St. Kitts Passport, St. Kitts Home Buying, St. Kitts Immigration, and Dominica Citizenship Frequently Asked Questions
St. Kitts Passport vs. Dominica Passport, Buy to Let Immigration
This article explainsbuyingDominica PassportCommonly encountered problems with St. Kitts passports, and some of the ideas that may cause you to make mistakesPurchasing a passport means obtaining legal status through regular channels, realizing family immigration, free travel, asset planning capital, and considering as much as possible.dual nationality. To compare St. Kitts with other passport programs, seePassport ComparisonIf you want to immigrate your entire family by way of residency, please click here.Greece EU Green CardThe
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St. Kitts? Safe? No CRS? No CRS? diplomatic relations with Taiwan?
Saint Kitts(also known as St. Christopher and Nevis and the Federation of St. Christopher and Nevis, in English)Saint Kitts and Nevis), is in theCaribbeanvicinityDominican RepublicThe island nation, with a population of about 30,000, was the first to introduce a passport program.Dominican RepublicIt is the second oldest passport program in existence, and every week three to four people ask me what I think about the St. Kitts passport, how is it? Is it safe? Is there a lot of water in real estate? Is St. Kitts or Dominica better? Is there anyCRS? Establishing diplomatic relations with Taiwan? I'll tell you the answers to these common questions in one of the simplest articles ever written.
A while back I wrote a2020 passport immigration program analysis (international version), after reading this article you are more professional than the agent, the latest and most complete and authoritative in-depth discussions, those who haven't seen it can go ahead and watch it.And my hottest video of the year: which passports can you legally buy? Become a citizen of the world in 2020The
in line withTaiwan ImmigrationEligible (non-Chinese born, no Chinese nationality, no Chinese passport, no household registration in Mainland China), or eligible for Hong Kong and Macao residents, may refer toImmigration to Taiwan. If you want to jump legallyImmigration to TaiwanreferenceUpgraded Dominica PassportThe
Why buy a passport?
Buying a passport is the beginning.
The motivation for buying a passport for the sole purpose of traveling is becoming less and less, buying a home, asset allocation, and more people forfinancial securityThe child's learning, and the need to process it afterwardstax identification number, driver's license, document notarization, and then transfer to other status are very common needs, as well as the templates needed during the process, and privacy is very important. If you also have these needs, you can firstContact Us. Some people are already committed to buying a passport, but are still on the fence, not feeling as grounded as we do.consultativeAll after getting very helpful advice.
St. Kitts Passport, Frequently Asked Questions
Great reputation and many sales channels
The program in St. Kitts has a big reputation because of the many sales channels, mainly because of the benefits that the real estate program gives to the agents. Also there is a lot of negative press.
- Malaysian financial scammer Liu Tezo, involved in a corruption fugitive case.
- Money-laundering case of Pilatus Bank, whose president used two St. Kitts passports to evade sanctions(2019)
- St. Kitts developer in another scandal(November 2018)
- A group of tourists carrying 105 white passports were detained while transiting the Caribbean(November 9, 2019)
- Former St. Kitts PM Denzil Douglas detained by UK at Gatwick Airport for carrying £70,000 cash(November 2019)
- National outrage as former St. Kitts PM holds Dominica's diplomatic passport, pledges allegiance to it(March 2020)
Buying a house, real estate investment
The St. Kitts real estate program surrendered 1/2 of the price to two groups of applicants at the same time to contribute $200,000 to achieve the effect of purchasing $400,000 (a unit), the future, if you want to sell, you need both parties to agree to sell to the other two people, resulting in real estate investment is difficult to resell, there is no cash value, not as good as donating money.
Reference Article:Five Things You Need to Know Before Buying a Home in St. Kitts
St. Kitts has no diplomatic relations with China and is relatively safe.
Saint Kitts and NevisSaint LuciaOne of the reasons for the high level of inquiries is the fact that it has not established diplomatic relations with China, but with Taiwan. And ten inquiriesSaint LuciaI would venture to guess that nine out of ten Chinese are there for this reason.
