| St. Kitts & Nevis Citizenship by Investment | |||||||||||||||||
|
Introduction to the Federation of St. Kitts & Nevis St. Kitts & Nevis, also known in the country's constitution as Saint Christopher and Nevis, has been independent since 1983 and forms part of the group of islands known as the Lesser Antilles, located some 2,000 km to the southeast of Miami. The Federation comprises two islands: Nevis with an area of some 93.2 km2 and St. Kitts with 168.4 km2. The official and business language is English. The Federation is a member of the United Nations (UN), of the Organization of American States (OAS), the British Commonwealth and many other international organizations. The Eastern Caribbean Central Bank has its headquarters on St. Kitts. It maintains the stability of the Eastern Caribbean Dollar (EC$), which is the national currency of most eastern Caribbean countries and is tied to the US Dollar. The head of state is the Queen of England. St. Kitts & Nevis is a well-functioning democracy based on the British parliamentary system. Citizenship by investment The Citizenship-by-Investment Program of St. Christopher (St. Kitts) and Nevis was established up in 1984, making it the longest established program of this kind in the world. To qualify for citizenship of St. Kitts & Nevis under its Citizenship-by-Investment Program, the Government requires either an investment in designated real estate with a value of at least US$ 350,000 plus payment of various registration and other fees, or a contribution to the Sugar Industry Diversification Foundation (a public charity) to the amount of between US$ 200,000 and US$ 400,000, depending on the number of persons. >> Real Estate Option With the real-estate option, there are also purchase costs of approximately 1% of the purchase price as well as government fees of US$ 35,047 for a main applicant plus US$ 15,047 for each the spouse and each accompanying child aged below 18. If the child is older than 18, the fee is $35,047. Additionally, a US$ 3,500 due diligence fee for each accompanying family member over the age of 16 is required. The real estate cannot be re-sold until 5 years after the purchase, however many people chose to rent it out during the five year period to create a passive income stream (a one bedroom condo rents for approximately $1200-$1400 per month). Once five year has passed the property can be sold and you do not pay tax on capital gain. >> The Sugar Industry Diversification Foundation (SIDF) option This program offers four different categories:
Note: In each of these categories, the above amounts include all government the government fee is waived. The only applicable fee is $3,500 for due diligence for any applicant aged over 16. Enjoy Visa Free Travels St. Kitts passport holders can entre 97 countries and territories visa-free: (subject to change)
Some benefits from acquisition of St. Kitts Citizenship
Some Considerations:
Education in St. Kitts By taking St. Kitts citizenship you and your family members will be able to participate in many popular programs with the minimum and reasonable fees. >> Medical School: University of Medicine and Health Science (UMHS) As a citizen of St. Kitts you can become a physician. You can start attending UMHS classes in January, May, or September. You will receive an outstanding education from a premier international medical school. You will graduate with a Doctor of Medicine (MD) degree after attending 4 semesters of classes at our St. Kitts campus, taking your 5th semester at our Portland, Maine campus, and participating in your clinical clerkships at our affiliated teaching hospitals in the U.S. You will participate in the NRMP residency match program alongside recent U.S. medical school graduates. >> Admission Criteria Prospective students must meet the minimum requirements for admissions to the University of Medicine and Health Sciences (UMHS). Applicants are expected to have completed a minimum of three years of study (90 semester credits) at an accredited college or university. However, it is highly recommended that applicants earn a Bachelor’s Degree prior to matriculating at UMHS. The Admissions Committee gives serious consideration to all candidates demonstrating the potential to meet the rigorous academic requirements of a highly structured curriculum. >> Educational Requirements Applicants must have successfully completed the following pre-requisites:
Notes:
|
|||||||||||||||||