The Federation of St. Kitts is the smallest sovereign state in the America. Located in the West Indies, the federation unites the islands of St. Kitts, with its own legislation.
The English-speaking islands remain under-developed by Caribbean standards, but tourism, the principal economy of the islands, has been growing steadily, bringing with it new hotel and resort developments. The island has international airports, and two ferry lines connect it with other regions.
St. Kitts is one of the countries in the world that offer instant citizenship by investment. There is no requirement to spend time in country, and there are basically two paths to citizenship in St Kitts and Nevis in order to receive a Passport from St. Kitts and Nevis. The best way is to gain an entry through one of the widely used citizenship programs in St. Kitts.
Donation to Sugar Fund
The donation to the sugar fund is a $250,000 one-time donation to the “Sugar Industry Diversification Foundation” (SIDF), which was set up to benefit sugar workers displaced by the elimination of large-scale sugar cane production in 2005.
There is 2nd option involves an investment in approved real estate property on the Island of St. Kitts.
Investment in Real estate
To apply for Citizenship programs in St. Kitts by investment under this option, you must invest a minimum of $400,000 in the qualified real estate. This is 50,000 more than in 2011 when the price was raised due to demand for this program. It is likely it will rise again.
Should you decide to move forwards, funds for your investment are placed in escrow. They will only be released if your application for citizenship is approved.
By making this investment, you can qualify yourself, as well as your spouse, and your minor children under the age of 18 for citizenship.
You can also apply for your children 18-25 enrolled full-time in a university as well as adult dependent children or parents.
You don’t have to live in the housing you have purchased, in fact, you can rent it out. Many projects have built-in property management, and the real estate can even pay for itself.
Certain projects will even give you cash back on your real estate contribution – for instance, you come up with the 400,000 k and then they will return 200,000 to you as you can strip equity on the property.
There is something for everyone, and it is even possible to arrange a fractional ownership scheme where you can go in with other investors, to collectively buy more real estate. For instance, you could buy a one-quarter share of a $1.6 million beachfront villa for $400,000.
To start with, you can browse through various service providers dealing into citizenship programs in St. Kitts. This would help you choose the best programs for your entry to the state.
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