Citizenship by investment programs in St Kitts and Nevis is becoming more popular than ever. Currently, there are three such programs available for investing in citizenship in the island nation. These include St Kitts and Nevis Citizenship by Investment Program, the Citizenship by Investment Program in The Bahamas, and the Citizenship by Investment Program in Antigua and Barbuda.
St Kitts and Nevis Citizenship by Investment Program has long been one of the most popular in the region. Now, many other nations are starting their programs. So let’s look at how you can invest in citizenship in St Kitts and Nevis.
Individuals may get citizenship via investment schemes by investing in the nation, often in real estate or government bonds. Enshrined in St Kitts and Nevis’s citizenship statute, the twin-island developed its CIP (citizenship by investment) program in 1984, less than a year after achieving independence. As one of the world’s oldest programs, you may get citizenship by investing in this gorgeous paradise, either through purchasing government-approved real estate or through financial contributions to the country’s Sustainable Growth Fund.
There are many St Kitts citizenship benefits to consider.
The program’s unique advantages are enjoyed by global inhabitants worldwide, from its growing commerce and busy tourist sector to its pristine beaches and provision of a tranquil and private living.
- Responsive processing times
Approve and complete your St Kitts & Nevis CIP application in four months.
- Streamlined application procedure
A unique aspect is that candidates who pay the fast-track price are promised citizenship (including a passport) for 60 days or fewer.
- Modifications to the application requirements
There are no interview, language, or residence restrictions.
- Passports for all members of your family
The citizenship program in St Kitts and Nevis also applies to the applicant’s family members, including dependent children under the age of 30 and dependent parents or grandparents over 55.
- Visa-free travel to more than 156 countries, including the Schengen area’s core member states
With a St Kitts and Nevis passport, you may travel visa-free inside Europe’s Schengen zone, the United Kingdom, Hong Kong, and Singapore, among other countries.
- Permanent mixed citizenship
St. Kitts and Nevis offer applicants and qualifying family members perpetual dual citizenship.
- favorable Tax system
There is no need for income, inheritance, or gift taxes.
- Valuable contribution
Your gift will contribute to a rising nation’s ongoing prosperity.
Eligibility for St. Kitts citizenship by investment
- To be eligible for second citizenship in St Kitts and Nevis, you must be exceptional.
- You must have no felony convictions on your record.
- You must be in good health.
- You must own substantial personal net worth.
St Kitts’s second citizenship requirements
To qualify for St Kitts citizenship by investment, the candidate must:
- Be at least 18 years old.
- Submit a background check for criminal activity.
- Demonstrate their exceptional character through bank records and job references.
- To begin, make a qualified investment of at least US$400,000 in government-approved real estate OR a cash commitment of at least $150,000 to St. Kitts and Nevis’ Foundation for Sustainable Development (SGF).
- Which family members are eligible for St. Kitts & Nevis citizenship via investment?
- A significant advantage is that it is open to the applicant’s family members, who are also eligible for citizenship.
The following members of the applicant’s family are eligible:
- Children of the primary applicant or spouse, if they are under the age of 18 or between the ages of 18 and 30 and in a dependent relationship with the parent OR if they are above 18 and physically/mentally disabled.
- Parents of the principal applicant or spouse if they are 55 years or older and live with and are supported by the principal applicant.
- Grandparents of the primary applicant or the spouse if they are 65 years or older and living with and supporting the primary applicant.
St. Kitts and Nevis passport by investment options
There are two primary investment alternatives available for acquiring second citizenship in St Kitts & Nevis.
1. Fund for Sustainable Growth
St. Kitts and Nevis government established the Sustainable Growth Fund in 2006 to enable investors to significantly contribute to the twin-island nation’s economic and social progress.
The fund’s money assists sustainable development projects in essential sectors such as education, health, climate change and resilience, infrastructure, tourism and culture, and indigenous entrepreneurship promotion.
Fee for the Sustainable Growth Fun
UPDATE IN FEES:
Kitts and Nevis, the cost of citizenship has been revised. This means that four families may get citizenship for $150,000, down from $195,000. However, the minimum payment for a single application will remain at $150,000.
Due diligence fees
- Real estate investment
The applicant must make a government-approved real estate investment in St. Kitts or Nevis. Applicants may choose from a variety of pre-approved real estate projects.
The applicant must choose one of the following types of real estate investment:
- Independent property investment minimum of $400,000 (resealable after five years for each principal applicant).
- The minimum property investment is $200,000 (resealable after seven years for each principal applicant).
Government application real estate fee
Nota bene: The exact due diligence costs apply to the SGF application (outlined above.)
Accelerated Application Process St. Kitts and Nevis’s second passport plan gives applicants an unprecedented chance to expedite their applications. The Accelerated Application Process ensures citizenship for successful candidates, including issuing passports in sixty days or less.
The Accelerated Application Process fee is as follows:
In St. Kitts and Nevis, there are no direct taxes. This implies that residents on the islands are exempt from personal income tax, estate duty, inheritance or succession taxes, gift taxes, and net worth tax. Specific applicants, however, are subject to certain taxes.
