The acquisition of foreign citizenship through investment is popular in the Caribbean countries. St Kitts is the oldest nation which started this program and this year marks their thirtieth year since its inception. Foreigners who intend to consider this option need to learn a few aspects. The following are facts about St Kitts passport program to consider.
Investment in real estate. An investor who intends to venture into real estate has to achieve certain expectations. The basic amount supposed to invest is about four hundred thousand dollars with an exception of tax payment, government fee, and citizenship costs. Check for the best and approved real estate Company working in this country to ensure that your investment is made in the right way.
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.
Select a reliable consultancy agency. International consultancy companies have made it easy for an enthusiast investor to apply for citizenship from his or her country. Look for a company which has established its offices in your residence country and is related to this program as well. The charge rates might vary depending on the number of applicants you have hence you should have a couple of firms to compare.
St Kitts has been having citizen by investment for a long time hence they have established a good foundation for the success of many investments. They have also topped the list of one of the best tourism island and place to make your foreign ventures through the citizenship by investment program. Surprisingly, you do not have to pay any tax on your income when you are a citizen of this country.
Investment in real estate. An investor who intends to venture into real estate has to achieve certain expectations. The basic amount supposed to invest is about four hundred thousand dollars with an exception of tax payment, government fee, and citizenship costs. Check for the best and approved real estate Company working in this country to ensure that your investment is made in the right way.
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.
Select a reliable consultancy agency. International consultancy companies have made it easy for an enthusiast investor to apply for citizenship from his or her country. Look for a company which has established its offices in your residence country and is related to this program as well. The charge rates might vary depending on the number of applicants you have hence you should have a couple of firms to compare.
St Kitts has been having citizen by investment for a long time hence they have established a good foundation for the success of many investments. They have also topped the list of one of the best tourism island and place to make your foreign ventures through the citizenship by investment program. Surprisingly, you do not have to pay any tax on your income when you are a citizen of this country.
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