IN500 - The Option of a Passport to Ease Travel whilst an Application for Alternative Citizenship is Underway
There are several attractive residence schemes whereby non-EU individuals can obtain citizenship and the right to a passport in an EU country.
Two of the most popular EU programmes are the Maltese Individual Investor Programme and the Portuguese Golden Visa Regime.
A St Kitts & Nevis passport could provide a travel and if required, residence solution, whilst plans are being made to live elsewhere.
Maltese Individual Investor Programme
Non-EU individuals can obtain Maltese citizenship, and therefore a Maltese passport, by purchasing or renting property in Malta and holding a minimum investment in eligible Maltese stocks for at least 5 years. In addition, a contribution needs to be made to the Maltese Government. Comprehensive details can be found in Information Note 450: A Move of Residence.
The five year timescale can be critical for certain individuals, who may therefore seek an additional passport option whilst they are awaiting their Maltese citizenship and passport.
Portuguese Golden Visa
The criteria for the attractive Golden Visa Regime stipulate a 5 year period for investments to be held in Portugal. At the end of the 6th year of being classified as resident in Portugal an individual can apply for Portuguese nationality and a Portuguese (EU) passport. The level of investment required varies from €200,000 to €1,000,000, depending on the type of investment made. Comprehensive details can be found in Information Note 450: A Move of Residence.
The six year timescale can again be a factor for certain individuals, who may therefore consider an additional passport option whilst they are awaiting their Portuguese citizenship and passport.
Advantages of Holding a St Kitts & Nevis Passport and ‘Fast Track’
In terms of ease of travel St Kitts & Nevis passport holders:
- Enjoy full Schengen privileges - free movement to 26 European countries
- Can travel to approximately 120 countries worldwide (on a visa free basis or visa on entry basis)
- Do not require a visa to visit Russia or the United Kingdom.
A St Kitts & Nevis Passport and the Fast Track Option
A St Kitts & Nevis passport is an option that can be available within 45 days of the application. This fast track option costs an additional US$46,000.
Details of the St Kitts & Nevis Citizenship by Investment Routes
There are two alternative routes that an individual can choose to apply for a St Kitts & Nevis passport.
- Investment in Real Estate
Investment of a minimum US$400,000 per main applicant in an approved property development area in St Kitts & Nevis. Fees for a family of four are US$450,800, which includes legal fees.
- Investment in the Sugar Industry Diversification Fund
The main applicant must invest US$250,000 in the Sugar Industry Diversification Fund.
The investment required for a main applicant and three dependants is US$300,000.
No Need to Visit or Live in St Kitts & Nevis
The applicant does not need to visit St Kitts & Nevis in order to apply for a St Kitts & Nevis passport. They do, however, need to use an approved intermediary on the island, such as Dixcart, to coordinate the application.
There are NO conditions attached to a St Kitts & Nevis passport in terms of the number of days that need to be spent on St Kitts & Nevis.
If you would like to know more about a St Kitts & Nevis passport and the option to apply for one whilst the citizenship process is underway for another jurisdiction, please contact Graham Sutcliffe at the Dixcart office in Nevis: email@example.com