Since St Kitts and Nevis is a member of the British Commonwealth, its citizens may stay in the UK for 180 days without any extra documents. 3. St Kitts and Nevis’ Citizenship by Investment (CBI) is the oldest programme of this kind in the world and the first in the Caribbean. It was launched in 1984.
Is St Kitts tax free?
For individuals in St. Kitts and Nevis, there is no personal income tax, no filing payment or penalties. There is a standard tax of 17% and a 10% reduced rate which applies within the tourism sector.
Can I buy a house in St Kitts?
In order to purchase real estate in St Kitts & Nevis, foreign buyers need to apply for an Alien Land Holding Licence (ALHL) which has a fee of 10% of the purchase price and takes approximately 3 months for approval.
Does St Kitts allow dual citizenship?
Is Dual Citizenship Allowed? The St Kitts & Nevis government has no restrictions on “dual citizenship” and does not report citizenship information to other countries.
Can I move to St Kitts and Nevis?
Individuals who own a property or land in St Kitts & Nevis and wish to stay in the country longer than 3 months may apply for permanent residency. To apply for permanent residency there is an application fee of EC $200 plus a one-time payment of EC $3,800 upon approval which usually takes 6 months to 1 year.
How do I become a resident of St Kitts?
In order to qualify, you must meet the following criteria: Have a high net worth, so that you can contribute in at least one of the two following ways: Real estate investment of at least $400,000 USD – this investment must be kept for at least five years before citizenship is granted.
What kind of taxes do you pay in Saint Kitts and Nevis?
St Kitts and Nevisian has no income tax, however residents who work in Saint Kitts and Nevis pay social security taxes on their income, which can be up to 10% or 12% of income.
Can you buy property in St Kitts as a foreigner?
Yes, you can buy St Kitts and Nevis property as a foreigner if you apply for and receive the Alien Landholding Licence. The Licence costs 10% of the property value. Can American expats retire in St Kitts and Nevis?
How long can you live in St.Kitts and Nevis?
In order to live on the island for more than three consecutive months, you will either need to apply for permanent residency, or get the St Kitts and Nevis citizenship. Prev Insight Does the US allow dual citizenship?
How to become an US citizen in St Kitts and Nevis?
As a US citizen, you can get the St Kitts and Nevis passport through the St Kitts and Nevis Citizenship by Investment program. Providing you make an investment of at least $150,000 to the Sustainable Growth Fund or in approved real-estate, you and your family can get the St Kitts and Nevis citizenship.
