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:
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 citizens by investing in either of the two options given below:
Under this fund:
A single applicant has to pay a non refundable contribution of US$ 150,000
For main applicants with up to three dependents, a non-refundable contribution of US$ 195,000 is required.
For each additional dependent, regardless of age, the contribution is US$ 10,000.
Moreover, upon submission of application, the non-refundable due diligence and processing fees to be paid are US$7,500 for the main applicant, and US$4,000 for dependent over the age of 16.
Under the Real Estate Investments options, you can buy government approved property (hotel shares, villas, and condominium units) under the five-year or the seven-year period.
The investment must be maintained for a minimum of five years. The government approved property under this is valued at a minimum of US$400,000. You are required to pay additional applicable fees and taxes as well.
The investment must be maintained for a minimum of seven years. You can make an investment of US$ 200,000 in a government approved property luxury resort. You are required to pay additional applicable fees and taxes as well.
Moreover, upon submission of application, the non-refundable due diligence and processing fees to be paid are US$7,500 for the main applicant, US$4,000 for dependent over the age of 16.
When an application made through a real estate investment is approved, Government fee applies:
Main applicant: US$ 35,050
Spouse of the main applicant: US$ 20,050
Any other qualified dependent of the main applicant regardless of age: US$ 10,050
In addition, there are other purchase costs such as compulsory insurance fund contribution, and conveyance fees)
This AAP is approved by the Government of St. Kitts and Nevis, and allows applications with the Citizenship by Investment Program to be processed within 60 days. As a bonus this process includes the application and processing of the St. Kitts and Nevis passport. Some applications are completed as early as 45 days.
Under this accelerated program the Main Applicant has to pay US$ 25,000 processing fees, and for each dependent over 16 years of age the processing fees is US$ 20,000.
In addition to the fees mentioned above, an additional fee of US$500 per person is applicable for the processing of passport for any dependents under the age of 16 years.
The applicants from Republic of Iran, Republic of Yemen, and Federal Republic of Nigeria are not eligible for AAP because of the extended turn-around time of third party due diligence.
St. Kitts and Nevis allow dependents to be submitted as part of the application. Permitted dependents are the spouse of the main applicant, a child under 18 years of age of the main applicant or his/ her spouse. Also the child of the main applicant between the age of 18 and 30 years who is in full time attendance at a recognized institution of higher learning after his/her 18th birthday, and/or fully supported by the main applicant. Parents and grandparents of the main applicant of his/her spouse provided they are above the age of 55, living with and fully supported by the main applicant. Also a child of the main applicant of his/her spouse who is above 18 years of age and is physically or mentally challenged is considered as permitted dependent.
To qualify for St. Kitts & Nevis Citizenship, you must have an excellent character, no criminal record, good health, and high net worth.