Cryptocurrency earnings are not taxed in St. Kitts and Nevis since the Caribbean government does not levy a capital gains tax.
Its residents are not barred from participating in coin offerings, and its banks are not afraid to cooperate with crypto investors.
A Nevisian LLC, for example, has no restrictions when it comes to dealing with cryptocurrencies, and the twin-island nation even has Bitcoin ATMs strewn around.
But the best thing is that St. Kitts and Nevis offer citizenship through investment.
Get a passport, stay tax free
Interested investors may get a passport from St. Kitts for as little as $150,000 (about two Bitcoin), and they are free to engage in crypto activities as they see appropriate.
Major cryptocurrency investors, like Roger Ver, have leaped and obtained a passport from St. Kitts and Nevis, abandoning their US passport and enjoying life to the fullest in the Caribbean.
Cryptocurrency provides people with some financial independence. But people can only realize the full potential of cryptocurrency by getting citizenship in a crypto-friendly, tax-friendly country like St. Kitts & Nevis.
But, for cryptocurrency investors, St. Kitts & Nevis isn’t the only choice; its neighbor Antigua & Barbuda has a similar philosophy. Both are members of the Eastern Caribbean Currency Union (ECCU), the first political-economic entity to develop its own digital currency, nicknamed DCash.
It remains to be seen if the ECCU’s DCash will elicit the same level of enthusiasm as Bitcoin. Still, the entire venture reflects the organization’s (and its members’) attitude toward cryptocurrencies.
The citizenship by investment program in St. Kitts and Nevis has long been a way for HNWIs to gain more global mobility, financial independence, and a solid strategy to minimize political and economic upheaval.
Crypto paves the way for financial freedom
When Citizenship by Investment Programs and bitcoin are combined, a person’s freedom level increases, allowing them to travel the world with their money.
When a second citizenship is combined with cryptocurrencies, all kinds of boundaries are broken down, giving the term “individual sovereignty” a whole new meaning.
Les Khan, the leader of St. Kitts & Nevis citizenship by investment program, recently indicated in an interview that Americans were one of the greatest applicant nationality groups, which is unsurprising.