The Option Of A Second Passport - St Kitts & Nevis Citizenship By Investment

Individuals and families are becoming increasingly mobile and the ability to hold a second passport is becoming more relevant. The Caribbean is an attractive destination for a number of reasons, including the relaxing lifestyle, beautiful scenery and the climate. There are also opportunities to hold a second passport, even if the immediate intention is not to relocate to the Caribbean.

Why do Families and Individuals Require a Second Passport?

There are a variety of reasons why wealthy individuals wish to acquire a second or alternative nationality:

To offer insurance against political, economic or fiscal change in the individual's country of origin. To make international travel easier. Nationals of many countries have to endure lengthy waiting periods to obtain visas for travel to a number of western countries. This may be because they are nationals of a developing country or there may be animosity between their country and another. To allow the passport holder to avoid discrimination. To avoid the risk of potentially hostile treatment by Government officials, kidnappers and hostage takers. To present new opportunities for the tax structuring of personal tax affairs. Generally an individual's residence and citizenship are the ultimate basis for the...