ST. KITTS & NEVIS CITIZENSHIP BY INVESTMENT.
St. Kitts and Nevis is a two-island nation consisting of tropical temperatures, beautiful clear beaches, and an economy booming mainly because of trade and tourism.
The country recognizes dual citizenship and tax-free worldwide income. The Citizenship by Investment Program by St. Kitts & Nevis is one of the longest-established programs of its kind, and it offers its applicants the following benefits:
- Processing time is around 4-6 months,
- Accelerated Application Process processed within 60 days.
- You can include dependent children under 30, and dependent parents or grandparents over 55.
- No need for you to be physically present in the country., and no need to travel to the country during the application process.
- The passport allows Visa-free travel to over 150 countries, including Schengen member states, the U.K., Hong Kong, Singapore and more.
The St. Kitts & Nevis Citizenship by Investment Program is the oldest citizenship by investment program in the world, established in 1984 under the regulations of the 1984 Citizenship Act, Part II, Section 3 (5).
Through this program you can become a citizen by investing in the most sought after options given below:
- Sustainable Island State Contribution (SISC)
- Developer Real Estate Investment
SUSTAINABLE ISLAND STATE CONTRIBUTION (SISC)
The 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. All contributions are payable to the Federal Consolidated Fund.
The minimum SISC required by law is as follows:
- Main applicant or family with up to four persons: US $250,000
- Each additional dependant under 18: US $25,000
- Each additional dependant aged 18 or over: US $50,000
Moreover, upon submission of application, the non-refundable due diligence and processing fees to be paid are US$ 10,000 for the main applicant, US$7,500 for dependent over the age of 16.
REAL ESTATE INVESTMENT
The minimum real estate investment in an Approved Development is US$325,000 (re-saleable after seven years) to be paid to the developer for each main applicant.
Moreover, upon submission of application, the non-refundable due diligence and processing fees to be paid are US$ 10,000 for the main applicant, US$7,500 for dependent over the age of 16.
When an application made through a real estate investment is approved, Government fee applies:
- Main applicant: US$ 25,000
- Spouse of the main applicant: US$ 15,000
- Any other qualified dependent of the main applicant under 18 years: US$ 10,000
- Any qualified dependent aged 18 and over: US$ 15,000
- In addition, there are other purchase costs such as compulsory insurance fund contribution, and conveyance fees)
- The spouse of the main applicant;
- Children aged under 18;
- Children aged between 18 and 25 who are in full-time attendance at a recognized 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 55 or over, living with and fully supported by the main applicant.
A person applying as a main applicant under the St. Kitts and Nevis Citizenship by Investment Programme must:
- Be at least 18 years of age;
- Have made, or have agreed to make, a legally prescribed investment or contribution pursuant to the CBI Options in the Regulations; and
- Meet all CBI application requirements.