Every person becomes a citizen of his country by birth. This means that he receives citizenship that confirms his belonging to that country, that is, to the community. It is very common for people to renounce their citizenship in order to obtain it from another country, and there are also some countries that allow their residents to have dual citizenship. This can be very useful in many cases.
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Why do people renounce their country’s citizenship?
Source: findlaw.com
It is human nature to try to provide the best possible living conditions for yourself and your family, and very often this means moving to another country or simply starting a business in a country that offers favorable conditions for foreign citizens. One of such places is St Kitts and Nevis is an island in the Caribbean Sea. Considering its natural beauty, this place is an increasingly popular tourist attraction, which means that it is an increasingly desirable place for potential investors. Now we come to the part that interests us the most, which is how we can enter this country, whether it is necessary to be its citizens, and so on.
Are these islands worth investing in?
When we talk about the official language, it is English, but the influence of different cultures – British, Caribbean, French, and African – can be noticed. Considering the natural beauty, we have already said that the location is excellent for tourism and that more and more people are interested in taking that step. This is supported by real estate prices, which are still more favorable than on other Caribbean islands.
Requirements
For everyone who is interested in such investment, you must know there are certain request to be met. Depending on how you want to get citizenship, its conditions also depend. Here we are talking about the St Kitts Nevis citizenship by investment program, which since 1984 has attracted many interested parties and thus brought the island itself a great profit and an opportunity for further development. Those who decide to invest in order to get a passport will have to allocate a certain amount of money, not less than $125,000. In addition to this, it is necessary for the investor to be of legal age (over 18 years old), to have no criminal record, to prove the origin of the money coming in, and so on.
Do I have to be in St Kitts and Nevis to apply?
Source: globalresidenceindex.com
It is not necessary to come in person to apply for citizenship, which is a facilitating circumstance. It is enough to choose an authorized agent to do it for you, fill out the application and wait for everything to be done.
How long do I have to wait for citizenship?
In order to become a citizen and get a passport to this country, it will take approximately three months, which we will admit, is not long. There is also the possibility of issuing passports in 60 days if it is important to you to get it as soon as possible.
Benefits of St Kitts and Nevis passport
It would be pointless to have this precious personal document but not use it for traveling because this passport opens the door to 165 destinations around the world, which is, we must admit, more than useful. Also, St. Kitts is a beautiful Caribbean island known for its luxury resorts and pristine beaches and is an excellent choice for second citizenship because of its stability, English-speaking environment, and beautiful scenery. It is good to know you have the possibility to travel here whenever you want.
One of the greatest privileges when it comes to finances is the fact that there is no personal income tax, gift tax, death tax, property tax, inheritance tax, and capital gains tax.
Who can be included in the application?
Family members – spouse and minor children, unmarried dependent children older than 18 and younger than 30 years old, dependent parents, as well as brothers and sisters of the applicant, if they meet certain conditions – can be included in the passport application.
In what other ways is it possible to get St Kitts and Nevis citizenship?
Source: best-citizenships.com
In addition to the citizenship by investment program, there are other ways to obtain citizenship of another country, and one of them is acquiring it on the basis of parents, by getting married, and so on. In any case, these are options in which no one will guarantee you that the procedure will be fast.
The most difficult part of acquiring citizenship by origin is not only collecting the necessary documentation, but creating a reasoned request that will not be rejected by the administrative bodies.
Is it worth having St Kitts and Nevis citizenship?
With this citizenship, you will have a permanent residence permit on one of the best Caribbean islands, and as we have already said, you will have the opportunity to travel to many countries, as well as enjoy tax exemptions.
What else you should know?
Another good news is that from the beginning of 2023 it was introduced that all the development projects that are eligible for real estate investment will be reviewed, and it was pointed out that the minimum investment of the main applicant is 125,000 dollars, and if the spouse joins him, 150,000 dollars. For a family of four, the minimum investment amount is $170,000, and an additional $10,000 for each subsequent minor dependent member, and $20,000 for an adult dependent member. If the application is submitted under the Limited Time Offer, then the subject and visa issuance will be processed quickly.
Final thoughts
As we see, exactly this program is one of the most popular options for those double citizenship because it allows people to take a chance to get a citizenship by investing in this island. As we already said, it is a beautiful island and there is no doubt you will be able to make a good business while enjoying.
