Citizenship for Sale: St. Kitts and Nevis, Plus Seasteading

Discussion in 'General Discussion | Travel' started by sobore, Feb 17, 2012.  |  Print Topic

  1. sobore
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    sobore Gold Member

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    http://reason.com/blog/2012/02/17/citizenship-sale-kitts-seasteading

    St. Kitts and Nevis is one of only two nations, along with the island of Dominica, that formally sell citizenship ("citizenship-by-investment"). As tax consultants Henley & Partners points out, these West Indies locales are very enticing for libertarians:

    The Government grants tax breaks, guaranteed repatriation of profits and concessions on import duties. There are no income or capital gains taxes, no net wealth taxes and no inheritance or gift taxes in St. Kitts & Nevis.

    Plus, unlike the Free State Project in frigid New Hampshire, St. Kitts and Nevis are islands in the Caribbean. And Lysander Spooner fans can rejoice: There's even a secession movement for Nevis to split away from St. Kitts.


    Read More: http://reason.com/blog/2012/02/17/citizenship-sale-kitts-seasteading
     
  2. mht_flyer
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    mht_flyer Gold Member

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    Frigid New Hampshire? It's been quite a mild winter actually. :)
     
  3. HaveMilesWillTravel
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  4. kyunbit
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    what if MPers pool in money and become joint owners of $400,000 worth of real estate? We can then travel visa-free in a lot of countries
     
  5. Gaucho
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    Gaucho Gold Member

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    Having multiple citizenships can be a good thing....
     
  6. druiddation
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    druiddation Gold Member

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    Neil Strauss writes about the process involved in getting a St. Kitts and Nevis passport in Emergency: This Book Will Save Your Life.
     
  7. MSPeconomist
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    yes, I'm so jealous of those who do have multiple citizenships.....
     
  8. NYBanker
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    For those that don't have $400k in cash, nothing in that article appears to preclude the use of a little leverage for your purchase... ;)
     
  9. MSPeconomist
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    At least at the time of the Hong Kong handover, Canada was doing something similar. One could obtain a permanent residence visa in exchange for a modest investment in a business. AFAIK this is still possible.
     
  10. HaveMilesWillTravel
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    Not sure about modest, but you can apparently get a US greencard through investment as well:

    http://www.uscis.gov/portal/site/us...toid=cf54a6c515083210VgnVCM100000082ca60aRCRD
     
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  11. MSPeconomist
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  12. msny

    msny Gold Member

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  13. HaveMilesWillTravel
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    Ahhh, so many choices, so little money :)
     
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  14. wijomas
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  15. kiwi
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    Lots of countries have an investor migrant citizenship category.
     
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  16. wijomas
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    Aren't most of them PR only and citizenship comes later? I believe St Kitts is one of the few that grants immediate citizenship.
     
  17. GUWonder
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    Some countries a decade or two ago used to make not only ordinary citizenship available for sale, some would even sell diplomatic status as part of the citizenship-for-sale package. Most such countries that became known for such practices got some nasty pressure from the US and other OECD countries and so that approach is now largely under the table. One step forward and two steps backwards, courtesy of those who would dictate to others while ignoring their own backyard (as ambassadorships are, in practice, largely for sale in some form or another with a bunch of the OECD countries)!

    Most such programs are for residency status first. Some do have expedited citizenship programs or allowances for a head of government/state (or their designees) to grant citizenship to foreigners on an expedited basis that doesn't involve first granting permanent residency status.
     
  18. GUWonder
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    I used to have my reservations against dual/multiple citizenship possibilities, but increasingly I have come to the conclusion that the possibilty of having multiple citizenships at any given moment in time may be a good thing, particularly when governments try to lock-in even citizens not convicted of a crime by denying such citizens passports. For example, in the US, those with reported child support payment debts (as little as $2,500?) are systematically blocked from US passport acquistion/retention; and there is currently a desire in the US Congress to lock in US citizens who have tax debts, even those debts calculated erroneously, by denying them passports too. The irony is that these efforts to lock-in citizens can backfire, including by way of undermining income generating opportunities that would expedite payment of such obligations.

    Multiple citizenship status is a way to reduce any given government's ability to lock in free citizens who can't be legally incarcerated. That's indeed not a bad thing at all.
     
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  19. MSPeconomist
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    Didn't Anna Nicole Smith have one of these funky citizenships in Bermuda or the Bahamas or someplace somewhere when she died?
     
  20. GUWonder
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    I recall no such thing, but I was never one to pay much attention to celebrity gossip in the entertainment realm. Honorary consul status perhaps? That has been often granted even to non-citizens, but she doesn't seem like the kind of person who would have wanted or been useful for such role.
     
  21. GUWonder
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    The US Senate has unanimously passed a provision to routinely block US passport issuance to US citizens who are considered to have US tax debts of $50,000 or more and have not entered into a payment arrangement or other compromise/understanding with the IRS. The provision is likely to not be excluded in the final bill (a transportation funding bill) and thus will likely start hitting some US citizens at the start of 2013.

    Seems like some people in the know will be rushing to pick up a St. Kitts & Nevis or Dominica citizenship status and passport before it is too late.
     

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