For the first time in five years, St Kitts and Nevis' citizenship program has been voted best. Until 2021, it ranked second. The success of this year’s program has been influenced by a change: the government has allowed investors to buy any property on the island and extended the 25% discount for participation in the program. The discount is valid until 31 December 2021.
St Kitts and Nevis Citizenship Program is the very first citizenship program for investment in the world. It was launched in 1984. Since then, more than 20,000 applicants have received passports.
In July 2021, the IMF commended the government of St Kitts and Nevis for the judicious use of income from the citizenship program. During the pandemic, the government froze most of the money, reducing the country’s public debt. The rest of the money was used to help the population. The government also introduced tax holidays and incentives to support local businesses.
Caribbean investment programs are the most sought-after by investors. Minimum investments under the programs start at $100,000 and the processing time starts at two months.
Investors are free to travel with a Caribbean passport to more than 140 countries, including Schengen, the UK, and Hong Kong. Investors are entitled to stay in the European Union for 90 days in a six-month period. And Grenadian citizens travel to China for 30 days a year without a visa.
Immigrant Invest is a licensed agent of Citizenship by Investment programs in the Caribbean. If you want to obtain a second passport in a Caribbean country, seek advice from experts in investment programs.
