St. Kitts and Nevis launched a program to obtain citizenship for bitcoins

The country plans to attract cryptocurrency investors with tax benefits

14.03.2022 - 08:50

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1 min

What’s new? Crypto holders can now participate in a special program to obtain citizenship of the island country of Saint Kitts and Nevis. All they need to do is invest 3,89 BTC ($151 900 at the exchange rate on March 14, 2022) in the country’s economy, Beincrypto reports.

News on the Beincrypto website

What are the benefits of citizenship? In St. Kitts and Nevis since the 1980s, there has been citizenship by investment program in the amount of $150 000 or more. Now bitcoin owners can also apply for a passport in this country. In this, the profit from trading cryptocurrencies will not be taxed.

On top of that, St. Kitts and Nevis citizens get the freedom of travel with facilitated visits to more than 150 countries, including Hong Kong, the Schengen area, Russia, and Great Britain. The country allows dual citizenship and does not require permanent residency on the islands. The main requirement for obtaining a passport, apart from having 3,89 BTC, is no problems with the law.

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