Saturday, November 23, 2024

St Kitts is the oldest and most respected citizenship program in the world

Globalisation has made the world a much smaller, more connected space. It has reshaped ideas of social and political life, and has made global citizenship a reality. Yet, as economic and political events around the world continue to rapidly transform local and regional realities, the need for greater mobility, access and stability has never been more important.

Citizenship by investment is an ideal gateway to the world for individuals and families in search of secondary citizenship.

The St. Kitts and Nevis Citizenship by Investment Programme is the world’s platinum standard for economic citizenship. Established in 1984, it is the oldest and most respected programme of its kind. Its passport privileges grant appropriate candidates instant visa-free access to over 125 countries and territories, including countries within the European Union.

Qualified applicants can enjoy greater freedom and increased stability for themselves, their spouse, and any number of dependent children after making an investment in an approved real estate project in St. Kitts and Nevis, or a donation to the country’s development fund, the Sugar Industry Diversification Foundation.

As a citizen of St. Kitts and Nevis, there is no need for you or your family to reside in the country; you do not need to give up your current nationality; and you will not be taxed on your wealth, inheritance, foreign income or capital gains. These features make the St. Kitts and Nevis Citizenship by Investment Programme one of the most sought-after in the world!

St. Kitts and Nevis provides a healthy climate for business and investment, and its spectacular scenery and rich Caribbean culture and heritage make it a comfortable and exciting place to live!

  • Visa-free access to over 125 countries and territories worldwide, including the United Kingdom, European Union, Hong Kong and Singapore;
  • There is no requirement to live in St. Kitts and Nevis, but you are fully entitled to;
  • You, your spouse, your dependants and descendants enjoy full citizenship for life;
  • Complete discretion with respect to citizenship, ensuring that one’s citizenship status is not reported to third parties;
  • A low tax regime, exempting taxes on worldwide income, capital gains and inheritance;
  • An environment conducive to starting a business, managing wealth and nurturing an investment;
  • A hassle-free and efficient application process which confirms the outcome of your application in less than 60 days. There are no requirements for previous investor or business experience, English language proficiency or for attending an interview.
  • Accelerated application process processing time within 60 days.

 

International applicants qualify for citizenship under two investment options.

 

SUSTAINABLE GROWTH FUND

Applicants may qualify for citizenship through a contribution to the Sustainable Growth Fund (SGF).

  • Single applicant: a non-refundable contribution of US$150,000 is required
  • Main applicant with up to three dependents (for example, a spouse and two children): a non-refundable contribution of US$195,000 is required
  • Additional dependents, regardless of Age: US$10,000

Upon submission of an application, non-refundable due diligence and processing fees must be also paid. These fees amount to US$7,500 for the main applicant, and US$4,000 for each dependent of the main application who is over the age of 16 years.

REAL ESTATE INVESTMENT

Applicants may qualify for citizenship through an investment in a pre-approved real estate project, which may include hotel shares, villas, and condominium units. The minimum real estate investment required by law is US$200,000 (resalable after 7 years) or US$400,000 (resalable after 5 years) for each main applicant.

Upon submission of an application, non-refundable due diligence and processing fees must also be paid. These fees amount to US$7,500 for the main applicant, and US$4,000 for each dependent of the main applicant who is over the age of 16 years.

On approval in principle of an application made through a real estate investment, a Government fee applies, as follows:

  • Main applicant: US$35,000
  • Spouse of the main applicant: US$20,000
  • Any other qualified dependent of the main applicant regardless of age: US$10,000

In addition to these fees, real estate buyers should be aware of purchase costs (mainly compulsory insurance fund contributions and conveyance fees).

For listed of approved real estate click here

 

Citizenship by Investment Unit (CIU)

The Government authority responsible for administering the programme is the Citizenship by Investment Unit (CIU). Applications for citizenship cannot be lodged directly at the Citizenship by Investment Unit. Rather, they must be handled by a registered Authorised Person.

 

CIU St Kitts and Nevis

 

Please visit our official website www.ciu.gov.kn to view our list of Authorised Persons.

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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