Key tax considerations include:
- A 35 percent corporate income tax on net earnings. On the good side, the country grants qualified businesses a 15-year tax break on corporate earnings. In addition, Nevis explicitly exempts corporations and foundations from taxation if no business is done on the island.
- Persons and businesses that send money to individuals outside of St. Kitts and Nevis are subject to a 10% withholding tax.
- In St. Kitts and Nevis, a yearly property tax is levied. This is a modest fee based on the property’s market value. VAT is now charged at 17% in St. Kitts and Nevis.
The application process for St. Kitts and Nevis citizenship program
The Citizenship-by-Investment Unit of St. Kitts and Nevis (CIU) is responsible for processing all incoming applications.
The CIU will thoroughly evaluate your application and may invite you to an interview, although this is an uncommon occurrence. The CIU conducts rigorous due diligence investigations and will deny an application if the applicant provides misleading information or omits essential facts.
The applicant must manually complete all required government paperwork, which is only accessible via an approved service provider.
Once an application is received, the CIU will process it within four to six months. However, if you choose the Accelerated Application Process, your application will be processed within 30-60 days.
Note that the period for the real estate choice may vary based on the development, so it is essential to choose a real estate project that complements the citizenship application well.
After CIU has accepted your application, you must make the cash contribution connected with your investment choice and pay any applicable government or application costs. These will be made available to the appropriate persons. After the Prime Minister signs your registration certificate, you are eligible to apply for a passport.
Step-by-step guide for St Kitts and Nevis citizenship application
To apply for St Kitts and Nevis Citizenship by Investment, follow these easy steps.
- Select an approved agency that is licensed to process your application.
Ascertain if they are licensed to do business in St Kitts.
- Submit all required application forms
Complete all application forms and submit all required documentation directed by your authorized agent. Ascertain that all papers have been legalized by St. Kitts and Nevis’ norms (more information on document requirements below).
- CIU approves your application
Within three to four months of submitting your application conventionally, you should get a confirmation letter indicating that your application has been accepted. This implies that your application will be granted, provided you make the required investment and produce documentation.
- Select an investing strategy and make an investment
Decide whether to invest in the Sustainable Growth Fund or real estate and proceed with the transaction.
- Obtain citizenship
You have been given St. Kitts and Nevis citizenship and are eligible to get a second passport.
St. Kitts and Nevis document requirements
Important note: Citizenship applications cannot be submitted directly to the Citizenship-by-Investment Unit; they must be submitted via registered authorities.
Each set of application forms provided to applicants is charged US$250. Authorized Persons may provide application forms.
For convenience, the following forms are referred to in this guide:
- Application for Citizenship (Form C1)
- A certificate with Photograph and Signature (Form C2)
- Medical Certificate (Form C3) with the initial HIV test results (HIV test is required for all persons applying for citizenship, including children over 12 years). Nota bene: The findings of the HIV test must be no more than three months old.
Sustainable Growth Fund forms
- Confirmation of Investment/Escrow Agreement (Form C4)
Real estate firms
- Purchase & Sale Agreement Completed (Approved Real Estate Option)
Necessary: Your local authorized person will provide Forms C1, C2, C3, and C4. (Only unaltered application forms will be accepted.)
Required documents for submission:
- Completed application forms C1, C2, AND C3
- Original birth record extract or a certified copy of the birth certificate.
- Certified copy of name change documentation (Deed Polls or jurisdictional equivalent, if applicable)
- Certified copy of the applicant’s current national identification card(s) (children under the age of 16 are exempted)
- A certified copy of your existing passport(s) includes your name, picture, citizenship/nationality, the date and place of issuance, the expiration date, the passport number, and the issuing country.
- Results of HIV testing must be no more than three months old (children under the age of 12 are exempted)
- Police Certificate “certificate of no criminal record” or “police clearance certificate” from your country of citizenship and any other country where you have spent more than one year in the last ten years ( children under the age of 16 are exempted)
- Six (6) images roughly 35 x 45mm in size were shot during the last six (6) months (N.B. A verified picture must be included with the C2 form.)
Other supporting documents required from the principal applicant:
- At least one authentic professional reference (e.g., from an attorney, notary public, official accountant, or other similarly qualified professional) is no more than six months old.
- Bank Statements for 12 months beginning with the date of application submission
- At least one authentic bank reference letter, not older than six months, provided by an internationally recognized bank.
- Obtain a certified copy of your military records or apply for a waiver of military service (if applicable)
- One original paperwork establishing a residence (e.g., an official letter from your bank, attorney, chartered accountant, or notary public certifying your current residence and stating your complete name and address).
- Letters of employment specifying the date of hire, the job held, and the amount of money earned
- Certified copy of business license or articles of incorporation
- 1 Original marriage record extract or certified copy of the marriage certificate(s), if relevant (i.e., if married persons apply together).
- Certified duplicate of divorce papers (if applicable).
- Statement and documentation establishing the source of the funds to be invested in St Kitts and Nevis
- Financial Support Affidavit for Applicants Between the Ages of 18 and 30
- Copies of university degrees that have been authenticated (if applicable)
- Power of Attorney with Restrictions