Saint Kitts and Nevis passport
|Saint Kitts and Nevis passport|
The front cover of a contemporary Saint Kitts and Nevis biometric passport.
|Issued by||Saint Kitts and Nevis|
|Type of document||Passport|
|Eligibility requirements||Saint Kitts and Nevis citizenship|
The Saint Kitts and Nevis passport is issued to citizens of Saint Kitts and Nevis for international travel. The passport is a Caricom passport as Saint Kitts and Nevis is a member of the Caribbean Community.
In 1984, Saint Kitts and Nevis introduced an Immigrant investor program, As of March 2015[update], Saint Kitts and Nevis is the most popular place to buy a passport; for $250,000 a new citizen buys visa-free travel to 132 countries, with no requirement to live in or even visit the country. There is limited disclosure of financial information, and both income and capital gains are tax-free.
In May 2014, the Financial Crimes Enforcement Network issued a warning that St. Kitts had granted passports to foreign individuals who have abused the Citizenship-by-Investment program sponsored "for the purpose of engaging in illicit financial activity." In November 2014, Canada announced it was requiring St. Kitts citizens to obtain a visa, due to concerns about “identity management practices within its Citizenship by Investment program.”
The investment programme that offers St. Kitts and Nevis citizenship is one of the longest-standing programs. The countries opened their doors to foreign investors in 1984. Since this time, they have continued to offer their citizenship to those that are qualified and who have donated a significant amount of capital into the economy.
- "Passports for a Price". Bloomberg Business. Bloomberg L.P. 2015-03-11. Retrieved 2015-03-15.
- "Abuse of the Citizenship-by-Investment Program Sponsored by the Federation of St. Kitts and Nevis". Financial Crimes Enforcement Network. 2014-05-20. Retrieved 2015-03-15.
- "Notice – St. Kitts and Nevis citizens now need a visa to travel to Canada". Government of Canada. 2014-11-22. Retrieved 2015-03-15.
- Sarah McGregor, ", Citizenship By Investment
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