Everything You Should Know About the St Kitts & Nevis Regulations

If you plan on applying for the CBI program here, by obvious practical means, you have to resort to following a set of regulations. These rules and regulations are set within the legal framework of rewarding citizenship to a foreign investor. In order to get Saint Kitts and Nevis citizenship by investment, it is essential to comply with the instructions of the concerned authorities. The process would be fast and convenient, favorable to your objectives. What exactly are those regulations? Read the rest of this blog to know those.

The Individual Should Be an Adult

The applicant’s official age by all practicality must be above 18 years. The rules say that a person who is yet to be an adult officially is not eligible for the prestigious program. So, a person needs to be an adult, if he or she wants to avail the citizenship and rights associated to it.

Clean History Without Any Criminal Records

In the context, the applicant should not have any sorts of criminal records if he or she intends to apply for the prized citizenship of St. Kitts and Nevis. Also, when the person is applying, he or she must possess a clean travel record. Such factors expedite the extensive procedures of your application.

Investing in Sustainable Growth Fund

As a wealthy name person, you have to invest about $ 195, 000 (in case of a 4 member family) focusing on the ‘Sustainable Growth Fund’ of St. Kitts and Nevis. In recent times, due to the onslaught of pandemic, the limit has been decreased to $150, 000.

Investing in the Booming Realty Market

The country has a booming real estate market that offers plenty of opportunities to exploit various lucrative investments. You can build a solid investment portfolio centered on island country’s realty market. The specific CBI Program has a set law to invest $ 400, 000 in realty sector of the country, for the least or a minimum period of 5 years.

No Duty in Trading Within Caribbean Islands

If you plan to chalk out a trade plan and implement it within various Caribbean islands, then you would be very pleased to know that the Government never tries to impose any duty on trading activities within the Caribbean periphery. You can practically strengthen the prospects of your trading business, with such facilities, and related tax benefits.