Recently, Global Citizen Solutions (GCS), a leading global immigration consultancy, released its 2024 Caribbean Retirement Livability Island Rankings.
The list is based on a comprehensive assessment of several dimensions, including cost of living, economic stability, quality of healthcare, diversity of living options and amenities.
In the end, St. Kitts-Nevis stood out from the rest of the islands by virtue of its unique advantages and managed to top the list.
01
Low taxes and low cost of living
St. Kitts and Nevis, a twin-island country located at the confluence of the Atlantic Ocean and the Caribbean Sea, is known for its stunning natural beauty and pleasant ecological environment.
Its lush mountain ranges, spectacular volcanic landscapes, and coastline around the Caribbean and Atlantic Oceans make it a tropical paradise that is highly sought after by tourists.
However, it's not just its natural beauty that makes St. Kitts and Nevis a top Caribbean retirement destination.
First and foremost, St. Kitts-Nevis has an extremely tax-friendly environment, with income tax exemptions on local and global income, as well as exemptions from capital gains, inheritance and wealth taxes, providing retirees with tremendous financial advantages.
But more importantly, St. Kitts-Nevis is also known for its high level of security and stability.
The country scored 89 out of 100 on the 2024 Global Freedom Score, a rating that also reflects its political stability and civil liberties, providing retirees with peace of mind.
02
Ease of Immigration
St. Kitts and Nevis is also irresistibly attractive to investors seeking to optimize their asset allocation and global mobility, as well as immigration without residency.
Under the Citizenship Act (1984), foreigners who have made a significant contribution to the economy of St. Kitts and Nevis are eligible for direct citizenship.
There are 2 types of investments:
① Invest at least $400,000 in a government approved real estate project or $800,000 in a single-family home and hold for 7 years;
② Contribute at least $250,000 to the St. Kitts and Nevis Sustainable Island State Contribution Program (SISC).
The immigration program is easy to apply for, simple to process, and does not require the applicant to physically land, and passports are usually issued within 3 to 6 months.
In addition, a St. Kitts and Nevis passport provides visa-free/visa-on-arrival access to 162 countries and territories around the world, including the Schengen Area, the United Kingdom, Hong Kong, Singapore, and Russia, which greatly facilitates international travel and business activities.
Therefore, if you are looking for an ideal place to retire or wish to optimize your asset allocation, St. Kitts and Nevis is undoubtedly the ideal choice.
For more information, please contact Nebulae International and we will provide you with a customized service.
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