The Advantages of a Second Passport

Many home buyers who are planning to invest in real estate on the beautiful island of St. Kitts in the Caribbean are realizing that there is a programme that allows them to obtain citizenship of St. Kitts as well as many other privileges and freedoms that make an international lifestyle much easier.

This programme is known as St Kitts Economic Citizenship, or a St Kitts Second Passport. Upon investing a minimum amount in an approved real estate project, and paying an application fee, and after all appropriate checks are made, the applicant becomes a citizen of St. Kitts. Not only does this new citizenship allow you to live and work in St. Kitts freely, there are also many other advantages as explained below.

• The children of the applicant are also eligible to receive a second passport, which allows them access to world-class education at the many International Universities on the island of St. Kitts. The island is a friendly and safe place for young children, and it was named one of the top 20 islands in the world to live in.
• A second passport provides many advantages for the business owner, such as a generous tax regime. Many business owners and entrepreneurs find their earnings stifled by the heavy tax systems in countries such as the United States. In St. Kitts there is no Wealth Tax, Inheritance Tax, Foreign Income Tax or Capital Gains Tax. If you have worked hard to earn your riches and don’t want to see them disappear to the tax man, a second passport might be a good option for you.

Also, St. Kitts is an excellent place to run a business, due to the hard working and educated local labour, tax free trade with Canada and the rest of the Caribbean, and strong currency here that is tied to the US Dollar.

• Last but not least a second passport from St. Kitts also gives you the freedom to travel to 125 countries around the world, without a visa.

As you can see, a second passport provides homeowners with several more advantages than simply allowing them to live and work in St. Kitts.

Interesting in finding out more about a St Kitts second passport ? The experts at Oceans Edge St. Kitts would be happy to help!