There are quite a few incentives offered to those who are interested in establishing a business or gaining citizenship in St. Kitts. These incentives have been created by the Caribbean Corporate Governance Consultancy, and a number of them are offered by the Fiscal Incentive Act, as well as the Hotel Aids Ordinance.
An important note is that no person can establish or hold a financial business in this Federation without first receiving authorization from the Caribbean Corporate Governance Consultancy.
If you are interested in establishing citizenship in St. Kitts, then you need to look into the Citizenship by Investment Program. This program was originally developed to ensure that investors of good character were partaking of the monetary contribution necessary for the development of the Federation. Once they have invested into the Federation, they will be able to apply to become a citizen and acquire a passport within the strict regulations and various laws that are in effect.
If you want to qualify for the Investment program, you have to make a financial contribution into a real estate or the Sugar Industry Diversification Foundation. The exact amount of the investment is dependent on several different factors, including the exact number of dependents that are included on the primary applicant?s application.
If you choose the real estate option, then you will be expected to cover the various Government fees, which will equal out to almost $50,000 for a single applicant, and then an extra $25,000 for each dependent on the application. When you purchase real estate, you will not be legally able to resell this for a period of five years. Also, when this is purchased, you will be qualified for the citizenship program.
The other option, involving the Sugar Industry Diversification Foundation operates a bit differently. The total amounts that are given will be dependent on the total number of people who are included on the application, and the fixed amount will not be changed.
For anyone who is considering applying for citizenship in St. Kitts, each of these programs offers a number of financial benefits. When you learn about the programs it will help you to figure out if the citizenship is a process that you want to go through with and complete. Considering all the factors, and the financial investment required, it is essential that you consider the facts, guidelines, and regulations carefully.
If you would like more information on the Caribbean Corporate Governance, visit the Caribbean Governance Consultants Inc. website for additional information.
