Through Property Investment

The minimum amount to be invested is USD 350,000. The investment property must be located in one of the approved investment project areas. All properties are legally held and their use is unrestricted. Saint Kitts & Nevis boasts one of the most prosperous property markets in the Caribbean region thanks to a number of luxury resorts and the important medical university located there.

 

The citizenship by investment st kitts is a valuable asset when it comes to tax considerations, especially if you are a high net worth individual from a country that levies taxation on your worldwide income, assets and gains.

 

When used in the correct way, citizenship may be a buffer against high tax rates even though obtaining another citizenship should in no way be driven by a clear intention of avoiding domestic taxation. As such, one of the most powerful advantages of the Saint Kitts & Nevis citizenship is that there is no world income taxation, no personal tax, no restriction on the repatriation of profits and imported capital, no inheritance tax, no withholding tax for nationals living abroad and no tax credits.

To qualify for economic citizenship, two options are available

 

Some other benefits of the Saint Kitts & Nevis citizenship, in addition to visa- travel or stamped-on-arrival travel to a whole range of countries including European Schengen countries and most British Commonwealth member countries, include no requirement to reside in Saint Kitts & Nevis, full residence status, no restriction on dual citizenship, and life-long citizenship in a British Commonwealth country, etc.

 

As well as the above advantages, for some people, obtaining a second citizenship and a second passport grants them added dom (dom from over taxation as stated above, violence and political unrest, dom to travel for business or pleasure, dom to create opportunities for the future of their family).

New Citizenship Rules for Antigua

 

New citizenship rules have been put in place. This was done to correct some problems that were found in the previoship rules. The new rules are designed to make the citizenship rules easier to understand and enforce. The three main changes in the antigua citizenship rules are:

 

Restoring or granting antigua citizenship to citizens who either never had citizenship or had lost their citizenship due to previoship laws.

 

The new rules limit antigua citizenship to the first generation of children born to antigua parents outside the boundaries of antigua.

 

The previoship rules were more confusing and led to many people being unsure of their citizenship standing in antigua. Before the new rules went into effect, people living outside of antigua who were born to antigua parents, or had antigua grandparents had to submit an application to retain or keep their antigua citizenship, to live in antigua for one year, or to prove that they had a solid connection to antigua before their 28th birthday. This led to confusion because many of these people did not realize that they had antigua citizenship in the first place.

 

The new law simplifies this because only the first generation born outside of antigua is now granted citizenship without a citizenship application. It was believed that the first generation born outside of antigua would at least be aware of their parent’s citizenship status. By limiting the inherent right of citizenship to the first generation born outside of antigua, antigua is able to better protect the value of citizenship for future generations. The old rules allowed the inheritance of antigua citizenship to an unlimited number of generations.

 

The US government recognizes that the concept of dual citizenship does exist but does not encourage it as a policy due to the problems that may arise. Claims of other countries on dual citizenship may coict with US law. It may also limit US government efforts to assist citizens abroad. Although a naturalized citizen has to undertake an oath renouncing previous allegiances to other countries, the oath has never been enforced for the actual termination of original citizenship.

 

The country where you, as a dual national are located generally has a stronger claim to your allegiance than that of the other country. Having said so, dual nationals do owe allegiance to both the United States and the foreign country. You have to obey the laws of both countries. Both the countries have the right to enforce its laws, particularly if you are likely to later travel there. Most s, including dual nationals, are required to use a US passport to enter and leave the United States. You may also be required by the foreign country to use its passport to enter and leave that country.

 

Off late, there is a significant increase in the number of persons who maintain their ship in some other country. Most countries allow a person to renounce/ lose citizenship. The process on how to renounce a foreign citizenship can be obtained from the foreign country’s embassy and consulates in the US. s can renounce their ship in the proper form at US embassies and consulates overseas.

 

The new law does not force the first generation of children born to antigua parents outside of antigua to become citizens. They are granted that privilege at birth but are  to renounce it if they so choose. There is a streamlined renunciation process available to adults that were affected by the changes in the citizenship law that went into effect in 2009. This is generally used if the person in question was already a citizen of another country before the law went into effect, and wishes to remain a citizen of that country. However, if the country they are a citizen of allows dual citizenship, they may wish to retain both citizenships.

 

If you are unsure whether you were affected by the changes to the citizenship rules of antigua, you may want to consult a antigua lawyer. They understand the changes and can clearly define your citizenship status. If you wish to change your status a antigua lawyer can also help you file the paperwork needed to rescind your newly awarded citizenship.

 

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