Saint Kitts and Nevis Starts Offering Citizenship in Exchange for Crypto Investments

The authorities of the Caribbean islands of Saint Kitts and Nevis Starts have started to allow citizens to participate in ICOs, and the country’s banks cooperate with crypto investors.

Crypto income in Saint Kitts and Nevis is not subject to additional fees and taxes, as the government does not impose capital gains tax. Crypto ATMs operate in the country without any kind of restrictions.

Les Khan, head of the St. Kitts and Nevis Citizenship by Investment program, has said on the initiative:

“Cryptocurrencies give people sufficient financial independence. But people can realize the full potential of cryptocurrencies only by obtaining citizenship in a crypto-friendly and tax-free country, such as ours.”

Crypto investors interested in the initiative can get a St. Kitts passport for just $150,000 (less than 4 BTC), and are free to engage in any branch of the crypto industry they choose.

Crypto enthusiast and fintech investor Roger Ver did the same in 2014, when he renounced his American citizenship and received a Saint Kitts and Nevis passport.

The island nation of Saint Kitts and Nevis is not the only relocation option for crypto investors. Antigua and Barbuda has a similar initiative.