Types of visa required and processing time

If you’re considering St. Kitts and Nevis’ real estate investment option for citizenship, here are the key details:
 Investment Options: Real Estate: You can apply for citizenship by purchasing a designated real estate unit in an Approved Development. These units may include hotels, resorts, and condominiums.The minimum investment required by law is  US$400,000   (resalable after seven years) for each main applicant.

Holding Period:   Once you are granted citizenship, you must retain ownership of your St. Kitts real estate property for at least seven years to satisfy the terms of St.  Kitts’ economic citizenship program.

 Application Process:

•    Select your desired property and make a reservation.
•     Submit your citizenship application.
•    Receive your approval-in-principle letter and make the payment.
•     Obtain your St.  Kitts passport

 Due Diligence and Requirements: Applicants must undergo due diligence checks, including providing police reports and other documentation. There are no minimum stay requirements for St. Kitts citizenship holders.
 

What are the specific steps involved in applying for St Kitts & Nevis real estate citizenship program?

If you’re interested in obtaining St. Kitts and Nevis citizenship through real estate investment, here are the key steps:

Choose an Authorized Agent:The journey to St.   Kitts and Nevis citizenship begins with selecting a competent and authorized agent. An authorized agent plays a pivotal role, guiding you through the complex maze of legalities and procedures.
 Collect and Prepare Documents:  Gather the necessary documents according to the program requirements.   These documents will include your passport, birth certificate, police record, and other relevant paperwork.

  Submit Documents via Authorized Agent:Send your prepared documents through your authorized agent.  They will handle the submission process on your behalf.

Payment and Due Diligence:  Pay for the collection and due diligence fees, along with the attorney’s fee (usually 50% of the total amount).The due diligence process involves thorough background checks to ensure eligibility and compliance.

  Government Approval:Wait for the St. Kitts and Nevis government to process your application and carry out all due diligence checks.  This typically takes up to  months.

 Investment Payment: Once approved, make the required investment payment. If your application is rejected, no payment is needed.For real estate investment, the minimum investment needed is     $400,000  in a government-approved real estate development.

 Obtain Passport and Certificate of Citizenship:After successful completion, you’ll receive your St. Kitts passport and certificate of citizenship from the St. Kitts Consulate.

What are the benefits of St. Kitts and Nevis’ citizenship?

St. Kitts and Nevis citizenship offers several valuable benefits for those who choose to invest in their Citizenship by Investment Program:

  Global Mobility:

 One of the most significant advantages is increased global mobility. St.   Kitts and Nevis citizens enjoy visa-free travel to over  150 countries and territories   across Europe, Asia, and the world.

No Personal Income Tax:

  As a citizen, you are exempt from paying personal income tax in St.  Kitts and Nevis.

Efficient International Tax Planning:

  Possessing St.  Kitts and Nevis citizenship can assist with efficient and effective international tax planning and wealth management.

  St. Kitts-Nevis Passport:

  You’ll receive a St.  Kitts and Nevis passport, which grants you access to various benefits and privileges.

  Visa-Free Travel:

Enjoy visa-free travel to over  100 countries worldwide , including the UK and European Union.

 Long-Term Visas to the US and Canada:

St.  Kitts and Nevis citizens have the opportunity to obtain long-term visas to the United States and Canada.