People having dual citizenship can enjoy many benefits.
Dual citizenship provides the freedom of doing business globally and allows an individual to enjoy the citizenship rights of another country, apart from his own country.
St.
Kitts has come up as one of the few countries, which foreigners find quite appealing to live in permanently.
The country owns a wealthy and stable economy and has high standards of health care.
The living standard of people residing in St.
Kitts is quite high.
The country is famous for its strong political infrastructure and low tax regime.
However, to gain citizenship in the country, a person needs to meet certain requirements.
Advantages of Gaining Citizenship of St.
Kitts and Nevis: 1.
When a person obtains a residency permit, he/she gains the right of travelling to more than 120 countries, without the need of country-specific visas.
Switzerland and UK are a few of these countries, where one can travel by having a St.
Kitts citizenship.
2.
The laws of the country do not need the applicant to live in the country.
3.
An individual can apply for the residency of his dependents and spouse.
4.
In the country, foreign income is completely tax-free.
5.
Applicants have no restrictions in applying for residency in the country.
6.
The applicant does not need to attend any interview in the immigration investor program.
Unlike most of the other countries, one can complete the application process in the country even without being present there.
How to Obtain Citizenship in the Country? Investment Immigration is the way through which one can get a citizenship in the country.
Foreigners intending to get the citizenship and a passport of the country need to invest in the country.
The applicants can either invest in the "Sugar Industry Diversification Foundation" or in the real estate of the country.
Since most of the countries do not grant citizenships to foreigners through the process of investment, this nation is an attractive option for foreigners.
Investment in Real Estate: Real estate investment is the most commonly chosen option by foreigners to get the citizenship of the country.
However, the program of real estate investment involves several conditions that applicants need to meet.
Some of these conditions are: 1.
The applicant needs to invest at least an amount of US $350,000 in one of the real estate projects of the country.
2.
After the applicant invests in real estate, he/she should keep up the property for at least 5 years, for being eligible to get the citizenship.
After the applicant owns the property for 5 years, he/she has the right of selling it.
3.
The applicant should pay an amount of US $35,000 for himself/herself, and US $15,000 per head, for spouse and dependents aged below 18 years, if any, to the country's government.
4.
The applicant also needs to pay an amount of US $35,000 to the government for any dependents aged between 18-25 years.
5.
In case the applicant wishes to include anyone aged above 16 years in the application, he/she should pay US $3,500 to the government for that person.
This amount serves as a due diligence fee.
6.
The applicant must also pay other legal fees in the process of buying a real estate.
This information would help a foreigner to get the citizenship of the nation through real estate investment.
The process of obtaining citizenship and passport of the nation is quite simple as compared to that of other countries.