Tuesday, April 10, 2018

Facts About St Kitts Passport Program

By Jose Lee


St Kitts Nevis is one of the Caribbean island countries. It is known for its acquisition of citizenship through investment which has been lasting for thirty years. This program engages foreigners to invest in different sectors especially in real estate to acquire permanent citizenship of the respective country. Here are a few important aspects about St Kitts passport program that one should bear in mind.

Acquire a visa through investments in real estate. Real estate is a lucrative industry which has the potential of making a remarkable income. The government of St Kitts has allowed foreign investors to acquire citizenship through this venture. The minimum amount that one is supposed to contribute is four hundred thousand dollars without the inclusion of government fee, visa fee and other costs. It is recommendable that you seek a reliable firm to ensure the security of your investments.

Citizenship through the SIDF. The SIDF or the sugar industry diversification fund has been running for years now. The amount raised through this contributions is supposed to be used to reimburse people who were working as sugar workers. The amount is non-refundable, and the contribution is worth a quarter million dollars.

Acquisition of citizenship through the HRF. The HRF is an acronym standing for hurricane relief fund. This program was started late twenty seventeen after the Irma and Maria hurricanes hit the Caribbean. This led to the loss of property hence the start of this project. The amount contributed for a single applicant is supposed to be one hundred and fifty thousand American dollars. This project is supposed to run for six months and ends on March two thousand and eighteen.

Also, people acquire a visa through funds for sustainable development. This kind of fund is meant to improve on the facilities and service provision of this country. A foreign investor will only require contributing one hundred and fifty thousand dollars or a single applicant. A family which exceeds four members is supposed to contribute one hundred and ninety-five thousand dollars. The amount is supposed to be used in improving medical care, infrastructure, energy and other projects.

The benefits which come along. There are tons of benefit that a person investing in this program gets. To start with, you have an opportunity to make a real estate investment which can be sold after five years. There is certainly a good return on this since this place is a common tourist destination. Also, one can travel visa-free to one hundred and forty-one countries and acquire dual citizenship apart from citizens from Canada and United States.

Choose a consultancy agency. You do not need to travel to St Kitts to access these services. You can consider an international consulting firm which has been approved by the government of this country. You should conduct a thorough evaluation of the firm you intend to depend on since some of them might be frauds.

It is certain that acquiring citizenship in this place is the best idea for a prospective investor. This place is ranked one of the best places in the Caribbean to visit due to its stable government. Citizens have the privilege of tax exemption for any trade done internationally or locally.




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