St. Kitts is rich in tourism assets and is known as one of the 20 most livable islands in the world. It not only boasts cultural landscapes such as the historic Brimstone Hill Fortress National Park but also famous attractions like Banana Bay and Nevis Peak, offering breathtaking scenery everywhere. Tourism has become a rapidly developing industry for the economy of St. Kitts and Nevis, growing at a steady pace every year.
According to data from the World Tourism Organization, for every 1 unit of currency received by the tourism industry, it brings 4.3 units of value-added benefits to the local national economy. The development of tourism in St. Kitts has also driven the growth of related industries such as finance, transportation, hotels, catering, and services. Statistics show that in 2017, the direct contribution of tourism to the GDP of St. Kitts was 6.6%; in 2018, the contribution of tourism to GDP increased by 3% year-on-year; it is expected that by 2028, the direct contribution of tourism to the national GDP will reach 8.9%.
Prime Minister Timothy Harris clearly stated at the National Economic Consultation last October that in terms of the economy, St. Kitts' economic development has jumped to second place in the Caribbean Community, which is an outstanding achievement for St. Kitts in the past 40 years. 2019 was also the fifth consecutive year of economic growth for St. Kitts.
Previously, the St. Kitts government had gradually shifted its focus to restoring the local hotel industry to prepare for the recovery of tourism. It is reported that about 80% of employees in the manufacturing sector in St. Kitts have returned to work, and the St. Kitts government has focused its attention on restoring the country's hotel industry to normal levels in the last quarter of 2020.
Currently, the St. Kitts government is working to accelerate the recovery of the tourism industry. The St. Kitts Tourism Authority, relevant tourism departments, and the COVID-19 Task Force are working intensively to promote a series of training courses to allow stakeholders to obtain the "St. Kitts Tourism Approval Permit." The "Travel Approval Permit" is a program developed by the tourism authorities of St. Kitts and Nevis. Institutions and operators that meet the minimum health and safety standards for COVID-19, and all tourism stakeholders, will receive "Tourism Certification Seal" training.
It is believed that with the recovery of the tourism industry in St. Kitts, it will promote its economic development. Similarly, economic development has also injected a shot in the arm for the St. Kitts Citizenship by Investment Program. The increase in GDP, continuous improvement of infrastructure, and more convenient transportation... all these have laid a solid foundation for the enhancement of the value of the St. Kitts passport.
It can be said that now is a good time to immigrate to St. Kitts. As a long-standing citizenship by investment program, the St. Kitts Citizenship by Investment Program is highly favored by investors due to its many advantages such as stable policies, good confidentiality, fast approval speed, and the ability for the whole family of four generations to apply for immigration.
Major Good News
Recently, the St. Kitts and Nevis Citizenship by Investment Unit issued a notice: From July 3, 2020, to December 31, 2020, for investors immigrating to St. Kitts and Nevis through the Sustainable Growth Fund, the donation amount for a family of up to four people will be reduced from $195,000 to $150,000. A limited-time price reduction is here, saving up to $45,000!
Advantages of the St. Kitts Citizenship by Investment Program
1. One of the Commonwealth passport programs with a very low investment amount;
2. Obtain citizenship: One application, four generations benefit;
3. Safe: Approval first, investment later, low investment risk;
4. Short application time: After submitting the application, you can generally obtain principle approval in about 4 months. If you use the Accelerated Application Process (AAP), you may even be approved rapidly within 45 to 60 days;
5. No immigration detention: No residency requirements, no need to report to the country;
6. Tax benefits: Exemption from personal income tax, inheritance tax, gift tax, foreign income tax, etc.;
7. Enjoy Commonwealth country treatment, and in St. Kitts and Nevis, enjoy free British-style education from primary school to high school. Most Commonwealth member countries mutually recognize credits and academic qualifications. If you return to China for further studies as an international student, those who meet the conditions can easily enroll in domestic prestigious universities without written exams;
8. Visa-free, visa-on-arrival, or e-visa for 156 countries and regions: Including EU and Schengen countries, the UK, Hong Kong (China), Taiwan (China), Singapore, Russia, India, Indonesia, etc. For example, if you apply for a US visa, you can generally be issued a multiple-entry visa valid for 10 years.
To immigrate to St. Kitts, in addition to the donation method, investors can also obtain citizenship through financing. Currently, the St. Kitts and Nevis Central Business District financing project is known as the "cheaper citizenship by investment program in Commonwealth countries." The investment amount is low, saving principal, and by paying relevant government fees, the whole family of four generations can apply for a St. Kitts and Nevis passport, enjoy the treatment of Commonwealth citizens, and there is no worry about selling or transferring property after 5 years!
Additionally, Worldway Group also has citizenship by investment programs for Commonwealth countries such as Vanuatu, Saint Lucia, Dominica, Antigua, and Grenada for you to choose from!
2020 Health Planning Year! Health planning, identity first! For details, please consult: Mainland China: 400-138-2929 Hong Kong, China: (852)2802 8798
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* The above information is for reference only and does not serve as a basis for investment. Investment involves risks, and choices should be made with caution. *