5 Additional Tax-Free Countries Worth Considering for Residency.
St. Kitts and Nevis
Overview
St. Kitts and Nevis is a dual-island Caribbean destination offering pristine beaches and tropical landscapes. Its culture is diverse, with African, British, Carib, and French influences.
It is an attractive location for owning a second home in the Caribbean, enjoying good air links to Europe and North America.
The citizenship program of St. Kitts was established in 1984 and requires applicants to make an economic contribution to the country. In exchange, they and their families are granted full citizenship.
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Investment: €150.000
3 - 6 months
The right of free movement to St. Kitts and Nevis, Hong Kong, Russia, Singapore, the UK, and Europe’s Schengen Area, among others
Real Estate Opportunity
What makes St. Kitts and Nevis different ?
Entire family are eligible
Including spouse, children, parents and grandparents.
Fast-track citizenship acquisition
Second passport in 45-60 days through accelerated application process.
Visa-free access to 150+ countries
St. Kitts and Nevis passport is ranked 26th in the World, It gives you visa-free access to all of the EU, UK, and Russia, among others.
Attractive tax regime
No tax on income, wealth or inheritance.
No residence requirements
No physical residency required with an option to obtain a second passport remotely.
Dual citizenship
St. Kitts & Nevis allows for dual citizenship.
Investment options:
Real Estate Option:
• 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.
Investment in government project
• US$150,000. • Single applicant, more family members comes with an additional fee. • Non-refundable donation.
Steps to follow
Step 1 - Preliminary Check:
Our specialized team will review the documentation submitted to verify that the immigration requirements are met. In addition, we will verify the transparency of investment funds. As a result, we will have a background check report and signed contract.
Step 2 - Choose of Investment:
You must select the investment option that most convinces and suits you, so that later we can start the process. If you decide to obtain citizenship through real estate investment, we will help you choose your property based on your needs and desires.
Step 3 - Preparation of documents and sending to the corresponding agency:
We take care of everything: we obtain the criminal record certificates, we fill out and complete the government forms, we certify the documents before a notary, we do the translation and apostille everything (this service has a separate cost), and then we send it to the citizenship. We present your documents independently and with strict compliance with the requirements, as well as monitoring the progress of the application. As a result, we will confirm the receipt of the documents by the government.
Step 4 - Due Diligence check:
Once the citizenship agency receives all the documents, the applicant's background check begins. In the event that additional documents are required during verification, we will handle those requests.
Step 5 - Case Investigation:
We look forward to a positive resolution and receive the new documents together with you. If necessary, we can also help you with other operational, commercial and even domestic matters (including the arrangements of additional documents).
Step 6 - Receiving Passports:
When the investment and all fees are paid, you receive the certificate of citizenship and the Passport Then, these documents are sent to you, so that after the wait, you can start enjoying them.
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FAQ
Do I have to pay taxes in St. kitts and Nevis?
No, St. Kitts is a zero income tax country. However, if you choose to live there, you will pay a VAT of 17%. You will also be subject to taxes if you incorporate your business there or buy property as there is both a property tax and a transfer tax.
Can I pass my citizenship along to my children?
Yes, St. kitts and Nevis citizenship is for forever and for future generations too.
How much is the processing time?
3 - 6 months.
What documents are required?
• A completed application form with a photograph. • A copy of your passport. • Documents that prove your income is legal. For example a employment contract. • Certificates of no criminal records. • Health insurance policy. • Payment documents confirming the payment of state duties and fees. • Documents confirming the fulfillment of the investment conditions stipulated in the application.
Is dual citizenship accepted in St. kitts and Nevis?
Yes, St. Kitts and Nevis do allow dual citizenship.
With what currency must the residency programs be paid?
This program should be paid in dollars.
How strong is the St. kitts and Nevis visa?
Visa-free travel to 157 destinations including Hong Kong, Russia, Singapore, the UK, and Europe’s Schengen Area.
Can I bring my family in this experience?
Yes, this visa allows you to bring your spouse, children under 31, parents, grandparents aged 55 and over, and unmarried dependent siblings under 31 with no children, as well as to add dependents after they have been granted citizenship.
Can citizenship be purchased with an investment in Real Estate?
Yes, there is a real estate option to get this citizenship.
The main applicant must go to St. Kitts and Nevis?
No, You won’t need to visit St. Kitts and Nevis before you lodge the application for citizenship, nor will you have to visit the country afterward.