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St. Kitts & Nevis Citizenship by Investment Program

In 1984, the Government of the Federation of St. Kitts & Nevis created a Citizenship by Investment Program to attract investors of good character. These investors would make a substantial contribution to St. Kitts & Nevis, thereby channeling capital into national development. The Citizenship by Investment Program allows applicants to become citizens of the Federation of St. Kitts & Nevis, without a residency requirement. Once Citizenship is granted, passports can be easily obtained.

Benefits

Benefits of the Federation of St. Kitts & Nevis Citizenship:

Visa free travel to over 100 countries including Canada and Schengen countries - View list of countries
Possibility of obtaining 10-year multiple entry visa for the USA
Fast processing within 4 months with inclusion of all dependent children below 25 years of age and parents who are 62 or over;
There is no physical residency requirements and no requirement to travel to St Kitts & Nevis during the application process;
There is no interview, education or management experience required;
Citizenship is for life and not revocable;
There is no income or wealth tax for citizens;
Off-shore bank accounts, investments, and companies give unique opportunities for business and tax planning;
St. Kitts & Nevis recognizes dual citizenship, and does not require people to renounce their current citizenship
Having a second citizenship may allow children to avoid military service in their home country
Citizenship can be obtained by real estate investment
Excellent Real Estate Investment - Guaranteed return on real estate investment.

This program is excellent for families who wish to travel conveniently, avoid military service for their children, or have greater financial protection and security.

Qualification

To qualify under the Citizenship by Investment Program, the following criteria must be met:

The principal applicant must be at least 18 years old;
Applicants must make a one-time investment in St. Kitts & Nevis either by:
- an investment in a Government-approved real estate project; or
- a contribution to the Sugar Industry Diversification Foundation
To qualify as dependents, children must be under age 25 and unmarried (if aged 18-25, children must be able to prove full-time studies and dependence on their parents);
Applicants must pass a Due Diligence examination, and have no criminal record;
Applicants must complete a medical examination;
Applications must be submitted via a Government-approved agent.

Investment Options

The investment options available are as follows:

Option 1: Real Estate Investment (Strongly recommended - Please ask us why)

The property purchased must be minimum USD $350,000 in a pre approved realestate development area. The property must be owned and maintained for aminimum of 5 years.

Property registration, processing fees and taxes must be paid in addition to the property purchase.

Each applicant included in the application must also pay the following:

USD $35,000 - Main Applicant;
USD $15,000 - Spouse;
USD $15,000 - Each child below 18 yrs;
USD $35,000 - Each child above 18 yrs;
USD $ 3,500 - Due diligence.

Option 2: Sugar Industry Diversification Foundation (SIDF) Contribution

High net worth individuals may also choose to make a monetary contributionto the SIDF organization via one of the prescribed contribution levels as follows:

USD $200,000 – Single Applicant;
USD $250,000 – Family with up to 3 dependents (spouse + 2 children below18 yrs);
USD $300,000 – Family with up to 5 dependents (spouse + 4 children below18 yrs);
USD $400,000 – Family with 6 or more dependents;
USD $ 35,000 – Each child 18-24 yrs (up until a day before 25th birthday).

For cost summary and to calculate your cost under each of the above options, click here.

Procedures and Timelines

The below summarized timeline is based on the required process that need to be followed for an applicant of the Citizenship-by-Investment Program St Kitts & Nevis.

The procedure follows 3 basic steps of which are dependent on the successful completion of the previous step.

ST. KITTS & NEVIS CITIZENSHIP BY INVESTMENT
Month 1	Step 1	File preparation stage. Verification of documents and completion of due diligence. Issuance of pre approval letter from St. Kitts Agent. Application fees are applicable at this stage. Investing in the selected Investment Option.
Month 2-3	Step 2	Submission of Citizenship Application. Confirmation of received file. Issuance of Naturalization certificat.
Month 3-4	Step 3	Submission of Passport Application.. Issuance of Passport
Please note that this information is accurate as of December 2010. Any changes that may occur after this date, which may or may not affect an applicant's processing, will not be the responsibility of ITC, as governments can experience large volumes of applications, local authorities can modify forms/documents needed amongst other factors that may affect timings. Processing times will vary depending on where the application has been filed. For latest up-to-date process time line please ask us.

The application fees

The application fees associated with the program include government application fees, legal and service fees related to the background verification and validation of documents. These upfront fees are non-refundable and they vary between USD $ 28,500 and $ 40,000+, depending on the number of dependents.

For cost summary and to calculate your cost under each of the above options, click here.