The citizenship by investment industry is booming, and the most popular place these days to obtain a second passport from is St. Kitts and Nevis. This minuscule two island nation located 2000 km south-east of Miami is not only beautiful, but is also well connected by flights coming in from the United States and Europe.
As popular as the St Kitts and Nevis passport is these days, it may not be the best option for you. To help you make the best decision for where you would like to purchase your second passport from, we have compiled a quick list of FAQs about this popular second passport to help you determine if it is the best choice for you and your lifestyle.
How Does the Citizenship by Investment Program Work?
Established in 1984, this citizen by investment program is the longest running program of this type in the world. This program was established to help attract investors who are of good character and to encourage them to make a large contribution to their country’s development.
Individuals who are interested in a passport form this country have two funding options:
- a) Individuals can make an investment (“donation”) of $250,000USD towards the Sugar Industry Diversification Foundation (also known as the SIDF) for a single applicant (this does not include processing fees)
- b) Individuals can make a real estate investment of $400,000 USD for a single applicant (this does not include processing fees)
Why Should I Consider a Second Passport from St. Kitts and Nevis?
There are a number of benefits that come with choosing this type of passport:
- Obtaining this passport allows individuals to travel visa-free to over 80 countries. These countries include the UK, Ireland, Canada, Switzerland, and all EU countries.
- There are no residency requirements for this type of passport.
- Individuals are able to live and work in St. Kitts as citizens.
- There are no income, inheritance, or wealth taxes in the country.
- Individuals are able to extend secondary citizenship to family members.
- It is more affordable than other second passports, but offers greater benefits.
How Long Does the Application Process Take?
Once the application is received, it may take anywhere from four to six months for an individual to receive a second passport, regardless of how an individual chooses to finance his or her dual citizenship to St. Kitts and Nevis.
When Might I Be Refused Citizenship?
Individuals who are applying for a second passport typically do so through an expert third party agency to better ensure their chances of being approved. Even so, the St. Kits and Nevis government may deny your application for a few reasons:
- You have a criminal record.
- You have a poor reputation.
- You are unable to pass due diligence clearance.
- You are a national security threat.
- The government suspects false information was present on your application.
How Long Is the Passport Valid?
An issued passport from St. Kitts and Nevis is valid for 10 years. After that, it can easily be renewed.