Citizens of India and many other countries are often interested in obtaining a passport from such a state as St. Kitts and Nevis. This document opens the door to many countries of the world where you can travel on a visa-free regime. In addition, living in St. Kitts has a large number of benefits, from an amazing climate to a favorable tax regime.
A resident of India can obtain a passport in St. Kitts and Nevis through the citizenship by investment program. To participate in the program, you must donate to the state fund or invest in government-approved real estate projects in St Christopher and Nevis. This opportunity can be used by one person or the whole family.
Benefits Of Passport St. Kitts And Nevis For Indians
Indians who have obtained the status of a citizen of St. Kitts and Nevis can travel to almost 160 countries around the world without the need for a visa. Check all needed information about obtaining St. Kitts golden Visa by link https://immigrantinvest.com/blog/st-kitts-golden-visa-en/. The Schengen area, Great Britain, and many other countries are available to every citizen of this country. Getting into the US is a little more difficult. To do this, you need to get a B-1/B-2 visa. That is why it is valid for 10 years.
Since, in addition to the investor, family members can also obtain a second passport, it is important to assess the level of education in St. Kitts and Nevis. Primary education in the country is free and compulsory. Higher education also has a large number of positive feedback from graduates. One of the experts of the agency "Immigrant Invest" Victor Esik emphasizes the quality of medical education in St. Kitts and Nevis, in particular, the University of Medicine and Health Sciences. Graduates of this educational institution are highly valued even in the United States.
St. Kitts and Nevis is a great place to do business because the tax system does not provide for the payment of taxes on capital gains and wages. Tax residents of the country also do not pay:
● Inheritance tax
● Tax on dividends
● Wealth tax
The dual passport St. Kitts and Nevis for Indians allows you to keep your native citizenship. All because the law of the country does not prohibit residents of St. Kitts and Nevis from having dual citizenship.
How To Get A Passport Of Saint Kitts And Nevis For Indians
Indian citizens who decide they need a St. Kitts and Nevis passport can take part in the citizenship by investment program, which has been running for almost 40 years. A foreigner must meet the minimum investment requirements and, if no violations of the program conditions are found as a result of the verification, they will be able to become a citizen of the Caribbean country. Participants of the program can choose one of two investment options:
1. Donate $150,000 To Saint Kitts And Nevis National Fund
The state will be able to use this money to improve the living standards of the country's inhabitants by investing in the development of certain industries. In addition, the applicant will have to pay about another 9,000 US dollars of all necessary fees.
If the investor's spouse also participates in the program, the minimum donation amount becomes $175,000. And if you add two more children to this list, the amount will be 195,000 US dollars. For each subsequent family member, the amount will increase by 10,000 for each child or parent and by 20,000 for each brother or sister of the investor. In addition, the fees that must be paid to the investor to obtain a passport will also increase.
2. Invest In A Government-Approved Property From $200,000
The amount of required government fees in this option will be higher and is about 45,000 US dollars. The more family members are listed on the application, the more money you will have to spend on fees. If an Indian citizen wants to buy a property that is not approved by the government, the minimum property value must be $400,000.
A real estate project worth less than $400,000 can only be sold after 7 years of purchase. If this amount is exceeded, the term is reduced to 5 years. Renting out property is not prohibited.
Requirements For St. Kitts And Nevis Economic Citizenship For Indians
An investor from India or any other country can only participate in the citizenship by investment program if they are over 18 years old, have no criminal record, and can document the legitimacy of the source of funds for investment.
If children are listed on the application, they must be under the age of 18, or under 30 but economically dependent on their parents (this must be confirmed). The parents must also be economically dependent on the main applicant and must be over 55 years of age. Brothers and sisters of the investor may participate in the program provided that they are under 30 years of age, have no children, and are not married.
India citizens obtain Saint Kitts citizenship to move there to live, start their own business, or travel the world under a visa-free regime. There are big benefits to being in this area, but it depends on your financial situation and life goals.
