St Kitts and Nevis

Summary

About St Kitts and Nevis

About St Kitts and Nevis

St Kitts and Nevis, officially known as the “Federation of Saint Christopher and Nevis”, is a state consisting of 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, as Nevis is going to launch geothermal energy sources in the coming years.

Originally under British rule, St Kitts and Nevis gained independence in 1984. Until now, the country remains 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 Organisation of Eastern Caribbean States (OECS) and the Organization of American States (OAS).

St Kitts and Nevis has a combination of relaxing and active pastimes. 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.

The islands of St 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, and the United Kingdom, by choosing one of the international airlines flying to the island daily

Citizenship by Investment

The St Kitts and Nevis Citizenship by Substantial 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 programme is managed by the Citizenship by Investment Unit (CIU) which, with many 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 programmes.

Under the Programme, businesspeople 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 Substantial Investment Programme must fulfil the following conditions:

  • Be at least 18 years old
  • Be of good character
  • Have no criminal record
  • Have not been denied citizenship of any country or have been denied a visa to any country to which citizens of St Kitts and Nevis have visa-free travel and has not subsequently obtained a visa to the country that issued the denial
  • Pass a detailed background check
  • Be able to provide proof of source of funds
  • Be healthy

All main applicants are required to attend a mandatory interview either virtually, in St Kitts and Nevis or in person at another location specified by the Citizenship by Investment Unit and approved by the Board of Governors. Dependants aged 16 years of age may at the discretion of the CIU be required to attend an interview.

Once an application is vetted, within 120-180 days of acknowledgment from the Citizenship by Investment Unit (CIU) of submission of a CBI application, the CIU will issue a letter advising whether an application is:

  • Approved-in-principle;
  • Denied; or
  • Delayed for cause and is still being processed.

Eligible Dependants:

A main applicant may include the following family members as dependants in their application:

  • The spouse of the main applicant;
  • Children aged under 18;
  • Children aged between 18 and 25 who are in full-time attendance at a recognised secondary or tertiary level institution of learning and fully supported by the main applicant;
  • Children aged 18 or over who are physically or mentally challenged; and
  • Parents of the main applicant or the spouse of the main applicant aged 65 or over, living with and fully supported by the main applicant.
  • Benefits of St Kitts and Nevis Citizenship

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

There are four CBI options an applicant can choose from to apply for citizenship under the St Kitts and Nevis Citizenship by Substantial Investment Programme:

  • By making a Sustainable Island State Contribution (SISC) to the Federal Consolidated Fund;
  • By making a real estate investment in an Approved Development;
  • By purchasing Private Real Estate, or
  • By contributing to an Approved Public Benefit Project

SUSTAINABLE ISLAND STATE CONTRIBUTION

The Sustainable Island State Contribution (SISC) provides discerning investors the option to contribute to their new nation. It’s a sustainable and secure solution for intelligent investors who want to make a smart move.

The SISC is used to support the economic and social development of St Kitts and Nevis following seven pillars of prioritisation:

  • Increasing local food production<
  • Transitioning to Green Energy
  • Diversifying the economy
  • Attracting and supporting sustainable industries
  • Evolving the Creative Economy
  • Recovering from the impacts of the Covid-19 pandemic
  • Expanding social protections and safety nets to protect the most vulnerable

The minimum SISC required by law are as follows:

  • Main applicant only: US$250,000
  • Main applicant and up to three dependants: US$250,000
  • Each additional dependant under 18: US$25,000
  • Each additional dependant aged 18 or over: US$50,000

DEVELOPER’S REAL ESTATE INVESTMENT OPTION

The minimum real estate investment required by law is US$ 400,000 (resaleable after a 7- year minimum holding period).

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).

PRIVATE REAL ESTATE SALE INVESTMENT OPTION

Applicants may apply for citizenship through the purchase of Approved Private Real Estate.

The minimum investment in a condominium unit or share in a real estate development designated as Approved Private Real Estate is US$400,000 (resaleable after a 7-year minimum holding period).

The minimum investment in a single-family private dwelling home designated as Approved Private Real Estate is US$800,000 (resaleable after a 7-year minimum holding period).

PUBLIC BENEFIT OPTION

Under the Public Benefit Option applicants can obtain citizenship by making a minimum contribution of US$250,000 to an Approved Public Benefit Project, payable to the Unit.

The following fees apply to all four CBI Options:

Due Diligence Fees:

The following due diligence fees apply to all CBI applications:

All main applicants are required to attend a mandatory interview.

Dependants aged 16 years of age and older may at the discretion of the CIU be required to attend an interview.

Main applicant: US$10,000

Each dependant aged 16 or over: US$7,500

Post-approval CBI application fees

On approval-in-principle of an application made through the Developer’s Real Estate, Private Real Estate Sale and Public Benefit Options, the following post-approval application fees apply:

  • Main applicant*: US$ 25,000
  • Spouse: US$ 15,000
  • Each dependant under 18: US$ 10,000
  • Each dependant aged 18 or over: US$ 15,000

* Payment of the main applicant’s post-approval application fee is exempted for the Public Benefit Option.

  • Application Processing Fees – Per applicant: US$250
  • Bank Due Diligence Fees
  • Certificate of Registration Fees
  • Passport Fees
  • AAA-ii Professional Fees

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