Digital Nomad's first in a series of reports on Economic Citizenship Programs
Aside from the Canadian Economic Citizenship Program, The St. Kitts & Nevis program is the program I am most familiar with and this is why I am writing about it first. I actually have some first hand knowledge, as I have been to SKN on two occasions in recent years, and have had the privilege of meeting most of the Ministers in the current government.
I will not spend too much time on a history or geography lesson, but will point you to a few links to read about the federation. St. Kitts & Nevis is the smallest and newest country in the Western Hemisphere. It was the first British Colony in the Americas in what was the British West Indies. As such, it is also steeped in history from famous pirates like Captain Kidd, and monuments like the 18th century British fortress at Brimstone Hill, also known as The Gibraltar of the West Indies.
It is still part of the British Commonwealth as a Commonwealth Realm, and has close political and economic ties to Canada. It has a parliamentary form of Government and the head of State is Queen Elizabeth II. These are among the first islands discovered by Columbus. It is a major banking center, and the Eastern Caribbean Central Bank is headquartered on the island of St. Kitts, in the Capital City of Basseterre.
The St. Kitts & Nevis Economic Citizenship and Investment Program was created through extensive legislation to attract substantial investment to the economic benefit of the federation. This is one of the oldest existing citizen-by-investment programs and has been in existence by operation of law since 1984.
It enables foreign investors the ability to acquire citizenship via investment in either designated real estate or contribution to the Sugar Industry Diversification Foundation. It is among the more reputable citizenship programs in existence.
Relatively few passports have been issued under this program. Therefore, the St. Kitts & Nevis passport is highly regarded, and passport holders are afforded very good visa-free travel to 60+ countries (some equate it to holding a British passport). This is a real option for individuals looking to acquire a second citizenship through investment without prior residency requirements.
For a complete description of the St. Kitts & Nevis Economic Citizenship and Investment Program visit this Official Government Website. To review the requirements and application forms visit this Official Government Forms.
Notes: The island of St. Kitts is also known as St. Christopher. At one point the Federation also included Anguilla.
Living The Sovereign Life and Financial Freedom