- ST. KITTS & NEVIS
- Citizenship by Investment
St. Kitts & Nevis with a size of 261 Km. and with the population of approximately 55 thousand people is the smallest country in western hemisphere. The country with its capital and the largest city Basseterre is located between the Caribbean Sea and the Atlantic Ocean. The official language of St. Kitts & Nevis is English as the country is a part of British Commonwealth realm. St. Kitts & Nevis were one of the first Caribbean countries, which were settled by European population. It was a home for the French and British colonies in the Caribbean.
The citizenship by investment program is the oldest program in St. Kitts & Nevis. The program is operating since 1984. This program was established to attract foreign investors and their families. This long running program is a message of the Government to the potential investors to take part in the economic growth of the country. St. Kitts & Nevis citizenship is an excellent choice for those investors who are willing to have a second passport and enjoy the opportunity to travel visa free in more than 100 countries (Including European Union, Caribbean, Canada, Hong Kong and Switzerland). It has to be mentioned here, that St. Kitts & Nevis passport is very much respected, as it has been relatively few passports issued throughout those years.
The application procedure is very easy, as it does not require investor to visit the country, to have a previous business experience, to have a minimum language requirement. The procedure for obtaining the citizenship is between 6-10 months. The passport is valid for 10 years with the right to renew. One of the biggest benefits of St. Kitts & Nevis citizenship is that there is no wealth, inheritance, gift or income tax payment obligation.
The St. Kitts and Nevis Citizenship Program is the oldest and most reputable citizenship by investment program in the world. Since its inception in 1984, the program has been attracting people from around the world to invest in the country’s economy in exchange for an irrevocable passport and citizenship and operates on the following constitutional, legislative and regulatory foundations:
- Citizenship of Saint Christopher and Nevis is governed by Chapter VIII (Sections 90-95) of the Constitution of Saint Christopher and Nevis.
- In 1984, pursuant to Section 92 (1) (h) of the Constitution, Parliament prescribed those other persons who would be entitled, upon making application, to be registered as citizens. Accordingly, Section 3 (5) of the Saint Christopher and Nevis Citizenship Act, 1984 (No. 1 of 1984) makes the following provisions:
“Subject to subsections (8) and (9) of this section, a person is entitled, upon making application under this subsection to the Minister in the prescribed manner and upon payment of any fee that may be prescribed, to be registered as a citizen of St. Christopher and Nevis without any rights of voting save ST. KITTS AND NEVIS – CITIZENSHIP BY INVESTMENT 2 of 3 under and in accordance with the provisions of any law governing the qualification of voters, if the Cabinet is satisfied that such person has invested substantially in St. Christopher and Nevis.”
- The Government determines, by Cabinet Decisions, which projects and which amounts of investment shall qualify as a “substantial investment” and thus lead to eligibility under the Citizenship-by-Investment Program
Reasons to choose St. Kitts & Nevis?
- The applicant can apply without actually visiting the country
- Lifetime citizenship
- No wealth or income tax
- No restriction on dual citizenship
- Safe country for the investor and for the his/her family
- No mandatory residency in the country
- Visa free to EU Schengen countries, including UK, Ireland and Switzerland
- No need for previous business experience
- No mandatory language tests
- 6-8 months processing time
The cost of citizenship for a family of four is now USD 150,000 from USD 300,000 until March 2018.
Hurricane Relief Fund
Single applicant: a non-refundable contribution of US$150,000 is required Main applicant with up to three dependents (for example, main applicant, a spouse and two children): a non-refundable contribution of US$150,000 is required Additional dependents, regardless of Age: US$25,000
Upon submission of an application, non-refundable due diligence and processing fees must be also paid. These fees amount to US$7,500 for the main applicant, and US$4,000 for each dependent of the main application who is over the age of 16 years.
The HRF option will be available for a six (6) months period ending on March 30th 2018.
Sugar industry Diversification Foundation (SIDF)A. For a single applicant, or a family of 4 or less
Contribution US$300,000 Contribution US$300,000 Contribution US$300,000 Additional dependents (regardless of age) US$25,000
Applicants may qualify for citizenship through an investment in a pre-approved real estate project, which may include hotel shares, villas, and condominium units. The minimum real estate investment required by law is US$400,000 for each main applicant.
Upon submission of an application, non-refundable due diligence and processing fees must also be paid. These fees amount to US$7,500 for the main applicant, and US$4,000 for each dependent of the main applicant who is over the age of 16 years.
On approval in principle of an application made through a real estate investment, a Government fee applies, as follows:
Main applicant: US$50,047 Spouse of the main applicant: US$25,047 Dependent child of the main applicant under 18 years of age: US$25,047 Dependent child of the main applicant above the age of 18 years or dependent parent aged 55 and above: US$50,047
In addition to these fees, real estate buyers should be aware of purchase costs (mainly compulsory insurance fund contributions and conveyance fees).Due Diligence:
Main applicant US$7,500 Spouse US$4,000 Dependents over 16 years of age US$4,000 Passport Application fee per applicant US$1,000 Application forms US$250
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Entry denied: Libya
Located in the continent of the Caribbean, Saint Kitts And Nevis does not share land borders with any countries.
East Caribbean dollar(XCD)
Federal parliamentary constitutional monarchy