St Kitts and Nevis Citizenship by Investment – Benefits
The St. Kitts and Nevis Citizenship by Investment Program has changed. This video shows the latest updates on the most solid Citizenship by Investment Program. Family members can be included up to the age of 30 years old. St. Kitts and Nevis Citizenship by Investment Program has become the best program for families, if combined with a government approved real estate investment. The best part: St. Kitts real estate prices are low compared to other islands in the Caribbean. They offer a high capital gain potential up to 12% per year. Since I was in St. Kitts in 2007, we monitor the real estate market with the support of our local agents. High-class tourism is growing fast. It offers unique real estate investment opportunities if you invest in tourism real estate. With us, your government approved real estate investment will be a success story.
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Main Benefits of the St. Kitts and Nevis Citizenship by Investment Program
The St. Kitts and Nevis passport ranking is top. St. Kitts and Nevis visa-free countries 2019 are 152, including all Schengen Countries, Switzerland, UK, Russia, India, Hong Kong, Singapore and Ireland. There are no St. Kitts and Nevis residency requirements imposed. There is even no need for a personal visit to the Islands. The St. Kitts and Nevis citizenship offer a tax-free living. No income and no wealth tax. It’s lifetime citizenship. It’s a unique second passport opportunity for all your family members. It’s a small and very peaceful country. St. Kitts and Nevis are known as Switzerland of the Caribbean.
Multiple citizenships are allowed. The acquisition of citizenship is not reported to other countries. This is very important for citizens of countries forbidding dual citizenship such as Austria, Germany, Japan, Singapore, Norway, the Netherlands, Spain, China and more. Pakistan, for example, allows dual citizenship only with 18 countries.
Main Requirements to qualify for the St. Kitts and Nevis Citizenship by Investment Program
No criminal records are allowed. If you made a minor offense when you were young you should be transparent and disclose all circumstances in connection with your minor offense. You and your family should be in excellent health conditions. It helps if you have a high personal net worth. You should be prepared for making a significant contribution to the country.
The investment in the Sugar Industry Diversification Foundation amounts to 250’000 USD for the main applicant. 300’000 USD for a family with 3 family members and 25’000 USD for any additional family member. 7500 USD for the due diligence on the main applicant. The amount depends on the size of the family. 4000 USD for the due diligence on each family member over 16 years. 4000 USD for the due diligence on the financial sponsor.
Government approved Real Estate Investments for St. Kitts and Nevis Citizenship by Investment
The applicants must invest in a governmental approved St. Kitts and Nevis real estate project valued at least 400’000 USD. The property must be maintained for at least 5 years. After 5 year it can be sold to another applicant. Before investing in government approved real estate projects, you should explore projects connected to the tourism industry such as luxury hotels and 5 star cottages.
Since international luxury hotel groups are investing, all investments connected to tourism are booming. You can make from 5% up to 12% per year. I have few clients who kept their real estate investment after 5 years. If you are exploring governmental approved St. Kitts real estate project give me a call now on +41 44 212 44 04. I will give you an overview on the best performing properties available at the moment.
I will introduce to the local agents I know since I was in St Kitts 2007. If you like this video, subscribe to our YouTube Channel now and give us a like on this video. If you don’t want to miss new videos, hit the bell now.
Documents needed for the St. Kitts Passport
We will act as your service provider. We will help you collecting of the right documents. You need a short resume on you, including education and professional activities. Furthermore, you need a birth certificate, the extract of the police records, bank statements and proof of address. We will compose the application for you. We will file the application with the Citizenship by Investment Unit (CIU) in St. Kitts and Nevis.
The Citizenship by Investment Unit will review the application and conduct the due diligence on you with the support of external companies. They do an extensive background check with the most important international crime databases, the competent governmental bodies and international intelligence agencies. They check if the information provided is true and genuine. Usually, such a background check can take between 2 and 6 months. If your background is OK they give a pre-approval to your application.
What will happen if there is a minor criminal offense made in the past?
Here is my honest advice. Don’t lie in case you have committed a minor criminal offense. If you did something wrong many years ago, don’t hide it. If your lie will be discovered – and it will be discovered – you will be rejected. Be transparent. Let us discuss this obstacle with the CEO of the Citizenship by Investment Unit, Mr. Less Kahn. If a minor infraction is properly disclosed, we have a good chance to fix the problem with your application. If you lie you will be automatically rejected and you will lose your fees.
