St Kitts And Nevis Citizenship Possible Using Bitcoin
by Mike Godfrey, Lowtax.net, Washington
20 June, 2014
At least one company is offering admission to the St Kitts and Nevis Citizenship by Investment Program paid for with the cryptocurrency Bitcoin.
The Citizenship Program of St. Kitts and Nevis was established in 1984 and requires applicants to make an economic contribution to the country. In exchange, they and their families are granted full citizenship. To qualify for citizenship, the applicant must make either an investment of at least USD400,000 in one of the approved real-estate developments, in addition to paying government fees, other fees and taxes, or alternatively make a contribution to the Sugar Industry Diversification Foundation (SIDF) to the amount of USD250,000 (for a single applicant), inclusive of government fees with the exception of due diligence fees.
Once the application is approved, the passport affords the bearer visa-free travel to 120 countries. Apart from travel benefits the islands are a popular choice for tax residency since income tax was abolished in 1980.
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