The “Economic Citizenship Programme” established by the Government of St. Kitts offers people the chance to obtain St. Kitts citizenship for themselves and their dependents* in addition to their present nationality without having to actually reside in the area or travel there. The program’s simpler international travel, opportunity to live abroad for relatively long periods, inheritance security, and tax benefits are all intriguing aspects.
Simplified international travel and residence
Most members of the British Commonwealth and the European Schengen nations are accessible to St. Kitts citizens without a visa or with a stamp upon arrival. Citizens of St. Kitts are allowed to stay for up to several months wherever they choose, whether it be in Europe, Africa, America, the Middle East, Asia, the Caribbean, or the Pacific.
Financial and succession security
St. Kitts , a nation that belongs to the British Commonwealth, is a stable economic, legal, and social entity with a democracy based on the parliamentary system used in the . Citizens can safeguard their assets and create possibilities for their families’ future by taking advantage of benefits like:
- full status of residency
- zero wealth tax
- There is no estate tax.
- Foreign income is not taxed
- Freedom from paying capital gains tax
- personal income tax exempt
- financial benefits
Along with the previously listed benefits, St. Kitts also offers the following tax advantages:
- There are no limitations on remitting profits and imported capital
- tax advantages for particular investment initiatives
- Companies that aren’t residents are exempt from:
- taxation of business profits
- tax on capital gains
- tax withheld
- Trade without taxes with Canada
- Duty-free shopping in the entire Caribbean
- becoming a citizen
- There are two ways to become a citizen of St. Kitts :
- By making a monetary donation to the “Sugar Industry
Due to the local sugar cane industry’s adverse effects—which served as the economy’s traditional backbone until the 1970s—financial support for this sector may qualify donors for citizenship by investment st kitts. As an illustration, a single candidate can become a citizen with a gift of USD 250,000, and so on.
By investing in real estate
The required minimum investment is USD 400,000. The investment property has to be situated in a region where investment projects have been approved. All properties are freeholds under the law, allowing for unlimited use. Several upscale resorts and an important medical university are located in St. Kitts , which has one of the most thriving real estate markets in the Caribbean.