The Citizenship-by-Investment program was established in 1984 under the regulation of the 1984 Citizenship Act, Section 3 (5), making it the longest established Citizenship-by-Investment program. Residency in Saint Kitts & Nevis (SKN) is not required for citizenship, and currently the process takes 6 to 10 months.
Investors of good character and repute can opt to make a contribution to the development of SKN and in return they are given the opportunity to apply for SKN citizenship and passport.
The applicant, his or her spouse and dependent children up to 25 years old, with some conditions, are all included in the application. In some special circumstances, a parent can be included in an applicant's application.
Applicants can qualify for SKN citizenship under its Citizenship-by-Investment program by two options. In the first option, the applicant must invest US $400,000 in a government approved real estate project and pay US $50,000 to the Government of SKN. The investment must be maintained for a minimum of 5 years. In the second option, the applicant must contribute to the Sugar Industry Diversifcation Foundation (SIDF). For example a single applicant must contribute US $250,000. Under both options, the applicant and each dependent above the age of 16 must undergo a due diligence investigation and a simple medical examination.
Holders of SKN passport can travel visa-free or visa-on-arrival to over 130 countries all over the world. Visa-free destinations include United Kingdom, Hong Kong, South Korea, Singapore, Schengen area and all of the Caribbean countries (including Dutch and French West Indies).
Holding SKN citizenship also gives expansion on your business opportunities without being taxed on worldwide income. Once you obtain citizenship, you will have it for life. The passports are valid for 5 years, and can easily be renewed in SKN.
As of August 2013, citizens of Afghanistan and Iran can no longer apply in this program. Applicants and their dependents who have in the past been denied a visa to countries which SKN has visa free access may not apply to this program, unless they obtain a visa beforehand.
Dual citizenship is allowed and individuals who will not become resident for tax purposes in SKN are not subject to any personal income tax.
For more information please visit the government website: http://www.ciu.gov.kn
Sugar Industry Diversification Foundation (SIDF) contributionThe following contribution requirements must be met:
- US$250,000: Single applicant;
- US$300,000: Family with up to 3 dependents (spouse + 2 children under 18 years);
- US$350,000: Family with up to 5 dependents (spouse + 4 children under 18 years);
- US$450,000: Family with up to 7 dependents (spouse + 6 children under 18 years);
- US$50,000: Additional per person above 7 dependents;
- US$75,000: Dependents over 18 years old;
- US$4,000: Due diligence for each dependent over 16 years.
Real estate investmentThe property purchase must equal a minimum of US$400,000 invested in government-approved shares in a real estate development. The investment must be maintained for a minimum of 5 years; investors may also be required to pay additional taxes and fees.
Here are lots of opportunities and benefits of getting citizenship and St Kitts Passport. This is not only beneficial for residential purposes, but also for business purposes. It is because of this reason that the numbers of people applying for SKN citizenship has increased. Since the rules and laws are flexible, it is not difficult for many to get the citizenship. Individuals applying for passport here only need to fulfill certain conditions. Once they are proved free from criminal records, and they have valid reasons to settle down in the country, acquiring citizenship is not a big deal. Following this, they can even hold dual citizenship. We are expert consultants that help in processing the applications for St Kitts Passport. Therefore, if you are interested, you can also come to us to avail our services. We will guide you through the entire process thoroughly to ensure that you get the passport at the earliest.
Reasons to choose ST. KITTS & NEVIS?
- Fast processing within four months;
- Inclusion of dependent children under 25 years, and dependent parents or grandparents over 65 years;
- No physical residency requirements;
- No requirement to travel to St. Kitts & Nevis during the application process;
- No interview, education or management experience required;
- Visa-free travel to more than 120 countries including the Schengen Zone, Canada, UK, Hong Kong, Singapore, and others;
- No tax on worldwide income;
- St. Kitts & Nevis recognizes dual citizenship, so you can still benefit from your current citizenship.
LIST OF VISA FREE COUNTRIES FOR ST. KITTS & NEVIS PASSPORT HOLDERS
AFRICA: Botswana, Gambia, Lesotho, Malawi,Mauritius, Tunisia, Zambia, Zimbabwe
AMERICAS: Anguilla, Antigua & Barbuda, Argentina, Bahamas, Barbados, Belize, , Canada, Colombia, Costa Rica, Cuba, Chile, Dominica, Dominican Republic, Ecuador, El Salvador, Grenada, Guatemala, Haiti, Honduras, Jamaica, Nicaragua, Panama, Peru, St Lucia, St Vincent and the Grenadines, Suriname, Trinidad & Tobago, Venezuela
ASIA: Armenia, Bangladesh, Hong Kong, Israel, Malaysia, Philippines, Singapore, South Korea,
EUROPE: Albania, Andorra,Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary , Iceland, Ireland,Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Macedonia, Monaco,Netherlands, Norway, Poland, Portugal, Romania, San Marino, Slovakia, Slovenia, Spain, Sweden, Switzerland, Turkey, United Kingdom, Vatican City
OCEANIA: Micronesia, Fiji, Kiribati, Vanuatu,
VISA ON ARRIVAL
Laos, Lebanon, Madagascar, Maldives, Mali, Mauritania, Mozambique, Nauru, Nepal, Palau, Somalia, Tanzania, Timor Leste, Togo, Tonga, Tuvalu, Ugandam Bolivia, Burundi, Cambodia, Cape Verde, Comoros, Djibouti,Egypt,Guinea-Bissau, Iran, Jordan
• Please note that this list is subject to change and so kindly confirm the information before planning any trip.