Citizenship via investment comes with the convenient advantage of expanding one’s freedom to travel, and additionally, one can leverage tax advantages by selecting specific programmes. One such option is the St. Kitts & Nevis Citizenship via Investment Programme which offers a series of investment incentives tax-wise.
This programme, one of the most established citizenship via investment programmes in the world, is endorsed by the U.S. Department of State which outlines the following advantages of the St. Kitts & Nevis Fiscal Incentives Act on its website:
Naturally, the government is most likely to approve investments that will create local jobs, but there is no requirement that stipulates an investor must purchase local goods to support, for example, an investment in real estate or the creation of a hotel or resort. Furthermore, the Hotel Aids Act means that one can bring items into the country for use in construction and creation of a hotel with more than 10 bedrooms with relief from customs duties. An Income Tax Act has also been created to provide special tax relief benefits for hotels that feature more than 30 bedrooms. Such hotels can be exempted from income tax for a decade.