Tag: St. Kitts
New Age Limits for St Kitt’s Citizenship by Investment scheme.
St. Kitts and Nevis have just introduced a number of key amendments to improve the country’s Citizenship by Investment programme. Changes will take effect as from 1st January 2017.
One of the most advantageous amendments is that older, dependent children up to the age of 30 years old can now be included under the a family application. This is one of the highest age limits for children that we have seen across the various residency and citizenship programmes that we offer and can fill a gap in the market. Dependent children born after citizenship has been granted and under the age of 16 will also be eligible for citizenship.
St Kitts have also updated the rules for parents. The age limit for dependent parents is now 55 years old, as opposed to the pervious age limit of 65 years old.
The St Kitts and Nevis Citizenship by Investment programme requires a real estate investment of €400,000 + costs and will grant investors and their family members citizenship within 3- 4 months. A St Kitts Passport will enable visa free travel throughout several key areas, including the Schengen zone, UK and Canada.
One of our most popular real estate investments projects in St Kitts has been this 5* Hotel Resort. Here investors can expect to find high quality luxury hotel apartments with sensational views across the crystal clear Caribbean sea. For more details and free advice, please contact one of our consultants.
Dominica’s Citizenship by Investment Programme Amends Family Age Limits.
As part of the Commonwealth, Dominica is just one of a number of Caribbean islands offering a low cost Citizenship by Investment scheme. Dominica has just recently amended its programme to include some additional benefits. One of the main improvements is that the age limit for children has been increased from 25 years old to 28 years old. Secondly, the age limit for elderly dependents has been decreased to 55 years old, resulting in a more flexible scheme for those wishing to include a number of family members under one application.
Dominica offers one of the most cost effective and quickest citizenship by investment programmes in the world. Investors can choose from two main options to obtain a second passport, a non refundable donation to the government at $100,000 per single applicant + fees, or an investment in real estate, starting from $200,000 + fees. The passport can be issued as quickly as 3 – 4 months and will allow investors the ability to visa free travel to over 100 countries worldwide including the UK and the Schengen zone.
The government fees associated with a real estate investment are now as follows:
- Children above the age of 18 but younger than 28 – $25,000.
- Elderly dependents – $25,000.
Investors considering the Caribbean, can also look at the Citizenship by Investment schemes in St Kitts, Grenada, Antigua and Barbuda and St Lucia.
La Vida can assist with both the donation and real estate options for this programme. To view one of our most popular investment projects in Dominica, follow this link for Dominica Real Estate
Citizenship Investment 2016
There has been a substantial increase in the number of citizenship by investment programmes in recent years and 2016 looks set to see further change.
Global citizenship and residency programs leading to second passports have been in existence since the 1980’s led by those of St. Kitts and Canada. In recent years the numbers of programmes have increased exponentially along with rising demand from High Net Worth Investors (HNWI’s) for the benefits they offer. Over half the worldwide programmes available today and all the European residency visa offerings, have come into existence in the last five years. Most programmes see amendments to their rules annually. The landscape continues to change.
The year ahead is expected to bring further developments. The migration crisis in Europe and global security fears are two factors driving change. Certain countries within the European Union are under pressure to amend rules, Canada recently scrapped its programme, the Caribbean countries are being watched carefully following mistakes in their issuance of passports and the USA looks set to modify the popular Eb5 programme.
Against this backdrop of change and evolving opportunities it is important to gain the right advice that is both balanced and independent. La Vida deals with over 15 different programmes worldwide. Clients who decide to engage our services gain a balanced and informative opinion on the right programme for their needs. And through our carefully selected lawyers, real estate partners, banks and developers we ensure they gain a comprehensive A to Z service.
It looks to be an exciting year ahead and anyone considering investing for residency has a number of attractive options open to them. Please do contact our consultants for any advice against this changing background.
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