SAINT KITTS AND NEVIS


Alternately known as the Federation of Saint Christopher and Nevis, Saint Kitts and Nevis is a dual-island nation perched in the Caribbean. Both Saint Kitts and Nevis are charming islands; they share many of the same characteristics and yet differ in certain ways. St. Kitts being the larger of the two, is an urban place and boasting place. Nevis is nature-oriented, with plenty of invigorating and refreshing nature walks for outdoor enthusiasts.

From the Brimstone Hill Fortress National Park to the Botanical Gardens of Nevis, South Friar’s Bay and the Nevis Heritage Trail to name a few, living here offers a plethora of unique and interesting activities to indulge in. Additionally, citizens have the freedom to travel to Schengen nations without the hassle of applying for visas, making this a particularly lucrative option for businesspeople. Furthermore, citizens can also look forward to the absence of income or wealth taxes, beneficial from both a personal and corporate perspective.

Why choose Saint Kitts and Nevis?

Saint Kitts and Nevis is a two-island country nestled in the West Indies and is a commonwealth realm. The citizenship by investment program of Saint Kitts and Nevis was established in 1984 making it the longest-established economic citizenship program worldwide. The country grants full citizenship to investors within six months.

Applicants can qualify for citizenship through investment by either investing in government-approved Real Estate, or by donating to the Sugar Industry Diversification Foundation.

BENEFITS AT A GLANCE

  • Citizenship obtained within 6 months
  • Citizenship in a British Commonwealth country
  • Dual citizenship is permitted; there is no need to denounce other citizenship
  • Obtain visa-free travel to more than 150 countries; including Schengen countries, UK, Hong Kong and Singapore.
  • No physical residence requirements during or after the application procedure
  • No interview required
  • No tax on worldwide income
  • Applicant and his family enjoy full citizenship for life, which can be passed on to future generations by descent.
  • Return on Investment: the real estate option allows investors to collect income from their property

Qualifications

  • The applicant must hold a valid passport
  • Applicants must not hold criminal record
  • Applicants must complete a medical examination
  • The applicant must provide documents supporting the source and the origin of the declared funds for investment
  • The applicant must make the appropriate investment in government-approved real estate development or through a donation to Sugar Industry Diversification Foundation
  • Dependents now include children up to the age of 30, who have a dependency relationship with parents
  • Parents or grandparents of the principal applicant or spouse may qualify as dependents if they are above 55 years of age, living with the principal applicant, and can prove financial dependency on the principal applicant

Timeline & Procedure

The Saint Kitts and Nevis passport can be obtained in 6 months. Investors can opt for the fast track option and obtain the citizenship within 4-6 months.

 

Month 1 Step 1 Bluemina does a preliminary background check. Once cleared, file preparation begins and required documents are collected. Advisroy, governments and due diligence fees are due.
Month 1-2 Step 2 File is submitted
Month 3-5 Step 3 Issuance of “Approved in Principal” letter by the CIU (Government’s Citizenship-by-Investment Unit)
Step 4 Investment is made in selected option; Real Estate and SIFD donation
Step 5 Naturalization certificate is issued
Month 6 Step 6 Submission of Passport application and issuance of passports.

Visa Free Travel

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Investment Schemes

Investment in Real Estate

The applicant purchases a government- approved share in real estate in Saint Kitts or Nevis

i) A full unit for the value of US$400,000 which can be sold after 5 years

ii) A share unit for the value of US$200,000 which can be sold after 7 years

The applicant must pay Government fees of:

US 35,000 for main applicant

US 20,000 for spouse

US 10,000 for any dependent regardless of age

The applicants must also pay due diligence and background check fees:

US$7,500: Main Applicant

US$4,000: Spouse and each dependent over 16 years

Bluemina works closely with government-approved developers to offer applicants exclusive benefits including:

  • No tax or maintenance fees on property purchasing or at any point during the 5-7 years “must hold” period
  • Applicants can benefit from annual rental income
  • Applicant and families can enjoy up to 14 nights stay yearly

Substainable GROwth FUND (SGF) :

The applicant makes a non-refundable monetary contribution to the (SGF) of Saint Kitts & Nevis. The contribution will depend on the size of family as follows:

US$150,000: Single applicant;

US$195,000: For a Family of up to 4 people

 

An additional $10,000 is applicable to each additional dependent regardless of age

The applicants must also pay due diligence and background check fees:

US$7,500: Main Applicant

US$4,000: Spouse and each dependent over 16 years

Legal Basis

St Kitts and Nevis citizenship-by-investment program was established in 1984, making it one of the world’s oldest, most reliable programs of its kind worldwide. The Federation is a member of the United Nations (UN), the British Commonwealth, of the Organization of American States (OAS), Caricom and other international organizations. With a growing number of visa free travel countries growing yearly, St Kitts and Nevis citizenship-by-investment is one of the best economic citizenship programs.

The regulations regarding citizenship-by-investment in St. Kitts & Nevis are contained in the Saint Christopher and Nevis Citizenship By Investment Regulations in Part II, Section 3 (5) of the Citizenship Act, 1984. These provisions allow the government to operate a program under which citizenship is granted to persons who qualify under criteria set by cabinet decision.

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