St. Kitts and Nevis has been an independent country in the Caribbean since 1983 and forms a significant part of the Lesser Antilles; a cluster of many islands located more or less 2,000 kilometres to the southwest of Miami. The Federation comprises twin islands of St. Kitts and Nevis with an appropriate slogan that fits the local tourism authority and that is; “Two Islands – One Paradise”.
Reputation of the country in all these years after independence remains intact. St. Kitts and Nevis being part of the Commonwealth is an active and well-functioning democracy based on the British parliamentary system lead by Head of the state; the Queen of England. For all those going for St. Kitts and Nevis passport need knowing such details.
The official and corporate language of the twin islands is English whereas geographical location is quite convenient for business personnel. The Federation is a proud and active member of the United Nations, Organisation of American States (OAS), British Commonwealth and CARICOM plus many other internationally acclaimed organisations.
The Eastern Caribbean Central Bank has an established base of operations or a headquarters on the island of St. Kitts that’s tasked with maintenance or keeping stability of the Eastern Caribbean Dollar (EC$). Most of the Eastern Caribbean countries have their national currency pegged to the U.S. dollar.
St. Kitts and Nevis passport and citizenship programme is among the most reliable and well-established Citizenship by Investment Programme in all. It was introduced in 1984 and has been activated since then playing a crucial role in Citizenship by Investment Act.
Outline of the programme
Successful application and procedure following Citizenship by Investment and passport programme of St. Kitts and Nevis can result in irrevocable second passport and dual citizenship without renouncing your existing nationality or having to move out of the country as usual.
The programme is based on certain government laws that reward citizenship and passport irrevocable no matter the changes in governmental policies or executives.
St Kitts and Nevis passport holds a validity of 10 years after which it can easily be renewed at any official country’s consulate office. A breakdown of the process is given below for clarification!
Timeline: Four to Six months
Nationalities supported: Most of the nationalities across the world are open to apply
Visa-free travel: Immediate visa-free travel to more or less 129 countries including the Schengen Area, Singapore, Canada and United Kingdom.
Investment type: Investment of pre-defined amount in government approved real estate projects in St. Kitts and Nevis or Government Donation to St. Kitts (SIDF)
The second passport and citizenship programme of St. Kitts and Nevis requires an economic contribution in the country or certain investment in a government approved real estate project.
Contribution to the Sugar Industry Diversification Foundation (SIDF)
A predefined amount of more or less USD 250,000 for a single applicant is required as financial contribution to the Sugar Industry Diversification Foundation (SIDF). The investment is beneficial to the social development programs and supports financial security of the country. The non-refundable financial contribution also varies depending on the number of applicants.
Client needs signing Citizenship Investment Retainer Agreement and pay against the invoice. Once the file’s ready for submission, the applicant then pays Government Processing Fees, Citizenship Application and Passport Fees as well as Due Diligence. A deposit is also paid as a security to the Government Escrow account.
In almost three months after initial application submission, Due Diligence results are ready and approval on citizenship is issued. At this point, the final Financial Contribution is payable to the Ministry of Finance and Planning. Issuance of St. Kitts and Nevis passport and citizenship certificates is done within four months of the successful application process.
The above details portray in-depth details of the citizenship and passport programme of St. Kitts and Nevis.
180 total views, 2 views today