Sunday, November 24, 2024

St.Kitts – A Pioneer of Global Citizenship industry

St.Kitts has been a pioneer of Global citizenship industry since 1984. The Newly Reformed CBI programme offers exceptional investment opportunities to extraordinary foreign investors opening doors to a whole new world.

The CBI Established in 1984, the St Kitts and Nevis Citizenship by Investment Programme is the oldest of its kind in the world. The programme was ranked No.1 in Best CBI Rankings 2023 for offers citizenship to high net worth individuals and their families in a peaceful and prosperous part of the Caribbean.

The Economic Citizenship Programme helps to fund community-focused projects that drive economic growth for local people and investors. Our Premium Standard guarantees increased mobility, sustainable investment opportunities and greater economic freedom for successful applicants.

Successful applicants to the St Kitts and Nevis CBI Programme have access to a huge range of benefits including:

  • A fair tax regime, with no worldwide income, inheritance or gift tax for tax residents.
  • Citizenship for life, with the right to live and work in the country.
  • The ability to pass on citizenship to future generations.

All applicants undergo strict due diligence process in full compliance with national legislation and international standards. All main applicants are required to attend a mandatory interview. Dependants aged 16 years of age may at the discretion of the CIU be required to attend an interview.

There are four investment routes available for investors.

1. Donation

The Sustainable Island State Contribution (SISC) is used to support the economic and social development of St Kitts and Nevis following seven pillars of prioritisation:
  • 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

2.Real Esate

The minimum real estate investment in an Approved Development is US$400,000 (resaleable after seven years) for each main applicant. A property purchased under the Private Home Sale Investment Option shall not be resold for a period of at least seven (7) years.

Within 120 days of acknowledgment from the Citizenship by Investment Unit (CIU) of submission of a CBI application, the CIU will advise whether an application is approved or not.

3. Private Homes

A distinctive choice for the unique investor. Applicants may qualify for citizenship through an investment in an Approved Private Home.

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.

3. Public Benefit

Approved Public Benefit Projects designated by the CIU can not only maximise local employment, but also make it possible to embark upon projects including transfer of technology and capacity building. Under the Public Benefit Option, each main applicant is required to make a minimum contribution of US$250,000 in a unit of an Approved Public Benefit Project, to be paid to the relevant Approved Public Benefactor. (eg. Movie production)

the St Kitts and Nevis CBI application process is made up of five main steps:

  1. Choose your Authorised Agent.
  2. Complete your application.
  3. Background checks.
  4. Make your contribution or investment.
  5. Get citizenship.

The Citizenship by Investment Unit (CIU) is the government authority responsible for promoting and managing applications for economic citizenship in the Federation of St Kitts and Nevis, in accordance with Saint Christopher and Nevis Citizenship Act, 1984 (Act No. 1 of 1984).

Prabhu Balakrishnan
Prabhu Balakrishnan
Founder of Citizenship by Investment News. Chief Editor with over 15 years experience in PR and News publishing. He Loves writing about citizenship, residency and wealth migration. CIP Journal is a Leading publication founded in 2017 bringing latest news from CBI/RBI market.

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