The main reason why this country is so popular is that it is placed in the Caribbean archipelago. Therefore, it represents an amazing tourist destination and the perfect place where you can spend your vacation. While there are many luxurious hotels and other places where you can book a room, a lot of people are interested in getting a full residence there, which you can acquire by getting citizenship.
What makes this process different when compared to most other countries is that you can invest there to get a passport. You can read more about the benefits of this option at https://imperiallegal.com/media/articles/benefits-st-kitts-nevis-citizenship
What is the Investment Program?
This option is available for a long time since the officials introduced it during the 80s. That was a move with the intention to improve the financial situation of the country by attracting foreign investors. There are both older and younger generations who are interested in choosing this option. It can be a great solution for starting a business there, or simply having a place where you can go whenever you want. Also, a lot of older people are choosing it for their retirement.
The key is to invest in this country. There are two main options available. The first one is to make a payment to the special fund that is formed by the state, and the minimum requirement is to pay $150k. The great thing is that adding more members of your family to the list won’t require an additional $150k per person. The fees are $25k for your wife or husband and $20k for kids. There is a family option where $175k will be enough for a whole family. It is important to note that this money is not refundable.
On the other side, there is a much more popular solution where you will have to buy a house or some other type of real estate to apply for this process. The minimum value is $200k. Also, the rule is that you won’t be able to sell the property for the next seven years. However, if the property you bought is valued at more than $400k, this period is lowered to five years.
The main reason why this option is more popular is that you are buying a property that you can turn into a profitable business. This country is very popular among tourists, and you can easily get back your investment if you decide to rent the property you bought.
Main Advantages
There are many reasons why this option is so popular and beneficial. First of all, the procedure is not complicated. However, be sure to find a reliable agency that will make it easier for you. Don’t rush with this part and always compare the features and additional fees. In most cases, when someone is applying for foreign citizenship, there is a complicated procedure where you have to live there for a couple of years, get a job, prove financial stability, and more.
However, that is not the case in this country. All you need to do is to choose one of two available options, and you are free to enter in and out of the country whenever you want since the time you spend there won’t affect the process. Besides that, getting the same rights for all families is quite simple. Besides the partner and kids, you can also add siblings.
Moreover, this place is perfect for starting a business. The fact is that most businesses today are operated online. If you are working in an area where that is possible, this can be a perfect solution since there are no additional taxes for profit in this country.
Another great thing is that the whole process can be done in only a couple of months. Also, this country has an excellent status worldwide, which means that you will be able to travel to more than 140 countries without any additional requirements, and that involves Australia, the UK, New Zealand, and more.
It is a Five-Steps Process
It is amazing how simple it is to get a passport and full rights by choosing some of the two options for getting citizenship. However, following the steps and requirements is crucial so you can avoid potential issues. Therefore, always consult with an expert and contact officials before you start with the procedure.
You will have to pass a short interview where the officials will check your background and financial stability. After that, you can start collecting documents that are necessary. When you send the required papers, you will have to wait for around two or three months for approval. There is also an option to make it faster, but that will require an additional fee of $25k. When the process is complete, you can proceed to find the right real estate and buy it to finish the procedure and get the passport.
Last Words
One of the best things is that this country is part of the Commonwealth, which means that you can easily travel to the United Kingdom and other highly-developed countries. This is a great solution for families with kids who are from developing countries to secure a much better education for them. For example, it will be much easier to send your kid to some University in UK or Australia when you have this passport.
In the end, most people are choosing this option because it is so simple to get it. All you need is the extra $200k for a house there, and you can enjoy an amazing time surrounded by the seat throughout the whole year. You can make a business out of it as well, or combine vacation with that.
The great solution is to use Air Bnb or some similar service to rent your space when you are not there. Since prices of properties are constantly getting higher, this option is one of the most secure investments that you can choose these days.