Saint Kitts and Nevis Citizenship by Investment Program

St Kitts & Nevis citizenship by Investment Program

Saint Kitts & Nevis citizenship by Investment was first established in 1984 as a way to boost the economy and attract foreign investment. In the early stages the country had established the Sugar Industry Diversification Foundation (SIDF) or an investment in real estate option for citizenship. Over time the program’s success led to its expansion. There are various legislative changes and regulations in place to ensure the integrity and security of the citizenship by investment program.

Advantages of being a citizen of Saint Kitts & Nevis include the fact that Saint Kitts & Nevis is politically and economically stable and is a safe country to live in. There is no personal income tax or inheritance tax in the country. “The country's favorable tax policies and economic stability can be advantageous for wealth preservation and asset protection.” As a citizen you have access to education and health care opportunities and have the right to live and work in the country. St Kitts & Nevis is a great place to retire and enjoy life, the atmosphere has relaxed vibes. Provided you are a passport holder you have increased travel opportunities and global mobility which can facilitate travel and business opportunities. Citizenship can be passed down to future generations.

Eligibility: To be eligible for St Kitts & Nevis citizenship the main applicant needs to be at least 18 years of age and have a clean background. You must also make the prescribed investment contribution pursuant to the option for citizenship chosen. You cannot have been denied citizenship in any country or denied a visa where St.Kitts & Nevis has visa-free travel and have not been able to subsequently obtain a visa.

Family members that can be included for St.Kitts & Nevis citizenship include; the main applicant’s spouse, children under the age of 18, children between the age of 18 and 25 who are in full-time attendance in school (a confirmation of enrollment letter is required), children over 18 who are physically or mentally challenged, parents or grandparents of the main applicant living with and fully supported by the main applicant.

Nationalities that are prohibited from doing St.Kitts & Nevis citizenship by investment at this time include; Belarus, Iran, Iraq, North Korea, Russia

There are different pathways to obtaining St Kitts & Nevis citizenship which include:

One option is the The Sustainable Island State Contribution (SISC) which was established to help increase local food production, diversify the economy, assist with the transition to green energy, expand social protections and safety. This options requires a non-refundable contribution upon approval for citizenship.
Main applicant only: US$250,000
Main applicant and a spouse: US$300,000
Main applicant and one dependant: US$300,000
Main applicant, a spouse and one or two dependants; US$350,000
Main applicant and two or three dependants: US$350,000
Each additional dependant under 18: US$50,000
Each additional dependant aged 18 or over: US$75,000
Due diligence fees apply for all applications
Main applicant: US$10,000
Each dependant aged 16 or over: US$7,500
Another options is the Approved Real Estate Option in an approved development starting at US$400,000 (resalable after seven years). On approval in principle the main applicant must also donate US$25,000, the spouse US$15,000, any qualified dependent under 18 is US$10,000 and any qualified dependent over 18 is US$15,000. In addition to these fees, real estate buyers should be aware of purchase costs (mainly compulsory insurance fund contributions and conveyance fees). Due Diligence fees and agent fees apply.
Another option is the Private Home Sales option
The minimum investment in a condominium unit designated as an Approved Private Home is US$400,000.
The minimum investment in a single-family private dwelling home designated as Approved Private Home is US$800,000.
Resale:
A property purchased under the Private Home Sale Investment Option shall not be resold for a period of at least seven (7) years.

Another option is the Public Benefit Option where the main applicant makes a contribution of US$250,000 in a unit of an Approved Public Benefit Project
Due diligence fees apply for all applications
Main applicant: US$10,000
Each dependant aged 16 or over: US$7,500
On approval in principle the main applicant must also donate US$25,000, the spouse US$15,000, any qualified dependent under 18 is US$10,000 and any qualified dependent over 18 is US$15,000.
For detailed cost quotations you can get in contact with me at jennifer@jhmarlin.com
A lot of top entrepreneurs such as Roger Ver, Heidi Chakos, Pavel Durov and others have done St.Kitts & Nevis citizenship. Entrepreneurs have a lot of trust in the reputation of the citizenship by investment program and wish to take advantage of the benefits of being a citizen. #citizenshipbyinvestment #entrepreneur #planb #nomad

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