place is the best idea for a prospective investor. This place is ranked one of the best places in the Caribbean to visit due to its stable government. Citizens have the privilege of tax exemption for any trade done internationally or locally.




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