Do you want to move to the Caribbeans, yet you are an American with an American passport? Luckily for you, there are different programs to explore and try before moving overseas. One of those that is worth exploring is St. Kitts and Nevis’s Citizenship-by-Investment program. This program allows you to invest in the form of either a monetary contribution or a purchase of real estate and qualifies the investor, and his or her spouse and minor children, for immediate citizenship. Once you meet the criteria you can legally obtain the passport. The passport application process normally takes 6 months after the initial investment, which is when you’d become a rightful owner of it. Keep on reading and discover more about it down below.
Top 3 Caribbean passport benefits that will interest you
1. Great investment opportunities
There are at least two or three options to invest in Caribbean citizenship programs to obtain a second passport. The truth is that any type of donating non-refundable funds to a government fund that promotes tourism can, in the long run, improve transportation infrastructure, and can help with the overall standards.
The second frequent option is an investment in construction projects in the Caribbean that have acquired official permission.
Typically, a completed hotel or spa complex would allow you to purchase a piece. You can browse through and discuss a ton of different options, allowing you to find real estate that works for your budget, yet aim for something that you truly like. In the end, you’re going to find something that works well and is a catchy opportunity.
2. Tax benefits
The Caribbean is well known for being a low-tax region where international businesses can legally establish themselves and conduct business. Did you know this? Well, since the majority of applicants for citizenship by investment do not reside in a nation that has a tax residency requirement, the Caribbean’s tax structure is very beneficial to non-tax residents. Anyone who wants a reduced and better tax liability will enjoy the perks of dual citizenship. Not too sure where to invest your money or what are some Caribbean islands worth exploring? St. Kitts and Nevis, Antigua, Barbuda, and Dominica, for instance, do not impose any kind of personal income tax or property tax on their inhabitants. If you find this worrying, don’t, as everything will come in your favor.
3. The whole family will have perks
Family members of foreign investors who are applying for citizenship in the Caribbean through investment can include spouses, children, parents, grandparents, and siblings. This means that everyone can experience luxury and can enjoy the sunny beaches at one point (better sooner than later).
However, each country has its own rules about whose relatives can be included in a passport application.
Thus, it is possible for citizenship in the Caribbean to be passed down through the generations. Why is this a great perk and something that might intrigue you? You wouldn’t even have to physically visit your new nation of citizenship, save one specific circumstance. All you have to do is spend at least five consecutive days in Antigua and Barbuda within the first five years after becoming a citizen. After this is done you will have two citizenships.
All the documents that you need for your process
You will need to fill out and gather some paperwork in order to get everything done and sorted out.
First and foremost, as well as primarily, a copy of your passport should be included with your application if you’re serious about your intentions.
A photocopy of your passport should be brought with you in case the embassy or consulate general requests to see the original.
The process doesn’t take a lot of time to do. When requesting a visa on behalf of a child, a parent’s identification and the child’s birth certificate are both necessary. You can have all of this done in a couple of hours.
What is the price of your visa?
Applying for a visa will vary depending on the state that you live in, as well as the number of you family members. For instance, it will cost you additional money to submit your application through a third-party service. In most cases, 15 calendar days is the average time it takes to hear back about an application, which is not a long waiting period.
There is a minimum investment
As of January 1, 2012, the government of St. Kitts and Nevis raised the minimum amount required for new investments. If you wish to become a citizen of the Caribbean, you can do so in one of two straightforward ways:
As of February 2023, the price will remain the same and no changes are planned. A minimum contribution of US $150,000 (including government fees) is required from each application to the Sustainable Growth Fund.
The payment for a family of four will eventually reach US$195,000, after a series of incremental increases.
Investment in areas like renewable energy, healthcare, and education can benefit St. Kitts and Nevis are all routes that you will want to explore.
Do you want to move & make a purchase?
You can see that the Caribbean can be a lovely place to stay and spend your free time, doesn’t matter if you are on your own or with friends and family. The Caribbean includes around 7,000 islands, dozens of states, and overseas territories. It is a dreamy destination that offers a visa-free passport with the option of visiting 156 countries! A Caribbean passport is your ticket to up to 156 countries of the world where you don’t need a visa or a visa is given on arrival. If all of this sounds dreamy to you and you’re eager and ready to obtain your passport, check out https://imperiallegal.com/caribbean-passport. You should know that worldwide mobility investment starts at $100,000 + they will answer all of your questions regarding your purchase or any inquiry.