The number of applications to the Saint Kitts Citizenship by Investments program in 2021 is 30% more than in 2020. Such statistics were referred by Les Khan, CEO of the Saint Kitts and Nevis Citizenship by Investment Unit, in October 2021. What makes this very program so attractive for obtaining a second citizenship? Let’s look at all the aspects of getting a passport of Saint Kitts.
Firstly, this is the most status program in the region. The “pioneer” of investment citizenship, which retains its reputation, thanks to clear procedures for vetting candidates and the transparent work of the Investment Unit itself. However, there are companies (agents and sub-agents) that advertise non-existent “discounts” to attract investor attention.
«If you want a passport of Saint Kitts & Nevis, get yourself an agent who’s registered with us. Because that means he’s gone through our due diligence, he’s shown us that he is going the proper screening on clients, he’s looking AML and KYC. He has also done his due diligence on real estate development that he wants to sell so that he can understand who is at what level of construction” – says Les Khan. «First things first: Anyone who advertises a price that is not the government-regulated price of US$200,00? US$400,000 (real estate), or the fund – of US$150,000 for a single applicant – is illegal, as far as I’m concerned, if they are advertising. They will get blacklisted”.
Please note that the international company Apex Capital Partners has a valid license to present the Saint Kitts and Nevis program and prepare/submit applications from investors.
The whole process is remote. You receive free consultation on the terms of the CIP of Saint Kitts, the APEX specialist makes a calculation on the number of family members (by investor’s request), and then, after signing the contract, the APEX lawyer accompanies the entire process of preparing and applying for citizenship (passport of Saint Kitts and Nevis).
After the completion of the process the investor receives the passport of Saint Kitts and Nevis at the APEX office. We do have an office even on Sait Kitts working all year round. The preparation of the documents for the application takes approximately one and a half months and the Saint Kitts authorities do they check between three and six months.
Passport of Saint Kitts & Nevis for investment in government fund. Special offer!
Now Saint Kitts citizenship for a family of no more than 4 people can be issued for an investment of $150 000 (instead of $195 000). That is, at the same rate as for one applicant. Special conditions for the registration of citizenship for a non-refundable contribution were introduced as a response to the crisis in the economy caused by the pandemic.
The countries of the Caribbean region quickly and for a long time closed the borders as soon as the lockdown began in 2020, which allowed Saint Kitts to avoid the spread of the virus. However, this measure put tourism on pause. An investment citizenship program came to the rescue.
Nevertheless, there are serious reasons to believe that, from January 1, 2022, the conditions for obtaining a passport of Saint Kitts will change, as demand is only growing, and the number of competitive programs in the market is decreasing. For example, at the end of 2021, the Montenegrin CIP ceases to work.
Citizenship of Saint Kitts for the whole investor’s family
So, now you can include in the application for citizenship for investments: the main applicant, his spouse (a), financially dependent children under 30 years of age and the parents of the investor/spouse (age from 55 years). As well as the brothers and/or sisters of the main applicant or his wife. But if certain criteria are met: brothers and/or sisters should not be married at the time of filing, have children, be no older than 30 years old, be financially dependent on the investor, the main applicant.
It is worth noting that to include these family members in the application for citizenship of Saint Kitts and Nevis, additional duties will need to be paid. If you choose an option with an investment in real estate, the additional duty on the applicant’s brother/sister will be $40 000 USD. And when choosing the option with a contribution to the state fund — $20 000 USD. This family member, inscribed in the application, will undergo all checks, as well as others.
Citizenship of Saint Kitts and Nevis for real estate investment
For a long time there were few hotels in St. Kitts and Nevis. These are mainly small boutique hotels. Representatives of local authorities said that the construction of new resorts will allow you to recruit at least 4,000 rooms in order to develop tourism more and increase the number of flights.
It was an unoccupied niche for many hoteliers, but the Saint Kitts Citizenship for Investment program helped to actually launch the construction of infrastructure. It was with her support that Park Hyatt St. was built and opened in 2017. Kitts. According to CNN, this hotel is recognized as the best hotel of 2017 in the Caribbean.
Imagine, even here, paying tribute to the past island, that one, for the production of reeds. Miraval Life in Balance Spa, made in Scandinavian design, offers sugar scrub treatments. By the way, the sugar industry worked in Saint Kitts until 2005.
Imagine, even here, paying tribute to the past island, that one, for the production of reeds. Miraval Life in Balance Spa, made in Scandinavian design, offers sugar scrub treatments. By the way, the sugar industry worked in Saint Kitts until 2005.
You can still choose Park Hyatt St. Kitts as an investment for the Saint Kitts and Nevis CIP. The share costs 220,000 US dollars, and it can be sold in 7 years to a new person who wants to participate in the program. Or $430 000 USD and own a share of 5 years.
Of all the projects in Saint Kitts and Nevis authorized for the program, we currently recommend this. “Now it is especially important to note that the investor who invested in this resort does not bear any expenses for its maintenance, and also does not participate in losses. At such moments when the hotel industry is experiencing a crisis, along with other industries, this is especially valuable, “said Nuri Katz, President and founder of Apex Capital Partners.
We remind you that simply “buy citizenship” will not work. Each official investment citizenship program requires the applicant, his family members, including due diligence, to undergo inspections. Registration through a licensed agent, such as Apex Capital Partners, excludes third parties, saves your time.
Source — IMIdaily
