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St Kitts and Nevis

About St Kitts and Nevis

CapitalBasseterre
Total Area261 km²
Population54,821
LanguagesEnglish
CurrencyEast Caribbean Dollars (XCD

The beautiful, verdant two-island state of St Kitts and Nevis is located in the eastern Caribbean, to the west of Antigua and the south of Anguilla. Formerly a British colony, St Kitts and Nevis gained its independence in 1983 but has chosen to maintain links with its colonial past by keeping Queen Elizabeth II as head of state. The islands cover 261 sq. km, and the population of just over 54,000 enjoys a high standard of living in a federal parliamentary democracy. 

The St. Kitts and Nevis Citizenship-by-Investment Program was originally established in 1984. The legal basis regarding citizenship-by-investment is contained in Part II, § 3 (5) of the Citizenship Act, 1984 and the Saint Christopher and Nevis Citizenship-by-Investment Regulations, 2011.

Eligibility Criteria 

The Main Applicant must be: 

  • Be over the age of eighteen (18) 
  • Be of outstanding character and hold no criminal record (applicable also to the Main Applicant’s dependents who are included in the application) 
  • Be in excellent health 
  • Have a high personal net worth

Dependents 

The dependents which can be included in the application are: 

  • Main Applicant’s Spouse 
  • Main Applicant’s dependent children under the age of 30 
  • Dependent parents or grandparents over the age of 55

Process and Timeframe 

The application process shall be constituted of the following six (6) main steps, to be taken one after each other: 

  1. The initial due diligence shall be completed, and the Client Agreement shall be signed. 
  2. The documentation required for submission shall be prepared. 
  3. Once it is ensured that all documents are in order, the citizenship application shall be submitted. 
  4. St. Kitts and Nevis’s Citizenship by Investment Unit (CIU) shall complete required due diligence and issue letter of approval in principle. 
  5. The chosen investment shall be engaged along with the settling of Government fees. 
  6. Naturalization Certificate is issued and passports are granted soon after. 

Investment Required 

Citizenship by Investment in St. Kitts and Nevis is available through two investment options: 

  • Non-refundable donation of at least one hundred and fifty thousand United States dollars (USD 150,000) to the Government Fund – The donation amount may vary based on the number of dependents included in the main applicant’s application. Notably, the same amount of USD 150,000 is currently payable for a family of 4 – family couple with 2 children (offer is temporary and valid until 31st December 2020). For larger families of 5 and more, ten thousand United States Dollars (USD 10,000) must be added for each additional dependent. 
  • Investment in real estate: In the case of a single applicant (with family under the citizenship application included), s/he must invest at least four hundred thousand United States Dollars (USD 400,000) and hold the property for at least 5 years. In the case of a joint investment with another main applicant in a single piece of real estate, it is enough if each applicant to invest two hundred thousand United States Dollars (USD 200,000), but the property must be held for at least 7 years. 

Benefits 

  • No requirement to reside in the country or even visit it. 
  • Passport for the whole family. 
  • The beneficiaries of this citizenship by investment program shall be granted visa-free access to 142 countries including Schengen states, United Kingdom (UK) and Singapore. Holders of St Kitts and Nevis passport can get long-term visas to the United States (US) and Canada. 
  • No income tax, inheritance or gift taxes, and no dividends or capital gains tax. While property taxes exist, they are very low too.

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