St. Kitts & Nevis’s

The St. Kitts and Nevis Citizenship by Investment Program:

The St. Kitts and Nevis Citizenship by Investment Program was originally established in 1984. It has since become one of the most successful and reputable programs of its kind in the world and a very important contributor to economic growth and stability in the country. The legal basis regarding citizenship by investment is contained in Part II, § 3 (5) of the Citizenship Act, 1984 and the Saint Christopher and Nevis Citizenship-by-Investment Regulations, 2011.

St. Kitts and Nevis is an exclusive Caribbean destination with impressive natural beauty and has a rich history with varied influences from different cultures. This beautiful two-island

nation is blessed with tropical temperatures, clear blue waters and a bustling trade and tourism economy. It is well-connected by direct flights to and from Europe and the U.S and offers residents and citizens sought-after advantages, such as dual citizenship and tax-free worldwide income.

The federation is a member of the British Commonwealth, CARICOM, the Organization of American States, and many other international organizations. A St. Kitts & Nevis passport allows visa-free or visa-on-arrival access to 154 destinations, including the UK and Europe’s Schengen Area.

Requirements

The St. Kitts and Nevis Citizenship by Investment Program requires applicants to make a significant economic contribution to the country. In exchange, and subject to a stringent application procedure including thorough background checks, the applicants and their families are granted full citizenship. To qualify for citizenship, the main applicant must be over 18 years of age, meet the application requirements, and select one of the following options:

  •  A non-refundable contribution to the Sustainable Growth Fund (SGF) of an amount starting from US$ 150,000 for a single applicant.
  •  The purchase of real estate with a minimum value of US$ 200,000 from an approved real estate development. The real estate cannot be resold within a seven-year period.
  • The purchase of real estate with a minimum value of US$ 400,000 from an approved real estate development. The real estate cannot be resold within a five-year period.

If the applicant chooses to purchase real estate from a government-approved development, this option may involve additional real estate purchase costs (depending on the developer) and government fees of US$ 35,050 for the main applicant, US$ 20,050 for the spouse, and US$ 10,050 for each dependent, regardless of age.

There is also a due diligence fee of US$ 7,500 for the main applicant and US$ 4,000 for dependents over the age of 16. The real estate cannot be resold for a period of five or seven years (depending on the real estate option chosen) after citizenship is granted. Thereafter, however, the same property can qualify a subsequent buyer for citizenship.

The SGF is a fund established for the purpose of supporting economic growth and improving all sectors of the economy.

A single applicant is required to make a contribution of US$ 150,000 plus US$ 25,000 for a spouse and US$ 1Q000 for each additional dependent (SGF option).

Under SGF options, with each of the criteria listed, the total amount includes all government fees but excludes due diligence fees, which are the same for the real estate options.

All options allow for a dependent between 18 and 30 years to be included in the application of the main applicant, if the dependent is a full-time student and is financially reliant on them. The government also allows parents and grandparents over the age of 55 to be included in the application as dependents if they are living with and are fully supported by the main applicant.

All applicants must have a completely clean personal background with no criminal record. The regulations further provide that a person who has been denied entry to a country with which St. Kitts and Nevis has a visa-free travel arrangement and has subsequently not obtained a visa to the country after the first refusal shall not be eligible to apply under the program. A person who is deemed a potential national security risk, reputational risk, or is subject to criminal investigation will also be denied citizenship.

Process & Time Frame

The St. Kitts and Nevis Citizenship by Investment Unit (CIU) is responsible for the processing of all applications. There is also an accelerated application process available with a 45 – to 60-day processing time frame. The CIU examines the application thoroughly and may request that the applicant attend an interview, although this is rarely necessary. The CIU undertakes strict due diligence checks and will decline an application if the applicant makes a false statement or omits any relevant information.

The applicant must personally complete the prescribed government forms, which are only available from an authorized service provider. The documentary requirements of the program are reasonable and the procedures straightforward. Most applicants will normally visit the islands before deciding on the purchase of real estate, but it is not a prerequisite for the application process, which usually takes between three to four months from submission of the application to the C1U for approval. Under the real estate option, the time frame may vary depending on the development, so it is important to choose a real estate project that complements the citizenship application efficiently.

Upon approval-in-principle of the application, the funds for the real estate, SGF contributions, government fees, and other fees will be released to the various parties. Thereafter, the prime minister will sign the certificate of registration, which confers citizenship status. Once the certificate of registration is issued, the applicant is entitled to apply for a passport.

Dual Citizenship

There are no restrictions on dual citizenship in St. Kitts & Nevis.

Taxation

Dividends Tax

Tax Exempt (0%) by Saint Kitt & Nevis to another resident company.

Capital gains

Tax Exempted

There is no direct taxation in St. Kitts & Nevis (0%)

Even if citizens reside on the islands, they will not be subject to personal income tax, estate duty, inheritance or succession taxes, gift taxes, or net worth tax.

Real Property Tax

The amount of tax is determined by the market value of an item. It varies between 0.2% – 0.3% depending on the intended use of the property.

Corporate income tax

35% of net profits income from inside St. Kitts & Nevis. St. Kitts & Nevis International Business Company (income from outside) is Exempt (0%).

VAT tax

in St. Kitts and Nevis is 17%. The reduced rate of 10% applied within the tourism sector and Certain goods and services may be zero-rated or exempt.

Key advantages

 

  •  St. Kitts & Nevis passport allows visa-free or visa-on-arrival travel to 154 destinations including the UK, and Europe’s Schengen Area.
  • The applicant and their family receive full citizenship and passports.
  • St. Kitts & Nevis is a member of the Commonwealth, which entitles citizens to certain privileges in the UK and other Commonwealth countries.
  • The nation is an attractive location for owning a second home in the Caribbean, with good air links to Europe and North America.

Visa Free Travel

With the 24th rank of Passport Index, Saint Kitts & Nevis passport will let you freely travel the world without a time-consuming visa and monetary challenge. Enjoy your freedom, global mobility and access to 154 visa-free countries, including the Schengen area of the European Union, the United Kingdom and many more!

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