The post-pandemic society in which we all find ourselves a part of has undergone many changes from the world we knew in the past. This is not to say that this is for better or for worse, or at least so far, we cannot be entirely sure. However, what it does mean is that there are new opportunities on offer to us that did not exist before, and potential future plans some of us are dreaming of that we may not have considered had the COVID-19 pandemic not taken hold last year. One such opportunity is relocation, moving either to another place in your home country or even overseas, seeking new surroundings and a chance to make the most of the incentives on offer to investors from across the world for second citizenship and an easy pathway to a new lifestyle for you and or your business.
In today’s article, we will focus on St. Kitts and Nevis, a two-island country in the Caribbean where the capital city Basseterre is situated on the island of St. Kitts. The idea of citizenship by investment originated here, first coming about 1984 and still available today, demonstrating the success of the pioneering Caribbean nation. The information we will share should serve to assist you with your planning for relocation, hopefully helping you make an informed decision as to whether St. Kitts and Nevis deserves a spot on your shortlist.
The distinction between your choices for investment is an important place to start. With any investment involving a large sum, clarity is key, ensuring you do not enter into something without being completely clear on the implications involved with it. Below you will find a breakdown of the two different options you will have to choose between:
Investment in government project
US$150,000
Single applicant, more family members comes with an additional fee
Non-refundable donation
Investment in approved real estate
Joint investment, 2 people US$200,000 each, US$400,000 for a single applicant
Investment must be approved by the government and can be sold after at least 7 years
Some ideas include hotels and villas, with future returns in mind
These are your two options for investment in St. Kitts and Nevis, and whichever you choose comes with the reward of citizenship in the Caribbean nation. It is important to note at this point the US$7,500 due diligence fees incurred during the process, as well as another US$4,000 per additional person benefiting from your investment i.e., spouse or children over 16. However, aside from fees, the processing time of your application is around 90 days, a pull factor for those of you looking to get on with your relocation, and in a world where instant gratification is regarded so highly, the option to expedite the process makes it an attractive prospect on all levels.
If you feel this may be the right location to relocate for you, all you need to fulfil in order to be eligible to get going is:
Be over 18 years old
Have a clean criminal record
And that is it! This really is an inclusive programme where most people from across the globe are able to apply, and whereas other similar ones may be quite exclusive in terms of eligibility, you surely cannot rule out citizenship by investment in St. Kitts and Nevis due to the requirements alone.
The final element of investment that you will be interested to find out more about is the benefits that come with it:
The currency is maintained at the value of the US Dollar and the main language spoken is English
Fast approval and no need to travel there to be accepted
152 countries on the visa-free travel list
Dual citizenship is permitted
Value for money leads to a sustainable lifestyle in a safe location
The above benefits certainly outline the potential that exists for moving abroad to the beautiful nation of St. Kitts and Nevis. If you are looking to escape the hustle and bustle of urban life in a world changed by the COVID-19 pandemic, perhaps citizenship by investment is the ideal choice for relocation this year.
While information regarding these types of large investments may be daunting if you are at the beginning of your research, we would love to help you use it to be the extra encouragement you needed to get the ball rolling. So, if you would like to discover more, please do not hesitate to get in touch with us today. At Creimerman, we assist our clients with their cross-border ventures, providing a tailor-made service to make their moves overseas a success.