Caribbean economic citizenship is very popular due to its affordable cost and many perks offered by the countries. There are different investment options you can use, but they are usually limited to non-refundable donations in development funds and investments in real estate or securities. However, Nevis has recently introduced one more opportunity that may be of interest to you: investment in the production of films and TV programs.
If you want to read a more detailed article about this option, we will be happy to invite you to our portal to access the article on Nevis citizenship for investors and look at other topics of interest. We write about different citizenship-by-investment programs, as well as international business and banking. Nevis is one of the highly recommendable jurisdictions for citizenship, business, and asset protection, so you will find a lot of information about it.
You can also get in touch with our specialists and book a one-on-one session to discuss all the details. The first initial session is free, and we will not charge a penny for analyzing your situation and choosing the most suitable jurisdiction to obtain citizenship, form a company, or open an account. However, most people need competent assistance when they act abroad, and we can help you with all administrative issues at an affordable fee. Click on the link – we are online!
Invest in Film Production
The new investment option was introduced in June 2023, and it is a part of the Public Benefit Option, a unique program launched by the country’s authorities. You will be required to invest 175,000 US dollars to be eligible.
This is a less expensive option than investment in real estate (which amounts to at least 200,000 US dollars and may be raised to 400,000 US dollars under the new requirements). It should also be taken into account that the real property has to be kept for 7 years before you can sell it and keep the passport of your new homeland.
The first entity to benefit from the Public Benefit Option is MSR Media SKN Ltd. Company as it received state approval to raise funds from foreigners that wish to obtain the St. Kitts and Nevis passport to produce movies and TV programs. The company is based in St. Kitts and the USA, and media content is its major specialization.
The company has about 30 years of film production behind its back, and it has completed over 120 movies during this period (10 of these have been shot in St. Kitts and Nevis). Its partners include such major film distribution companies as Screen Media, Saban, and Lionsgate.
Assailant, One Year Off, and Us or Them are among the movies shot by this company. Christmas in the Caribbean, its latest production, has been made entirely in St. Kitts and Nevis. The Philip Martinez movie that features Elizabeth Hurley will be out in cinemas in December 2023.
Make your contribution to the local economy to help it rise to a new level! MSR Media SKN Ltd. has set a goal of making 35 new movies over the next five years using the funds raised from the citizenship-by-investment program, so you may become a part of an exciting movie project!
Public Benefit Option: How Does It Work?
The Public Benefit Option is a scheme approved by government officials that allows foreign investors to contribute money to projects that are of value for the residents of St. Kitts and Nevis and obtain citizenship in return.
Why is movie production so important? First of all, it helps to create jobs for the locals. Second, it stimulates the integration of cutting-edge foreign technologies. As a result, the economic situation in St. Kitts and Nevis gets much better.
If you want to contribute to the Nevisian movie-making industry, you will have to pay not only the above-mentioned amount of 175,000 US dollars but also remunerate the immigration agent (this is a mandatory figure as you cannot apply for citizenship directly to the local authorities) and take care of the administrative and due diligence fees required for compliance.
Due Diligence Fees
Each applicant (except for children up to 16) will have to undergo thorough due diligence checks to make sure there are no episodes in their past that could suggest that they would not be law-obedient citizens. Here are the applicable amounts:
- The main applicant is liable for 7,500 US dollars
- All the dependents above 16 are liable for 4,000 US dollars each.
Want to obtain citizenship on an accelerated basis? This is possible, and you can get your passports within 60 days. However, the due diligence fees will increase considerably: 20,000 US dollars for the main applicant and 10,000 US dollars per dependent.
Administrative Fees
As soon as your application has been approved, you will have to pay the following administrative fees under the Public Benefit Option scheme:
- 25,000 US dollars is payable by the main applicant
- 15,000 US dollars is payable by the main applicant’s spouse or any dependent above 18
- 10,000 US dollars is payable by each dependent under 18
Want to use an accelerated procedure? The fees will equal USD 35,000, USD 25,000, and USD 15,000, respectively.
Use Expert Assistance to Acquire Citizenship
Do you like the new investment opportunity? Would you like to improve the international image of St. Kitts and Nevis in return for an investor’s passport? Go ahead, and receive a bonus in the form of stunning palm-fringed beaches with white sand, the breathtaking sea, and the wonderful tropical climate!
The St. Kitts and Nevis program is going to raise prices and requirements, so hurry up if you are really interested in the opportunity. What is more, a considerable number of applicants may slow down the processing times, so act right now! Book a session with our expert today to make the first step toward a better tomorrow for yourself and your loved ones!
We will be happy to help you and arrange a second passport for you with minimum hassle on your part. If you doubt that St. Kitts and Nevis is the best option (or the conditions change by the time you book a session), we will offer other opportunities to you. Programs come and go, but we will always find the way out!
