About Saint Kitts and Nevis

Saint Kitts and Nevis, officially known as the “Federation of Saint Christopher and Nevis”, is a state consisting of two twin islands in the Caribbean.

The pleasant tropical climate of St. Kitts and Nevis, turquoise waters and white sand beaches make the two islands a trendy tourist destination and truly an earthly paradise. The country is also one of the most environmentally friendly places on earth, Nevis is going to launch geothermal energy sources in the coming years.

Originally under British rule, Saint Kitts and Nevis gained independence in 1983. Until now, he is closely associated with the UK, as a member of the Commonwealth of Nations. The Federation is also a member of the United Nations (UN), the Commonwealth of the Caribbean (CARICOM), the Organization of Eastern Caribbean States (OECS) and the Organization of American States (OAS).

Saint Kitts and Nevis is a combination of relaxing and active pastime. It has many golf courses and spas, but it also provides one of the world’s friendliest business climates for entrepreneurs looking to set up companies or engage in other commercial activities.

Location

The islands of Saint Kitts and Nevis are located between the Caribbean Sea and the Atlantic Ocean. The Federation can be reached by direct flight from the United States, Canada, United Kingdom, by choosing one of the international airlines flying to the island on a daily basis.

Citizenship by Investment

The St Kitts and Nevis Citizenship by Investment Programme stands as the oldest and one of the most trusted programmes of its kind. Since 1984, it has allowed investors and their families to legally obtain citizenship of one of the Caribbean’s most idyllic locations.

The program is managed by the Department of Citizenship by Investment, which, with 30 years of management experience and an updated system of transparency in the processing of applications, sets a positive example for all other countries with similar programs.

Under the Program, business people and their families can invest in this peaceful country in exchange for full citizenship.

General Requirements

Applicants for the St Kitts and Nevis Citizenship by Investment Programme must fulfil the following conditions:

  • Be at least 18 years old
  • Be of good character
  • Have no criminal record
  • Pass a detailed background check
  • Be able to provide proof of source of funds
  • Be healthy

Benefits of St Kitts and Nevis Citizenship

Successful applicants under the St Kitts and Nevis Programme are registered as citizens of the nation and may apply for a St Kitts and Nevis passport*.

*Note:While the Citizenship by Investment Unit and the Passport Office work in unison, obtaining citizenship and applying for a passport are two distinct processes.

They have access to a huge range of benefits including:

  • A fair tax regime, with no worldwide income, inheritance or gift tax for tax residents
  • Citizenship for life, with the right to live and work in the country
  • The ability to share citizenship with future generations
  • Global mobility

Investment Options

There are four ways in which an applicant can apply for citizenship under the St Kitts and Nevis Citizenship by Investment Programme:

  • 1. By donating to the country’s Sustainable Growth Fund
  • 2. By investing in pre-approved real estate
  • 3. By purchasing a private home
  • 4. By choosing the ‘public good option’

THE SUSTAINABLE GROWTH FUND (LIMITED TIME OFFER)

The Sustainable Growth Fund (SGF) was established with a view to facilitating economic development and social upliftment in St Kitts and Nevis. The fund is also used to provide financial support to educational institutions and medical facilities in the nation, as well as to provide additional funding for the construction of infrastructure, the development of local tourism, the preservation of local culture and heritage and the support of sustainable growth initiatives in the country.

To further enhance the attractiveness of the CBI Programme, the CIU has decided to make a Limited Time Offer (LTO) for a period of 6 months from 1 January to 30 June 2023.

Applications submitted under the LTO will benefit from the reduction of the minimum amount of contribution payable by applicants and will qualify for the Accelerated Application Process (AAP) with a shortening of the processing timeframe from 90 days to 60 days, at no additional cost.

  • Main applicant: US$ 125,000
  • Main applicant and spouse: US$ 150,000
  • Main applicant, spouse and two dependants: US$ 170,000
  • Each additional dependant under 18: US$ 10,000
  • Each additional dependant over 18: US$ 25,000

THE SUSTAINABLE GROWTH FUND (SGF)

From 1 July 2023 onwards, the minimum SGF contribution will be adjusted as follows:

  • Main applicant: US$ 150,000
  • Main applicant and spouse: US$ 175,000
  • Main applicant, spouse and two dependants: US$ 195,000
  • Each additional dependant under 18: US$ 10,000
  • Each additional dependant 18 or over: US$ 25,000

PRE-APPROVED REAL ESTATE

From January 2023 onwards, only Approved Developments will be eligible for the Real Estate Investment Option under the new CBI regime.

The minimum real estate investment required by law is US$ 200,000 (resellable after 7 years).

Upon submission of an application, non-refundable due diligence fees must also be paid. In addition to these fees, real estate buyers should be aware of purchase costs (mainly compulsory insurance fund contributions and conveyance fees).

Additionally, the following government fees apply:

  • Main applicant: US$ 35,000
  • Spouse: US$ 20,000
  • Sibling: US$ 40,000
  • Any additional family member: US$ 40,000

PRIVATE HOME SALE OPTION

The Private Home Sale Investment Option will be retained as a permanent investment option under the CBI Programme, where the minimum investment per application is US$ 400,000 in a private single-family dwelling house designated as an Approved Private Home.

Two or more main applicants may apply for citizenship by investment together by purchasing one piece of real estate, provided each main applicant contributes the minimum investment of US$ 400,000.

The full purchase price will be placed in an irrevocable escrow account.

Owners of any properties previously designated as Approved Private Homes will have a 45 day window to re-apply to keep their status as an Approved Private Home upon the coming into effect of the new CBI Regulations. Owners of such properties are required to apply to the Board of Governors of the CIU to have their properties re-designated as Approved Private Home again.

An Approved Private Home is subject to the following restrictions:
1. It cannot be resold within seven years;
2. It cannot be resold to any other CBI applicant; and
3. It cannot be converted into apartments or condominiums.

Additionally, the following government fees apply:

  • Main applicant: US$ 35,000
  • Spouse: US$ 20,000
  • Sibling: US$ 20,000
  • Any additional family member: US$ 10,000

PUBLIC GOOD INVESTMENT OPTION

From January 2023 onwards, the Alternative Investment Option (AIO) under the current CBI Programme is to be replaced by the newly introduced Public Good Investment Option (PGIO) where the minimum investment per application is US$ 175,000 in an Approved Public Good Investment, payable to an Approved Public Good Investor.

Only Approved Public Good Investments qualify for the PGIO. All developments previously designated as AIO Developments will lose such designation within 45 days of the coming into effect of the new CBI Regulations.

Investors of such developments are required to apply to the Board of Governors of the CIU to be designated as Approved Public Good Investors, whereby they can apply to have their investments designated as Approved Public Good Investments.

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