St Kitts and Nevis:
St Kitts and Nevis offers one of the most established citizenship-by-investment programs giving direct economic citizenship and global travel access in exchange for an economic contribution.
There is no residence period and the investor applies directly for citizenship and the passport. The St Kitts citizenship-by-investment program is very attractive as there is no requirement for any minimum physical stay or visits throughout the program.
The aim of the citizenship-by-investment (CBI) program is to generate foreign investment through capital and real estate investments and in exchange offer investors citizenship and a passport.
A St Kitts citizenship offers investors visa free travel to a wide range of countries, including the UK, Hong Kong as well as the Schengen zone countries.
Applicants and their families are granted full citizenship in exchange for either making an economic contribution to the country or investing in an approved real estate project, as set out by the Government.
The St Kitts & Nevis CBI program is one of the oldest of its kind and has seen significant numbers of investors and families become part of the nation since its inception in 1984.
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Visa free travel to 133 countries including the UK and Schengen Countries.
Citizenship and passport in 6 - 8 months.
No residence period.
Beautiful properties in 5 star resorts to choose from.
Freedom to sell property after 5 years.
St Kitts and Nevis is a tax friendly jurisdiction.
Drive on the left
CARICOM (Caribbean Community), Commonwealth country(since 1983), Organisation of Eastern Caribbean States’, WTO, UN, African, Caribbean and Pacific Group of States, Association of Caribbean States, Organisation of Eastern Caribbean States, Organization of American States
Eastern Caribbean Dollar (EC$) – linked To USD
59 191 (2013 est.)
The St Kitts and Nevis citizenship program requires the investor to make an economic contribution to the country as well as meet certain other requirements.
Investors (and their families) who wish to apply for citizenship by investment must meet one of the following two investment requirements:
1. Purchase of real estate with a minimum value of USD 400 000 in an approved real estate development
Evidence of ownership needs to be provided of a property purchased for a minimum of USD 400 000.
If the applicant opts for the real estate option, they may not sell the property within a 5 year period. After the 5 year period they are free to either keep or sell the property.
2. Donation to the SIDF - Sugar Industry Diversification Fund, a public charity:
The required donation will depend on the size of the family:
USD 250 0000 for a single applicant
USD 300 000 for main applicant, spouse and two children <18
USD 50 000 for additional children <18
REQUIREMENTS FOR Citizenship
To qualify for citizenship, applicants must meet the following requirements:
- The main applicant is required to be over the age of 18 years’ old.
- The applicant will undergo strict due diligence and must not have a criminal record.
- Be in excellent health and have a high personal net worth.
St Kitts and Nevis allows dual citizenship. The legal framework of the economic citizenship program allows for the investor and his/her family to obtain citizenship provided they follow the specified requirements. There is no residence period, the investor acquires citizenship and his/her passport directly. The application process takes 6 - 8 months.
TRAVEL AND BENEFITS
A St Kitts passport allows the holder to travel to around 133 and spend a maximum of 90 out of every 180 days in any of the Schengen zone countries.
Some of the popular countries that the passport allows the holder visa free travel to include: UK, Schengen zone and many of the Commonwealth countries.
St Kitts and Nevis allows dependent children under the age of 25 to be included in the application, provided they are unmarried.
Dependent parents over the age of 65 can also be included.
The Caribbean is a tax friendly jurisdiction and there is no inheritance or capital gains tax. Persons who are present for more than 183 days a year will be viewed as residents of St Kitts and Nevis and will therefore be subject to tax.
We highly encourage clients to meet with a professional tax consultant.
In addition, the Government charges the following fees:
USD 50 000 - Government Fee – main applicant
USD 25 000 - Government Fee – spouse
USD 25 000 - Government Fee – dependent <18
USD 50 000 - Government Fee – dependent >18 <25
Government Due Diligence Fees
USD 7 500 - Main Applicant / spouse
USD 4 000 - Unmarried dependents (age >16)
In addition, professional fees will also be due. This will depend on the size of family and number of applicants.
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PROCESS AND TIMELINES
The St Kitts and Nevis citizenship-by-investment program adheres to very strict regulations and guidelines. The Citizenship-by-Investment Unit (CIU) is the government authority responsible for the administration of the citizenship program as well as processing all applications.
Before the submission of an application to the Government of St Kitts and Nevis, strict and comprehensive due diligence will be done and a medical certificate is also required to confirm that the family is in good health and not suffering from any serious or contagious illnesses. The CIU will examine the applications closely and may sometimes request an interview with the applicant, although this occurs rarely.
Once all steps and requirements have been achieved and the application is approved, the applicants can collect their passports.
St Kitts and Nevis - Country Info
The Federation of Saint Christopher (or St Kitts as it is commonly referred to) & Nevis is located in the Leeward Islands and is a federal two island country in the West Indies. The islands are located between the Atlantic Ocean and the Caribbean Sea and form the smallest sovereign state in the Americas.
St Kitts and Nevis were amongst the first islands to be settled by the Europeans and St Kitts was home to both French and English colonies in the Caribbean. St Kitts and Nevis achieved independence in 1983.