Siotoh Global Mobility

St Kitts and Nevis Citizenship by Investment

Citizenship by investment programs enable people to become citizens of a country of interest by contributing a considerable amount of money to the country’s economy, mostly through donations or acquisition to improve upon the state of the nation’s economy in the education, health sector as well as other social development pathways. 

The St Kitts and Nevis citizenship by investment program was launched in 1984 with the main aim of attracting foreign investors to boost the economy of the country. As the smallest sovereign state located in the southwest of Miami, Florida, United States of America, it is a part of the Organization of Eastern Caribbean States (OECS). These countries share similarity in currency and as such, this makes trading easy for residents in this region. For people looking for alternative citizenship, the St Kitts and Nevis citizenship by investment comes in handy and it is notable for grabbing the attention of international investors as well as investment opportunities into the country. 

St Kitts and Nevis

THE ECONOMY OF ST KITTS AND NEVIS

The economy of St Kitts and Nevis primarily majors on tourism as it plays a vital role in the state of the economy. It boasts of lots of outdoor activities, historical sites and beautiful beaches, attracting around 200,000 tourists yearly on an average. Agriculture and light manufacturing are also key players in the economy of the country as it produces sugarcane, fruits, cotton and vegetables for the locals as well as for exportation. Light manufacturing on the other hand contributes to the country’s revenue as it is also involved in electronics assembly. Being a less tax intensive country, the economy of St Kitts and Nevis is relatively stable.

The Vanuatu citizenship by investment program contributes also to the nation’s Gross Domestic Product (GDP) revenue as it creates avenues for foreign investors to tap into the wealth of the country, in exchange for citizenship gains. Through the diverse means of generating revenue, growth and development are fostered.

BENEFITS OF THE ST KITTS AND NEVIS CITIZENSHIP BY INVESTMENT PROGRAM

  • You do not get to become a citizen of a country without benefits, if not, what would the use be? St Kitts and Nevis citizenship by investment has several perks  These perks are accessible by all citizens regardless of your chosen pathway. Getting a St Kitts and Nevis citizenship by investment means you get to enjoy:

    • Access to more than 150 countries including the United Kingdom, Hong Kong, Singapore and many other desirable destinations visa free or visa-on-arrival thereby increasing global mobility.
    • A favourable tax regime allowing citizens to become immune to income, gift, wealth, inheritance and capital gains taxes. 
    • Including children and grand-parents as dependants in your application.
    • The opportunity of being a dual citizen – that is, while still being a citizen in your previous country, you get to still be a citizen of St Kitts and Nevis.
    • The country boasts of being politically and economically stable, so, chances of witnessing a drastic economic downturn are slim.
    • Quick processing time which is usually within four months after application.
    • No necessary residency requirement as regardless of where you are, once your application has been approved, you are still a citizen of the country.

REQUIREMENTS FOR THE ST KITTS AND NEVIS CITIZENSHIP BY INVESTMENT

To become a citizen of St Kitts and Nevis using the investment pathway, there are several investment choices you must choose from. To qualify for St Kitts and Nevis citizenship, the main applicant must not be less than 18 years and must be able to choose from any of these options .

  • The most popular pathway is the Sustainable Island State Contribution (SISC) which demands a minimum non-refundable contribution of $250,000 in the case of a single applicant, and $300,000 if the applicant has a spouse or a single dependent. For a family of four, applicants must make a minimum donation of $350,000. A single application attracts a compulsory due diligence fee of $10,000 and $7,500 for dependents age 16 and above. 
  • The real estate investment option allows applicants to invest a minimum non-refundable investment of $400,000 in an approved condominium or purchase a private home property worth $800,000. A compulsory real estate donation fee of $25,000 for a single applicant, $15,000 for applicant with spouse and $10,000 for anyone below 18 years of age is applicable to this course. Additionally, applicants are required to hold real estate for a minimum of 7 years and can only resell after this period. 
  • The approved public benefit project option demands that an applicant makes a non-refundable donation of at least $250,000 to a public benefit unit in order to qualify for citizenship by investment using this pathway.

REQUIRED DOCUMENTS FOR ST KITTS AND NEVIS CITIZENSHIP BY INVESTMENT

St Kitts and Nevis

Becoming a citizen of St Kitts and Nevis requires possession of a few documents by the applicant. These documents are:

  • Must be 18 years or older
  • Six original passport photos of the main applicant
  • Copy of current national passport
  • Valid divorce document, if applicable
  • A valid marriage certificate in the case of a spouse as dependant.
  • Original copies of the main applicant’s bank statements, business ownership documents, property sale documents, etc as any of these will serve as proof of source of funds.
  • Police clearance certificate
  • Birth certificates of main applicant and dependents.
  • Proof of investment made in either the Sustainable Growth Fund (SGF) or the purchase of approved real estate.
  • A valid bank reference letter not older than six (6) months issued by a recognised international bank.

Nationalities restricted from applying for the St. Kitts and Nevis Citizenship by investment

While the St Kitts and Nevis citizenship by investment promotes and encourages inclusion as it is open to almost every country, there are a few countries that have been restricted from applying for the program due to security concerns. They are: 

  • Iran
  • Afghanistan
  • North Korea
  • Iraq

You can get in touch with our qualified advisors for more information on how we can support you throughout your citizenship program application.

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