Is St Kitts Passport Worth it?
St. Kitts and Nevis passports continue to be the most reliable CBI passports in the OECS and Caribbean. It is also the third-strongest passport among all the Caribbean Caricom countries.
Don’t you want to know about the benefits of getting a St Kitts and Nevis passport? If yes then keep reading!
Country’s Profile:
Saint Kitts and Nevis is a dual-island nation between the Caribbean Sea and the Atlantic Ocean. It is famous for its beaches and cloud-covered mountains.
The islands of Saint Kitts, Nevis, and Anguilla were unified by federal law in 1882, and on February 27, 1967. These regions joined the United Kingdom to form an independent state. The islands were given complete internal autonomy. Howevwr, the UK continued to be in charge of defense and foreign policy.
Sugar cane production and processing have historically been essential to Saint Kitts and Nevis’ economy; however, in recent years, falling global prices have damaged the sector. In Saint Kitts and Nevis, the industries of tourism, export-focused manufacturing, and offshore finance have grown abundantly. Food is generally imported.
What is the St Kitts Citizenship Program?
Since its beginning in 1984, St. Kitts and Nevis citizenship-by-investment program has allowed foreigners to become citizens under specific restrictions.
As a result, it became one of the most respected and the oldest citizenship-by-investment programs. Applicants can get an irrevocable St. Kitts and Nevis passport without settling there or giving up their current citizenship.
Benefits You Will Get After Getting a St Kitts Passport:
There are multiple benefits which they offer. Because of these benefits, St Kitts passports are worth it;
No Need for Residence:
There are no requirements for annual or any day residency to keep a passport valid, nor do applicants need to travel to St. Kitts & Nevis for the application.
No Personal Income Tax:
You don’t have to pay any kind of tax to the St Kitts administration. There are no personal income taxes, gift taxes, death duties, estate taxes, inheritance taxes, or capital gains taxes on worldwide income if passport holders opt to relocate to St. Kitts and Nevis.
Fast Processing:
St. Kitts and Nevis citizenship takes about three months to process. But for an extra US$46,000, the application may be expedited, and the passport will arrive in around 45 days.
Family-Wise Application:
Children up to the age of 30, parents with minimum 55 years of age, and unmarried and dependent siblings up to the age of 30 can all be listed on the same application.
Visa-Free Traveling:
Passport holders from St. Kitts and Nevis are eligible for full Schengen rights and can visit 156 countries worldwide without a visa or with one upon admission. To visit the UK, no visa is necessary. If the passport holder chooses to do so, they can live and work in other Caricom nations. There are 15 nations that makeup Caricom.
No Interview:
There is no requirement of interview for the application.
Dual Citizenship:
You can also have citizenship other than St Kitts. This is the best option for investors and businessmen. By using a St Kitts passport anyone can travel worldwide for business and travel purposes.