St. Kitts and Nevis are a pair of tropical islands in the West Indies. First sighted by Europeans during the 2nd Voyage of Columbus in 1493, it was the first Caribbean Island settled by the British, through during various 17th and 18th century conflicts, control passed to either Spain or France for short periods. Like most other Caribbean Islands, Sugar was the main cash crop. It became an independent member of the British Commonwealth in 1983. Like several other Caribbean countries, St. Kitts & Nevis, have created programs that permit foreigners to acquire citizenship through an investment and/or a donation to the country to contribute to its development
Origin of St Kitts-Nevis Citizenship by Investment Program
The St. Kitts investor citizenship program was initiated in 1984 and mandates that applicants have to make a financial contribution to the economic development of the nation. In return, they & close relatives receive full citizenship.
To qualify for the St Kitts citizenship-through-investment-program, the investor has to place USD 400,000, plus processing fees and taxes, in one of the permissible real-estate projects that are enrolled in the program. There is a second option that consists of donating USD 250,000 to the Sugar Industry Diversification Foundation (SIDF), for each applicant. The donation option is inclusive of government fees.
St Kitts Nevis Citizenship by Investment Requirements and Procedures
To qualify for citizenship through the property option, the government mandates that applicants to choose a property to invest in from an officially approved list that has a value of a minimum if USD 400,000 plus certain government fees and taxes. Because this model requires buying some property, the amount of time it takes to process depends on how long it takes to close the deal.
The property bought to secure approval may not be sold for a minimum of five years after closing. One interesting regulation added in 2012 is that now, the person buying the property from the original applicant can use it for the investor citizenship program provided they meet the other qualifications. . A complete list of properties that qualify under the program is published on the Citizenship-by-Investment Unit of the Government of St. Kitts and Nevis. CCP gets frequent updates on the list of qualifying properties and can advise accordingly to help procure one that is ideal for the applicant’s requirements.
Gaining citizenship under the SIDF option means that a donation must be made. The SIDF option has grown to be a major contributor to the growth of the nation.
The donation needs to be made in a single lump-sum payment. There are several different categories:
- Solitary applicants, who need to send a USD 250,000 donation, that is non-refundable, plus a processing fee of USD 7,500
- Applicants including a family with 3 dependents will have to make a USD 300,000 donation, plus the processing fees
- Applicants including a family with 5 dependents must pay USD 350,000, plus the processing fees
- Applicants including a family with 7 dependents need to pay USD 450,000, plus the processing fees
- Applicants with families having additional dependents must donate an additional USD 50,000 per extra dependent, plus processing fees of USD 4,000 for each dependent more than 16 years old.
The paperwork needed for an SIDF application is identical to the property option, and the process is straightforward. The usual turn-around time is generally less than 6 months.
Benefits of the St. Kitts-Nevis Investor Citizenship Program
Once citizenship has been granted, both the applicant and dependent family members receive lifetime citizenship, which is passed on to descendants automatically.
Citizens of St. Kitts and Nevis recognizes dual nationality, so there is no need to give up citizenship of your country origin.
Kitts & Nevis passport holders can travel to more than 136 countries. This includes the entirety of the European union as well as the UK.
Any citizen of St. Kitts-Nevis, can naturally take up residence there or in any other CARICOM member state, whenever they please for as long as it pleases them. Citizens of St. Kitts & Nevis are not liable to taxation, even if they reside there, because there are no personal taxes at all in St. Kitts-Nevis
Fees and Costs
CCP charges varying fees depending on the details case such as how many persons are to be included in the application and which option the applicant prefers to use.
The total fee will be paid into an escrow account before any work begins and will be released after the application is sent. A comprehensive application guide and Any documentation requiring the applicant’s signature will be sent by ccp via courier, the costs for which are covered by the escrowed fee.
While the final decision is made by the immigration authorities, at CCP we specialize in ensuring that applications for the programs we work with are made in a manner that results in a very high acceptance rate. Please contact us to set up a consultation regarding what fee structure would apply for your application process.