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The Caribbean Islands are one of the most popular tourist destinations in the world. That is not a surprise considering the beauty of these places. If you are planning to travel there more often, you should check out the amazing possibility of becoming a full citizen, which is much easier when compared to most other countries.

There are some states like St. Kitts and Nevis, Grenada, Antigua and Barbuda, and more, where you can easily become a citizen by making a donation or investing in property. If you want to buy property in St Kitts, there are some terms that you should know about, and we are going to introduce you to the most important details.

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Requirements

The most popular option is to apply for citizenship by investing. There are two types of this model. The first one is a more affordable option where will have to buy a property that is valued at at least $200k. The requirement, in this case, is that you won’t be able to sell it for the next seven years. Also, if the value is over $400k, this period is lowered to five years.

On the other side, if you want to skip these terms and work in the real estate business here by buying and selling properties more often, you can donate $150k to get citizenship, and you will be free to invest and sell right away.

Process

The first part of the process is to apply for one of the models. On the other side, you can buy a house there even as a foreigner. Finding a reliable and well-known agency is a very important part of the process.

There is no need to rush as well. The popularity is very high, and there are many houses available on listings. In most cases, you will have to pay a deposit when you choose a property. Moreover, there is another fee that you will have to pay if you are a foreigner, and it is a 10% tax.

Costs

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The first part of the process is to apply for one of the models. On the other side, you can buy a house there even as a foreigner. Finding a reliable and well-known agency is a very important part of the process. There is no need to rush as well.

The popularity is very high, and there are many houses available on listings. In most cases, you will have to pay a deposit when you choose a property. Moreover, there is another fee that you will have to pay if you are a foreigner, and it is a 10% tax.

Last Words

There are many benefits of making this choice, especially when it comes to citizenship by investment. The prices of real estate will become higher in the future. Also, this country has an excellent taxation system where you don’t have to pay more for financial gains. Therefore, it can be a great place to start your business. It has great relations with many countries, and you will be able to travel without a visa to more than 140.