On our last visit to the lovely country of St Kitts and Nevis we couldn’t help but fall in love with islands over and over again. We started seriously considering choosing St Kitts and Nevis as our destination for a second home. We immediately found a local real estate agent to inquire about the red tape involved in purchasing a home then when we found out there are some huge benefits of choosing this lovely country as our second home.
Did you know that St. Kitts and Nevis is one of only two countries in the world that offers citizenship by investment? Individuals from around the world have already taken advantage of this, either to settle in the country on a permanent basis, or to use the island nation as a second home. With beautiful beaches, a rich cultural history, and a number of real estate opportunities, there are endless benefits in becoming a Kittian – as long as you are willing to stump up the cash in order to do so.
We were absolutely ecstatic about the possibility of transitioning from frequent visitors to full pledged Saint Kitts and Nevis citizens. With the help of our agent we were able to collect important information for those who are seriously thinking about pursing dual citizenship outside of the United States. St Kitts and Nevis is one of the best option out there for a second citizenship. Let’s explore the program:
What is the Sugar Industry Diversification Fund?
The Sugar Industry Diversification Fund, or SIDF, is a program that provides financial assistance to sugar workers who have retired or become displaced. By making a contribution to the fund, you may be able to gain citizenship in the country, as well as a second passport. You won’t necessarily need to call the island nation your permanent home, but if you do decide to move to the country, you will be able to take advantage of many of the benefits that people who were born in the country currently enjoy, such as access to work opportunities and education. Applying for st kitts & nevis citizenship doesn’t even require you to visit the country beforehand, although it’s always a good idea to do so to familiarize yourself with the local culture and customs.
What are the other benefits in becoming a citizen of St. Kitts and Nevis?
Once you become a citizen, you will qualify for visa-free travel to many countries around the world. These include all countries in the European Union, such as the United Kingdom, Spain, Italy, Germany, Ireland, and France, as well as Canada and Switzerland. The country can be accessed from cities around the world, such as Miami in Florida which is a short plane journey away. Other cities with non-stop flights include New York City, and San Juan in Puerto Rico. Your investment will be refunded if the government of St. Kitts and Nevis reject your application, although this won’t necessarily include the application fees you would have already paid, so make sure you understand the full process before deciding to become a citizen. Another thing to bear in mind – the country doesn’t currently offer citizenship to individuals who were born in Afghanistan or Iran.
What do I need to bear in mind when making my application?
The application for citizenship can often be a long process, and will usually take up to six months before you are given a decision. You will also need to plan effectively ahead of time, sourcing the important documentation that will be needed to further your application, which could take several more weeks. Some of the things you will need include a medical certificate, marriage certificate, police clearance certificate, and two reference letters from someone working as a chartered accountant, banker or lawyer. These documents will need to be in English and are not accepted if they are older than three months. For more information on the full application process, refer to the official website of the country’s government.
How can I become a citizen by purchasing real estate?
Purchasing St Kitts real estate is the second way to become a citizen of the country, and the process is different from becoming a citizen by investment. You will need to invest at least $400,000 in property, which exceeds the minimum of $250,000 when making a financial contribution to the government. However, you will be able to sell your property after five years has passed. As becoming a citizen of the country can work out to be expensive, applying for citizenship by investment or by purchasing property is popular among individuals who have a substantial amount of income or wealth.
What other fees are involved in becoming a citizen?
There are a number of other costs involved in the process, although the amount you will need to pay will depend on how many people are applying to become a citizen. A spouse and children under the age of 18 will be included on the original application for citizenship, but any children over the age of 18 will be subject to an additional fee of $50,000.
Apply for a st kitts and nevis economic citizenship is definitely on our to-do list this year!