Get citizenship through investment, island woos Nigerians

Officials of St. Kitts and Nevis, a small island country in the West Indies, are currently in Nigeria promoting their country’s ‘Citizenship by Investment Programme.’

Speaking to a gathering of Nigerians at the weekend on Victoria Island, the Chief Executive Officer, Citizenship by Investment Unit Government of St. Kitts and Nevis, Mr Les Khan, told his audience that with an investment of $400,000 in real estate, they could acquire the citizenship of the island country.

Alternatively, he said they could pay $150,000 into his country’s Sustainable Growth Fund to become a citizen, explaining that the fund is generally “used in the purchase of medication to ensure the health and well-being of the growing population; develop climate resilience; build solid and sustainable infrastructure and development.”

Khan said with many countries battling with insecurity, it would not be a bad idea to make the island a second home.

He said apart from the guarantee of security and quality education, a holder of St. Kitts and Nevis’ passport can visit 158 countries around the world visa-free.

No withholding tax in St. Kitts and Nevis; no capital gains tax and no personal income tax. So, as a country for economic investment, obviously, we have a lot of benefits that come with citizenship, he said.

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