If you dream of living by the Caribbean Sea, or you simply want to ensure a second passport, you may have encountered the Gitts & Nevis gold passport.
As one of the investment programs in the world, as one of the largest people for investment programs in the world, it offers the people of high equity the rights of citizenship in exchange for an investment.
So what is and how is one obtained?
What is the gold passport of St Kitts & Nevis?
The “Gold Passport” of St Kitts & Nevis is its citizenship program for investment, which allows foreign citizens to obtain full citizenship (not only residence) in exchange for an investment in the country.
It is known that it is one of the oldest and most established citizenship in the world by investment platforms and is currently about 40 years old.
Unlike other similar programs, it gives citizenship investors without living in the country or speaking the local language. This makes it so much to obtain and retain.
How does this doifer of a golden visa?
While a golden visa grants residence, a gold passport (or citizenship by investment program) grants full citizenship.
That does not mean that golden visas cannot also lead to citizens, in fact, many gold visa programs allow investors to request citizens after a certain period of time, generally between 5 and 10 years.
However, winning citizenship in this way can have a requirement to learn the local language, restrictions on how long it can spend outside the country and even give up other passports if countries do not allow double citizenship.
However, the gold passport of St Kitts & Nevis grants full citizenship without asking applicants to pass a certain amount of time in the country or renounce their passports. Because of this, it has become one of the most popular golden passports in the world.
What are the pros and cons of the gold passport of St Kitts & Nevis?
Before requesting the gold passport of St Kitts & Nevis, it is worth understanding their pros and cons. These include:
Pros:
- Trips without visa to almost 160 countries, including the United Kingdom, the Schengen, Singapore and Hong Kong area.
- Without personal income, wealth, inheritance or tax on capital gains.
- No residence requirements or language test.
- Double citizenship is allowed and transmitted through generations
- It includes family members as a spouse, children, parents and even brothers under 30.
Cons:
- The investment can be higher than some gold visas.
- The real estate option must be maintained for 7 years before selling.
What investment options exist for gold passport?
To be eligible for gold passport, investors must contribute to one of the following:
1. Sustainable Island State Contribution
A minimal non -reimbursable donation of $ 250,000 to support the country’s development projects.
The threshold of this increases to $ 350,000 for a family of four.
This is a popular option due to its lower investment cost and ease of processing.
2. real estate
Investing in a real estate project approved by the Government is another popular option.
This requests a minimum of $ 325,000 in resorts or approved apartments or a minimum of $ 600,000 for a private house.
The property must be maintained for 7 years before being sold.
This is a popular option due to the fact that the investor is buying an asset that will appreciate in time.
3. Public benefit project
The third option includes a contribution of $ 250,000 to an approved national development project (EC infrastructure, medical care).
This option is designed for people who want your investment to have an impact.
How is the application process?
The application process is relatively easy, although it is recruited that investors hire an agent to help him manage it.
As with most visas, due diligence controls will be the tasks, and a clean police registry must be provided. You will also need official identification and fund test.
When it comes to processing, obtaining the passport can take between 4 and 6 months, although there is an accelerated option of 45-60 days that comes with additional rates.
With costs, it is ideal to put aside:
Due diligence: $ 7,500 – $ 10,000 for the main applicant.
Legal and agent rates: it varies.
Passport: around $ 500 per person.
There is no need to be physically present in the country and no language or history tests are needed.
Is the Golden passport of St Kitts and Nevis suitable for you?
The Golden passport of St Kitts & Nevis is one of the oldest and most easy to obtain citizenship for investment options today.
Whether you are looking to move abroad, take advantage of tax laws or simply get an additional passport for your family, this program is certainly good to explore.
