Citizenship By Investment – St. Kitts & Nevis
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Citizenship By Investment – St. Kitts & Nevis
Synopsis :
The smallest sovereign state in the Americas, the Federation of St. Kitts and Nevis unites the “sister” islands of St. Kitts and Nevis, although both islands maintain certain independent regulation in a Federal system. Tourism, the leading economy of the islands, has been growing steadily bringing with it new hotel and resort developments. Both islands have international airports and are connected by two ferry lines. With its breathtaking natural beauty, warm skies and white sandy beaches, St. Kitts & Nevis is one of the most stunning spots in the Caribbean.
St. Kitts and Nevis, has the longest-standing (established in 1984) Citizenship by investment initiative in the world, where investors have the option to make government contribution or a real estate investment.
Benefits of St. Kitts & Nevis Citizenship Program
- Straightforward, simple investment plans
- The ability to hold multiple citizenships
- Global mobility, including visa-free travel to over 150 countries from Singapore and Hong Kong to the European Union and United Kingdom & Russia
- The programme recognises dependent children up to 30 years old, and dependent parents from 55 years old
- Inclusion of the brother or the sister of either the main applicant or of the spouse, if unmarried, childless, 30 years of age or younger, and financially dependent on the main applicant
- Inclusion of dependent grandparents of the main applicant or of the spouse if aged 65 or above
- Minimal taxation- no wealth, gift, inheritance, foreign income or capital gains tax, and no personal income tax for residents
- The application process is confidential
- There is no requirement to visit St. Kitts & Nevis in order to qualify for citizenship
- One of the most affordable legal programmes available to the global community
Investment Criteria's
The Sustainable Growth Fund (SGF) has been established by the St. Kitts and Nevis Governemnt to support economic growth. It supports the funding of school construction and education related initiatives, also to mitigate the effects of climate change on the island, and the building of infrastructure along with many other efforts and initiatives.
| Single applicant | USD 150,000 |
| Main applicant and spouse | USD 175,000 |
| Additional contribution for each dependent | USD 10,000 |
| Additional contribution for each sibling | USD 20,000 |
Tourism is a fuel for the country’s economy. In a move to increase tourism-related development, the Citizenship by Investment programme allows for real estate purchase in approved developments. To qualify, the investor (or investors) must enter into:
- A contract to purchase real estate worth US$ 400,000 or more. Real estate holding period would be 5 years.
- A joint investment with another main applicant, to be held for a minimum of 7 years: USD 200,000
Additionally, following government fees shall apply.
| Main applicant | USD 35,000 |
| Spouse | USD 20,000 |
| Sibling | USD 40,000 |
| Per additional dependant | USD 10,000 |
The Alternative Investment Option (AIO) is the third and newest form of investment under the St Kitts and Nevis Citizenship by Investment Programme. It was launched in late 2021, the aim of the AIO is to channel foreign investment from the citizenship programme into qualifying infrastructure and social projects.
Projects approved under the AIO are essentially co-investment projects between government, local business-people and foreign investors. The Government’s aim is to ensure that AIO approved projects will not only maximize local employment and bring new funds into the country’s economy, but also result in transfer of technology and capacity building.
Those participating in AIO projects can be proud that their investments are directly supporting concrete, sustainable and vetted projects that make a real difference to the people of St Kitts and Nevis. They are building long term infrastructure, and improving resilience of the island’s economies.
Additionally, this option is arguably the most flexible of the three, allowing sophisticated investors to find creative solutions to development goals.
The two categories of AIO:
a) Public good project developer (PGPD)
These projects are fully funded by the PGPD and locked in “up front”. The State owns the asset at the end of an agreement.
Minimum investment: USD 175,000/Unit
b) Private enterprise developer (PED)
The built or funded asset is privately owned.
Minimum investment: USD 175,000/Unit
Required Documents for Application
- Birth certificate of all applicants
- Colour copies of all passports held duly certified
- Marriage Certificate
- Clear criminal records
- A bank financial statement with proof of a legal source of income
- Medical examination (health certificate that it is free of diseases)
- CV and recommendation letters
- Diploma, Education Confirmation (for children over 18) from tertiary level institutions
Application Process
- File preparation, advisory and due diligence fees are applicable at this step.
- Citizenship file submission.
- Government ‘s Citizenship-by-Investment Unit issues “Approved in Principle” letter.
- Investment made in selected option. Payment of government fees.
- Naturalization certificate is issued.
- Submission of passport application. Passport issuance.
Timeframe
The timeframe for the completion of the process is approximately 4 to 6 months from submission of the application to issuance of the passport, assuming there are no areas of concern with the application.
The following basic fees apply to all investment options and shall be quoted at the time of application:
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Due Diligence Fees
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Application Processing Fee
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Bank due diligence fees
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Certification of Registration Fees
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Passport Fees
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Professional Fees
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