There are many reasons why countries choose not to establish diplomatic relations with China, in public we do not do the discussion carefully, I am in the article:Transferring assets overseas, are you doing it right? -Current Progress of Information Exchange between Popular CBI Countries and ChinaIt has been stated that in 2017 according toOECD Organizational BulletinSt. Lucia has already started the Automatic Exchange of Information (AEI) for financial accounts on January 1, 2018 and St. Kitts back on January 1, 2017 to exchange information back to China. InCredit Suisse's official website,HSBC,DBS Bank (DBS),Standard Chartered Bank,United Overseas Bank (UOB), Singapore,CitibankAll of these provisions have also been added.Refer to the full article HERE.
CRS and bank account considerations
According to the Implementation Regulations of the Individual Income Tax Law of the People's Republic of China No. 707, which was implemented by the State Council of China on January 1 this year:Individuals who have a domicile in China or who do not have a domicile and who have resided in China for a total of 183 days in a taxable year are resident individuals, and resident individuals shall pay individual income tax on income derived from sources within and outside China in accordance with the provisions of this Law.If you take a foreign passport but can't produce proof of legal residence abroad, or if the bank suspects you have Chinese tax residency, you will still face CRS and Chinese tax issues.You can't open an account overseas by just buying a passport, you can refer to the following practices
- Attorneys who choose a one-time packaged service
- or paired with a qualifiedGreen Card Program
- Available for high net worth individualsNon-dom
- We are directly authorized by the Caribbean States and are international legal advisors (Check out the services we offer), you can discuss your situation with us first to make sure that your ideas can be practiced!
Cost considerations
consultationPassport Program ComparisonorAnalysis of the Passport Immigration Program 2020 (International Version)Family ImmigrationDominican RepublicSt. Kitts and St. Lucia are all priced between $190,000 and $200,000 in donations, and there is no significant difference in price between the three programs.
Conclusion: St. Kitts passport still has its advantages
St. Kitts passport remains a Caribbean passport
Passport with the most visa-free countries
Of all the passport programs that are legal and cost less than $300,000, the one with the most visa-free countries is still the St. Kitts passport. (ReferencePassport Program Comparison)
Speed of Processing of St. Kitts Passport
Ranked second only to Dominica
The Citizenship by Investment (CBI) ranking evaluates all countries with CBI programs and for 2019 includes the following 13 countries: Antigua and Barbuda, Austria, Bulgaria, Cambodia, Cyprus, Dominica, Grenada, Jordan, Malta, St. Lucia, St. Kitts and Nevis, Turkey and Vanuatu. Citizenship by Investment Program RankingsSeven indicatorsincluding throughFreedom of movement ,Standard of living ,Minimum investment outlay ,Landing or residence requirements (Mandatory travel or residence) ,Processing time (Citizenship timeline) ,Ease of processing ,Due diligence , each of the seven indicators is worth 10 points out of 10, calculated by averaging the scores for each composite and sub-indicator, and the full article is athere are. The following figure is addedBCBICinnerCivil libertiesComparison.
St. Kitts passport with no immigration supervision, no landing, dual citizenship
Caribbeanof the passport project: Antigua and Barbuda,Dominican RepublicGrenada, St. Lucia, St. Kitts, except Antigua, which requires the applicant to land at least once, the other countries do not need to land and do not require immigration supervision. Applicants can also hold passports from other countries at the same time, and do not need to prove that they have renounced their former citizenship in order to naturalize. The St. Kitts passport program also offers these convenient benefits, the most classic examples beingThe former Prime Minister of St. Kitts has also taken Dominica's passport.. However, he was later prosecuted because of his status as a civil servant.
Bank account information exchange
Matching tax codes, proper communication with lawyers, arranging these things before applying for a St. Kitts passport, and submitting CRS-compliant KYCs to offshore banks after obtaining a St. Kitts passport can effectively avoid the automatic exchange of financial accounts (Automatic Exchange of Information).
- What is it?tax identification number?
- What is it?CRS/KYC?
- Reference to DominicaPost-naturalization documentation services (tax information, driver's licenses)
- Comparison of tax jurisdictions https://www.passporttax.org
- If you have any tax or identity planning related questions, please contact us first.Book a ConsultationHere it is.ferret outServices We Offer.
Extended Reading
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Dominica Citizenship Program
- The Dominica Citizenship Naturalization Program was established in 1993 A.D. and is one of the oldest naturalization programs in the world.
- passport immigrationApplicants are not required to attend an interview
- Immigration can be processed quickly: the time it takes is about 2-3 months.
- The most cost-effective program for single applicants
- The status can be passed on permanently to the next generation in the direct line.
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