What is a second citizenship program?

By: manjunath mv


There are no restrictions on dual citizenship in St. Kitts and Nevis and after approval you’re eligible to apply for passport, which is boon of many investors and business mans. For those who nurture ambitious business plans, a St. Kitts Passport may mean the whole world; quite literally! This is because acquiring the citizenship of St. Kitts gives them an easy access to over 130 nations across the globe and the positive impact that this feature has on business interests is anybody’s guess. And, this is precisely the reason why high-net worth individuals from US, UK and Europe residing in the middle-east are making a beeline to acquire St. Kitts citizenship. But the St Kitts & Nevis Government do not publish any information on persons who acquire dual citizenship, and neither will these government report your acquisition of citizenship to your present country of citizenship.

The Short-Term-VISA-Waiver agreement that St. Kitts has entered into, with a lot of countries including Canada, the UK and many other EU-Schengen nations is a trend-setter, par excellence that legitimately allows all St. Kitts Passport holders to travel VISA-free to a number of destinations across the globe, without any hassles. St. Kitts Passport also entitles its holders to take up residency in a number of Caribbean nations like Jamaica, Antigua & Barbuda, Barbados etc. Calling these Caribbean paradises his/her home is an opportunity that few high-net worth individual would shy away from.

This, in itself, is a stupendous advantage; no doubt…but, there are certain other factors too, that enhance the value of a St. Kitts Passport by leaps and bounds. Here are a few of them:
• No restriction on repatriation of profits and imported capital
• No personal income tax to be paid on worldwide income
• Tax holidays for qualified investment projects
• Generous tax-regime that allows St. Kitts Passport holders to be exempted from paying taxes on wealth, gift, capital gains and inheritance
• Great corporate tax incentives
• Export allowances and full exemption from import duties
• Tax free trade with Canada and Duty-free trade across the Caribbean

The concept of second citizenship is being promoted by the government of St. Kitts in order to usher in economic prosperity into the country. St. Kitts Passport is granted to applicants based on either a stipulated amount of donation to SIDF (Sugar Industry Diversification Fund) or through investments in government-approved real estate projects. The SIDF option opens up with a minimum donation of USD 250,000 for a single applicant. The donation amount goes up if the applicant decides to take in dependents along with him/her. A maximum of 7 dependents could be taken while acquiring a St. Kitts Passport. Real estate investment route opens up with a minimum investment of USD 400,000.

The laws of St. Kitts and Nevis allow dual citizenship without restrictions. In any case, before you acquire a second citizenship, you should check the laws of your present country of citizenship to ensure that dual citizenship is permitted and what the consequences if any may be of acquiring a second citizenship. This could be beneficial for those who nurture ambitious business plans, a St. Kitts Passport may mean the whole world; quite literally! This is because acquiring the citizenship of St. Kitts gives them an easy access to over 130 nations across the globe and the positive impact that this feature has on business interests is anybody’s guess. And, this is precisely the reason why high-net worth individuals from US, UK and Europe residing in the middle-east are making a beeline to acquire St. Kitts citizenship. But the Government of St. Kitts and Nevis main aim is to start this program to attract high net worth investors from USA, UK, Canada and other good character business people to make a substantial contribution to the development of the country. These investors program is a fruit for the business persons are then given the opportunity to apply for dual citizenship and passport within the strict guidelines of the law and the relevant regulations.

Economic Citizenship Program of St. Kitts is enjoying the patronage of many high-net worth individuals because of a few other benefits as well. No compulsion on physical residency, provision for dual citizenship and inclusion of dependents under the age of 25 (as against 18 years, set by many other nations) are a few such important features that a St. Kitts Passport brings along. When the advantages are so many, who wouldn’t want to give it a serious thought?

Certain procedure has to be follow to obtain second citizenship and visa free passport, the 2 options are mentioned in below in easy steps:-
Option-1

1. Agreement and Request of Application Documents
2. Application and Payments
3. Processing and Approval of Application
4. Issue of Citizenship Certificates and Passports

Option-2
1. Selection of Real Estate and Purchase Contract
2. Application and Payments
3. Processing and Approval of Application
4. Issue of Citizenship Certificates and Passports

Approximately process takes 3 to 4 Months to complete the citizenship program, only if applicant provided documents are genuine.

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Carte Blanche Immigration Services is a registered and government approved firm consisting of a team of Immigration lawyers and Consultants who specialize in the field of Immigration and second citizenship laws

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