"Two beautiful islands offering Second Citizenship Program St Kitts & Nevis and Dominica"
Going in for second citizenship may not be something that you've seriously thought about; but, be prepared to be swept off your feet as this article introduces you to the concept, through a simple example of how a St. Kitts Passport (citizenship of St. Kitts) could prove to be a turning point in your life. So compelling are the facts that they’ll make you wonder why you hadn't spared a thought on second citizenship all these years! And, this is especially so, when you consider the generous tax-regime that the country puts its citizens under.
Tax-holiday on qualified investment projects is one of the high-points of a St Kitts Passport. The fact that there’s no personal income tax to be paid on worldwide income and that there are no restrictions on repatriation of profits and imported capital are sure to add spice to your business interests. St. Kitts spreads a wide range of corporate tax incentives, tax relief benefits, excellent export allowances and full exemption from import duties before its citizens. Besides all these advantages, holding a St. Kitts Passport also means that you won’t be liable for paying tax on your wealth, gift, inheritance, foreign income and capital gains. Tax free trade with Canada and duty-free trade across the Caribbean are some of the other bountiful benefits that you could derive, by going in for a St. Kitts Passport.
Some of the important factors regarding why we need to Invest on St Kitts:
Besides all the above advantages, a St. Kitts Passport also extends some other excellent features like dual citizenship, VISA-free travel to over 130 nations, no compulsory physical residency requirement and provision for residency in a number of Caribbean countries, all of which could have a very positive impact on all your business interests.
Acquiring the nationality of St. Kitts could be a cakewalk for those who would like to contribute to the development of the country in a significant way. St. Kitts government attracts investments to this effect through two routes: by means of either Sugar Industry Diversification Fund (SIDF) or Real Estate investments. There are a number of slabs under which you can invest in SIDF and the benefits that you derive out of them differ based on the quantum of investment. Right from a single applicant, citizenship may be granted for up to 7 dependents, based on these slabs. Citizenship for a single applicant under this stream starts right from USD 250,000. The option of citizenship through investment in the real estate sector opens up with a minimum investment of USD 400,000 in a government approved real estate development project.
With this information, there’s no reason why the option of a St. Kitts Passport doesn't lure you. Going in for a St. Kitts Passport could prove to be one of the best things that you've been waiting for, all your life.
If you like to know more about St Kitts Passport or Dual Citizenship Program Click Here.
Tax-holiday on qualified investment projects is one of the high-points of a St Kitts Passport. The fact that there’s no personal income tax to be paid on worldwide income and that there are no restrictions on repatriation of profits and imported capital are sure to add spice to your business interests. St. Kitts spreads a wide range of corporate tax incentives, tax relief benefits, excellent export allowances and full exemption from import duties before its citizens. Besides all these advantages, holding a St. Kitts Passport also means that you won’t be liable for paying tax on your wealth, gift, inheritance, foreign income and capital gains. Tax free trade with Canada and duty-free trade across the Caribbean are some of the other bountiful benefits that you could derive, by going in for a St. Kitts Passport.
Some of the important factors regarding why we need to Invest on St Kitts:
- stable political environment,
- One of the highest literacy rates in the region at 98% (Easily available labor force), only 2% of illiteracy.
- Modern infrastructures like wide Roads, Aerodrome and Sea Ports, sweet Water and power supply.
- Advance Telecommunication Infrastructure is very useful if you’re planning to outsource to USA, Canada, because the country located within the same time zone as USA East Coast.
- A stable currency fixed at 1 USD to 2.70 ECD
- No personal income tax on worldwide income.
- Direct air access from key North American markets and the United Kingdom
- The financial capital of the Eastern Caribbean – home to the Eastern Caribbean Central Bank, the Eastern Caribbean Securities Exchange, The Eastern Caribbean Regulatory Commission.
- A well regulated financial services sector and strong position in overseas banking.
- Investor friendly government to develop country real estate sector such as schools, hospitality and manufacturing industries.
- English is the official language spoken by our citizens of the St Kitts
- Dedicated Investment Promotion Agency created to assist investors in establishing their business in the St Kitts soil
- Generous incentive package including corporate tax incentives, exemption from import duties, exemption from withholding taxes and export allowance for qualified investments to major countries
- Small business incubators for IT related businesses, overseas banking and other exporting manufacturing goods etc.
- St. Kitts ranks well above the Caribbean and global scales for internet usage and capacity.
Besides all the above advantages, a St. Kitts Passport also extends some other excellent features like dual citizenship, VISA-free travel to over 130 nations, no compulsory physical residency requirement and provision for residency in a number of Caribbean countries, all of which could have a very positive impact on all your business interests.
Acquiring the nationality of St. Kitts could be a cakewalk for those who would like to contribute to the development of the country in a significant way. St. Kitts government attracts investments to this effect through two routes: by means of either Sugar Industry Diversification Fund (SIDF) or Real Estate investments. There are a number of slabs under which you can invest in SIDF and the benefits that you derive out of them differ based on the quantum of investment. Right from a single applicant, citizenship may be granted for up to 7 dependents, based on these slabs. Citizenship for a single applicant under this stream starts right from USD 250,000. The option of citizenship through investment in the real estate sector opens up with a minimum investment of USD 400,000 in a government approved real estate development project.
With this information, there’s no reason why the option of a St. Kitts Passport doesn't lure you. Going in for a St. Kitts Passport could prove to be one of the best things that you've been waiting for, all your life.
If you like to know more about St Kitts Passport or Dual Citizenship Program Click Here.