Now, after having accomplished the due diligence, you are finally invited to make the donation to the Sugar Industry Diversification Foundation or to invest in the government approved St. Kitts real estate projects.
You and your family members will receive all citizenship rights and a second passport. There are 5 countries in the Caribbean Islands offering such a second citizenship program: St. Kitts and Nevis, Antigua and Barbuda, Dominica, St Lucia and Grenada. St Kitts and Nevis Citizenship by Investment is the first country in history who invented the program in 1984. It was just one year after the independence from the British in 1983.
St. Kitts and Nevis has 54’000 inhabitants making it the smallest Citizenship by Investment country. From St Kitts you have direct flight connections to London, Miami and Toronto. Since 1984 the government has issued more than 10’000 citizenships to economic citizens. Mr Less Khan, the new CEO of the Citizenship by Investment Unit, is responsible to maintain a very high standard with the background checks. He is increasing the quality of the St. Kitts and Nevis Citizenship. The St. Kitts and Nevis citizenship by Investment Program is the most solid program among the 5 existing programs.
St. Kitts Passport Scandal
In May 2014, the Financial Crimes Enforcement Network in the USA attacked the Citizenship by Investment Program for having sold passport to criminal elements. In November 2014, Canada canceled visa-free travel for St. Kitts passport holders. St. Kitts recalled all biometric passports issued from January 2012 until July 2014 and replaced them with new passports indicating the place of birth and name changes. All passports not returned by 31 January 2015 were declared as illegal passports by the government.
I have been in St Kitts in 2007 for making my own due diligence on the Citizenship by Investment program. I met professional agents engaged with the Citizenship by Investment Program. I met people in the hotel from Iran and Russia. They participated in the program and successfully collected a new Saint Kitts and Nevis passport. They visited St. Kitts to change their names on the St. Kitts passport.
I met a Russian agent who was specialized in changing the names of the candidates. They managed the properties and collected utility bills as documentary evidence for a new residence. They were responsible for paying the water and electricity consumption bills of the clients. The Russian agent was permanently established in St Kitts taking care of hundreds of passports mainly for Russian speaking clients. They opened bank accounts in Switzerland for their clients. The Russian agent was running a successful business with his wife.
Such name changes are not anymore possible. A strict background check is beneficial to the program. It gives more international value to new citizenship. I will tell you why later in this video. If you like this video, subscribe to our YouTube Channel now and give us a like on this video. If you don’t want to miss new videos, hit the bell now.
Don’t accept passports issued based on special connections
If you document a new residence in St Kitts based on utility bills, citizenship with the St. Kitts and Nevis real estate passport combined with a new name, you become a totally different person. This was the best asset protection structure money can buy. But it was illegal. It means money laundering. It was close to impossible for the banks and the authorities to connect the funds to the effective ultimate beneficial owner.
The country even sold diplomatic credentials to a businessman from Iran, Mr. Alizera Moghadam. He arrived in Canada with a diplomatic passport. He purchased the diplomatic passport for 1 million. Iranian business people circumvented the OFAC sanctions in the USA with economic citizenship in St. Kitts and Nevis. Today, such asset protection structures are not anymore tolerated because they were misused by criminals. Gerard Depardieu became a Russian Passport due to his best connections to Putin.
Passports issued based on such special connections are not good passports. Don’t accept passports issued based on a special connection to the Immigration Minister. There is no legal basis for supporting Citizenship. Such passports without a legal basis can be revoked by the following new government. That happens in St. Kitts and Nevis. Today, the St. Kitts and Nevis Citizenship by Investment program are very strict.
That’s the reason why it has a high value and 152 countries are allowing visa-free travel. Only a very strict background check followed by a severe procedure guarantees a high value for your new passport.
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If you need a second opinion on a real estate investment with a high return in the tourism sector, give me a call now. I will give you the latest updates on the best performing investments for accomplishing your offshore plan. If you have a confidential or sensitive question on your offshore strategy, you would like to discuss with me only, grab your mobile phone now and dial +41 44 212 44 04. Give me a call. Be rich and stay rich. Have a wonderful day.