In the interest of drawing investors from around the world to the Caribbean, the governments offers the opportunity to establish second citizenship through an investment program. St Kitts & Nevis citizenship can be established with a financial donation or through a recoverable real estate investment.
Individuals hoping to establish such residence must have the economic means and qualify for a St. Kitts Nevis issued passport. Those who hope to gain this type of citizenship must be prepared to contribute at least $250,000 to the Sugar Industry Diversification Foundation (SIDF), pay processing fees, and pay a due diligence fee. Upon issuance of a passport, all rights to refund are forfeited.
The benefits of St. Kitts & Nevis citizenship are broad. For one thing, your passport gains you visa-free entry into over 100 countries. Valid for ten years, your passport is renewable, but the time to process new and renewing passports can take up to six months.
People who hope to gain citizenship via a recoverable real estate have a higher cost to implement. Anyone who hopes to establish their St. Kitts & Nevis citizenship in this way will have to invest at least $400,000 in real estate projects within the area, pay all related fees, and pay property purchase costs. Because of the high initial expense of such citizenship, many people choose the donation option.
Dual Citizenship, Dual Benefits
Contributing to SIDF allows entire families to hold dual citizenship. Identified as citizens of both their home countries and the Caribbean, these people are uniquely poised to enjoy the benefits of being part of two national communities. Furthermore, their donation increases the quality of life for native citizens of the Caribbean. The primary focus of the SIDF is support of workers displaced by the changing sugar markets. These workers most often have families to support, and without the funds this citizenship opportunity generates, they and their families would not have their health, educational, and housing needs adequately met.
Taking the time to learn more about St. Kitts & Nevis citizenship opportunities can help you to make a decision that increases your standing in the world. Holding dual citizenship is a good move for investors and families, and this structure ensures that all involved stand to gain a better world.