What is Economic Citizenship?

Economic Citizenship is a programme where a foreign investor in a real estate project in another country, such as St. Kitts in the Caribbean for example, is to apply for citizenship of that country eligible because of their investment. The investor pays an additional application fee, and if they pass the usual security checks they and their family members are approved for economic citizenship, given a second passport, and all the rights and privileges that entails. This new option is demonstrating that in this day and age, citizenship doesn’t necessarily have to be where you were born, but rather a free choice based on lifestyle.

How does Economic Citizenship benefit the country?
Economic Citizenship benefits countries such as St. Kitts because the programme encourages foreign investors to finance projects throughout the country. By bringing in this foreign capital, St. Kitts can increase the strength of its economy and develop its infrastructure.

How does Economic Citizenship benefit the investor?
Not only does Economic Citizenship give the investing individual the privilege to work and live in St. Kitts freely with no restrictions, they (and their business) also benefit from escaping taxes in their home country for the relatively generous tax system on St. Kitts. Also, holding a St. Kitts passport makes international travel easier, as it means the individual will not have to apply for a visa for 125 countries around the world.

What are the Requirements?
Most Economic Citizenship programmes require a minimum investment in an approved real estate development or other project, as well as an application fee for the applicant and any other family members. A development such as Ocean’s Edge on St. Kitts is an example of a qualifying investment opportunity.

If you are planning to invest in St. Kitts property and you seek financial freedom and improved travel, look into applying for economic citizenship as it might be the best option for you.