Island states are very popular among foreign migrants who want to get another passport, exchanging investments for it. Although, in general, all schemes are similar, there are fundamental differences.
The most appropriate approach to choosing a region is to research all the issues and make a comparison of a couple or three similar programs. It is also possible to turn to specialists who will select a scheme to suit your requirements and tell you about the most affordable options.
St Kitts citizenship by investment: requirements and benefits
St Kitts’s citizenship program started at the end of the last century and is one of the oldest. On average, the timeframe for obtaining a document varies from two months to six months. According to the expert from Immigrant Invest Evgeniya Morozova, a significant advantage is that the region does not require to know the language or pass a historical exam. Even the stay of the investor on the island is not required.
As far as investments are concerned, there are three ways to realize this opportunity:
- $125,000 to a state fund;
- $200,000 to real estate;
- $175,000 to a public benefit.
A foreigner chooses one option acceptable to him and makes a contribution. It is essential to understand that stock investment is irrevocable. And the property can be sold after seven years, and until then, make a profit from it by renting. Objects for the purchase should be chosen only from the list of those approved by the government. Otherwise, there is no possibility of qualifying for a document.
The island has the following requirements for the lead applicant:
- The minimum age is 18 years old;
- no criminal record;
- proof of the source of income and its legitimacy;
- income stability.
The foreigner can expect a positive result if all the requirements are met. The application form may also include the following:
- a spouse of the opposite sex without a criminal record;
- minor children;
- children between the ages of 18 and 30 who are in the custody of the lead applicant;
- parents from 55 years old, financially dependent;
- unmarried and childless siblings under 30 years of age.
In addition, the citizenship of the island is hereditary.
Future passport holders can travel visa-free to more than hundred and fifty countries. Unlike similar papers from other regions of the Caribbean, St. Kitts is an excellent opportunity to travel. There is also the right to apply for a long-term visa to the United States. With it, one can not only travel but also undergo medical care.
A favorable tax environment contributes to income growth. There are no capital gains or inheritance taxes in the region. Financial optimization attracts foreign business people to obtain St. Kitts citizenship.
Antigua and Barbuda: conditions and features
Antigua and Barbuda citizenship in exchange for investment, unlike the previous scheme, on the contrary, appeared only ten years ago. The starting price is 100 thousand dollars. There are also several naturalization options:
- a fund contribution of $100,000;
- $150,000 for university development;
- The purchase of apartments from 200 thousand dollars;
- $400,000 for business.
The first two options are non-refundable donations. However, in the case of a charitable contribution to the University of the West Indies, one family member under the age of 29 receives a year of free tuition.
For example, it is possible to purchase real estate from government-approved properties or shares in hotels. This way, the property will generate income for the investor immediately after purchase. Then, the property can be sold after five years, and the money can be returned.
A single investor must spend one and a half million dollars to develop the business. In the case of a group investment, each must invest $400,000. Along with cosmopolitans, immediate family members can apply for citizenship:
- spouses;
- children under 18 years of age;
- Adult dependent children under 30 years of age;
- parents age 55 or older, supported by the lead applicant;
- unmarried brothers and sisters.
The Antiguan passport allows one to travel to 151 regions around the globe. It does not require a visa. It is allowed to stay in the European territories for up to 180 days per year. One can apply for a long-term visa to the United States, which helps one not only to travel but also to be treated in American clinics. The Antigua and Barbuda citizenship program does not require a permanent stay inside, but foreign nationals with citizenship may consider the island an alternate airfield. Entry is allowed even with “closed” borders. The region can become a safe haven in light of the unstable political situation. In addition, foreign investors see the land as a way to optimize taxes. The loyal atmosphere is conducive to capital accumulation.
Conclusions
Citizenship schemes in exchange for significant investments have been known for a long time. They are used by thousands of citizens every year. The variety of programs makes it possible to choose the most appropriate ones for each investor. However, there is no time to deal with the paperwork alone, and to avoid potential mistakes, experts recommend asking for help.
Consulting companies lead clients from the consultation stage to the moment of receiving the paper. However, gathering the necessary documents, apostille, selecting objects, and concluding a purchase and sale agreement is time-consuming and requires specialized knowledge. Hence, investors cooperate with professionals to save time and money. Moreover, often by law, it is possible to apply only through a licensed representative.
The migration process is responsible, but it is not worth delaying. Real estate prices go up every year. The cost of programs also changes, and conditions may also vary. Once you have decided, turn to professionals and improve your life.