St.Kitts Second Passport
St. Kitts second passport program is administered with a real estate development and sugar industry diversification project. St. Kitts second passport program was designed primarily to inject funding into these two sectors upon which the livelihood and economic development of the islands of St. Kitts and Nevis depend.
The main concept of the St. Kitts second passport program is to source funding while at the same time provide investors with a means by which they could qualify and be able to apply for second passports and obtain St. Kitts citizenship. With a failing sugar industry in the 1980’s and a budding tourism industry, St. Kitts needed an alternative that would alleviate the economic distress that the island was facing with the loss of its main foreign income earner. St. Kitts second passport was hence designed under the name of St. Kitts Citizenship-by-Investment Program.
Under the St. Kitts second passport scheme, real estate seemed a viable area for expansion due to the large amounts of unused lands that the island is known to have. An investment in real estate in exchange to qualify and apply for St. Kitts citizenship proved effective as an incentive to get investors to purchase and develop real estate in St. Kitts. The same note can be made for sugar diversification programs as new sectors needed to be developed to generate income, as well as a fund to compensate sugar cane farmers and their families during that crisis. St. Kitts second passport program has an interesting start when the motives and objectives are considered.
The implementation of the second passport St. Kitts program, the island immediately began rip of the benefits of foreign investment. Not only did the island gain new citizens who made St. Kitts and Nevis their homes, but jobs were created, infrastructure was developed and sugar farmers were compensated and made capable to start afresh. St. Kitts second passports initiated a series of new and positive development trends for the island.
Apart from these developments, with new arrivals to the island through St. Kitts citizenship, the island’s potential as a premier tourist destination was seen. Lined with pristine, white sand beaches and showered with warm sunshine all year round, St. Kitts citizenship which was made available to foreign nationals also opened up doors in the tourism sector.
St. Kitts passports are recognised internationally, and with many visa free travel agreements with CARICOM, Schengen States and other parts of the world, the St. Kitts second passport program offers many advantages. Second passports are a route to starting a new life, owning a vacation home in the Caribbean and access to economic, social, political and religious freedom.
This St. Kitts citizenship investment project set the tone for many other similar second passport programs that were introduced internationally. St. Kitts second citizenship was the first program of its kind and today, while many others have failed only Dominica’s and St. Kitts second passport investment schemes have been successful to date.
Obtaining a St. Kitts second passport is sure to present many benefits. Settling in and adapting to this wonderful Caribbean island does not require much effort. A true paradise awaits potential investors and families looking to start anew with a St. Kitts second passport.