The St. Kitts Citizenship through Real Estate Investment is a popular program that is available to people from all over the world. Even though it has been used for quite a while now, there are many people who still do not fully understand how it works, or the benefits that it offers. Some of the most asked questions about this program are answered here.
Where in the Caribbean are the islands located?
St. Kitts and Nevis is a nation composed of two islands and that is located about 2,000 kilometers away from Miami. Due to its position, there are a large number of flights that connect the two islands to Europe, as well as the United States.
What type of currency is used here?
According to the Caribbean Governance Consultants Inc. the currency that is used is the XCD, or the Eastern Caribbean Dollar. When this currency is converted to the US dollar, $27 XCD are equivalent to $10 in the United States.
What is the purpose and benefit of the investment process for citizenship?
This program was begun back in 1984, making it the oldest program currently in existence anywhere in the world. The island’s government are using the program to try and attract wealthy investors into the area. Through the application process, individuals are screened to ensure they have good character and that they will be able to aid the development of the Federation.
There is no question that getting citizenship and passports to go to another country is continuing to become more difficult. This is why many governments, including the one in St. Kitts and Nevis, are developing programs that will attract wealthy investors who have a higher net and who are also able to make a large contribution to the economy and support themselves and their family financially.
How much has to be invested to gain citizenship?
The amount that has to be invested to gain citizenship will be dependent on the type of investment that you want to make. For example, in real estate, the investment will have to be a minimum of $400,000 and if you decide to contribute to the Sugar Industry Diversification Foundation, the minimum investment is $250,000.
For anyone interested in gaining citizenship in St. Kitts and Nevis, the opportunity is available. The first step is to submit your application for approval.
