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The citizenship of St. Kitts and Nevis is the template that all other nationalities in the world are aligned. Because it is the oldest and probably the best citizenship program.
In light of the imbalance in global politics and economics. Especially in 2022 and the beginning of 2023. Every person is looking for ways to secure his life and the life of his family and save his money.
In this article, I explain some of the features and amendments of St. Kitts and Nevis for the year 2023. I touch on the amendments and mention the benefit of these amendments to the investor.
Saint Kitts and Nevis is a beautiful little island located in the Caribbean Sea. Saint Kitts and Nevis has a citizenship program in the area of Citizenship by Investment. With strong advantages, the most important of which is the ability to enter 140 countries without a visa. Among these countries are Britain, Hong Kong, Singapore and all Schengen countries. You also have the right to add your family with you on file. Which includes spouses, children, brothers and parents.
St Kitts and Nevis passport is strong and irrevocable. Because it is within the rule of the country’s constitution, despite the succession of governments and presidents. This citizenship also allows you to hold a dual passport or dual citizenship. St. Kitts has an investor-friendly tax system. With no taxes on foreign trade, wealth, inheritance and gifts.
Let us mention that Saint Kitts and Nevis citizenship does not require residency prior to obtaining citizenship. You do not need a language test or personal presence during the citizenship procedure. All these features at an affordable price and record time.
For all these features we mentioned. Saint Kitts and Nevis citizenship is the best second passport in the world according to many ratings. If you want to take a closer look at this program. You can click Saint Kitts and Nevis citizenship. We mentioned there all the advantages and the laws.
This program has been launched to the world since 1984. Since then, the governments of St. Kitts and Nevis have been trying to find the best ways and means to protect the investor and their money. Also, to find the best ways to access her nationality.
Where laws are introduced from time to time, amended or canceled, or special offers are presented as the requirements of the need. All of these changes are aimed at preserving the reputation and prestige of the St Kitts and Nevis passport program.
The world was waiting for these expected adjustments. Whereas, the Head of the Citizenship Program Department was replaced by Mr. Michael Martin in place of the previous Head, Les Hahn.
A new regulatory body called the CIU Board of Governors was also created. Who, in turn, will advise the Prime Minister on all matters relating to the citizenship program.
After the appointment of the new president, amendments and offers were introduced for a limited period, which will be explained in detail.
Prior to this offer, St. Kitts and Nevis had a strong passport program. After the offer, it has become a program that everyone should take advantage of. The price and time required to obtain a Saint Kitts and Nevis passport has been reduced for a limited time. It is called the Sustainable Growth Fund (SGF). Which started from January 1, 2023 until June 30, 2023.
The purpose of this initiative is to balance the state budget of Saint Kitts and Nevis. Where these funds will be pumped to the health and education sector in order to rise to a higher level.
The amount used for the Sustainable Growth Fund (SGF) has been changed from $150,000 to $125,000. This method is the most common way to obtain a Saint Nevis passport. With 3 other methods, this method ranks as the most suitable option for investors. But the other three methods may work for some people.
The time for the government’s initial approval of the citizenship program has also been reduced to a limited period. Where the approval period has become two months, which is usually 3 months. Only SGF investment type has this offer. The rest of the methods require a financial payment to speed up the process.
We will mention all other methods. We remind you that the new limited offer applies only to the SGF Sustainable Growth Fund.
Where the prices for the limited offer are as follows ::
1. Main applicant: $125,000
2. Main applicant and spouse: $150,000
3. Main applicant and two dependents: $170,000
4. Each additional dependent under the age of 18: $10,000
5. Each additional dependent over the age of 18 is $25,000
After June 30th these prices will be
1. Main applicant: $150,000
2. Main applicant and spouse: $175,000
3. The main sponsor and two dependents: $195,000
4. The SGF contribution amount for other additional family members will not be changed on a single application
Moreover, the processing time will be shortened from 90 days to 60 days.
The option to invest through real estate is also a good one. By investing $200,000 in a property as an example resort share and not selling it for 7 years. And also, with an investment in a private home with a price of at least $400,000 and not selling it in 7 years either. You are entitled to a St. Kitts passport.
Due to the updated regulations and citizenship by investment program. The government has required real estate and homeowners to renew their accreditation with the CIU Board of Governors. Or doing accreditation for people who have not had a government accreditation before.
Without this accreditation, no one has the right to sell their property to investors. The government has also identified only a limited number of projects that can be approved. It gave 45 days to landlords to renew or add a real estate credit.
The property must also hold a period of 7 years before it can be resold. Bearing in mind that the property used in the current property has not been used in the past in the citizenship program. The government also stated that property owners cannot convert their private homes into residences or apartments. It is also possible for more than one person to participate in one housing project. Provided that each person invests in it no less than 400 thousand dollars.
For the purpose of supporting the people of Saint Kitts and Nevis. And to find the best citizenship system that St. Kitts citizens can benefit from.
The AIO Alternative Investment Option was changed to the Public Good Investment Option (PGIO). The minimum investment price will be $175,000. It will be paid to an accredited public interest investor.
The state support will be through the payment of a sum of money to all citizens of St. Kitts twice a year.
When choosing PGIO public interest investment or real estate investment. Persons have to pay additional financial fees to submit and process the application.
The normal application fee will be (90 days)
– Main applicant – $25,000
– Husband or wife – $15,000
– Dependents under the age of 18 – $10,000
– Dependents over 18 – $15,000
As for the expediting fees (60 days), are:
– Main applicant – $45,000
– Husband or wife – $32,500
– Dependent under 18 – $22,500
– Dependents over 18 – $37,500
With this, we have explained the four methods (investment in the public interest, investing in real estate such as shares in a resort, investing through residential homes and the Sustainable Growth Fund) and the financial requirements for each of them.
Because of the wars and instability that occur in general and 2022 in particular. And in light of the weakness of passports that some citizens of countries possess. People are looking for a safe place where they can save their fortune and future.
That is why St. Kitts and Nevis is trying to maintain its strong citizenship and high standing in the citizenship field through investment programs. As well as trying to support its citizens. By amending national laws and issuing some special offers. The offer is valid from January 1, 2023 to June 30, 2023. It includes a reduction in the price and time of the St. Kitts and Nevis citizenship program.
To find out more about this offer and its suitability for you. You can write to us to explain your program preferences.
Also, if you liked this article. You can take a look at the rest of our articles and programs in the field of citizenship by investment.
~ GCC
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